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Photo: Prague Macro Conference, "A Dynamic Economic & Monetary Union"
As a frequent visitor of central banks and international institutions, I conduct research that is academically rigorous, analytically tractable and policy relevant.
Publications
The Financial Accelerator and the Optimal State-Dependent Contract, with M. Dmitriev.
Review of Economic Dynamics, Volume 24, March 2017, Pages 43 - 65
Bank of Canada Paper Prize, Canadian Economic Association
Optimal Fiscal Transfers in a Monetary Union, with M. Dmitriev.
Journal of International Economics, Volume 117, March 2019, Pages 91-108
Optimal Price Stability in Small Open Economies: Producer Currency Pricing, with M. Dmitriev.
International Journal of Central Banking, Volume 68, June 2021.
Working Papers
A New Test of Fiscal Dominance and Central Bank Independence, with C. de Resende. Submitted.
New Criteria for Optimal Currency Areas. Revise & Resubmit.
The Great Moderation: China's Impact on Global Inflation. Submitted.
Exchange Rate Policy, Competitiveness and Welfare. Submitted.
Fiscal Dominance in Emerging Market and Developing Economies, with C. de Resende.
Fiscal Dominance, Inflation and Welfare, with C. de Resende and N. Rebei.
The Optimal Design of a Fiscal Union, with M. Dmitriev.
Collateral Constraints and State-Contingent Contracts, with M. Dmitriev.
Work In Progress
Fiscal Dominance in the Euro Area: Credibility or Crisis?
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