Senior Economist
Division of Research and Statistics, Federal Reserve Board of Governors
The views expressed here are my own and do not necessarily represent the views of the Federal Reserve Board of Governors, the Federal Reserve System, or the Federal Open Market Committee.
Household Consumption Does Not Respond Directly to Interest Rates: Evidence From 10 Macroeconomic Shocks
Firm Dynamics, Inflation, and the Transmission of Monetary Policy
The Importance of Entry in the Business Cycle: What are the Roles of Markups, Adjustment Costs, and Heterogeneity?
Stuck at Home: Housing Demand during the COVID-19 Pandemic
Debt Payments and Spending: Evidence from the 2023 Student Loan Payment Restart
Wealth Heterogeneity and Consumer Spending
Winners and Losers from Recent Asset Price Changes