WORKING PAPERS

"Population Aging and the Transmission of Monetary Policy to Consumption", online appendix (Updated April 2016) 

"Trading Down and the Business Cycle", with Nir Jaimovich and Sergio Rebelo (Updated August 2015)

The Elasticity of Substitution between Time and Market Goods: Evidence from the Great Recession”, with Aviv Nevo (Updated August 2015)           See summary in the NBER digest

 

WORK-IN-PROGRESS

“Wealth in the Pantry: Implications of Consumer Inventory Stockpiling for Household Savings”

“Cyclical Fluctuations in Firms’ Gross Margins”, with Eric Anderson and Sergio Rebelo

“Heterogeneous Refinancing and New Borrowing Responses to Interest Rate Shocks: Evidence from Equifax”, with Alejandro Justiniano and Aaron Kirkman