Welcome to my personal homepage. I am an economist 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 a guest lecturer at the London School of Economics, teaching a third-year undergraduate course in monetary economics. 

My CV can be found here.

An auction-based sovereign debt restructuring mechanism

Working papers

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

2. Revisiting the Monetary Transmission Mechanism through an Industry-Level Differential Approach (with Sangyup Choi and Seung Yong Yoo). R&R at the Journal of Monetary Economics

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

Recent publications

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

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

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

5. A note on optimal experimentation under risk aversion, Journal of Economic Theory, 179, 2019 (with Godfrey Keller and Vladimir Novak). 

6. 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).

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.