PUBLICATIONS

Divisia Monetary Aggregates with Unobserved Assets (with Apostolos Serletis), accepted in Macroeconomic Dynamics (2026).

Productivity Gains from International Trade in Young and Old Economies (with M. Jahangir Alam), Journal of Macroeconomics (2026).

The U.S. Treasury Term Premia in a Low Interest Rate Regime (with Phuong Ngo), Journal of Financial Econometrics (2024).

Dispersion in News Sentiment and Corporate Bond Returns (with Xiaoling Pu), International Review of Financial Analysis 89 (2023).

Multiplicity in New Keynesian Models (with Phuong Ngo), Open Economies Review 33 (2022).

User Costs, the Financial Firm, and Monetary and Regulatory Policy (with Apostolos Serletis), Macroeconomic Dynamics 24 (2020).

Variance Decomposition Analysis for Nonlinear Economic Models (with Phuong Ngo), Oxford Bulletin of Economics and Statistics (2020).

Banking Technology in a Markov Switching Economy (with Apostolos Serletis), Journal of Macroeconomics 59 (2019).

Inflation Volatility with Regime Switching (with Phuong Ngo), Oxford Bulletin of Economics and Statistics 81 (2019).

The Impact of Firm-level Political Risk on Creditor Control (with Xiaoling Pu), Journal of Fixed Income 29 (2019).

Stochastic Volatility Demand Systems (with Apostolos Serletis), Econometric Reviews 36 (2017).

WORKING PAPERS

Monetary Policy, Procyclical Inflation, and Corporate Yields (with Phuong Ngo).

Presented: Northeast Ohio Economics Workshop 2023

What Do CDO Tranche Spreads Tell Us About Credit Availability and Credit Rating Standards? (with Alexander David).

Previous title: "Credit Ratings, Credit Crunches, and the Pricing of Collateralized Debt Obligations" and "Bayesian Persuasion in Credit Ratings, the Credit Cycle, and the Riskiness of Structured Debt".

Presented: Northern Finance Association 2023, Midwest Finance Association 2019, Kent State University’s Firestone Lecture Series 2017, Fixed Income and Financial Institutions 2016, European Finance Association 2015, Canadian Economic Association 2014, Alberta Finance Institute Conference 2014

Disagreement about Monetary Policy and the Equity Term Structure (with Hamilton Galindo Gil and Phuong Ngo).