I serve as a Senior Economist at the Federal Reserve Board's Office of Policy Effectiveness and Assessment.  These pages summarize my academic research and related work. The opinions expressed in this work are mine and that of my co-authors and not necessarily those of the Federal Reserve or other employers past or present. 

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Current Research Interests

  • Primary: Macroeconomics, Consumption, Saving, Production, Employment, and Investment (E2)
  • Secondary: Financial Economics, Financial Institutions and Services (G2)

Research Statement

My research program in macroeconomics and finance focuses on three areas: interactions between finance and the real economy, the business cycle, and corporate finance. My work explores this agenda with computational, econometric, and analytic tools with a concentration on bank regulation and systemic and macroprudential risk management in housing, housing finance, and consumer credit. My current projects include the employment effects of the Paycheck Protection Program, the evolution of the sources of bank funding, the health of the US Treasury bond markets in March 2020, and the consumption responses to the COVID-19 shock.