Working Papers

Revisiting Wage Rigidity and Welfare in Currency Unions: The Role of Downward Nominal Wage Rigidity, with Joonseok Oh.

Publication

Fueling Expectations: The Causal Impact of Gas Prices on Inflation Expectations and Consumption (slides), with Ben Klopack ,  Journal of Monetary Economics, Volume 153, 2025, 103797. 

Beyond the Spike at Zero: Understanding Nominal Wage Rigidity through Empirical and Model-Based Approaches, Journal of International Economics, Volume 157, 2025, 104117.

Download State-level DNWR measures (link)

State dependent government spending multipliers: Downward nominal wage rigidity and sources of business cycle fluctuations (slides), with Sarah Zubairy, NBER Working Paper 30025,  Mosbacher Institute: the Takeaway, American Economic Journal: Macroeconomics, 17(1): 379-413 (Replication package).

The impact of retail e-commerce on relative prices and consumer welfare, with Misaki Matsumura and David E. Weinstein, NBER Working Paper 26506, The Review of Economics and Statistics (2024) 106 (6):1675-1689.