Research

Working Papers

1. From Deviations to Shortfalls: The Effects of the FOMC's New Employment Objective 

   •  with Brent Bundick, FRBSF wp 2021-18, July [Latest] 

2. UI Generosity and Job Acceptance: Effects of the 2020 CARES Act 

   •  with Robert G. Valletta, FRBSF wp 2021-13, May [Latest] (replaces FRBSF wp 2020-28, August)

3. When Hosios meets Phillips: Connecting efficiency and stability to demand shocks

   • with Etienne Wasmer and Philipe Weil, February 2021 [Latest]

4. Parents in a Pandemic Labor Market

   • with Olivia Lofton and Lily Seitelman, February 2021 [Latest] [Short slides]

5. Estimating Natural Rates of Unemployment: A Primer

   •  with B. Bok, R. Crump and C. Nekarda, FRBSF wp 2023-25, August 2023 [Latest] [Replication package]

6. Unemployment Paths in a Pandemic Economy

   •  with Robert G. Valletta, FRBSF wp 2020-18, May 2020 [Latest]

Publications

1. Unemployment Crises

   • Journal of Monetary Economics, 117, January 2021, with Lu Zhang. [Data] 

2. Replicating and Projecting the Path of COVID-19 with a Model-Implied Reproduction Number

   •  with S. Buckman, R. Glick, K. Lansing and L. Seitelman, Infectious Disease Modelling, 2020 5. 

3. Endogenous Disasters

   • American Economic Review, 108(8), August 2018, with Lu Zhang and Lars Kuehn. [Data and code]

4. Solving the Diamond-Mortensen-Pissarides Model Accurately

   • Quantitative Economics, 8(2), July 2017, with Lu Zhang. [code]

5. Disentangling Goods, Labor and Credit Market Frictions in Three European Economies

   • Labour Economics, forthcoming, with Thomas Brzustowski and Etienne Wasmer. 

6. Shopping Time

   • Economics Letters 143, June 2016, with Etienne Wasmer and Shutian Zeng. 

7. Financial Frictions, the Housing Market and Unemployment

   • Journal of Economic Theory 164, July 2016, with Bill Branch and Guillaume Rocheteau. 

8. Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions

   • Journal of Monetary Economics 72, May 2015, with Etienne Wasmer. 

9. Credit, Vacancies and Unemployment Fluctuations

   • Review of Economic Dynamics 17(2), April 2014 

10. TFP During a Credit Crunch

    • Journal of Economic Theory, 148(3), May 2013 

11. The Cyclical Volatility of Labor Markets under Frictional Financial Markets

    • American Economic Journal: Macroeconomics 5(1), Jan. 2013 , with Etienne Wasmer