Price setting frequency and the Phillips curve
(with Alex Grimaud)
Time-varying price setting frequency of firms explains shifts in the Phillips curve and improves the fit of the New Keynesian model to macro and micro data.
2018 (updated, March 2019)
Endogenously (Non-)Ricardian Beliefs
(with William Branch)
A paper on multiple equilibria featuring both Ricardian and non-Ricardian outcomes that impact inflation dynamics.
2018 (updated, May 2019)
Does One Size Fit All in the Euro Area? Some Counterfactual Evidence.
(with Sergio Destefanis and Matteo Fragetta)
This paper empirically examines whether Euro Area countries would have faced a more favorable inflation output variability tradeoff without the Euro.
2017 (updated, March 2018)
Optimal Constrained Interest-Rate Rules under Heterogeneous Expectations
The paper shows that incorporating heterogeneous expectations in both the design and implementation of optimal monetary policy is welfare improving.
Heterogeneous Expectations, Taylor Rules and the Merit of Monetary Policy Inertia
The paper shows that policy inertia is an effective tool to safeguard the economy against local explosiveness in a model with heterogeneous expectations.