Showing results 1 - 7 of 7
August 2024, Paper: "In the past decade, a new paradigm for fiscal and monetary policy analysis has emerged, combining the canonical macro model of income and wealth inequality…
April 2022, Paper: "We present a theory of Keynesian supply shocks: supply shocks that trigger changes in aggregate demand larger than the shocks themselves. We argue that the…
December 1, 2021, Video: "As Harvard University's leading hub in international development, the Center for International Development (CID) is home to over 100+ faculty experts in…
November 2021, Paper: "We study a real small open economy with two key ingredients (1) partial segmentation of home and foreign bond markets and (2) a pecuniary externality that…
2021, Paper: "We characterize optimal monetary policy in response to asymmetric shocks that shift demand from one sector to another, a condition arguably faced by many economies…
August 2021, Paper: "Downward pressure on the natural rate of interest (r∗) is often attributed to an increase in saving. This study uses microeconomic data from the SCF+ to…
May 31, 2021, Paper: "When an economy is close to the zero lower bound on nominal interest rates, governments face a trade-off: excessively conservative fiscal policy risks…