Present and Past Appointments
Teaching Experience
Fields of Specialization
Macroeconomics · Financial Economics · Applied Econometrics
Doctoral Studies
Pre-Doctoral Studies
Working Papers
Financial Market Effects of FOMC Communication: Evidence from a New Event-Study Database, with Miguel Acosta, Michael Bauer, Francesca Loria, and Silvia Miranda-Agrippino (submitted)
Getting in all the Cracks: Monetary Policy, Financial Vulnerabilities, and Macro Risk, with Tyler Pike (redrafting in progress)
Sticky Leverage: Comment, with Ander Pérez-Orive and Bálint Szőke, FEDS Paper (2023) (submitted)
More than Words: Twitter Chatter and Financial Market Sentiment, with Travis Adams, Diego Silva, and Francisco Vazquez-Grande
Financial Stability Considerations for Monetary Policy: Theoretical Mechanisms, with Nina Boyarchenko, François Gourio, and Andrea Tambalotti, FEDS Paper No. 5, February 2022
Monetary Policy Tradeoffs and the Federal Reserve's Dual Mandate, with Isabel Cairó, Vasco Cúrdia, Thomas A. Lubik, and Albert Queralto, FEDS Paper No. 66, August 2020
Policy Analysis
Financial Conditions and Risks to the Economic Outlook, with Giovanni Favara, Gregory Marchal, and Bálint Szőke, FEDS Notes (2024)
A New Index to Measure U.S. Financial Conditions, with Michele Cavallo, Giovanni Favara, William B. Peterman, John Schindler, and Nitish R. Sinha, FEDS Notes (2023)
Monetary Policy, Inflation Outlook, and Recession Probabilities, with Luca Benzoni, Makena Schwinn, Yannick Timmer, and Francisco Vazquez-Grande, Economic Perspectives and FEDS Notes (2022)
The Asymmetric Costs of Misperceiving R-star, with Isabel Cairó, Vasco Cúrdia, and Albert Queralto, FRBSF Economic Letter (2021)
Publications
Core and Crust: Inflation Dynamics and the Term Structure of Interest Rates, with Luca Benzoni and Olena Chyruk, Review of Financial Studies, Vol. 33, No. 8, August 2020
Financial Stability and Optimal Interest-Rate Policy, with Thomas Laubach, David López-Salido, and Taisuke Nakata, International Journal of Central Banking, Vol. 15, No. 1, pp. 279–326, March 2019
Financial Intermediation, Investment Dynamics, and Business Cycle Fluctuations, American Economic Review, Vol. 106, No. 8, pp. 2256–2303, August 2016
No-Arbitrage Restrictions and the U.S. Treasury Market, with Luca Benzoni and Olena Chyruk, Economic Perspectives, Vol. 36, Second Quarter 2012, Federal Reserve Bank of Chicago
Refereeing Activity
American Economic Review · American Economic Journal — Macroeconomics · European Economic Review · International Journal of Central Banking · IMF Economic Review · Journal of Economic Dynamics and Control · Journal of Money, Credit, and Banking · Journal of Applied Econometrics · Journal of Macroeconomics · Journal of Monetary Economics · Journal of Financial Econometrics · Macroeconomic Dynamics · Quantitative Economics