Working Papers

Can Growth Stabilize Debt? A Fiscal Theory Perspective (with Michaela Elfsbacka-Schmöller; previously circulated as “Price Stability and Debt Sustainability under Endogenous Growth”)[VoxEU]

Resolving New Keynesian Puzzles (with Maria Eskelinen and Chris Gibbs)

On Robustness of Average Inflation Targeting (with Seppo Honkapohja) [VoxEU]

Average inflation targeting in Calvo model with imperfect knowledge and learning (with Seppo Honkapohja)

Belief Heterogeneity and the Income-Wealth Relationship (with Tristan J. Nighswander) [online appendix]

Published and Forthcoming Papers

Determinacy and E-stability with Interest Rate Rules at the Zero Lower Bound (with Yunjong Eo) [online appendix]
Journal of Money, Credit and Banking, forthcoming.

Does my model predict a forward guidance puzzle? (with Chris Gibbs)
Review of Economic Dynamics, 51 (2023), 393-423.

Coherence without Rationality at the Zero Lower Bound (with Guido Ascari and Sophocles Mavroeidis)
Journal of Economic Theory, 214 (2023).

The Power of Forward Guidance and the Fiscal Theory of the Price Level
International Journal of Central Banking, 17(5) (2021)(correction)

E-Stability vis-a-vis Determinacy in Regime-Switching Models (old draft here)
Journal of Economic Dynamics and Control, 121 (2020).

Work in Progress

Sunspots and the ZLB (with Maria Eskelinen, Chris Gibbs, and Michaela Haderer)