Research

Research Statement (September 2020)

 

Working Papers

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• Evergreening
  Federal Reserve Bank of St. Louis Working Paper 2021-012
  (with Miguel Faria-e-Castro and Juan Sanchez)
  Latest Version: November 2021.
  
  
• The Credit Line Channel
  Federal Reserve Bank of San Francisco Working Paper 2020-26
  (with Daniel Greenwald and John Krainer) [Summary: VoxEU Column]
  Latest Version: November 2021.
  
  
• Banks, Maturity Transformation, and Monetary Policy
  Federal Reserve Bank of San Francisco Working Paper 2020-07
  [Summary: SF Fed Economic Letter]
  Latest Version: January 2022.
  a

Work in Progress

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• Macro-Channels
  (with Kilian Huber and Christian Wolf)

Publications

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• Historical Patterns of Inequality and Productivity around Financial Crises
  Journal of Money, Credit, and Banking, forthcoming
  [Summary: SF Fed Economic Letter] [Replication Codes & Data]
  
  
• The Transmission of Monetary Policy under the Microscope
  Journal of Political Economy, 2021, Vol. 129(10), pp. 2861-2904
  (with Martin Holm and Andreas Tischbirek) [Replication Codes & MP-Shocks]
  [Summary: VoxEU Column]
  
  
• The Time-Varying Effect of Monetary Policy on Asset Prices
  Review of Economics and Statistics, 2020, Vol. 102(4), pp. 690-704
  [Summary on ‘Information Effect’: SF Fed EL] [Replication Codes & MP-Shocks]
  
  
• A Macroeconomic Model with Occasional Financial Crises
  Journal of Economic Dynamics and Control, 2020, Vol. 112, pp. 1-21 
  [Summary: SF Fed Economic Letter] [Replication Codes]
  a