Research
Behavioral Learning Equilibria in New Keynesian Models
Heterogeneous Expectations and the Business Cycle at the Effective Lower Bound
Endogenous Credibility and Wage-Price Spirals
Restricted Perceptions, Regime Switches and the Effective Lower Bound
Misallocation and Productivity Growth: a Meta-analysis
Macroprudential Policy Interactions in a Sectoral DSGE Model with Staggered Interest Rates
Results of a Massive Experiment on Virtual Currency Endowments and Money Demand
Policy work
Anchoring Inflation Expectations Around the Liberation Day Tariff Scenario
Costs and Benefits of Pausing Rates Under De-anchoring Risk
Managing the Risks of Tightening Too Much Versus Not Enough
Implications of Rapidly Returning the Policy Rate to Neutral
Risks of De-anchoring Canadian Inflation: Insights from Heterogeneous Expectations
Assessing FAD Models: Out-of-sample Forecast Performance
Assessing the FAD Models: Event Studies in ToTEM and LENS
Monetary-Fiscal Policy Interactions in the Euro Area, Box 17
Price Setting Behaviour and Balance Sheets in the Netherlands: Evidence from Microdata
Transmission Channels of LTI vs. LTV Limits in the UK
Asian Development Outlook (ADO)
- 2026
Monetary Policy in High-Debt Environments
- 2026
Asian Development Outlook, September 2026
- Box 1.2.1Producer prices as a leading indicator of consumer inflation (with S. Camingue-Romance)
- Box 1.3.2Risk scenarios for El Niño and energy disruption
- 2026
Asian Development Outlook, July 2026
Codes
HetLearn Toolbox
A MATLAB toolbox for forecasting and policy scenario analysis in DSGE models with bounded rationality and adaptive learning.
The code was written with assistance from Claude Opus 5.5. All remaining errors are my own. The toolbox is still largely a work in progress.