I have research interests in Macroeconomics, Monetary Economics and Applied Econometrics.
Aggregate Fluctuations and the Cross-sectional Dynamics of Firm Growth (with S. Holly and E. Santoro)
Journal of the Royal Statistical Society: Series A, Vol. 176(2), February 2013, Pages 459-479. [link to WP version]
Inflation Dynamics and Real Marginal Costs: New Evidence from U.S. Manufacturing Industries (with E. Santoro)
Journal of Economic Dynamics and Control, Volume 36, Issue 5, May 2012, Pages 779–794. [link to WP version]
Review of Economics and Statistics, Volume 94(4), pages 948-963, November 2012. [link to WP version]
Input-Output Interactions and Optimal Monetary Policy (with Emiliano Santoro)
Journal of Economic Dynamics and Control, Volume 35, Issue 11, November 2011, Pages 1817-1830 [Lead Article]
[link to WP version]
Loss Aversion and the Asymmetric Transmission of Monetary Policy
(with E. Gaffeo, D. Pfajfar and E. Santoro)
This paper received media coverage from (among others) The Washington Post’s Wonkblog: “Was Wall Street to blame for high oil prices?” (Oct. 2011) and “Are speculators to blame for soaring gas prices?” (Mar. 2012), The Huffington Post “Oil Prices Spike Exacerbated By Wall StreetSpeculation” (Mar. 2012), ABC News “Gas Prices Spiked By Speculators, Congressmen Claim” (Mar. 2012), San Francisco Chronicle "Wall Street speculation blamed for gas price spike" (Mar. 2012), The New York Times "The high cost of gambling on oil" (April 2012), Los Angeles Times “Obama proposes steps to curb oil market manipulation” (April 2012) and CBSNEWS “Obama calls for crackdown on oil speculation” (April 2012).
In addition, this paper has caught the attention of lawmakers. A joint letter from 68 members of the U.S. Congress and Senate cites our paper to urge immediate action by the Commodity Futures Trading Commission (Mar. 2012) and a group of senators cites our paper in a letter to the Attorney General to encourage the administration to crack down on oil speculation (April 2012).
(with C. Higson and S. Holly) Economics & Finance Research: An Open Access Journal. Vol 1, 31-41. 2013.