Research
Working Papers
The Macroeconomic Effects of Cash Transfers: Evidence from Brazil (Leo Feler, Arthur Mendes, Thuy Lan Nguyen and Steven Pennings)
How Oil Shocks Propagate: Evidence on the Monetary Policy Channel (with Thuy Lan Nguyen and Dmitriy Sergeyev) R&R at AER
Transmission of Shocks across Countries through Heterogeneous Sectors (with Thuy Lan Nguyen and Chang Sun)
Work in Progress
International Business Cycles in a Heterogeneous Agent New Keynesian Model (with Seungki Hong and Thuy Lan Nguyen)
Published and Accepted Papers
Changing Global Input-Output Linkages and Demand Spillovers [published version] (with Thuy Lan Nguyen)
IMF Economic Review, vol. 72(3), pages 1125-1151, September 2024.
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),
Review of Economics and Statistics, 107(4), 1059-1073, July 2025.
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] [older version with a model] (with Thuy Lan Nguyen and Dmitriy Sergeyev)
American Economic Journal: Macroeconomics, Vol. 10(3), July 2018, Pages 1-32.
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