Research

Publications

Optimal Monetary Policies in a Heterogeneous World   with James Bullard ,   Aarti Singh.
accepted at the IMF Economic Review.

The impact of monetary policy on employment in Poland through the lens of disaggregated data  with Marta Kightley. 
Bank for International Settlements, BIS Papers No 142, November 2023: 251--263.

Monetary policy, labor market, and sectoral heterogeneity   with  Aarti Singh,  Anastasia Zervou
  AEA Papers &Proceedings 112, May 2022: 491--495.
  Online appendix

Are DSGE Models Irreparably Flawed?   with Michał Brzoza-Brzezina
  Bank i Kredyt / Bank & Credit 52(3), June 2021: 227--252.

Optimal Monetary Policy at the Zero Lower Bound  with Costas AzariadisJames BullardAarti Singh
  Journal of Economic Dynamics and Control 103, June 2019: 83-101
  St. Louis Fed Working Paper 2015-010.

Learning Leverage Shocks and the Great Recession  with Patrick Pintus.
 Review of Economic Dynamics 31, January 2019: 123-146
  GRAPE Working Paper 28

Belief-Twisting Shocks and the Macroeconomy 
  Macroeconomic Dynamics 22(7), October 2018: 1844–1858.
  Longer version: BdF Working Paper 434

International Great Inflation and Common Monetary Policy  with Anastasia Zervou.
  Macroeconomic Dynamics 22(6), September 2018: 1428–1461. 

The Stability of Macroeconomic Systems with Bayesian Learners  with James Bullard
  Journal of Economic Dynamics and Control 62, January 2016: 1-16.

Monetary Policy and the Financial Sector  with Aarti Singh,  Sophie Stone. 
  Economics Letters 132, July 2015: 82-86.  
   

Working papers

The Dangers of Macro-prudential Policy Experiments: Initial Beliefs under Adaptive Learning  
    with Patrick Pintus ,  Burak Turgut
    revision requested at the Macroeconomic Dynamics
    GRAPE Working Paper 49/2021.

Heterogeneity in labor market response to monetary policy: small versus large firms  (new version: November 2023)
    with Aarti Singh,  Anastasia Zervou
    NBP Working Paper 355/2022,     SSRN link,     submitted

Business Cycles and On the Job Search  with Marek Antosiewicz. 
    IBS Working Paper 7/2016.
   

Work in progress

Estimating financial frictions under learning   with Patrick Pintus ,  Burak Turgut