Research

Research Statement (March 2020)

 

Working Papers

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• The Credit Line Channel
  Federal Reserve Bank of San Francisco Working Paper 2020-26
  (with Daniel Greenwald and John Krainer)
  Latest Version: September 2020.
  
  
• Banks, Maturity Transformation, and Monetary Policy
  Federal Reserve Bank of San Francisco Working Paper 2020-07
  [Summary: SF Fed Economic Letter]
  Latest Version: April 2020.
  
  
• The Transmission of Monetary Policy under the Microscope
  Federal Reserve Bank of San Francisco Working Paper 2020-03
  Revise and resubmit, Journal of Political Economy
  (with Martin Holm and Andreas Tischbirek)
  Latest Version: April 2020. [Summary: VoxEU Column]
  a
• Historical Patterns of Inequality and Productivity around Financial Crises
  Federal Reserve Bank of San Francisco Working Paper 2017-23
  [Summary: SF Fed Economic Letter] [Coverage: IMF Speech]
  Latest Version: March 2020.
  
  

Publications

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• The Time-Varying Effect of Monetary Policy on Asset Prices
  Review of Economics and Statistics, 2020, Vol. 102(4), pp. 1-15
  [Summary on ‘Information Effect’: SF Fed Economic Letter] 
  [Replication Codes]
  a
• A Macroeconomic Model with Occasional Financial Crises
  Journal of Economic Dynamics and Control, 2020, Vol. 112, pp. 1-21 
  [Summary: SF Fed Economic Letter] [Dynare Codes]
  a