Institution Building without Commitment
2024 | American Economic Review, 114(11): 3627-3468 | With Zhen Huo and José-Víctor Ríos-Rull
A Ramsey Theory of Financial Distortions
2024 | Journal of Political Economy, 132(8): 2612-2654 | With Wei Cui
Previously: Federal Reserve Bank of Minneapolis Staff Report 643
Discussion of “Fiscal Federalism and Monetary Unions” by Berriel, Gonzalez-Aguado, Kehoe, and Pastorino
2023 | Journal of Monetary Economics, 141: 178-183 | With Jason Hall
Mobility, Population Growth, and Public Capital Spending in the United States
2021 | Review of Economic Dynamics, 41: 255-277 | With Leslie McGranahan
Is Inflation Default? The Role of Information in Debt Crises
2019 | American Economic Review, 109(10): 3556-84 | With Carlo Galli
Forward Guidance: Communication, Commitment, or Both?
2019 | Journal of Monetary Economics, 108: 69-86
The Fiscal Theory of the Price Level in a World of Low Interest Rates
2018 | Journal of Economic Dynamics and Control, 89: 5-22 | With Wei Cui
Speculative Runs on Interest Rate Pegs
2015 | Journal of Monetary Economics, 73: 99-114 | With Christopher Phalen
Credit Crunches and Credit Allocation in a Model of Entrepreneurship
2015 | Review of Economic Dynamics, 18(1): 53-76 | With Marco Cagetti and Mariacristina De Nardi
Optimal Fiscal Policy with Heterogeneous Agents
2014 | Quantitative Economics, 5(3): 675-704
Fiscal Consequences of Paying Interest on Reserves
2013 | Fiscal Studies, 34(4): 413-436 | With Todd Messer
Tax Riots
2008 | The Review of Economic Studies, 75(3): 649-669 | With Christopher Phalen
Political Economy of Taxation in an Overlapping-Generations Economy
2008 | Review of Economic Dynamics, 11(1): 18-43
Politics and Efficiency of Separating Capital and Ordinary Government Budgets
2006 | The Quarterly Journal of Economics, 121(4): 1167-1210 | With Thomas J. Sargent
Redistribution, Taxes, and the Median Voter
2006 | Review of Economic Dynamics, 9(2): 211-223 | With Jess Benhabib
Equilibrium and Government Commitment
2005 | Journal of Economic Theory, 124(1), 79-105
On the Irrelevance of Government Debt When Taxes are Distortionary
2004 | Journal of Monetary Economics, 51(2): 299-304 | With Narayana Kocherlakota
A Game-Theoretic View of the Fiscal Theory of the Price Level
2002 | Econometrica, 70(6): 2167-2195
Exchange Rate and Inflation Risks in Portfolio Choices
1991 | Rivista Internazionale di Scienze Economiche e Commerciali, 38(10/11): 949-968
