Welcome to my personal homepage. I am a Research Advisor in the Monetary Analysis Directorate of the Bank of England. All views expressed on this site are my own. My research interests include macroeconomics, monetary policy, fiscal-monetary interactions, optimal learning, and applied econometrics. I am also an Associate Editor at Economica

My CV can be found here.

An auction-based sovereign debt restructuring mechanism

Working papers

1. Monetary policy along the yield curve: why can central banks affect long-term real rates? (with Paul Beaudry and Paolo Cavallino)

2. Battle of the markups: conflict inflation and the aspirational channel of monetary policy transmission (with Rick van der Ploeg)

3. Forecast accuracy and efficiency at the Bank of England -- and how errors can be leveraged to do better (with Derrick Kanngiesser) -- link to associated dataset containing BoE forecast vintages and errors

4. Evaluating the impact of non-financial IMF programs using the Synthetic Control Method (with Monique Newiak)

Recent publications

1. Revisiting the Monetary Transmission Mechanism through an Industry-Level Differential Approach (with Sangyup Choi and Seung Yong Yoo),  Journal of Monetary Economics, 145, 2024. 

2. About a rate of (general) interest: how monetary policy transmits (with Natalie Burr), Bank of England Quarterly Bulletin, 64, July 2024. 

3. Investor Sentiment, Sovereign Debt Mispricing, and Economic Outcomes (with Ramzy Al-Amine), Economic Journal, 133, 2023. 

4. Sovereign Debt Sustainability and Central Bank Credibility (with Jeromin Zettelmeyer), Annual Review of Financial Economics, 14, 2022

5. On the Macroeconomic Consequences of Over-Optimism (with Paul Beaudry), American Economic Journal: Macroeconomics, 14, 2022.

6. What Do Monetary Contractions Do? Evidence From Large Tightenings, Review of Economic Dynamics, 38, 2020. 

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.