Research
Working Papers
"Monetary Policy without Moving Interest Rates: The Fed Non-Yield Shock", 2023, with Niklas Kroner
"The Local-Area Incidence of Exporting", 2021, with Aaron Flaaen, Nitya Pandalai-Nayar, and Jan Schlupp
Previously titled "The Local-Area Impact of Exporting"
"The US, Economic News, and the Global Financial Cycle", 2020, with Niklas Kroner, Conditionally accepted at the Review of Economic Studies
Previously titled "What does high frequency identification tell us about the transmission and synchronization of business cycles?"
"Monetary Policy and Durable Goods," joint with Robert B. Barsky, Christopher L. House, and Miles S. Kimball, 2015
Publications
"New Measurement of Export Participation in U.S. Manufacturing", with Aaron Flaaen and Nitya Pandalai-Nayar. AEA Papers and Proceedings, May 2023, Vol. 113, pp. 93-98
"The Long and the Short (Run) of Trade Elasticities", with Andrei Levchenko and Nitya Pandalai-Nayar, American Economic Review, April 2023, Vol. 113 No. 4, pp. 861-905 (lead article)
"Convex Supply Curves", with Nitya Pandalai-Nayar, American Economic Review, December 2022, Vol. 112 No. 12, pp. 3941–3969
Latest Working Paper Version, NBER Working Paper No. 26829, ECB Working Paper No. 2460
Winner of the 2016-2017 Lamfalussy Fellowship
Previously titled "Are Supply Curves Convex? Implications for State-Dependent Responses to Shocks"
"Multinationals, Offshoring, and the Decline of U.S. Manufacturing," joint with Aaron Flaaen and Nitya Pandalai-Nayar, Journal of International Economics, November 2020, Vol. 127
“Government Consumption and Investment: Does the Composition of Purchases Affect the Multiplier?” Journal of Monetary Economics, November 2020, Vol. 115, pp. 80-93
This paper supersedes an earlier version "Government Spending and Durable Goods"
Journal version, RSIE Working Paper, Latest working paper version
In media: VoxEU.org
"Optimal Taylor Rules when Targets are Uncertain," joint with Christopher L. House. European Economic Review, October 2019, Vol. 119, pp. 274-286
Journal version, Latest working paper version, NBER Working Paper No. 20237
Previously titled "Optimal Taylor Rules in New Keynesian Models"
"Input Linkages and the Transmission of Shocks: Firm Level Evidence from the 2011 Tohoku Earthquake," joint with Aaron Flaaen and Nitya Pandalai-Nayar. The Review of Economics and Statistics, March 2019, Vol. 101, No. 1, pp. 60–75
In media: VoxEU.org, The Economist
Old Working Papers
"Household Balance Sheets, Default, and Fiscal Policy at the Zero Lower Bound," 2015
"Government Spending and Durable Goods," 2015
Superseded by “Government Consumption and Investment: Does the Composition of Purchases Affect the Multiplier?”
Formerly circulated under the title Fiscal Policy and Durable Goods
"Complementarities in Multinational Production and Business Cycle Dynamics," joint with Aaron Flaaen and Nitya Pandalai-Nayar, 2014