Publications​

European Economic Review, Volume 119, October 2019 [Link]

Accepted Draft [PDF] Replica Code [ZIP] Working Paper [CEPR wp]

Article on Vox `The financial origin of the euro area fiscal wound'  [Link]

Billet de blog pour l'OFCE (FR) `L’origine financière de la blessure budgé...

Approved for publication in the forthcoming Economics and Finance Oxford Research Encyclopedia edited by Jonathan Hamilton by Oxford University Press [Warwick wp]

Updated version:
BVARs: Estimation [Oxford Research Encyclopedia] [PDF]
BVARs: Applications [Oxford Re...

[French] La Revue de l’OFCE, January 2018 [Link] [PDF]

[English] La Revue de l’OFCE, September 2018 [Link] 

This article presents some recent theoretical and empirical contributions to the macroeconomic literature that challenge the perfect information hypothesis. By tak...

Download [PDF] [Online Appendix]

Journal of Monetary Economics Volume 90, October 2017, Pages 13-27 [Link]


Abstract: Using a large Bayesian VAR, we approximate the flow of information received by economic agents to investigate the effects of changes to government purcha...

Dowload [JME] [ECB wp] [Appendix]

Journal of Monetary Economics, Volume 82, September 2016, Pages 107-118
Bloomberg Quint

Abstract: This paper investigates the influence of fiscal policy communication on the propagation of government spending shocks. We propose a new i...

Nuclear Physics B Volume 845, Issue 2, 11 April 2011, Pages 190-211 [Link]

The AdS/hydrodynamics correspondence provides a 1–1 map between large wavelength features of AdS black branes and conformal fluid flows. In this note we consider boundaries between nonrelativisti...

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Working Papers​

Slides ECB-Cleveland Inflation Conference (May 2020) [PDF

New Draft [PDF], Warwick wp [Link], OFCE wp [Link], CEPR Discussion Paper [Link]

A view often expressed by central banks is that thre...

New Draft (Apr 2020) [PDF] and slides [PDF]
 

This paper discusses conditions for identification of structural shocks with external instruments in VARs, under partial invertibility. This is a very...