Publications

The U.S., Economic News, and the Global Financial Cycle, with Christoph E. Boehm

[Journal version] [WP version]

The Review of Economic Studies (2026), Volume 93, Issue 1, Pages 215–249 

Press coverage: Bloomberg, LSE USAPP, NBER Digest

Working Papers

How Do Cryptocurrencies Price Economic News?, with Idrees Mohammed and Clara Vega

[Link] ｜March 2026

Monetary Policy without Moving Interest Rates: The Fed Non-Yield Shock, with Christoph E. Boehm

[Link] ｜September 2025｜Fed Non-Yield Shock 

Presentations: CBMMW 2021; AFA 2024; Maryland*; NBER SI 2024; Dallas Fed*; George Washington; Bilkent; WF Empirical Macro 2024*; Bank of Israel*; NBER AP Fall 2024; SEA 2024; AEA 2025; Fed Board; BYU*; MFA 2025; UC San Diego*; SFS Cavalcade NA 2025;...

How Markets Process Macro News: The Importance of Investor Attention

[Link] ｜December 2025

Presentations: CFE 2023; GEA 2023; NASMES 2024; SED 2024; Texas Monetary Conference 2025; FRB Macro-Finance Workshop 2025; NBER SI 2025;  IBFC 2025; SFS Cavalcade NA 2026 (scheduled)

Permanent Working Papers

Firm-Level Uncertainty and the Transmission of Forward Guidance to Investment

[Link] ｜October 2021