Hassan Afrouzi

Columbia University
Department of Economics
420 W. 118th St, 1105A IAB
New York, NY 10027


2017- Columbia University, Assistant Professor of Economics
2023-   NBER, Faculty Research Fellow
2022-23   BFI at the University of Chicago, Visiting Scholar
2020-   CESifo, Research Network Affiliate


Overreaction in Expectations: Evidence and Theory

with Spencer Kwon, Augustin Landier, Yueran Ma, and David Thesmar
Forthcoming in The Quarterly Journal of Economics
Online Appendix, Experimental Interface

Endogenous Firm Competition and Cyclicality of Markups

with Luigi Caloi
Forthcoming in Review of Economics and Statistics
Online Appendix, 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 2015 (Fall), 151-225
Data and Replication Files
In media: VoxEU, Bloomberg, New Zealand Herald, Week

Papers Under Revision

Strategic Inattention, Inflation Dynamics, and the Non-Neutrality of Money

Version: Jan. 2023
Revise and Resubmit (2nd round), Journal of Political Economy
In media: Bloomberg

Dynamic Rational Inattention and the Phillips Curve

with Choongryul YangVersion: Apr. 2021
Reject and Resubmit, American Economic Review
SSRN (Version: Oct. 2019, older versions); Replication material; Code Repos: Julia, Matlab;
Documentation: PDF, HTML, Teaching Slides: HTML, Live Jupyter Slides

Is it the Message or the Messenger? Examining Movement in Immigration Beliefs

with Carolina Arteaga and Emily WeisburstVersion: Nov. 2022
Revise and Resubmit, Journal of Political Economy Microeconomics
Supplemental Materials

Working Papers

Monetary Policy without Commitment

with Marina Halac, Kenneth Rogoff, and Pierre YaredVersion: Apr. 2023

Inflation and GDP Dynamics in Production Networks: A Sufficient Statistics Approach

with Saroj BhattaraiVersion: May 2023

with Andres Drenik and Ryan KimVersion: Dec. 2021

Selection in Information Acquisition and Monetary Non-Neutrality

with Choongryul YangVersion: Dec. 2021