Current Working Papers

The Information Content of Stress Test Announcements” with Michele Modugno. December 2020. Appendix.

A Static Capital Requirement is Hard to Beat” with Matthew Canzoneri, Behzad Diba, and Arsenii Mishin, November 2020. Replication codes. This paper was previously circulated with the title “Optimal Dynamic Capital Requirements and Implementable Capital Buffer Rules."

Social Distancing and Supply Disruptions in a Pandemic” with Martin Bodenstein and Giancarlo Corsetti, April 2020. Replication Codes. Slides.

The elusive gains from nationally-oriented monetary policy” with Martin Bodenstein and Giancarlo Corsetti, 2020. Slides for presentation at Johns Hopkins, March 2020.

“Optimal monetary policy with endogenous financial intermediation” with Jinill Kim, 2019.

Older, but not forgotten

Can macro variables used in stress testing forecast the performance of banks?” with Michelle Welch, 2012.

Oil Efficiency, Demand, and Prices: a Tale of Ups and Downs” with Martin Bodenstein, 2011.