Working Papers

The Real Effects of Credit Booms and Busts (with Simon Gilchrist and Egon Zakrajsek)

July 2019

Uncertainty and International Capital Flows (with Francois Gourio and Adrien Verdelhan)

December 2015

Learning, Rare Disasters, and Asset Prices (with Yang K. Lu)

January 2016; First version: September 2011

FEDS Working Paper 2013-85

Firm entry and Employment Dynamics in the Great Recession

February 2016 , First version: March 2012

old version: FEDS Working Paper 2014-56

In the media:; Speech by Chair Yellen

Work in Progress

A Missing Generation of Firms? Aggregate Effects of the Decline in New Business Formation (with Francois Gourio)