# Research

. Working Paper. “

New Pricing Models, Same Old Phillips Curves?”.Abstract Download Paper

. Working Paper. “*Revise and Resubmit at Quarterly Journal of Economics*

Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel”.Abstract Download Paper

. Working Paper. “ . Working Paper. “ . 2021. “*Revise and Resubmit at American Economic Review*

A Dynamic Theory of Lending Standards”.Abstract Download Paper

. 2021. “*Revise and Resubmit at Review of Financial Studies*

Endogenous Uncertainty and Credit Crunches”.Abstract Download Paper

. 2021. “*Revise and resubmit at Review of Economic Studies*

Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model”.Abstract Download Paper

. 2020. “*Revise and resubmit at American Economic Review*

Consumption, Savings, and the Distribution of Permanent Income”.Abstract Download Paper

. 2019. “*Revise and resubmit at Econometrica*

The Intertemporal Keynesian Cross”. Download Paper Old 2017 version

. 2018. “*Revise and resubmit at Journal of Political Economy*

Excess Savings and Twin Deficits: The Transmission of Fiscal Stimulus in Open Economies”.Abstract Download Paper

. Forthcoming. “*In preparation for the 2022 Macro Annual conference*

Monetary Policy in Times of Structural Reallocation.” Proceedings of the 2021 Jackson Hole Symposium.Abstract Download Paper

. Forthcoming. “What explains the decline in r*? Rising income inequality versus demographic shifts.” Proceedings of the 2021 Jackson Hole Symposium.Abstract Download Paper

. Forthcoming. “Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages.” American Economic Review. Publisher's VersionAbstract Download Paper Slides

. Forthcoming. “A Theory of Foreign Exchange Interventions.” Review of Economic Studies. Publisher's VersionAbstract Download Paper Replication code

. Forthcoming. “Indebted Demand.” Quarterly Journal of Economics, 136, 4, Pp. 2243–2307. Publisher's VersionAbstract Download Paper Slides Replication Code

. 11/2021. “Using the Sequence-Space Jacobian to Solve and Estimate Heterogeneous-Agent Models.” Econometrica, 89, 5, Pp. 2375–2408. Publisher's VersionAbstract Download Paper Slides

. 9/2021. “Positive Long-Run Capital Taxation: Chamley-Judd Revisited.” American Economic Review, 110, 1, Pp. 86-119. Publisher's VersionAbstract Download Paper Replication code

. 1/2020. “Endogenous Second Moments: A Unified Approach to Fluctuations in Risk, Dispersion and Uncertainty.” Journal of Economic Theory, 183, Pp. 625-660. Publisher's VersionAbstract Download Paper

. 9/2019. “Imperfect Public Monitoring with a Fear of Signal Distortion.” Journal of Economic Theory, 175, Pp. 1-37. Publisher's VersionAbstract Download Paper

. 5/2018. “