Government Spending Multipliers under Zero Lower Bound: Evidence from Japan (with Wataru Miyamoto and Thuy Lan Nguyen)

    Revise and resubmit at the American Economic Journal: Macroeconomics.

Financial Shocks and Job Flows (with Neil Mehrotra)

Optimal Macroprudential and Monetary Policy in a Currency Union

Financial Integration and Financial Instability

Sectoral Shocks, the Beveridge Curve and Monetary Policy (with Neil Mehrotra)

Published and Forthcoming Papers

Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence (with Emi Nakamura and Jon Steinsson)

    American Economic Journal: Macroeconomics, 9(1), 1-39, January 2017.

    Web Appendix: Figure A.1 -- Data and Programs

Work in Progress

Quantitative Easing without Rational Expectations (with Luigi Iovino)  [draft coming soon]