Published Research

Social Distancing and Supply Disruptions in a Pandemic” with Martin Bodenstein and Giancarlo Corsetti, Computation Economics, forthcoming. Replication codes for regressions and for model-based analysisSlides.

What Drives Bank Performance?” with James Collin Harkrader, Economics Letters, Volume 204, Issue C, 2021. AppendixReplication codes

Interpreting Shocks to the Relative Price of Investment with a Multi-Sector Model,” with Jinill Kim and Dale Henderson, Journal of Applied Econometrics, vol. 35(1), pages 82-98, 2020.  Appendix with extended Proof of Theorem 1.  Replication codes.

Likelihood Evaluation of Models with Occasionally Binding Constraints,” with Pablo Cuba-Borda, Matteo Iacoviello and Molin Zhong, Journal of Applied Econometrics, vol. 34(7), pages 1073-1085, 2019. Replication codes. Instructions for compiling Fortran mex functions on a Mac are here.

"Macroeconomic Effects of Banking Sector Losses Across Structural Models,” with Matteo Iacoviello, Francisco Covas, John Driscoll, Michael Kiley, Mohammad Jahan-Parvar, Albert Queralto Olive, and Jae Sim. International Journal of Central Banking, vol. 15(3), pages 137–204Appendix. Replication Codes.

Macroeconomic Policy Games,” with Martin Bodenstein and Joe LaBriola, Journal of Monetary Economics, vol. 101, pages 64–81, 2019. Toolbox and Replication Codes (last updated 09/16/2016). SlidesPrevious draft of paper (version from 09/02/2014).  Previous Version of Tooolbox (version from 09/02/2014).

Collateral constraints and macroeconomic asymmetries,” with Matteo Iacoviello,  Journal of Monetary Economics, vol. 90, pages 28–49, 2017. Slides. Codes.

"The Effects of Foreign Shocks when Interest Rates are at Zero” with Martin Bodenstein and Christopher Erceg, Canadian Journal of Economics, vol. 50(3), pages 660–684, 2017. Codes.

OccBin: a toolkit for solving dynamic models with occasionally binding constraints easily,” with Matteo Iacoviello, Journal of Monetary Economics, vol. 70(1), pages 22-38, 2015. Toolkit (Please note that the toolbox works on versions of Dynare through 4.5.7—we will soon release an updated version compatible with the latest release of Dynare). Slides.

"Modelling Investment-Sector Efficieny Shocks: When Does Disaggregation Matter?” with Dale Henderson and Jinill Kim. International Economic Review,  vol. 55(3), pages 891-917,  2014. 

"Banks, Sovereign Debt, and the International Transmission of Business Cycles,” with Matteo Iacoviello and Raoul Minetti. NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 9, pages 181 - 213, 2013.

"Oil Shocks and the Zero Bound on Nominal Interest Rates,” with Martin Bodenstein and Christopher Gust. Journal of International Money and Finance, vol. 32(C), pages 941-967, 2013. Codes.

 "Monetary Policy Responses to Oil Price Fluctuations,” with Martin Bodenstein and Lutz Kilian. IMF Economic Review, vol. 60(4), pages 470-504, 2012.

 "Did Easy Money in the Dollar Bloc Fuel the Oil Price Run-Up?,” with Christopher Erceg and Steven Kamin. International Journal of Central Banking, vol. 7(1), pages 131-160, 2011.

"Oil shocks and external adjustment,” with Martin Bodenstein and Christopher Erceg. Journal of International Economics, Elsevier, vol. 83(2), pages 168-184, 2011.

"International Competition and Inflation: A New Keynesian Perspective,” with Christopher Gust and David Lopez-Salido, American Economic Journal: Macroeconomics.  vol. 2(4), pages 247-80, 2010.

"Trade adjustment and the composition of trade,” with Christopher Erceg and Christopher Gust. Journal of Economic Dynamics and Control, vol. 32(8), pages 2622-2650, 2008.

Optimal Monetary Policy with Distinct Headline and Core Inflation Rates,” with Maritin Bodenstein and Christopher Erceg. Journal of Monetary Economics, vol. 55, pages S18-S33, 2008. Technical appendix. Replication codes.

"On the Application of Automatic Differentiation to the Likelihood Function for Dynamic General Equilibrium Models", in Advances in Automatic Differentiation: Lecture Notes in Computational Science and Engineering, vol. 64. Berlin: Springer, 2008.

"The Inflation Persistence of Staggered Contracts," Journal of Money, Credit and Banking,  vol. 38(2), pages 483-494, 2006.

"SIGMA: A New Open Economy Model for Policy Analysis,” with Christopher Erceg and Christopher Gust. International Journal of Central Banking, vol. 2(1), 2006.

 "Expansionary Fiscal Shocks and the US Trade Deficit,” with Christopher Erceg and Christopher Gust. International Finance vol. 8(3), pages 363-397, 2005.

"Can Long-Run Restrictions Identify Technology Shocks?,” with Christopher Erceg and Christopher Gust. Journal of the European Economic Association, vol. 3(6), pages 1237-1278, 2005. Replication code for model in Figure 3.  Replication code for model in Figure 7.