Research

Publications

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

Optimal Monetary Policies in a Heterogeneous World  
    with James Bullard ,  Riccardo DiCecio,   Aarti Singh.
    revision requested at the IMF Economic Review

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

The Dangers of Macro-prudential Policy Experiments: Initial Beliefs under Adaptive Learning  
    with Patrick Pintus ,  Burak Turgut
    GRAPE Working Paper 49/2021,     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