Preprint

I present new micro evidence on the relationship between unemployment risk and MPCs and study its implication to the dynamic of the MPC over the business cycle and the effectiveness of stimulus checks during recessions.

We develop an econometric framework for rapid and efficient estimation of heterogeneous-agent models with micro data and apply it to a medium-scale HANK model, quantifying the importance of heterogeneous earnings exposures in the transmission of monetary policy.

I examine the role of hand-to-mouth households in the transmission of government spending using a cross-regional identification approach.

A quantitative assessment of the distributional welfare effects of countercyclical UI