Deficits, Debt & Fiscal Policy

• Welfare-Enhancing Inflation & Liquidity Premia (w/ Fernando Martin). Review of Economic Dynamics, 2023. (WP version, 2023).

• Blog post: Does Rising National Debt Portend Rising Inflation? FRB St. Louis On the Economy Blog, March 2, 2021.

• Blog post: Servicing the National Debt. FRB St. Louis On the Economy Blog, February 28, 2021.

• Does the National Debt Matter? FRB Regional Economist, December 4, 2020. Short explainer video.

  • Cited in the Economist Magazine, December 18, 2021.

  • Cited in the Economist Magazine, October 5, 2022.

• Is Canada's Federal Debt a Cause for Concern? Finances of the Nation, October 28, 2020.

• Blog post: Cochrane on Debt II. MacroMania, 2020. 

• Blog post: Cochrane on Why Debt Matters. MacroMania, 2020. 

• Blog post: Is the U.S. Deficit Sustainable? MacroMania, May 25, 2019.

• Blog post: Sustainable Deficits. MacroMania, March 11, 2019.

• Monetary Policy & Liquid Government Debt (w/ Fernando Martin). Journal of Economic Dynamics & Control, 2018. (WP version 2018).

• On the Supply of and the Demand for U.S. Treasury Debt (w/ Andrew Spewak). FRB St. Louis Economic Synopses, 2018.

• A Note on the Societal Benefits of Illiquid Bonds. Canadian Journal of Economics, 2011.

• Fiscal Multipliers in War & in Peace. FRB St. Louis Review, 2010.

• Endogenous Debt Constraints in a Life-Cycle Model with an Application to Social Security (w/ Martin Gervais). Journal of Economic Dynamics & Control, 2008.