Research

Working Papers and/or Under Review

"Trade Flows and Credit Shocks in Global Supply Chains"

“The Effect of Household Debt on Safety-Net Participation" (with Nicholas Moellman)

“Financial Reform and Mortgage Lending in America’s Heartland” (with Gary Cornwall and Beau Sauley)

Journal Articles

"Monetary Policy and Credit Flows: A Tale of Two Effective Lower Bounds" (with Ana Maria Herrera), Journal of Economic Dynamics and Control, forthcoming. (Appendix)

“Monetary Policy and Credit Flows”, Journal of Macroeconomics, Vol. 70, 103362, December 2021. (Appendix)

“SAFE: An Early Warning System for Systemic Banking Risk” (with Mikhail Oet, Dieter Gramlich, and Stephen Ong), Journal of Banking & Finance, Vol. 37, Issue. 11, 4510-4533, November 2013.

Other Research

“The Often-Ignored Regional Banking Sector” (with Lakshmi Balasubramanyan), Economic Commentary, No. 2015-01. Federal Reserve Bank of Cleveland.

“Systemic Risk Early Warning System: A Micro-Macro Prudential Synthesis” (with Mikhail Oet, Ryan Eiben, Dieter Gramlich, Stephen Ong, and Jing Wang) in Handbook on Systemic Risk (J.P. Fouque and J.A. Langsam, Eds.), Cambridge University Press, 2013, 791 - 846.

“The Cleveland Financial Stress Index” (with Mikhail Oet and Stephen Ong), Economic Commentary, No. 2012-04. Federal Reserve Bank of Cleveland.

“Household Balance Sheets and the Recovery” (with Filippo Occhino), Economic Commentary, No. 2011-05. Federal Reserve Bank of Cleveland.

“Inflation: Noise, Risk, and Expectations” (with Joseph Haubrich), Economic Commentary, No. 2010-05. Federal Reserve Bank of Cleveland.