Macro Research

PUBLICATIONS

"The Coming Rise in Residential Inflation" with Judd Cramer (Harvard University) and Lawrence H. Summers (Harvard University)

Review of Finance, Volume 26, Issue 5, September 2022 (lead article)

NBER Working Paper 29795

Click here for VoxEU  column.

Media: Federal Reserve Board, Wall Street Journal (2x), Washington Post (2x, 3x), Bloomberg (2x), Brookings (2x), Wall Street Week, Yahoo, TheStreet, MarketWatch, Microsoft News, The Unassuming Economist, Calculated Risk, Full Stack Economics

"Comparing Past and Present Inflation" with Judd Cramer and Lawrence H. Summers 

Review of Finance, Volume 26, Issue 5, September 2022

NBER Working Paper 30116

Click here for VoxEU  column.

Media:  The Economist (2x), Wall Street Journal, Bloomberg (2x), Barron's, World Economic Forum, CNBC, Fortune, Foreign Policy, Marginal Revolution, Axios, Yahoo, Markets Insider,  Investing.com, The Australian, Neue Zürcher Zeitung, Seeking Alpha, Estadao, Portafolio, elPeriodico, InformaTVX, Valor Economico, La Nacion, Firstlinks, Institute for New Economic Thinking, Welt, Caixin Media, NZ Herald

Data: here

"Catch-Up Growth and Inter-Industry Productivity Spillovers: Evidence from Trade Data"

The World Bank Economic Review, Volume 38, Issue 2, May 2024, Pages 274–295

Coverage: World Bank Blogs

WORKING PAPERS

"Fiscal R-Star: Fiscal-Monetary Tensions and Implications for Policy" with Jakree Koosakul (IMF) and Neil Shenai (IMF)

IMF Working Paper No. 2024/174

Click here for VoxEU  column.

Media:  Financial Times, Reuters

Listen to the Macro Musings podcast episode.

"A New Dataset of High-Frequency Monetary Policy Shocks" with Sonali Das (IMF) and Bella Yao (IMF)

Submitted.

IMF Working Paper No. 2024/224

"The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly" with Judd Cramer, Karl Oskar Schulz and Lawrence H. Summers 

NBER Working Paper 32163

Click here for VoxEU  column.

Media:  Bloomberg, New York Times (2x, 3x), The Economist, Financial Times, Bloomberg Wall Street Week, Bloomberg Opinion, Barron's, National Public Radio, Fortune, Marginal Revolution, Axios, Plain English, Yahoo Finance, Marketplace Morning Report, Noahpinion, Investopedia, Morningstar, The Business Times, Central Banking, BNN, The Universal News Network, The Ringer, Marketwatch, The Harvard Gazette, Arcamax, BNN Bloomberg, The Mercury News, The Grumpy Economist, Slow Boring, Economic Forces, Forbes, Macro Musings, Chicago Booth Review, American Institute for Economic Research, The Bulwark, The Ezra Klein Show (NYT), Bureau of Labor Statistics, TD Economics, Yale Fair Model

Finance and Development, see also Housing’s Unique Role in Lives and Economies Demands Greater Understanding 

"Fragmentation in Global Trade: Accounting for Commodities" with Jiaqian Chen (IMF) and Benjamin Kett (IMF)

Submitted.

IMF Working Paper No. 2023/073

Analytical Corner, Finance and Development , CEPR eBook

Media: IMF, The Economist, Wall Street Journal, Financial Times (2x), Bloomberg (2x), Foreign Policy, AP News, fDi Intelligence, CNBC, Reuters (2x), Project Syndicate, Al Arabiya, NRC, De Standaard, The Globe and Mail, RTT/Nasdaq, The Hill, Daily News, South China Morning Post (2x), Outlook India, Phenomenal World, International Chamber of Commerce, Mail & Guardian, Economic Times, China Daily, Yahoo

Coverage in IMF products: Georgieva (2023), Gopinath (2023), World Economic Outlook (2023), SDN: Geoeconomic Fragmentation and the Future of Multilateralism (2023), Western Hemisphere Regional Economic Outlook (2023), Sub-Saharan Africa Regional Economic Outlook (2023)

"How the Brady Plan Delivered on Debt Relief: Lessons and Implications" with Neil Shenai 

Accepted, Cambridge University Press.

IMF Working Paper No. 2023/258

Media:  Financial Times

"Global Supply Chain Disruptions: Challenges for Inflation and Monetary Policy in Sub-Saharan Africa " with Zo Adriantomanga (UWM) and Shushanik Hakobyan (IMF)

Submitted.

IMF Working Paper No. 2023/039

Analytical Corner (IMF)

"Financial Linkages and the Global Business Cycle" with Marina M. Tavares (IMF)

Click here for the most recent version. [Online Appendix]

Coverage: Trade Diversion

"Misallocation in Indian Agriculture" with Swapnika Rachapalli (UBC) and Diego Restuccia (University of Toronto and NBER)

R&R at AEJ Macro

NBER Working Paper 29363