Columbia University
Associate Professor of Economics

 

 

 

Department of Economics, Columbia University
420 West 118th Street, New York, NY 10027
212-854-4092, 212-854-8059(f)

Summer 2011
Center for Applied Macroeconomic Analysis
Australian National University
+612-6125-7224

 

 

e-mail:  bp2121 at Columbia dot EDU

 

Office:  1032 International Affairs Building

Curriculum Vitae
 

        Publications

         

 

 

 

Learning the Fiscal Theory of the Price Level: Some Consequences of Debt Management Policy, Journal of the Japanese and International Economies, forthcoming
joint with Stefano Eusepi

Debt, Policy Uncertainty and Expectations Stabilization ,
Journal of the European Economics Association, forthcoming
joint with Stefano Eusepi
[On-line Appendix] [Matlab Files]

Expectations, Learning and Business Cycle Fluctuations ,
American Economic Review, forthcoming, joint with Stefano Eusepi
[Revised pdf file January 2011] [On-line Appendix]

Bayesian Averaging, Prediction and Nonnested Model Selection,
Journal of Econometrics, forthcoming, joint with Han Hong,
[November 2009 pdf file.]

Central Bank Communication and Expectations Stabilization ,
American Economic Journal: Macroeconomics, 2, 2010, joint with Stefano Eusepi
[pdf file] [On-line Appendix]

Can Structural Small Open Economy Models Account for the Influence of Foreign Shocks?,
Journal of International Economics, 81(1), 2010, joint with Alejandro Justiniano
[Revised pdf file] [Appendix pdf file] [Long version pdf file].

Monetary Policy and Uncertainty in an Empirical Small Open Economy Model,
Journal of Applied Econometrics, 25(1), 2010, joint with Alejandro Justiniano.

Adaptive Learning and the Use of Forecasts in Monetary Policy,
Journal of Economic Dynamics and Control, 32, 2008.

Adaptive Learning, Forecast-based Instrument Rules and Monetary Policy,
Journal of Monetary Economics, 53, 2006.

Precautionary Savings and Consumption Fluctuations, joint with Jonathan A. Parker, American Economic Review, 95, 2005.

Learning About Monetary Policy Rules When Long-Horizon Expectations Matter, International Journal of Central Banking, 1, 2005.

Generalized Empirical Likelihood-Based Model Selection Criteria for Moment Condition Models,  joint with Han Hong and Matthew Shum, Econometric Theory, 19, 2003.

 

Working Papers

 

 

 

The Maturity Structure of Debt, Monetary Policy and Expectations Stabilization , joint with Stefano Eusepi, December 2010.

Labor Supply Heterogeneity and Macroeconomic Co-movement , joint with Stefano Eusepi, NBER Working Paper no. 15561, June 2009. [pdf file]

Incomplete Markets, Heterogeneity and Macroeconomic Dynamics , joint with Mauro Roca, NBER Working Paper no. 13260, July 2007. [pdf file]

Adaptive Learning in Infinite Horizon Decision Problems, January 2005.

 

Work in Progress

 

 

 

The Theory of Optimal Monetary Policy Under Learning Dynamics, joint with Stefano Eusepi and Marc Giannoni.

Central Bank Communication: Implications for Macroeconomic Dynamics, joint with Stefano Eusepi May 2008.