Research

Sequence-Space Jacobian v1.0 (a toolkit for solving and analyzing heterogeneous-agent macro models)

Optimal policy slides for New York Fed panel on Inequality and Monetary Policy (November 2021) [writeup]

Research Statement (August 2019)

Working Papers

Excess Savings and Twin Deficits: The Transmission of Fiscal Stimulus in Open Economies
(with Rishabh Aggarwal, Matthew Rognlie, and Ludwig Straub)
Latest draft June 2022
Prepared for the NBER Macroeconomics Annual 2022

New Pricing Models, same Old Phillips Curves?
(with Rodolfo Rigato, Matthew Rognlie, and Ludwig Straub)
Latest draft April 2022

Demographics, Wealth, and Global Imbalances in the Twenty-First Century [slides] [hoover recording]
(with Hannes Malmberg, Frédéric Martenet, and Matthew Rognlie)
Latest draft November 2021
Under Revision for the Review of Economic Studies
[Cross-country appendix]

Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel [slides]
(with Matthew Rognlie, Martin Souchier and Ludwig Straub)
Latest draft May 2021

Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model [slides]
(with Matthew Rognlie and Ludwig Straub)
Latest draft March 2020
Under Revision for the American Economic Review

Inequality and Aggregate Demand [slides]
(with Matthew Rognlie)
Latest draft January 2020
[Computational appendix] [January 2018 version] [November 2016 version]

Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession [slides]
(with Will Dobbie and Paul Goldsmith-Pinkham)
Latest draft March 2019
Under Revision for the American Economic Review

The Intertemporal Keynesian Cross [slides]
(with Matthew Rognlie and Ludwig Straub)
Latest draft August 2018
Under Revision for the Journal of Political Economy

Selected Work in Progress

Consumer Bankruptcy as Aggregate Demand Management
(with Kurt Mitman)

Older Working Papers

Monetary Union Begets Fiscal Union (with Matthew Rognlie)
Latest draft August 2014

Published and Forthcoming Articles

MPCs, MPEs, and Multipliers: A Trilemma for New Keynesian Models
(with Bence Bardóczy and Matthew Rognlie)
Review of Economics and Statistics, forthcoming
[August 2017 version titled "A Note on Multipliers in NK models with GHH Preferences"]

Using the Sequence-Space Jacobian to Solve and Estimate Heterogeneous-Agent Models [slides]
(with Bence Bardóczy, Matthew Rognlie and Ludwig Straub)
Econometrica 89(5), pp. 2375–2408, September 2021
[Published version] [November 2020 version] [June 2019 version] [Code and notebooks at GitHub]

Monetary Policy and the Redistribution Channel [slides]
American Economic Review 109(6), pp. 2333–2367, June 2019
[Published version] [May 2017 version] [January 2016 version] [Job Market Paper version]

Unique Equilibrium in the Eaton-Gersovitz Model of Sovereign Debt (with Matthew Rognlie)
Journal of Monetary Economics 84, pp. 134–146, December 2016
[Published version]

Non-Refereed Publications and Other Writing

The Macroeconomics of Household Debt Relief (with Kurt Mitman) [slides]
Prepared for the INET Private Debt Initiative Conference on Debt Restructuring, January 2022

Aggregate Demand and the Top 1% (with Matthew Rognlie) [slides]
American Economic Review: Papers&Proceedings 107(5), pp. 588–592, May 2017
[Published version]