Policy

Publication

• "A Slowdown in Job Vacancies is Likely to Coincide with Higher Unemployment and Slower Wage Growth," with Chaitri Gulati and José Mustre-del-Río , Federal Reserve Bank of Kansas City Economic Review, August 2022.

• "Fiscal Relief during the COVID-19 Pandemic," with Chaitri Gulati, Federal Reserve Bank of Kansas City Economic Review, July 2021.

• "U.S. Federal Debt Has Increased, but Appears Sustainable for Now," with Wenyi Shen and Shu-Chun S.C. Yang, Federal Reserve Bank of Kansas City Macro Bulletin, November 2020.

• "Understanding the Recent Rise in Municipal Bond Yields," with W. Blake Marsh, Jacob Dice, and Chaitri Gulati, Federal Reserve Bank of Kansas City Macro Bulletin, May 2020.

• "Rainy Day Funds Have Grown as State Tax Revenue Strengthens," with Jaeheung Bae, Federal Reserve Bank of Kansas City Macro Bulletin, October 2019.

• "Implementation Delays in Pension Retrenchment Reforms," with Kevin Hunt and Sarah Zubairy, Federal Reserve Bank of Kansas City Economic Review, July 2019.

• "The Fiscal Stance of U.S. States," with Jaeheung Bae, Federal Reserve Bank of Kansas City Macro Bulletin, November 2018.

• "Fiscal Sustainability: A Cross-Country Analysis," Federal Reserve Bank of Kansas City Economic Review, Fourth Quarter, 2017.

• "Examining the Recent Shift in State and Local Pension Plans to Alternative Investments," with Trenton Herriford, Federal Reserve Bank of Kansas City Macro Bulletin, September 2017.

• "Sovereign Debt Risk Premia and Fiscal Policy in Sweden," with Eric Leeper, Swedish Economic Policy Review, 2010. [NBER Working Paper No. 15810]