Research
Working Papers
The Macroeconomic Effects of Cash Transfers: Evidence from Brazil (December 2023) (with Arthur Mendes, Wataru Miyamoto, Steven Pennings, and Leo Feler)
How Oil Shocks Propagate: Evidence on the Monetary Policy Channel (December 2023) (with Wataru Miyamoto and Dmitriy Sergeyev)
Changing Global Input-Output Linkages and Demand Spillovers (March 2024) (with Wataru Miyamoto) R&R at the IMF Economic Review
Work in Progress
Transmission of Shocks across Countries through Heterogenous Sectors (with Wataru Miyamoto and Chang Sun)
Published and Accepted Papers
International Input-Output Linkages and Changing Business Cycle Volatility (with Wataru Miyamoto) [Online Appendix], Journal of International Economics, Vol. 147, January 2024. [Published version] [Replication files] (This replaces "International Linkages and the Changing Nature of Business Cycles")
In Search of Dominant Drivers of the Real Exchange Rate (April 2023) (with Wataru Miyamoto and Hyunseung Oh), [Online Appendix], forthcoming, Review of Economics and Statistics. [Published version] [Replication files]
The Expectational Effects of News in Business Cycles: Evidence from Forecast Data (with Wataru Miyamoto), Journal of Monetary Economics, Vol 116, December 2020, Pages 184-200. [Published version]
The Effects of Government Spending on Real Exchange Rates: Evidence from Military Spending Panel Data (with Wataru Miyamoto and Viacheslav Sheremirov), Journal of International Economics, Vol. 116, January 2019, Pages 144-157. [Published version] [Online Appendix] [Data and code]
The Effects of Tax Changes at the Zero Lower Bound: Evidence from Japan (with Akihisa Kato, Wataru Miyamoto, and Dmitriy Sergeyev), AEA Papers & Proceedings, Vol. 108, May 2018, Pages 513-18. [Published version]
Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan (with Wataru Miyamoto and Dmitriy Sergeyev), American Economic Journal: Macroeconomics, Vol. 10(3), July 2018, Pages 247-77. [Older version with a model]. [Published version]
Understanding the Cross Country effects of U.S. Technology Shocks (with Wataru Miyamoto), Journal of International Economics, Vol. 106, May 2017, Pages 143-164. [Published version]
Business cycle in small open economies: Evidence from panel data between 1900 and 2013 (with Wataru Miyamoto), International Economic Review, Vol. 58, Issue 3, August 2017, Pages 1007-1044. [Published version] [Data and code]
Other Publications
Discussion of "Regional Data in Macroeconomics: Advice for Practitioners" by Gabriel Chodorow-Reich, prepared for the Journal of Economic Dynamic and Control special issue "Disaggregate Data and Macroeconomic Models", Vol. 115, June 2020. [Published version]