Research

Publications

• “Income Inequality and Job Creation,” with Sebastian Doerr and Thomas Drechsel, The Review of Economic Studies, accepted. Ungated (PDF) | NBER Working Paper | NY Fed Staff Report | NY Fed Liberty Street Economics Blog | VoxEU column EFIP Policy Brief SUERF Policy Brief
• “Tradeoffs for the Poor, Divine Coincidence for the Rich,” with Marco Del Negro, Ibrahima Diagne, Keshav Dogra, Pranay Gundam, and Brian Pacula, Journal of Economic Dynamics and Control, forthcoming. NY Fed Staff Report
• “Estimating HANK for Central Banks,” with Sushant Acharya, Marco Del Negro, Aidan Gleich, Ethan Matlin, Reca Sarfati, William Chen, Keshav Dogra, Shlok Goyal, and Sikata Sengupta, Central Banking, Analysis and Economic Policies, Vol. 30. NY Fed Staff Report | Code (GitHub)
• “The NY Fed DSGE Model: A Post-COVID Assessment,” with Marco Del Negro, Keshav Dogra, Aidan Gleich, Pranay Gundam, Donggyu Lee, Ramya Nallamotu, and Brian Pacula, American Economic Association Papers and Proceedings, Vol. 114. Journal link | NY Fed Staff Report

Working papers

• “Unconventional Monetary Policies and Inequality,” revise and resubmit at Review of Economic Dynamics. Ungated (PDF) | NY Fed Staff Report
• “The Uneven Effects of Monetary Policy on Household Consumption.” Ungated (PDF)

Work in progress

• “Forecast Uncertainty and Forward Guidance,” with Emma Ko.
• “Income Inequality and Government Spending Multipliers,” with Choongryul Yang.
• “Distributional Consequences of Lowering the Long-Run Inflation,” with Dohyeon Park and Jun Hee Kwak.
• “Business Cycles with Stratified Labor Markets,” with Luminita Stevens.