Research

My PhD looked at how the economic theories central bankers hold shape monetary policy-making. Specifically, I studied how the theory of the so-called "natural rates" (of unemployment, of interest and of growth) not only underpins the paradigm of modern monetary policy-making and central banks' mandates but also shapes how central banks act. It is (one of) the main  justification for the paradigm but has increasingly come under strain with "empirical anomalies" (hysteresis, endogeneity) after the 2008 crisis building up. My empirical analysis included, one the one hand, semi-structured interviews with high-level central bankers to examine how they square belief in the theory with these anomalies. On the other hand, I conducted both a quantitative and and  qualitative text analysis of central bankers' speeches and research papers published by central banks.  The central banks of the Eurozone, Chile, Argentina and the US serve were my cases. The time horizon under investigation was the monetary policy after the 2008 financial crisis. 

Here you can read the Introduction which gives a fairly good idea of the whole thing:

A first step in my research has recently been published in this paper on how policy-makers at the Federal Reserve think about the NAIRU (see below). The work was picked up by Josh Mason in a piece he wrote for Barrons.