Research
Current Working Papers
Looking Beyond the Fed: Do Central Banks Cause Information Effects?
The Role of Industrial Composition in Driving the Frequency of Price Change (with Vaishali Garga)
The Inflation Target and the Equilibrium Real Rate
Works In Progress
Does Seasonal Adjustment Obscure Early Signs of Recession? (with Emily Eisner, Emi Nakamura, Jón Steinsson)
Research Publications
Debt, Deficits, and Interest Rates
Economica (2024); local pdf copy
Excess Stimulus and Monetary Policy
Economics Bulletin (2023); local pdf copy (including online appendices); code
Consumption Spending and Inequality during the Covid-19 Pandemic (with Vaishali Garga and Justin Rohan)
Covid Economics (2021); local pdf copy; SSRN version
Policy Publications
The Distribution of Sectoral Price Changes and Recent Inflation Developments (with Vaishali Garga, Giovanni P. Olivei, and Viacheslav Sheremirov)
Federal Reserve Bank of Boston Current Policy Perspective (2023); local pdf copy; SSRN version
What Is Driving Inflation?---Beyond The Usual Culprits? (with Vaishali Garga)
Federal Reserve Bank of Boston Current Policy Perspective (2023); local pdf copy (main); local pdf copy (appendix)
Forecasting CPI Shelter under Falling Market-Rent Growth (with John O'Shea)
Federal Reserve Bank of Boston Current Policy Perspective (2023); local pdf copy; SSRN version
Monetary Policy and Stock Prices
Federal Reserve Bank of Boston Current Policy Perspective (2022); local pdf copy; SSRN version
Debt, Deficits, and Interest Rates
Federal Reserve Bank of Boston Current Policy Perspective (2021); local pdf copy; SSRN version
Consumption Heterogeneity by Occupation: Understanding the Impact of Occupation on Personal Consumption during the COVID-19 Pandemic (with Vaishali Garga and Justin Rohan)
Federal Reserve Bank of Boston Research Department Working Papers (2020); local pdf copy; SSRN version