Welcome to my personal homepage. I am an economist at the International Monetary Fund. All views expressed on this site are my own and do not necessarily reflect the position of the International Monetary Fund. My research interests include macroeconomics, monetary policy, political economics, learning, optimal experimentation, and applied econometrics.

My CV can be found here.
An auction-based sovereign debt restructuring mechanism
  • Please see this paper for a description of a proposal for an auction-based debt restructuring mechanism. The process can be simulated via this online application (see footnote 25 of the aforementioned paper for login details). A first, initial version of the proposal originally appeared on VoxEU
  • A short 6-minute video explaining the idea can be found on YouTube
  • A simple Excel workbook containing an example of how the market clearing process works, can be found here
Recent publications
1. On the Macroeconomic Consequences of Over-Optimism (with Paul Beaudry), American Economic Journal: Macroeconomics, forthcoming. 
        - Selected media coverage: The Wall Street JournalThe Economist.
2. What Do Monetary Contractions Do? Evidence From Large TighteningsReview of Economic Dynamics, 38, 2020. 
        Replication material (including contraction dummies)
3. A note on optimal experimentation under risk aversion, Journal of Economic Theory, 179, 2019 (with Godfrey Keller and Vladimir Novak). 
4. The benefits of forced experimentation: striking evidence from the London underground network, Quarterly Journal of Economics, 132 (4), 2017 (with Shaun Larcom and Ferdinand Rauch).
       Replication material
        YouTube animation of paper (made by Econimate). 
        Podcast  discussion in "Cautionary Tales" by Tim Harford. 
        - Podcast  discussion in "Freakonomics" by Stephen Dubner. 
5. Dissecting Fiscal Multipliers under the Fiscal Theory of the Price Level, European Economic Review, 95, 2017 (with Peder Beck-Friis).
Book chapters
1. Debt Sustainability (with Xavier Debrun, Jonathan Ostry, and Charles Wyplosz), in: Ali Abbas, Alex Pienkowski, and Kenneth Rogoff (eds.), Sovereign Debt: A Guide for Economists and Practitioners, Oxford University Press, 2019.