Working Papers
Monetary Policy and Firm Heterogeneity:The Role of Leverage Since the Financial Crisis (PDF)
with Timothy Moreland, Revise and Resubmit at Review of Economics and Statistics
Online Appendix (PDF)
Market-Based Monetary Policy Uncertainty (PDF)
with Michael Bauer and Philippe Mueller
Bank Regulation and Monetary Policy Transmission: Evidence from the U.S. States Liberalization (PDF)
with Raoul Minetti and Matthew Schaffer
The Growing Impact of US Monetary Policy on Emerging Financial Markets: Evidence from India (PDF)
Modeling Monetary Policy Dynamics: A Comparison of Regime Switching and Time Varying Parameter Approaches (PDF)
Online Appendix (PDF)
The Effect of Foreign Shocks on the Indian Economy (PDF)
with Sanjay Singh
In preparation for India Policy Forum 2019
Publications
Decomposing the Effects of Monetary Policy using an External Instruments SVAR (PDF)
Journal of Applied Econometrics, Vol 34, pp 934-950, September/October 2019
Online Appendix (PDF)
Federal Reserve Private Information and the Stock Market (PDF)
with Matthew Schaffer, Journal of Banking and Finance, Vol 106, pp 34-49, September 2019
Online Appendix (PDF)
Interbank Markets and Bank Bailout Policies Amid a Sovereign Debt Crisis (PDF)
with Raoul Minetti and Maria Olivero, Journal of Economic Dynamics and Control, 93, pp 131-153, August 2018
Federal Reserve Credibility and the Term Structure of Interest Rates (PDF)
with Shu Wu, European Economic Review, Vol 100, pp 364-389, November 2017
Online Appendix:(PDF)
Changes in Federal Reserve Preferences (PDF)
Journal of Economic Dynamics and Control, 70, pp.124-143, September 2016
Online Appendix (PDF)
How Credible is the Federal Reserve? A Structural Estimation of Policy Re-optimizations. (PDF)
with Davide Debortoli, American Economic Journal: Macroeconomics, 8(3), pp.42-76, July 2016
What are the Odds? Options-Based Forecasts of FOMC Target Changes (PDF)
with Christopher Neely and William Emmons, Federal Reserve Bank of St. Louis Review, November/December 2006, 88(6), pp. 543-61
Work in Progress
Assessing the Role of Systematic Monetary Policy (PDF (Preliminary Version))
The International Spillover Effects of US Monetary Policy Uncertainty
with Timothy Moreland and Matthew Schaffer
The Precision of Central Bank Communication
with Myungkyu Shim
The Distributional Effects of Monetary Policy in a Life Cycle Model
with William Peterman and Tobias Cwik
Older Work
Globalization and the Effects of Foreign Competition: Implications for Inflation and Monetary Policy
Discussions:
Discussion of Jarocinski & Karadi: Deconstructing monetary policy surprises: the role of information shocks for Bank of Canada Conference on Central Bank Communications: (Slides)
Monetary Policy and Firm Heterogeneity:The Role of Leverage Since the Financial Crisis (PDF)
with Timothy Moreland, Revise and Resubmit at Review of Economics and Statistics
Online Appendix (PDF)
Market-Based Monetary Policy Uncertainty (PDF)
with Michael Bauer and Philippe Mueller
Bank Regulation and Monetary Policy Transmission: Evidence from the U.S. States Liberalization (PDF)
with Raoul Minetti and Matthew Schaffer
The Growing Impact of US Monetary Policy on Emerging Financial Markets: Evidence from India (PDF)
Modeling Monetary Policy Dynamics: A Comparison of Regime Switching and Time Varying Parameter Approaches (PDF)
Online Appendix (PDF)
The Effect of Foreign Shocks on the Indian Economy (PDF)
with Sanjay Singh
In preparation for India Policy Forum 2019
Publications
Decomposing the Effects of Monetary Policy using an External Instruments SVAR (PDF)
Journal of Applied Econometrics, Vol 34, pp 934-950, September/October 2019
Online Appendix (PDF)
Federal Reserve Private Information and the Stock Market (PDF)
with Matthew Schaffer, Journal of Banking and Finance, Vol 106, pp 34-49, September 2019
Online Appendix (PDF)
Interbank Markets and Bank Bailout Policies Amid a Sovereign Debt Crisis (PDF)
with Raoul Minetti and Maria Olivero, Journal of Economic Dynamics and Control, 93, pp 131-153, August 2018
Federal Reserve Credibility and the Term Structure of Interest Rates (PDF)
with Shu Wu, European Economic Review, Vol 100, pp 364-389, November 2017
Online Appendix:(PDF)
Changes in Federal Reserve Preferences (PDF)
Journal of Economic Dynamics and Control, 70, pp.124-143, September 2016
Online Appendix (PDF)
How Credible is the Federal Reserve? A Structural Estimation of Policy Re-optimizations. (PDF)
with Davide Debortoli, American Economic Journal: Macroeconomics, 8(3), pp.42-76, July 2016
What are the Odds? Options-Based Forecasts of FOMC Target Changes (PDF)
with Christopher Neely and William Emmons, Federal Reserve Bank of St. Louis Review, November/December 2006, 88(6), pp. 543-61
Work in Progress
Assessing the Role of Systematic Monetary Policy (PDF (Preliminary Version))
The International Spillover Effects of US Monetary Policy Uncertainty
with Timothy Moreland and Matthew Schaffer
The Precision of Central Bank Communication
with Myungkyu Shim
The Distributional Effects of Monetary Policy in a Life Cycle Model
with William Peterman and Tobias Cwik
Older Work
Globalization and the Effects of Foreign Competition: Implications for Inflation and Monetary Policy
Discussions:
Discussion of Jarocinski & Karadi: Deconstructing monetary policy surprises: the role of information shocks for Bank of Canada Conference on Central Bank Communications: (Slides)
