- “On the Mechanics of New-Keynesian Models,” with Peter Rupert, Journal of Monetary Economics, Vol. 101, January 2019. (article)
- "Mortgages and Monetary Policy," with Carlos Garriga and Finn E. Kydland, Review of Financial Studies, vol. 30 (10), pages 3337-3375, 2017, lead article. (article)
- VoxEU column "The costs of interest rate liftoff for homeowners: Why central bankers should focus on inflation"
- A short version for Catalan magazine Mon Empresarial " La connexió entre la política monetària i les hipoteques"
- "Housing Dynamics over the Business Cycle," with Finn E. Kydland and Peter Rupert, International Economic Review, vol. 57(4), pages 1149-1177, 2016. (article)
- "Globally correlated nominal fluctuations," with Espen Henriksen and Finn E. Kydland, Journal of Monetary Economics, vol. 60(6), pages 613-631, 2013. (article)
- VoxEU.org column "Independent Monetary Policies, Synchronised Outcomes"
- "Plant-level nonconvex output adjustment and aggregate fluctuations," Journal of Monetary Economics, vol. 58(4), pages 400-414, 2011. (article)
- "Monetary Business Cycle Accounting," Review of Economic Dynamics, vol. 14(4), pages 592-612, October, 2011. (article)
- "Monetary aggregates and the business cycle," Journal of Monetary Economics, vol. 57(4), pages 451-465, May, 2010. (article)
Earlier WP versions of published papers are available here.
- "MoNK: Mortgages in New-Keynesian Models" with Carlos Garriga and Finn Kydland (draft coming soon)
- An early version of the paper was circulated under the title "Nominal Rigidities in Debt and Product Markets"
- VoxEU column Persistently low rates and monetary transmission
- "Risk and Inflation Dynamics" with Espen Henriksen and Stan Zin (draft coming soon)
Courses I teach or have taught in the past few years
- Recursive Methods. First-year PhD course at Queen Mary. Covers the basics of recursive methods: Markov processes, dynamic programming, recursive competitive equilibrium, and promised utility. Discusses the issues of existence, uniqueness and convergence and problems with both continuous and discrete variables. Theoretical concepts are accompanied by computational methods.
- Business Cycles. Third-year undergraduate course at Queen Mary. Using a two- or three- period OLG models with simple functional forms, the course introduces students to economic dynamics in general equilibrium. Topics covered include monetary equilibria, efficiency, real business cycle theory, housing and the business cycle, government debt sustainability, and basics of bond pricing and yield curve dynamics over the business cycle.
- Macro and Housing. Second-year PhD macro topics course at London School of Economics. The aim is to get students quickly to the frontier of research on the macroeconomic aspects of housing. The course covers three areas, focusing on the main research questions, tools, data, and some recent papers: i) housing and the business cycle, ii) tenure, mortgage, and portfolio choice, and iii) housing and monetary policy.
- Monetary Economics. MSc level course at London School of Economics. Starts with a basic RBC model and in a one-thing-at-a-time fashion introduces inflation and the nominal interest rate, commodity prices, taxes, sticky prices, sticky wages, and a banking sector with inside and outside money. Concludes with the basics of dynamic asset pricing theory and models of the term structure of interest rates. The aim is to provide an insight into the equilibrium effects of the various features of typical DSGE models without requiring the students to use any computational methods.
Links to research centres I am affiliated with or frequently visit