Papers & Discussions
Working Papers
[New!] Do Deficits Cause Inflation? A High Frequency Narrative Approach
(with Stephan Hobler), March 2024
[New!] LASH Risk and Interest Rates
(with Laura Alfaro, Saleem Bahaj, Robert Czech and Ioana Neamțu), May 2024
[Recently updated!] Bonus Question: How Does Flexible Incentive Pay Affect Wage Rigidity?
(with Meghana Gaur, John Grigsby and Abdoulaye Ndiaye), May 2024
Twitter summary
[Recently updated!] Dynamics of the Long Term Housing Yield: Evidence from Natural Experiments
(with Verónica Bäcker-Peral and Atif Mian), April 2024
Coverage: Financial Times
Replication package
Real time estimates
[Recently updated!] National Wage Setting (slides)
(with Christina Patterson, Heather Sarsons and Bledi Taska), March 2024
Revise and resubmit, American Economic Review
Twitter summary
Firm name cleaning code
Downward Rigidity in the Wage for New Hires (slides)
(with Bledi Taska), October 2023
Revise and resubmit, American Economic Review
Coverage: Marginal Revolution, Joint Economic Committee (US Senate)
Publications
The Slope of the Phillips Curve: Evidence from U.S. States (slides)
(with Juan Herreño, Emi Nakamura and Jón Steinsson), August 2022
Quarterly Journal of Economics [lead article]
Online Appendix
Link to database of state level inflation
Coverage: The Economist, Paul Krugman (Substack), Noah Smith (Bloomberg View), Chicago Fed speech, New York Times, Full Stack Economics
Twitter summary
Replication Package
Unemployment Insurance Financing as a Uniform Payroll Tax (slides)
(with Sebastian Graves, Walker Lewis and Christina Patterson), May 2022
American Economic Association, Papers & Proceedings
AI and Jobs: Evidence from Online Vacancies (slides)
(with Daron Acemoglu, David Autor and Pascual Restrepo), April 2022
Journal of Labor Economics
Coverage: The Economist, Voxeu, The Washington Post
Twitter Summary
Replication Package
Systemic Risk Shifting in Financial Networks (slides)
(with Matthew Elliott and Co-Pierre Georg), January 2021
Journal of Economic Theory
Twitter summary
Discussions
[New!] It's Baaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curve
By Pierpaolo Benigno & Gauti Eggertsson
Reykjavik Economic Conference
[New!] Can Supply Shocks Be Inflationary with a Flat Phillips Curve?
By Jean-Paul L’Huillier & Gregory Phelan
Deutsche Bundesbank Conference on Structural Change and Implications for Inflation
[New!] The Dominant Role of Expectations and Broad-Based Supply Shocks in Driving Inflation
By Paul Beaudry, Chenyu Hou and Franck Portier
NBER Macroeconomics Annual Conference, April 2024
Anatomy of the Phillips Curve: Micro Evidence and Macro Implications
By Luca Gagliardone, Mark Gertler, Simone Lenzu and Joris Tielens
European Central Bank Inflation Conference, September 2023
The Unemployment-Inflation Trade-off Revisited: The Phillips Curve in COVID Times
By Richard K. Crump, Stefano Eusepi, Marc Giannoni and Ayşegül Şahin
Journal of Monetary Economics-Swiss National Bank-Gerzensee Study Center Conference, October 2022
Search Demand Effects, Equilibrium Unemployment and a Wage Phillips Curve
By Nicolas Petrosky-Nadeau, Etienne Wasmer and Philippe Weil
AMSE-BdF Macro Workshop, December 2020