Working Papers
"Subcontracting in Federal Spending: Macro and Micro Implications," with Geumbi Park and Xiaoqing Zhou, August 2025
"Treasury Supply Shocks: Propagation through Debt Expansion and Maturity Adjustment," with Huixin Bi and Maxime Phillot, May 2025.
"Revisiting the Interest Rate Effects of Debt," with Michael Plante and Alexander Richter, updated July 2025 (NBER Working Paper 34018 )
Related policy publication: "How sensitive are interest rates to higher federal debt?" with Michael Plante and Alexander Richter, Dallas Fed Economics, August 2025
Coverage: Brookings Hutchins Roundup, Macro Roundup, Marginal Revolution, The Daily Spark, Central Banking
"Innovation During Challenging Times: Patent Based Innovation Shocks and Business Cycle Dynamics," with Marija Vukotić and Danilo Cascaldi-Garcia, updated July 2025