Central Bank Balance Sheet Policies without Rational Expectations (with Luigi Iovino)

Financial Shocks, Firm Credit and the Great Recession (with Neil Mehrotra)

    supersedes earlier version Financial Shocks and Job Flows 

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

The Effects of Tax Changes at the Zero Lower Bound: Evidence from Japan (with Akihisa Kato, Wataru Miyamoto, and Thuy Lan Nguyen)

    AEA Papers and Proceedings, forthcoming.

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

    American Economic Journal: Macroeconomics, forthcoming.

    Older version containing a model (April 2017)

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