Research Statement (September 2020)
Working Papers
- The Credit Line Channel
Federal Reserve Bank of San Francisco Working Paper 2020-26
(with Daniel Greenwald and John Krainer)
Latest Version: June 2021. - Banks, Maturity Transformation, and Monetary Policy
Federal Reserve Bank of San Francisco Working Paper 2020-07
[Summary: SF Fed Economic Letter]
Latest Version: July 2021.
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.
Work in Progress
- Macro-Channels
(with Kilian Huber and Christian Wolf) - Bank Capital, Lending Distortions, and Misallocation
(with Miguel Faria-e-Castro and Juan Sanchez)
Publications
- The Transmission of Monetary Policy under the Microscope
Journal of Political Economy, forthcoming
(with Martin Holm and Andreas Tischbirek)
[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]
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