Publications:
Liquidity Constraints in the U.S. Housing Market
Review of Economic Studies, 89(3), 1120-1154 (2022)
with Corina Boar and Virgiliu Midrigan
Working Paper NBER WP Appendix Replication package
The Euro Area Sovereign Debt Crisis: Can Contagion Spread from the Periphery to the Core?
International Review of Economics & Finance, 30, 78-100 (2014)
with Deyan Radev
Working Paper Replication package
Working Papers:
House Price Responses to Monetary Policy Surprises: Evidence from the U.S. Listings Data (2025)
with Oleksiy Kryvstov and Marianna Kudlyak
CEPR WP BIS WP VoxEU FRBSF Economic Letter SSRN
Media mentions: Yahoo Finance
How Do Quantitative Easing and Tightening Affect Firms? (2025)
with Egemen Eren and Daojing Zhai
SSRN
Nonbank Lending and the Transmission of Monetary Policy (2025)
Accepted, Review of Financial Studies
with Dominic Cucic
SSRN BIS WP SUERF Policy Brief
Why Are Returns to Private Business Wealth So Dispersed? (2025)
Revise and resubmit, American Economic Review
with Corina Boar and Virgiliu Midrigan
NBER WP
Work in Progress:
The Exchange Rate Channel of Monetary Policy
with Dominic Cucic
Housing Supply Elasticities Across Time and Space and Media Sentiment Towards New Supply
with Boris Hofmann, Deniz Igan and Jaeyeon Lee
Policy Papers:
Investment in an Increasingly Uncertain Global Landscape
Bank for International Settlements Bulletin, No. 103 (2025)
with Matthias Burgert, Michael Chui and Fabrizio Zampolli
Media mentions: Financial Times
Monetary Policy and Housing Markets: Insights Using a Novel Measure of Housing Supply Elasticity
Bank for International Settlements Quarterly Review, December (2024)
with Ryan Banerjee, Deniz Igan and Gabor Pinter
Media mentions: The Economist
Housing Costs: A Final Hurdle in the Last Mile of Disinflation?
Bank for International Settlements Bulletin, No. 89 (2024)
with Ryan Banerjee, Deniz Igan and Gabor Pinter
The Effect of EIB Operations on Private Sector Lending Outside the European Union
European Investment Bank Working Paper, No. 3 (2023)
with Matteo Gatti and Andrea F. Presbitero
A Plan for How to Rehouse the Ukrainian Refugees and Internally Displaced (2023)
UUKi Report on Ukraine's Road to Recovery
Market Concentration and the Danish Rental Market
Danmarks Nationalbank Economic Memo, No. 5 (2022)
with Per Andersen and Thomas Krause
Nonbanks, Credit Provision and the Transmission of Monetary Policy in Denmark
Danmarks Nationalbank Economic Memo, No. 8 (2021)
with Dominic Cucic
Nowcasting and Forecasting Economic Activity in Denmark Using Payment System Data
Danmarks Nationalbank Working Paper, 177 (2021)
with Kristian Nørgaard Bentsen
Leaning Within a Flexible Inflation Targeting Framework: Review of Costs and Benefits
Bank of Canada Staff Discussion Papers, 17 (2016)
with Oleksiy Kryvtsov and Tamon Takamura
Dormant Papers:
Catch Me If You Can: U.S. Tax Treaties and Shifts in Offshore Investments
Replication package (includes the IRS data on incomes in tax havens and the TIC data on assets in tax havens)