Research

Working papers

• Marginal Propensities to Consume with Mental Accounting [September 25]
  SSRN
  R&R at Journal of the European Economic Association
  

• The Macroeconomic Implications of Coholding, with Michael Boutros [September 25]
  Bank of Canada Staff WP
  

• Income Inequality and the Rise of Risky Capital [August 25]
  

• Domestic Inequality and Global Imbalances, with Jan Mazza [December 25]
  SSRN
  

• Monetary policy in the news: communication pass-through and inflation expectations, with Fiorella De Fiore, Alexis Maurin and Damiano Sandri [December 24]
  BIS WP, CEPR DP, VoxEU
  

Work in progress

• Decomposing Cross-Country Trends in Income Inequality, with Jan Mazza
• Equity Duration and Monetary Policy Transmission, with Johannes Graeb

Publications

• The Reliability of Equilibrium Exchange Rate Models: A Forecasting Perspective,
  with Michele Ca’Zorzi, Adam Cap and Michal Rubaszek
  International Journal of Central Banking (2022)
  ECB WP, Replication files, Slides for ISF21
  Coverage: Econbrowser, Macrohive
  

Policy work

• Services Trade Liberalisation and Global Imbalances: a Critical Review of the Empirical Evidence,
  with Georgios Georgiadis
  ECB Economic Bulletin Box, Vol. 5, 2019