Work in progress

Global or Regional Safe Assets: Evidence from Bond Substitution Patterns (2023)  

Awards:  ECB Lamfalussy Research Fellowship 2023;  AQR Asset Management Institute Fellowship Award 2023-24;  2024 Ieke van den Burg Prize (ESRB Advisory Scientific Committee);  ECB Young Economist Prize 2024 

Conference presentations:  LSE-Oxford Workshop on International Macroeconomics and Finance (London, May 2024);  CEPR ESSIM 2024; ESEM Rotterdam 2024; ESRB Annual Conference 2024; BdF Global Currencies Workshop 2024; BdF Conference on Monetary Policy 2025

Online Appendix; Extended version: BIS Working Paper (2025)

The Ins & Outs of Chinese Monetary Policy Transmission (2025)  

with Silvia Miranda-Agrippino and Hélène Rey.

Global portfolio investments and FX derivatives (2025)

with Andreas Schrimpf and Hyun Song Shin.

Global Footprints of Monetary Policies (2020) 

with Silvia Miranda-Agrippino and Hélène Rey,  Centre for Macroeconomics, Discussion Paper n. 2020-04.

Publications

A Tale of Two Global Monetary Policies (2022) 

with Silvia Miranda-Agrippino,  Journal of International Economics,  Vol. 136,  103606,  May 2022.

International Evidence on Shock-Dependent Exchange Rate Pass-Through (2020) 

with Kristin Forbes and Ida Hjortsoe,  IMF Economic Review,  Vol. 68(4),  pages 721-763,  December 2020.

The Shocks Matter: Improving our Estimates of Exchange Rate Pass-Through (2018) 

with Kristin Forbes and Ida Hjortsoe,  Journal of International Economics,  Vol. 114,  Sep 2018,  pp. 255-275.

Current Account Deficits During Heightened Risk: Menacing or Mitigating? (2017) 

with Kristin Forbes and Ida Hjortsoe,  The Economic Journal,  Vol. 127,  Issue 601,  May 2017,  pp. 571-623.

Research in detail with supplementary materials here.