Variance Decomposition Analysis for Nonlinear Economic Models (with Maksim Isakin). December 2020. The Oxford Bulletin of Economics and Statistics, Volume 82, Issue 6, pp. 1362 – 1374. [Journal Version], [Old Version]
The Risk of Hitting the Zero Lower Bound and the Optimal Inflation Target. May 2017. Macroeconomic Dynamics, Vol 22 (2) (March 2018), pp. 402 425. (Published online: 02 May 2017). [Journal Version], [Working Paper]
Optimal Discretionary Monetary Policy in a Micro-Founded Model with a Zero Lower Bound on Nominal Interest Rate. August 2014. Journal of Economic Dynamics and Control, Vol. 45 (August 2014), p. 44-65. [Journal Version], [Working Paper]
Habit Formation in State-Dependent Pricing Models: Implications for the Dynamics of Output and Inflation. June 2014. Economics Letters , Vol. 123, Issue 3 (June 2014), p. 336-340. [Journal Version] [Working Paper]
Stock Price Fluctuations and Productivity Growth (with Diego Comin, Mark Gertler, and Ana Maria Santacreu). September 2016. [New Version (coming)], [Old Version] (R&R)
Work in Progress
Downward Nominal Rigidities as a Source of Time-Varying Risk Premia (with Francois Gourio).
Macroeconomic Implications of Downward Nominal Rigidities at the ZLB.
Passive Monetary Policy and Asset Prices (with Maksim Isakin).
Inflation Dynamics in New Keynesian Models with Regime Switching (with Maksim Isakin).
Effects of Inflation Targeting on the Macroeconomy.
Costly Information, Financial Frictions, and Endogenous Growth.
Optimal Inflation with Recursive Prefereces in the Presence of the Zero Lower Bound.
Credit Shocks in a Deleveraging Model with Housing.Optimal Leverage.
A Distributional Analysis of Adopting the FairTax: A comparison of the Current Tax System and the FairTax Plan, (with David Tuerck, Jonathan Haughton, Paul Bachman, Alfonso Sanchez-Penalver), Working Paper, Beacon Hill Institute, 2007. [PDF]
The Economic Effects of the FairTax: Results from the Beacon Hill Institute CGE Model, (with David Tuerck, Jonathan Haughton, Keshab Bhattarai, Alfonso Sanchez-Penalver), Working Paper, Beacon Hill Institute, 2007. [PDF]