Working papers:

(with André Kurmann and Julien Martin) 

PDF file (February 2026

(with Andreas Hornstein, Marios Karabarbounis, André Kurmann and ​Lien Ta) 

PDF file (January 2026) | Richmond Fed Economic Brief

(with Jonathan Créchet and Linas Tarasonis) 

PDF file (December 2025) | Online Appendix | Data

(with Raquel Fonseca, François Langot and Thepthida Sopraseuth)

PDF file (September 2025) | Online appendix