• Curriculum Vitae [PDF ]

Publications

• "Housing Cycles and Gentrification", Journal of Monetary Economics, 144(2024): 103550. Paper
• "Macroeconomic Frameworks: Reconciling Evidence and Model Predictions from Demand Shocks" (with Alan Auerbach and Yuriy Gorodnichenko), AEJ: Macroeconomics, 16(3) (2024): 190-229. Paper
• "Saving Constraints, Inequality, and the Credit Market Response to Fiscal Stimulus" (with Jorge Miranda-Pinto, Kieran Walsh, and Eric Young, European Economic Review, 151(2023): 104355. Paper
• "Fiscal Multipliers in the COVID19 Recession" (with Alan Auerbach, Yuriy Gorodnichenko, and Peter McCrory), Journal of International Money and Finance, 126(2022): 102669. Paper
• "Government Spending and Interest Rates" (with Kieran Walsh), Journal of International Money and Finance, 123(2022): 102598. Paper,
• "Inequality, Fiscal Policy and COVID19 Restrictions in a Demand-Determined Economy" (with Alan Auerbach and Yuriy Gorodnichenko), European Economic Review, 137(2021): 103810. Paper
• "Effects of Fiscal Policy on Credit Markets" (with Alan Auerbach and Yuriy Gorodnichenko), AEA Papers and Proceedings, 110(2020): 119-124. Paper
• "Local Fiscal Multipliers and Fiscal Spillovers in the United States" (with Alan Auerbach and Yuriy Gorodnichenko), IMF Economic Review, 68 (2020): 195-229. Paper
• "Drilling and Debt" (with Erik Gilje and Elena Loutskina), Journal of Finance, 75:1287-1325. Paper
• "Fiscal Stimulus and Consumer Debt" (with Yuliya Demyanyk and Elena Loutskina), Review of Economics and Statistics, 101(4) (2019): 728-741. Paper
• "Macroeconomics and the Law" (with Yair Listokin) Annual Review of Law and Social Science, 15 (2019):377-396. Paper
• "Demand Complementarities and Cross-Country Price Differences", Canadian Journal of Economics, 52(1) (2019): 253-279. Paper
• "Home Production, Expenditure, and Economic Geography", Regional Science and Urban Economics 70 (2018): 112-126. Paper
• "Savings Policy and the Paradox of Thrift" (with Andrew Hayashi), Yale Journal on Regulation 34 (2017): 743-790.
• "Excess Capacity in a Fixed Cost Economy", European Economic Review 91 (2017):245-260. Paper
• "Welfare Consequences of Asymmetric Growth", Journal of Economic Behavior and Organization 126 (2016):1-17.Lead article. Paper
• "How Can Government Spending Stimulate Consumption?", Review of Economic Dynamics, 18 (2015):551-574. Paper
• "The Role of Inventories and Speculative Trading in the Global Market for Crude Oil" (with Lutz Kilian), Journal of Applied Econometrics, 29(3), April 2014, 454-478. Paper
• "Why Agnostic Sign Restrictions Are Not Enough: Understanding the Dynamics of Oil Market VAR Models" (with Lutz Kilian), Journal of the European Economic Association (2012), 10(5): 1166-1188. Paper
• "Why Do Boomers Plan To Work Longer?" (with Gordon Mermin and Richard Johnson), Journal of Gerontology: Social Sciences (2007), 62B(5): S286-S294

Working Papers and Works in Progress

• "Demand Stimulus as Social Policy" (with Alan Auerbach and Yuriy Gorodnichenko), Revise and Resubmit, Review of Economic Studies Paper
• "A Model of Expenditure Shocks" (with Jorge Miranda-Pinto, Kieran Walsh, and Eric Young), Reject and Resubmit, Journal of Monetary Economics Paper
• "Government Debt Limits and Stabilization Policy" (with Eric Young), Revise and Resubmit, IMF Economic Review Paper
• "Land Taxes: from Theory to Practice" (with Nick Allen, John Anderson, and Zhou Yang), Forthcoming, National Tax Journal: Forum
• "Implicit Land Taxes and their Effect on the Real Economy" (with Nathan Seegert) Paper
• "Home Size, Residential Density, and Aggregate Demand" Paper
• "What Does the Market Think?" (with Leland Farmer and Kieran Walsh)
• "The Heterogeneous Reaction of Household Debt to Income Shocks" (with Nikolaos Koutounidis and Elena Loutskina)

Other

• Urban Institute Publications