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Research Statement (August 2019)

Working Papers

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

Demographics, Wealth, and Global Imbalances in the Twenty-First Century [slides] [vmacs recording]
(with Hannes Malmberg, Frédéric Martenet, and Matthew Rognlie)
Latest draft July 2020
[Cross-country appendix]

Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model
(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 draftAugust 2018
Under Revision for the Journal of Political Economy

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

Using the Sequence-Space Jacobian to Solve and Estimate Heterogeneous-Agent Models [slides]
(with Bence Bardóczy, Matthew Rognlie and Ludwig Straub)
[Code and notebooks at GitHub] [June 2019 version] [November 2020 version]

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"]

Monetary Policy and the Redistribution Channel [slides]
American Economic Review109(6), pp. 2333–2367, June 2019
[Published version] [May 2017 version] [January 2016 version] [Job Market Paper version]

Aggregate Demand and the Top 1% (with Matthew Rognlie) [slides]
American Economic Review: Papers&Proceedings107(5), pp. 588-592, May 2017
[Published version]

Unique Equilibrium in the Eaton-Gersovitz Model of Sovereign Debt (with Matthew Rognlie)
Journal of Monetary Economics84, pp. 134-146, December 2016
[Published version]