Research

Working Papers

• • "Worker and Firm Search in the Labor Market: Evidence from Classified Advertisements," joint with Huixin Bi, Nicolas Petrosky-Nadeau and Greg Woodward 

  • "Estimating the Effects of Government Spending Through the Production Network," joint with Alessandro Barattieri and Matteo Cacciatore, revise and resubmit Review of Economic Studies, Online Appendix

  • "Asset Purchases in a Monetary Union with Default and Liquidity Risks," joint with Huixin Bi and Andrew Foerster

  • "Tax Progressivity, Economic Booms, and Trickle-Up Economics," joint with Laura E. Jackson, Christopher Otrok, and Michael T. Owyang

  • "The Macroeconomic Effects of Carbon Taxes: The Role of Investment and Emission Rate Heterogeneity," joint with Giuseppe Fiori

  • "Sovereign Risk and Fiscal Information: A Look at the U.S. State Default of the 1840s," joint with Huixin Bi

Publications

• • "Unconventional Monetary Policy and Local Fiscal Policy," joint with Huixin Bi. European Economic Review, 156, 2023: 1-19.

  • "Trade Flows and Fiscal Multipliers," joint with Matteo Cacciatore. Review of Economics and Statistics, 104(6), 2022: 1206-1223.   Online Appendix

  • "Fiscal Consolidation and Public Wages," joint with Juin-Jen Chang, Hsieh-Yu Lin, and Shu-Chun S. Yang. Journal of Money, Credit and Banking, 53(2-3), 2021: 503-533.  Online Appendix.

  • "Hours and Employment over the Business Cycle: A Structural Analysis," joint with Matteo Cacciatore and Giuseppe Fiori, Review of Economic Dynamics, 35, January 2020: 240-262. Online Appendix

  • "Clearing Up the Fiscal Multiplier Morass," joint with Eric M. Leeper and Todd B. Walker, American Economic Review, 107(8), 2017: 2409-54.  Online Appendix.   2011 Working Paper Version.

  • "When Does Government Debt Crowd Out Investment?," joint with Shu-Chun S. Yang, Journal of Applied Econometrics, 30(1), January/February 2015: 24-45.   Online Appendix.

  • "Estimating Fiscal Limits: The Case of Greece," joint with Huixin Bi. Journal of Applied Econometrics, 29(7), November/December 2014: 1053-1072.  Online Appendix. 

  • "Estimating Sovereign Default Risk," joint with Huixin Bi. American Economic Review Papers and Proceedings, 102(3), May 2012: 161-166.  Online Appendix. 

  • "Monetary and Fiscal Policy Interactions in the Post-War U.S.," joint with Shu-Chun S. Yang, European Economic Review, 55(1), January 2011: 140-164. 

  • "Dynamics of Fiscal Financing in the United States," joint with Eric M. Leeper and Michael Plante, Journal of Econometrics, 156(2), June 2010: 304- 321.  Online Appendix.  Matlab Codes. 

Resting Papers

• • "Time-Varying Oil Price Volatility and Macroeconomic Aggregates," joint with Michael Plante 

  • "The Implications of Tax Foresight for Optimal Monetary Policy"