working papers

A Ridge-Regularised Jackknifed Anderson-Rubin Test

November 2023, arXiv preprint 2209.03259. Accepted for publication at the Journal of Business and Economic Statistics

with Max-Sebastian Dovì and Anders Kock (Oxford)


Testing the effectiveness of unconventional monetary policy in Japan and the United States

November 2023. arXiv version. Accepted for publication at AEJ: Macroeconomics

with Daisuke Ikeda (Bank of Japan), Shangshang Li (Oxford) and Francesco Zanetti (Oxford)

(previous version: "Econometric Analysis of Monetary Policy at the Zero Lower Bound")


Coherence without Rationality at the Zero Lower Bound

October 2023. arXiv version. Accepted for publication at the Journal of Economic Theory

with Guido Ascari (DNB and Pavia), and Nigel McClung (Bank of Finland)


Stationarity with Occasionally Binding Constraints

July 2023. arXiv preprint 2307.06190.

with James Duffy (Oxford) and Sam Wycherley (Stanford)


Cointegration with Occasionally Binding Constraints

July 2023. arXiv preprint 2211.09604.

with James Duffy (Oxford) and Sam Wycherley (Stanford)


A Powerful Anderson-Rubin Test in Linear Instrumental Variables Regression with Conditional Heteroskedasticity

October 2022. arXiv version. Published version

with Patrik Guggenberger (Penn State) and Frank Kleibergen (University of Amsterdam)


Empirical Evidence on the Euler equation for Investment in the US

August 2022. arXiv version. Conditionally accepted at the Journal of Applied Econometrics

with Guido Ascari (DNB and Pavia), Qazi Haque (Adelaide) and Leandro Magnusson (UWA)


The unbearable lightness of equilibria in a low interest rate environment

January 2022. arXiv version. replication code Published version

with Guido Ascari (DNB and Pavia)

(previous version: "Testing for multiplicity of equilibria in a low interest rate environment")


A test for Kronecker Product Structure Covariance Matrix

March 2022. arXiv version. replicaiton codePublished version

with Patrik Guggenberger (Penn State) and Frank Kleibergen (University of Amsterdam)


Identification at the Zero Lower Bound

May 2021. arXiv version, replication code. Published version

Empirical evidence on the Euler Equation for consumption in the U.S.
September 2019. Published version, supplement, data.
with Guido Ascari (Oxford) and Leandro Magnusson (UWA) 

A more powerful subvector Anderson Rubin test in linear instrumental variable regression
March 2019. Published version, supplement, replication code.
with Patrik Guggenberger (Penn State) and Frank Kleibergen (University of Amsterdam)

Robust inference in structural VARs with long-run restrictions
January 2019. Published version, Online supplement, data.
with Guillaume Chevillon (ESSEC) and Zhaoguo Zhan (Kennesaw State) 

Perpetual Learning and Apparent Long Memory
November 2017. Published version, Online supplement, data.
with Guillaume Chevillon (ESSEC)

Learning can generate Long Memory
December 2016. Published version, Online supplement, data.
with Guillaume Chevillon (ESSEC)
(previous version: "Learning generates Long Memory", November 2011) 

Bargaining and wage rigidity in a matching model for the US
October 2016. Published version
with Jim Malcomson (Oxford University)

Empirical evidence on inflation expectations in the new Keynesian Phillips curve
November 2013. Published version, Online supplement
with Mikkel Plagborg-Moller and Jim Stock (Harvard University)

Nash Bargaining, credible bargaining and efficiency wages in a matching model for the US
October 2010 (repec link)
with Jim Malcomson (Oxford University)

Inference on subsets of parameters in GMM without assuming identification
November 2009.
with Frank Kleibergen (Brown University)

Matching frictions, efficiency wages and unemployment in the USA and the UK
February 2007 (repec link)
with Jim Malcomson (Oxford University)

Testing the new Keynesian Phillips curve without assuming identification
May 2006 (repec link)

Conditional inference in the cointegrated vector autoregressive model
February 2006
with Kees Jan van Garderen (University of Amsterdam)

Old stuff:

Econometric Issues in Forward-Looking Monetary Models (DPhil thesis, 2002)

Identification and Mis-specification Issues in Forward-Looking Monetary Models
August 2001. (Presented at METU Economics Conference, Ankara 2001)