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New Papers & Updates
Myopia and Anchoring. Incomplete information, or RI, and higher-order uncertainty equal myopia and anchoring. Reduce a gap between micro and macro. Applications to NKPC, C, and I. [slides]
Business Cycle Anatomy. A characterization of the data aimed at guiding parsimonious models [slides]
On the Propagation of Demand Shocks. A Keynesian mechanism without sticky prices. [slides]
Welfare Theorems for Inattentive Economies. [draft coming soon] [slides]
Forward Guidance without Common Knowledge. [forthcoming in AER] [slides]
Quantifying Confidence. [forthcoming in Econometrica] [slides]
Frictional Coordination. [forthcoming in JEEA] Synthesizes my research on expectations and business cycles.
Optimal Monetary Policy with Informational Frictions [R&R in JPE] [slides]
Public Debt as Private Liquidity: Optimal Policy [R&R in JPE] [slides]
