Policy Publications
(9) How Many Rate Hikes Does Quantitative Tightening Equal?, Policy Hub (2022-11), July 2022.
(8) Global Financial Risk Factors and Sovereign Risk, joint with Simon Gilchrist, Vivian Yue, and Egon Zakrajsek, VoxEU, February 2022.
(7) Atlanta Fed Conference Investigates Inequalities in the Financial System, joint with Kristopher Gerardi and Feng Zhao, macroblog, December 2021.
(6) The Term Structure of the Excess Bond Premium: Measures and Implications, joint with Simon Gilchrist, Vivian Yue, and Egon Zakrajsek, Policy Hub no. 2021-12, September 2021.
(5) The Federal Reserve's Liquidity Backstops to the Municipal Bond Market during the COVID-19 Pandemic, joint with Vivian Yue, Policy Hub no. 2020-05, May 2020.
(4) China’s Two-Pillar Policy for the Renminbi, joint with Urban Jermann and Vivian Z. Yue, Notes from the Vault, September 2018.
(3) Are Long-term Inflation Expectations Declining? Not So Fast, Says Atlanta Fed, joint with Nikolay Gospodinov and Paula Tkac, macroblg, January 2016.
Covered in Financial Times, “Investors Betting on Higher Inflation Enjoy the Ride”, April 11, 2016.
Covered in Financial Times, “Alarm Bells Ring Louder Over US Inflation”, January 20, 2016.
(2) Liquidity Backstops and Dynamic Debt Runs, joint with Vivian Z. Yue, Notes from the Vault, June 2015.
(1) A Note on Extracting Inflation Expectations from Market Prices of TIPS and Inflation Derivatives, joint with Nikolay Gospodinov, November 2015.
See also Forecasts of Inflation and Interest Rates in No-Arbitrage Affine Models (with Nikolay Gospodinov)