Working Papers
Monetary Policy and Firm Heterogeneity:The Role of Leverage Since the Financial Crisis
with Timothy Moreland, Revise and Resubmit at Review of Economics and Statistics
[SSRN Link] [Appendix] [Online Appendix]
The International Spillover Effects of US Monetary Policy Uncertainty
with Timothy Moreland and Matthew Schaffer, Revise and Resubmit at Journal of International Economics
[SSRN Link]
The Growing Impact of US Monetary Policy on Emerging Financial Markets: Evidence from India
Revise and Resubmit at Journal of International Money and Finance
[SSRN Link]
Market-Based Monetary Policy Uncertainty
with Michael Bauer and Philippe Mueller
[SSRN Link]
Bank Regulation and Monetary Policy Transmission: Evidence from the U.S. States Liberalization
with Raoul Minetti and Matthew Schaffer
[SSRN Link]
The Effect of Foreign Shocks on the Indian Economy
with Sanjay Singh
In preparation for India Policy Forum 2019
Modeling Monetary Policy Dynamics: A Comparison of Regime Switching and Time Varying Parameter Approaches
Publications
Decomposing the Effects of Monetary Policy using an External Instruments SVAR
Journal of Applied Econometrics, Vol 34, pp 934-950, September/October 2019
[Working Paper Version] [Replication Code]
Federal Reserve Private Information and the Stock Market
with Matthew Schaffer, Journal of Banking and Finance, Vol 106, pp 34-49, September 2019
[Working Paper Version] [Replication Code]
Interbank Markets and Bank Bailout Policies Amid a Sovereign Debt Crisis
with Raoul Minetti and Maria Olivero, Journal of Economic Dynamics and Control, 93, pp 131-153, August 2018
[Working Paper Version]
Federal Reserve Credibility and the Term Structure of Interest Rates
with Shu Wu, European Economic Review, Vol 100, pp 364-389, November 2017
[Working Paper Version]
Changes in Federal Reserve Preferences
Journal of Economic Dynamics and Control, 70, pp.124-143, September 2016
[Working Paper Version]
How Credible is the Federal Reserve? A Structural Estimation of Policy Re-optimizations.
with Davide Debortoli, American Economic Journal: Macroeconomics, 8(3), pp.42-76, July 2016
[Working Paper Version] [Replication Code]
What are the Odds? Options-Based Forecasts of FOMC Target Changes
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 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:
Monetary Policy and Firm Heterogeneity:The Role of Leverage Since the Financial Crisis
with Timothy Moreland, Revise and Resubmit at Review of Economics and Statistics
[SSRN Link] [Appendix] [Online Appendix]
The International Spillover Effects of US Monetary Policy Uncertainty
with Timothy Moreland and Matthew Schaffer, Revise and Resubmit at Journal of International Economics
[SSRN Link]
The Growing Impact of US Monetary Policy on Emerging Financial Markets: Evidence from India
Revise and Resubmit at Journal of International Money and Finance
[SSRN Link]
Market-Based Monetary Policy Uncertainty
with Michael Bauer and Philippe Mueller
[SSRN Link]
Bank Regulation and Monetary Policy Transmission: Evidence from the U.S. States Liberalization
with Raoul Minetti and Matthew Schaffer
[SSRN Link]
The Effect of Foreign Shocks on the Indian Economy
with Sanjay Singh
In preparation for India Policy Forum 2019
Modeling Monetary Policy Dynamics: A Comparison of Regime Switching and Time Varying Parameter Approaches
Publications
Decomposing the Effects of Monetary Policy using an External Instruments SVAR
Journal of Applied Econometrics, Vol 34, pp 934-950, September/October 2019
[Working Paper Version] [Replication Code]
Federal Reserve Private Information and the Stock Market
with Matthew Schaffer, Journal of Banking and Finance, Vol 106, pp 34-49, September 2019
[Working Paper Version] [Replication Code]
Interbank Markets and Bank Bailout Policies Amid a Sovereign Debt Crisis
with Raoul Minetti and Maria Olivero, Journal of Economic Dynamics and Control, 93, pp 131-153, August 2018
[Working Paper Version]
Federal Reserve Credibility and the Term Structure of Interest Rates
with Shu Wu, European Economic Review, Vol 100, pp 364-389, November 2017
[Working Paper Version]
Changes in Federal Reserve Preferences
Journal of Economic Dynamics and Control, 70, pp.124-143, September 2016
[Working Paper Version]
How Credible is the Federal Reserve? A Structural Estimation of Policy Re-optimizations.
with Davide Debortoli, American Economic Journal: Macroeconomics, 8(3), pp.42-76, July 2016
[Working Paper Version] [Replication Code]
What are the Odds? Options-Based Forecasts of FOMC Target Changes
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 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:
