Working Papers
- A Macroeconomic Model of Central Bank Digital Currency
NBER Working Paper 33968
(with Mauricio Ulate and Cynthia Wu)
[Summary: VoxEU Column]
Latest Version: June 2025. - Monetary Transmission through Bank Securities Portfolios
Revise and resubmit, Journal of Finance
(with Daniel Greenwald and John Krainer)
Latest Version: May 2024.
a
Publications
- The Credit Line Channel
Journal of Finance, forthcoming
(with Daniel Greenwald and John Krainer)
[Summary: VoxEU Column] - Evergreening [Editor’s Choice Article]
Journal of Financial Economics, 2024, Vol. 153, pp. 1-15
(with Miguel Faria-e-Castro and Juan Sanchez)
[Summary: SF Fed Economic Letter] [Replication Codes] - Historical Patterns of Inequality and Productivity around Financial Crises
Journal of Money, Credit, and Banking, 2023, Vol. 55(7), pp. 1641-1665
[Summary: SF Fed Economic Letter] [Replication Codes & Data] - Banks, Maturity Transformation, and Monetary Policy
Journal of Financial Intermediation, 2023, Vol. 53, pp. 1-14
[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)
[Summary: VoxEU Column] [Replication Codes & MP-Shocks] - 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