Research
Working Papers
The Macroeconomic Effects of Cash Transfers: Evidence from Brazil (December 2023) (with Arthur Mendes, Wataru Miyamoto, Steven Pennings, and Leo Feler)
How Oil Shocks Propagate: Evidence on the Monetary Policy Channel (December 2023) (with Wataru Miyamoto and Dmitriy Sergeyev)
R&R at AER
Transmission of Shocks across Countries through Heterogenous Sectors (with Wataru Miyamoto and Chang Sun)
International Business Cycles in a Heterogeneous Agent New Keynesian Model (with Seungki Hong and Wataru Miyamoto)
Published Papers
In Search of Dominant Drivers of the Real Exchange Rate (April 2023) (with Wataru Miyamoto and Hyunseung Oh), [Online Appendix] [Published version] [Replication files]
Review of Economics and Statistics, 107(4), 1059-1073, July 2025.
IMF Economic Review, vol. 72(3), pages 1125-1151, September 2024.
International Input-Output Linkages and Changing Business Cycle Volatility (with Wataru Miyamoto) [Online Appendix] [Published version] [Replication files]
Journal of International Economics, Vol. 147, January 2024.
The Expectational Effects of News in Business Cycles: Evidence from Forecast Data (with Wataru Miyamoto)
Journal of Monetary Economics, Vol 116, December 2020, Pages 184-200. [Published version]
The Effects of Government Spending on Real Exchange Rates: Evidence from Military Spending Panel Data (with Wataru Miyamoto and Viacheslav Sheremirov) [Published version] [Online Appendix] [Data and code]
Journal of International Economics, Vol. 116, January 2019, Pages 144-157.
The Effects of Tax Changes at the Zero Lower Bound: Evidence from Japan (with Akihisa Kato, Wataru Miyamoto, and Dmitriy Sergeyev), [Published version]
AEA Papers & Proceedings, Vol. 108, May 2018, Pages 513-18.
Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan (with Wataru Miyamoto and Dmitriy Sergeyev), [Older version with a model]. [Published version]
American Economic Journal: Macroeconomics, Vol. 10(3), July 2018, Pages 247-77.
Understanding the Cross Country effects of U.S. Technology Shocks (with Wataru Miyamoto) [Published version]
Journal of International Economics, Vol. 106, May 2017, Pages 143-164.
Business cycle in small open economies: Evidence from panel data between 1900 and 2013 (with Wataru Miyamoto), [Published version] [Data and code]
International Economic Review, Vol. 58, Issue 3, August 2017, Pages 1007-1044.
Other Publications
Discussion of "Regional Data in Macroeconomics: Advice for Practitioners" by Gabriel Chodorow-Reich, [Published version]
Journal of Economic Dynamic and Control special issue "Disaggregate Data and Macroeconomic Models", Vol. 115, June 2020.