Work in progress

See ideas/repec for download links

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy (2016), with Nils Gornemann and Makoto Nakajima.
Revise and resubmit at Econometrica. Latest version

The Case for Flexible Exchange Rates in a Great Recession (2016), with Giancarlo Corsetti and Gernot Müller. Under revision for the IMF Economic Review. CKM_FlexibleExchangeRates

European Unemployment Insurance (in progress), with Marek Ignaszak and Philip Jung.

Low nominal rates and the saver: a tale of two countries? (in progress), with Pablo Guerrón-Quintana. slides

Older (dormant) papers

Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications (2009), with Christoffel, Costain, de Walque, Linzert, Millard, and Pierrard, Philadelphia Fed WP 09-6. Download.