High Frequency Identification of Monetary Non-Neutrality (with Emi Nakamura)
Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves (with Emi Nakamura and Miao Liu)
Press: Economist (3/15/14), Wall Street Journal (2/14/14), Financial Times (12/2/13)
Informational Rigidities and the Stickiness of Temporary Sales (with Eric Anderson, Emi Nakamura and Duncan Simester)
Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence (with Emi Nakamura and Dmitriy Sergeyev)
Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions (with Emi Nakamura)
American Economic Review, 104(3), 753-792, March 2014.
Vox article: Does Fiscal Stimulus Work in a Montary Union?
Data and Programs -- Technical Appendix
Price Rigidity: Microeconomic Evidence and Macroeconomic Implications (with Emi Nakamura)
Annual Review of Economics, 5, 133-163, 2013.
Crises and Recoveries in an Empirical Model of Consumption Disasters (with Emi Nakamura, Robert Barro and José Ursúa)
American Economic Journal: Macroeconomics, 5(3), 35-74, July 2013.
Web Appendix -- Data and Programs
Vox article: Disasters, Recoveries, and the Equity Premium
Lost in Transit: Product Replacement Bias and Pricing to Market (with Emi Nakamura)
American Economic Review, 102(7), 3277-3316, December 2012.
Press: BusinessWeek (6/3/09), BusinessWeek (10/14/09)
Comments on Gagnon, Mandel, and Vigfusson (2013)
Price Setting in Forward-Looking
Customer Markets (with Emi Nakamura)
Journal of Monetary Economics, 58(3), 220-233, April 2011.
Appendixes: Technical Appendix, Firm Price Commitments
Monetary Non-Neutrality in a Multi-Sector Menu Cost Model
(with Emi Nakamura)
Quarterly Journal of Economics, 125(3), 961-1013, August 2010.
Matlab Programs: Code -- Documentation
Five Facts About Prices: A Reevaluation of Menu Cost Models (with Emi Nakamura)
Quarterly Journal of Economics, 123(4), 1415-1464, November 2008.
Frequency of Price Change by ELI: ELI table (PDF) -- ELI table (Excel)
Supplementary material: More Facts About Prices
Tables in Excel: Tables from Paper (Excel) -- Tables from Supplement (Excel)
Press: The Economist (11/9/06), Handelsblatt (2/8/10)
The Dynamic Behavior of the Real Exchange Rate in Sticky-Price Models
American Economic Review, 98(1), 519-533, March 2008.
Appendix: Derivation of the Model
Matlab Programs: Empirical Programs -- Theoretical Programs -- Documentation.
Erratum -- Response to Iversen and Söderström (2014)
Optimal Monetary Policy in an Economy with Inflation
Journal of Monetary Economics
50(7), 1425-1456, October 2003.
Don't Replace Data with Ideology. Bloomberg View; June 12th 2012. (with Emi Nakamura and Nicolas Vincent)