Research

Working papers

Credit Lines and Bank Risk

US Public Debt and Safe Asset Market Power with Rishabh Kirpalani & Diego Perez, Journal of Political Economy, Accepted

The Effects of Treasury Debt on Bank Lending and the Economy with Roberto Robatto

Published papers

Exorbitant Privilege and the Sustainability of US Public Debt with Duong Dang, Rishabh Kirpalani & Diego Perez, AEA Papers and Proceedings (2024) 114:143-147

VoxEU Column

The Secular Decrease in UK Safe Asset Market Power with Duong Dang, Rishabh Kirpalani & Diego Perez, AEA Papers and Proceedings (2023) 113:120-124

Optimal Monetary Policy Regime Switches with Andrew Foerster, Review of Economic Dynamics (2021) 42:333-346

Policy articles

Monetary Policy Stance is Tighter than Federal Funds Rate

with Taeyoung Doh, Andrew Foerster & Zinnia Martinez, Federal Reserve Bank of San Francisco Economic Letters 2022-30, November 7, 2022

Proxy Funds Rate Data Page

The Changing Input-Output Network Structure of the U.S. Economy

with Andrew Foerster, Federal Reserve Bank of Kansas City Economic Review 102(2), Second Quarter 2017, 23-49

Measuring the Stance of Monetary Policy on and off the Zero Lower Bound

with Taeyoung Doh, Federal Reserve Bank of Kansas City Economic Review 101(3), Third Quarter 2016, 5-24

Consumption Growth Regimes and the Post-Financial Crisis Recovery

with Andrew Foerster, Federal Reserve Bank of Kansas City Economic Review 101(2), Second Quarter 2016, 25-48