Publications

"Capital Controls and the Global Financial Cycle"  [WP] with Marina Lovchikova, European Economic Review, Volume 163, April 2024.

"Financial Cycles and Domestic Policy Choices"  [WP] with Florian Loipersberger, European Economic Review, Volume 143, April 2022.

Working Papers

"The Missing Tail Risk in Option Prices" with Jason P. Brown, Nida Çakır Melek, and Sai A. Sattiraju

"Effective Downward Nominal Wage Rigidities" 

"International Financial Regulation: The Role of Banking Sector Sizes" 

"Macroprudential Policy Interlinkages"                                                                                                                           

"Leverage, Volatility and a Constant Macroprudential Tax on Debt" 

Bank Related Publications

"Capital Flows and Monetary Policy in Emerging Markets around Fed Tightening Cycles" with Alice von Ende-Becker and Sai A. Sattiraju, Economic Review, Vol. 108, no. 4, October 2023. 

"To Reach the Fed's Inflation Target, Interest Rates May Have to Remain Restrictive for Some Time" with Sai A. Sattiraju, Economic Bulletin, June 2023.  

"Financial Stress May Do Relatively Little to Reduce Inflation" with Brent Bundick and A. Lee Smith, Economic Bulletin, May 2023. 

"China’s Post-COVID Recovery: Implications and Risks" with Thomas R. Cook, Economic Bulletin, May 2023. 

"Price Pressures for U.S. Exporters and a Strong Dollar Have Increased Inflation in Foreign Countries" with Sai A. Sattiraju, Economic Bulletin, August 2022.     

"Recent Appreciation in the U.S. Dollar Unlikely to Have Large Effect on Domestic Inflation" with Sai A. Sattiraju, Economic Bulletin, August 2022.           

"Labor Markets Are Tight, but Conditions Vary across States" with Sai A. Sattiraju, Economic Bulletin, December 2021.