WORKING PAPERS

Evaluating Policy Counterfactuals: A "VAR-Plus" Approach (with Tomás Caravello and Alisdair McKay). 2024.
Working Paper

Can Deficits Finance Themselves? (with George-Marios Angeletos and Chen Lian). 2024.
Revise and resubmit at Econometrica.
Working Paper Supplement

Local Projections vs. VARs: Lessons From Thousands of DGPs (with Dake Li and Mikkel Plagborg-Møller). 2024.
Accepted at the Journal of Econometrics.
Working Paper Supplement Code and Replication Files

Interest Rate Cuts vs. Stimulus Payments: An Equivalence Result. 2023.
Conditionally accepted at the Journal of Political Economy.
Working Paper

Optimal Policy Rules in HANK (with Alisdair McKay). 2023.
Revise and resubmit at the Review of Economic Studies.
Working Paper

Demand Composition and the Strength of Recoveries (with Martin Beraja). 2022.
Revise and resubmit at the Review of Economic Studies.
Working Paper

Aggregation in Heterogeneous-Firm Models: Theory and Measurement (with Yann Koby). 2020.
Working Paper


PEER-REVIEWED PUBLICATIONS

What Can Time Series Regressions Tell Us About Policy Counterfactuals? (with Alisdair McKay).
Econometrica, 91(5), pp. 1695–1725, September 2023.
Working Paper Published Version Code and Replication Files

The Missing Intercept: A Demand Equivalence Approach.
American Economic Review, 113(8), pp. 2232–2269, August 2023.
Working Paper Published Version Companion Note

Instrumental Variable Identification of Dynamic Variance Decompositions (with Mikkel Plagborg-Møller).
Journal of Political Economy, 130 (8), pp. 2164–2202, August 2022.
Working Paper Published Version Online Appendix Code and Replication Files

Local Projections and VARs Estimate the Same Impulse Responses (with Mikkel Plagborg-Møller).
Econometrica, 89(2), pp. 955–980, March 2021.
Published Version Online Appendix Code and Replication Files Correction: Typo in Example 2

SVAR (Mis-)Identification and the Real Effects of Monetary Policy Shocks.
American Economic Journal: Macroeconomics, 12(4), pp. 1–32, October 2020.
Working Paper Published Version Online Appendix Code and Replication Files


OTHER PUBLICATIONS

Fiscal Stimulus and the Systematic Response of Monetary Policy.
AEA Papers and Proceedings, 113, pp. 388-393, May 2023.
Working Paper Published Version Online Appendix

Monetary Policy and Inequality (with Alisdair McKay).
Journal of Economic Perspectives, Volume 37, Number 1, Winter 2023.
Published Version Code and Replication Files

What Can We Learn From Sign-Restricted VARs?
AEA Papers and Proceedings, 112, pp. 471-475, May 2022.
Working Paper Published Version Online Appendix Code and Replication Files

When Inequality Matters for Macro and Macro Matters for Inequality (with SeHyoun Ahn, Greg Kaplan, Benjamin Moll and Thomas Winberry).
NBER Macroeconomics Annual 2017.
Published Version Code and Replication Files