WORKING PAPERS
"A Model of Expenditure Shocks" (with D. Murphy, K. Walsh, and E. Young) [Slides] (Conditionally Accepted at the Journal of Monetary Economics)
"A $100,000 Marshmallow Experiment: Withdrawal and Spending Responses to Early Retirement-savings Access" [Slides] (with S. Hamilton, G. Liu, and T. Sainsbury) (Reject and Resubmit at the American Economic Review)
"Service Trade, Regional Specialization, and Welfare" (with Yuancheng Han and Satoshi Tanaka) (Revise and Resubmit at the Journal of International Economics)
"Trade Credit and Sectoral Comovement during US Recessions" (with Gang Zhang) (Revise and Resubmit at The Economic Journal)
"Monetary Policy Transmission through Commodity Prices" (A. Pescatori, E. Prifti, and G. Verduzco-Bustos) [IMF Working Paper] [VoxEU] (Submitted)
"Beyond Energy: Inflationary Effects of Metals Price Shocks in Production Networks" (with A. Pescatori, M. Stuermer, and X. Wang) [Slides] [VoxEU]
WORK IN PROGRESS
"Firm-to-firm Price Rigidity within a Network" (with Alvaro Castillo, Luis F. Cespedes and Javier Turen)
"Factor Augmented Network Vector Autoregression" (A. Furkan, J. Morley, V. Panchenko, and C. Rose)
"Understanding macroeconomic fluctuations with unobserved networks", 2022-2024, ARC Discovery Project, $199,649, Chief investigator (with James Morley, Valentyn Panchenko, and Chris Rose)
PUBLICATIONS
"Commodity Prices and Production Networks in Small Open Economies" (with P. Caraiani, J. Olaya, and Alvaro Silva) Journal of Economic Dynamics and Control. Volume 168, November 2024, 104968 [Working paper version]
"Production Network Diversification and Economic Development" (with José Gloria and David Fleming-Muñoz). Journal of Economic Behavior and Organization. Volume 218, February 2024, 281-295. [Working paper version] [Replication Files]
"Business Cycle Asymmetry and Input-Output Structure: The Role of Firm-to-Firm Networks" (with A. Silva and E. Young) Journal of Monetary Economics. Volume 137, July 2023, Pages 1-20. [Working paper version]
"Saving Constraints, Inequality, and the Credit Market Response to Fiscal Stimulus" (with D. Murphy, K. Walsh, and E. Young). European Economic Review. Vol. 151, January 2023, pages 104355. [Working paper version] [Replication files]
"Flexibility and Frictions in Multisector Models" (with E. Young). American Economic Journal: Macroeconomics. Vol. 14, No. 3, July 2022. [Working paper version] [Replication files]
"Production Network Structure, Service Share, and Aggregate Volatility." Review of Economic Dynamics. Volume 39, January 2021, Pages 146-173 [Working paper version] [Replication files]
"A Granular View of the Australian Business Cycle" (with Yuanting Shen). Economic Record, vol. 95, No. 311, December, 2019, 407–424. [Working paper version]
"Comparing Dynamic Multisector Models" (with Eric Young) Economics Letters 181(2019), 28-32. [Working paper version] [Online Appendix] [Replication files]
"A Note on Optimal Sectoral Policies in Production Networks" Economics Letters 172(2018), 152-156. [Working paper version] [Online Appendix]
PRE-PHD PUBLICATIONS
PhD Dissertation
Production Networks and Aggregate Fluctuations: Evidence, Theory, and Policy (Link)
University of Virginia, April 2017