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Journal Article
Oil Prices: Is Supply or Demand Behind the Slump?
A standard decomposition suggests the role of oil supply (understood as the current physical availability of crude) has been small.
Journal Article
Recent ECB Policy and Inflation Expectations
Market participants may not expect recent ECB policy to boost inflation.
Journal Article
Oil Prices and Inflation Expectations: Is There a Link?
Oil prices and inflation expectations sometimes move in tandem. A close look at three types of shocks to oil prices suggests that not all shocks relate to inflation expectations in the same manner.
Journal Article
Higher taxes for top earners: can they really increase revenue?
Journal Article
Exploring the link between drug use and job status in the U.S.
Journal Article
Quantitative Macro Versus Sufficient Statistic Approach: A Laffer Curve Dilemma?
This article highlights two approaches to tax policy for the top 1 percent of earners. On the one hand are dynamic general equilibrium models requiring complicated calibration and simulation algorithms and strong structural assumptions. On the other hand is the sufficient statistic approach, which attempts to parsimoniously reach the trinity of empirical, theoretical, and policy relevance. The author illustrates ongoing work highlighting explicit connections between these two approaches.