“Elephants in Equity Markets” (with Hélène Rey, Adrien Rousset Planat, and Vania Stavrakeva), July 2024. NBER Working Paper 32756, CEPR Discussion Paper No. 19284.
“Interest Rate Surprises: A Tale of Two Shocks” (with Ricardo Nunes and Ali Ozdagli) Updated Apr 2024.
“Individual Beliefs, Demand for Currency, and Exchange Rate Dynamics” (with Vania Stavrakeva), March 2020. CEPR Discussion Paper No. 20321.
“A Fundamental Connection: Exchange Rates and Macroeconomic Expectations” (with Vania Stavrakeva), Forthcoming. Review of Economics and Statistics. Local copy. Boston Fed 2020 working paper.
“The Dollar During the Great Recession: The Information Channel of US Monetary Policy and the Flight to Safety” (with Vania Stavrakeva), Forthcoming. Journal of Finance.
“Inflation Levels and (In)attention” (with Anat Bracha), 2025. The Review of Economic Studies, 92(3), 1564–1594. Boston Fed 2019 working paper.
“Explaining the Great Moderation Exchange Rate Volatility Puzzle” (with Vania Stavrakeva), 2025. IMF Economic Review, 73(1), 196–238. Local copy. Boston Fed 2024 working paper.
“The mitigating effect of masks on the spread of Covid-19” (with Daniel Cooper, Vaishali Garga, and María J. Luengo-Prado), 2023. Economics & Human Biology 48, Article No. 101195.
“News-Driven Uncertainty Fluctuations” (with Dongho Song), 2022. Journal of Business & Economic Statistics , 1-15. Online Appendix
“Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy” (with Alberto Cavallo, Gita Gopinath, and Brent Neiman), 2020, American Economic Review: Insights, 3 (1): 19-34. Featured in WSJ Real Time Economics, The New York Times, The Financial Times, IMF Blog, HBS Working Knowledge, CNN (Jake Tapper's State of the Union), BBC News, and Forbes.
"Comment on “The long-run information effect of Central Bank communication” by Stephen Hansen, Michael McMahon, and Matthew Tong," 2019, Journal of Monetary Economics, 108(C): 203-210.
“Small and Medium-sized Businesses' Expectations Concerning Tariffs, Costs, and Prices” (with Philippe Andrade, Alexander M. Dietrich, John Leer, Raphael S. Schoenle, and Egon Zakrajšek), 2025. Federal Reserve Bank of Boston Current Policy Perspectives No. 25-7.
“Parsing Out the Sources of Inflation” (with Danilo Leiva-León, Viacheslav Sheremirov, and Egon Zakrajšek), 2025. Federal Reserve Bank of Boston Current Policy Perspectives 25-5.
“The Roles of Mobility and Masks in the Spread of COVID-19” with Daniel Cooper, Vaishali Garga, and María José Luengo-Prado. 2020. Federal Reserve Bank of Boston Current Policy Perspectives. December 18, 2020.
“FOMC Communication and Interest Rate Sensitivity to News,” Jan 2019.
“Exchange Rates and Monetary Policy” (with Vania Stavrakeva), Oct 2015. Previously circulated as “Short Run Exchange Rates and Yields: The Importance of Monetary Policy Shocks”.
“Uncertainty and the Signaling Channel of Monetary Policy,” Apr 2015.