Research
Published/Accepted
Multiplicity in New Keynesian Models (with Maksim Isakin). June 2022. Open Economies Review, Volume 33, pp. 505-521 (2022). [Journal version] [Working Paper]
Variance Decomposition Analysis for Nonlinear Economic Models (with Maksim Isakin). December 2020. The Oxford Bulletin of Economics and Statistics, Volume 82, Issue 6, pp. 1362 - 1374. [Journal Version], [Woking Paper]
Fiscal Multipliers at the Zero Lower Bound: The Role of Government Spending Persistence. Macroeconomic Dynamics, Volume 25 , Issue 4 , June 2021 , pp. 970 - 997. [Journal Version] [Working Paper].
Inflation Volatility with Regime Switching (with Maksim Isakin). May 2019. The Oxford Bulletin of Economics and Statistics, Volume 81, Issue 6, pp. 1362 - 1375. [Journal Version] [Working Paper]
Does Calvo Meet Rotemberg at the Zero Lower Bound? (with Jianjun Miao). Macroeconomic Dynamics, Volume 25 , Issue 4 , June 2021 , pp. 1090 - 1111 [Journal Version] [Working Paper].
The Risk of Hitting the Zero Lower Bound and the Optimal Inflation Target. May 2017. Macroeconomic Dynamics, Vol 22 (2) (March 2018), pp. 402 425. (Published online: 02 May 2017). [Journal Version], [Working Paper]
Household Leverage, Housing Markets, and Macroeconomic Fluctuations. June 2015. Journal of Macroeconomics Vol. 44 (June 2015), p. 191-207. [Journal Version], [Working Paper]
Optimal Discretionary Monetary Policy in a Micro-Founded Model with a Zero Lower Bound on Nominal Interest Rate. August 2014. Journal of Economic Dynamics and Control, Vol. 45 (August 2014), p. 44-65. [Journal Version], [Working Paper]
Habit Formation in State-Dependent Pricing Models: Implications for the Dynamics of Output and Inflation. June 2014. Economics Letters , Vol. 123, Issue 3 (June 2014), p. 336-340. [Journal Version] [Working Paper]
Working Papers
Downward Nominal Rigidities and Bond Premia (with Francois Gourio). March 2024. [Working Paper] [Online Appendix}
Auxiliary State Method and Its Application. March 2024. [Working Paper]
The U.S. Bond Premia in a Low Interest Rate Regime (with Maksim Isakin). October 2023. [Working Paper] [Online Appendix]
Risk Premia at the ZLB: A Macroeconomic Interpretation (with Francois Gourio). January 2020. [New Version], [Online Appendix]
Stock Price Fluctuations and Productivity Growth (with Diego Comin, Mark Gertler, and Ana Maria Santacreu). September 2019. [New Version (coming)], [Old Version] (R&R)
Work in Progress
Corporate Bond Yields and Monetary Policy
Optimal Monetary Policy Under Inflation Disaster
Inflationary Bias Under Monopolistic Labor Market
Optimal Inflation with Recursive Preferences in the Presence of the Zero Lower Bound
Costly Information, Financial Frictions, and Endogenous Growth
Credit Shocks in a Deleveraging Model with Housing
Optimal Leverage
Other Papers
A Distributional Analysis of Adopting the FairTax: A comparison of the Current Tax System and the FairTax Plan, (with David Tuerck, Jonathan Haughton, Paul Bachman, Alfonso Sanchez-Penalver), Working Paper, Beacon Hill Institute, 2007. [PDF]
The Economic Effects of the FairTax: Results from the Beacon Hill Institute CGE Model, (with David Tuerck, Jonathan Haughton, Keshab Bhattarai, Alfonso Sanchez-Penalver), Working Paper, Beacon Hill Institute, 2007. [PDF]