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)
Revise and resubmit at American Economic Review
Vox article: Does Fiscal Stimulus Work in a Montary Union?
Crises and Recoveries in an Empirical Model of Consumption Disasters (with Emi Nakamura, Robert Barro and José Ursúa)
Revise and resubmit at American Economic Journal: Macroeconomics
Appendix: Estimation and Detailed Country Figures
Vox article: Disasters, Recoveries, and the Equity Premium
Lost in Transit: Product Replacement Bias and Pricing to Market (with Emi Nakamura)
American Economic Review, forthcoming.
Press: BusinessWeek (6/3/09),
BusinessWeek (10/14/09)
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
Optimal Monetary Policy in an Economy with Inflation
Presistence
Journal of Monetary Economics
50(7), 1425-1456, October 2003.
Erratum