Publications
Tell Me Something I Don’t Already Know: Learning in Low and High-Inflation Settings
with Michael Weber, Bernardo Candia, Tiziano Ropele, Rodrigo Lluberas, Serafin Frache, Brent Meyer, Saten Kumar, Yuriy Gorodnichenko, Dimitris Georgarakos, Olivier Coibion, Geoff Kenny, and Jorge Ponce
Econometrica, Forthcoming
Relative-Price Changes as Aggregate Supply Shocks Revisited: Theory and Evidence
with Saroj Bhattarai and Edson Wu (Prepared for NBER Inflation in the COVID Era and Beyond Conference)
Journal of Monetary Economics, 148(S): 103650 (2024)
Changing Central Bank Pressures and Inflation
with Marina Halac, Kenneth Rogoff, and Pierre Yared
Brookings Papers on Economic Activity, 55(1): 205–241 (2024)
VoxEU Column
Endogenous Firm Competition and Cyclicality of Markups
with Luigi Caloi
Review of Economics and Statistics, 106(6): 1638–1654 (2024)
PDF, Online Appendix, Replication Files
Strategic Inattention, Inflation Dynamics, and the Non-Neutrality of Money
Journal of Political Economy, 132(10): 3378–3420 (2024)
PDF, Online Appendix, Replication Files
Is it the Message or the Messenger? Examining Movement in Immigration Beliefs
with Carolina Arteaga and Emily Weisburst
Journal of Political Economy Microeconomics 2(2): 244–297 (2024)
PDF, Supplemental Materials, Replication Files
Overreaction in Expectations: Evidence and Theory
with Spencer Kwon, Augustin Landier, Yueran Ma, and David Thesmar
The Quarterly Journal of Economics 138(3): 1713–1764 (2023)
Online Appendix, Experimental Interface, Replication Files
Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand
with Saten Kumar, Olivier Coibion, and Yuriy Gorodnichenko
Brookings Papers on Economic Activity 46(2): 151–225 (2015)
Replication Files,
In media: VoxEU,
Bloomberg,
New Zealand Herald,
Week
Working Papers
Concentration, Market Power, and Misallocation: The Role of Endogenous Customer Acquisition
with Andres Drenik and Ryan Kim — Version: May 2023
Revise and Resubmit, Econometrica
What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?
with Joel P. Flynn and Choongryul Yang — Version: June 2024
Reject and Resubmit, American Economic Review
Inflation and GDP Dynamics in Production Networks: A Sufficient Statistics Approach
with Saroj Bhattarai — Version: July 2024
Reject and Resubmit, American Economic Review
Dynamic Rational Inattention and the Phillips Curve
with Choongryul Yang — Version: April 2021
Reject and Resubmit, American Economic Review
SSRN (Version: October 2019, older versions);
Replication material;
Code Repos:
Julia,
Matlab;
Documentation: PDF, HTML, Teaching Slides: HTML, Live Jupyter Slides
A Theory of How Workers Keep Up with Inflation
with Andres Blanco, Andres Drenik, and Erik Hurst — Version: August 2024
Monetary Policy without Commitment
with Marina Halac, Kenneth Rogoff, and Pierre Yared — Version: April 2023
Inflation Preferences
with Alexander Dietrich, Kristian Myrseth, Romanos Priftis, and Raphael Schoenle — Version: April 2024
Work in Progress
The Welfare Cost of Inflation in Production Networks
with Saroj Bhattarai and Edson Wu