Trade Flows and Fiscal Multipliers
(With Matteo Cacciatore)
Shows analytically and in a quantitative business-cycle model estimated with Bayesian inference that fiscal multipliers can be larger in economies more open to trade, even when fiscal expansions imply a trade deficit.

Green Policies, Aggregate Investment Dynamics and Vintage Effects
(With Giuseppe Fiori)
Develops a neoclassical growth model with heterogeneous firms and shows the underlying distribution of these firms is central for the macroeconomic implications of a carbon tax.

Fiscal Consolidation with Public Wage Reductions
(With Juin-Jen Chang, Hsieh-Yu Lin, and Shu-Chun S. Yang)
Demonstrates that an exogenous public wage reduction can reduce real private wages in the short run, depending on the degree of nominal wage rigidities and labor mobility frictions.

Hours and Employment over the Business Cycle
(With Matteo Cacciatore and Giuseppe Fiori)
Introduces a parsimonious set of features into a quantitative business-cycle model with search-and-matching frictions to ensure the model can reproduce the comovement of the labor margins with themselves and with macro data.

Sovereign Risk and Fiscal Information: A Look at the U.S. State Default of the 1840s
(With Huixin Bi)
Constructs a novel measure of fiscal information for U.S. state governments based on U.S. newspaper articles in the 1830s and 1840s. Finds the impact of these state fiscal information measures on bond prices varied across states and across time (before versus during the crisis).