Research

• U.S. Monetary Policy Spillovers to Emerging Markets: Both Shocks and Vulnerabilities Matter (with Shaghil Ahmed and Albert Queralto) June 2021

• Financial (In)Stability Real Interest Rate, R** (with Gianluca Benigno, Marco Del Negro, and Albert Queralto) November 2020

  • NYFed Staff Report

• Exchange Rate Dynamics and Monetary Spillovers with Imperfect Financial Markets (with Albert Queralto) September 2020

  • NYFed Staff Report

• Credit Spreads, Financial Crises, and Macroprudential Policy (with Albert Queralto) Working Paper Replication Liberty Street Blog

American Economic Journal: Macroeconomics; Forthcoming

• Financial Frictions and Macroeconomic Fluctuations in Emerging Economies Working Paper

Journal of Money, Credit and Banking; Forthcoming

• Good News is Bad News: Leverage Cycles and Sudden Stops (with Ryan Chahrour) Working Paper Replication Liberty Street Blog

Journal of International Economics; September 2018

• How effective are macroprudential policies? An empirical investigation (with Jane Olmstead-Rumsey) Working Paper Liberty Street Blog

Journal of Financial Intermediation; January 2018

• Global Financial Conditions, Country Spreads and Macroeconomic Fluctuations

Journal of International Economics; November 2013