Research

Working Papers

• How Oil Shocks Propagate: Evidence on the Monetary Policy Channel (with Thuy Lan Nguyen and Dmitriy Sergeyev) 

• The Macroeconomic Effects of Cash Transfers: Evidence from Brazil (Leo Feler, Arthur Mendes, Thuy Lan Nguyen and Steven Pennings)

• Changing Global Input-Output Linkages and Demand Spillovers (with Thuy Lan Nguyen) R&R at the IMF Economic Review

Work in Progress

• Transmission of Shocks across Countries through Heterogeneous Sectors (with Thuy Lan Nguyen and Chang Sun)

• International Business Cycles in a Heterogeneous Agent New Keynesian Model (with Seungki Hong and Thuy Lan Nguyen)

Published and Accepted Papers

• International Input-Output Linkages and Changing Business Cycle Volatility [online appendix] [published version]

    (with Thuy Lan Nguyen), Journal of International Economics, Vol. 147, January 2024

• In Search of Dominant Drivers of the Real Exchange Rate [online appendix] [replication files]

 (with Thuy Lan Nguyen and Hyunseung Oh), forthcoming, Review of Economics and Statistics

• The Expectational Effects of News in Business Cycles: Evidence from Forecast Data   [published version]

    (with Thuy Lan Nguyen),  Journal of Monetary Economics, Volume 116, December 2020, Pages 184-200

• The Effects of Government Spending on Real Exchange Rates: Evidence from Military Spending Panel Data   [published version] [online appendix] [data and code]

    (with Thuy Lan Nguyen and Viacheslav Sheremirov), Journal of International Economics, Vol. 116, January 2019, Pages 144-157

• Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan   [published version]

    (with Thuy Lan Nguyen and Dmitriy Sergeyev), American Economic Journal: Macroeconomics, Vol. 10(3), July 2018, Pages 1-32. 

    [older version with a model] (April 2017)

• The Effects of Tax Changes at the Zero Lower Bound: Evidence from Japan   [published version]

    (with Akihisa Kato, Thuy Lan Nguyen and Dmitriy Sergeyev), AEA Papers & Proceedings , Vol. 108, May 2018, Pages 513-18. 

• Business Cycles in Small Open Economies: Evidence from Panel Data between 1900 and 2013   [published version]

    (with Thuy Lan Nguyen), International Economic Review, Vol. 58, Issue 3, August 2017, Pages 1007-1044

• Understanding the Cross-Country Effects of U.S. Technology Shocks  [published version]

    (with Thuy Lan Nguyen), Journal of International Economics, Vol. 106, May 2017, Pages 143-164

 Other Works

• ToTEM III: The Bank of Canada's Main DSGE Model for Projection and Policy Analysis 

   (with Paul Corrigan, Hélène Desgagnés, José Dorich, Vadym Lepetyuk, Yang Zhang), Bank of Canada Technical Reports, June 2021