Research
Research interests
Macroeconomic Theory, Fiscal and Monetary Policy, Monetary Union, Financial Intermediation
Publications
The Central Bank Strikes Back! Credibility of Monetary Policy under Fiscal Influence, with Dmitry Matveev - [PDF] - [Slides] - [Print]
The Economic Journal Jan 2023 (formely Bank of Canada Staff Working Paper 2022-11)
Non technical presentation: SUERF Policy Brief
Political Activism and the Provision of Dynamic Incentives, with Russell Cooper- [PDF] - [Slides] - [Print]
The Economic Journal Oct 2021 (formerly: NBER Working Paper No. 26654)
Furor over the Fed: A President's Tweets and Central Bank Independence, with Dmitry Matveev - [PDF] - [Print]
CESifo Economic Studies, Volume 67, Issue 1, March 2021 (formerly: Bank of Canada, Staff Analytical Note 2019-33 )
Coverage: Bloomberg, Financial Post.
The Evolution of European Economic Institutions during the COVID-19 crisis, with Gregory Claeys - [PDF] - [Print]
European Policy Analysis, Vol 6.2, December 2020
Monetary Policy and Debt Fragility, with Russell Cooper - [PDF] - [Slides] - [Print]
American Economic Journal: Macroeconomics, vol 11(4), October 2019 (formerly: NBER Working Paper No. 20650)
Public Debt and Fiscal Policy Traps, with Andrew Gimber - [PDF] - [Print]
Journal of Economic Dynamics and Control, vol 93, August 2018
Working Paper
Central Bank Strategic Communication and the Dynamics of Reputation, with Dmitry Matveev - [PDF] - [Slides]
Evaluating the Financial Instability Hypothesis: A Positive and Normative Analysis of Leveraged Risk-Taking and Extrapolative Expectations, with Alejandro Van der Ghote - [PDF] - [Online Appendix] - [Slides] - [SSRN] - submitted
VoxEu - Video Presentation - CRC TR 224 Discussion Paper 431
Fiscal Progressivity and the Time Consistency of Monetary Policy - [PDF] - [Appendix] - December 2022 - 2nd R&R at Journal of Money, Credit and Banking
Available as CRC TR 224 Discussion Paper 387