Working Papers

Can Growth Stabilize Debt? A Fiscal Theory Perspective with Michaela Elfsbacka-Schmöller (previously circulated as “Price Stability and Debt Sustainability under Endogenous Growth”)[VoxEU]
Revise & Resubmit at American Economic Journal: Macroeconomics

Resolving New Keynesian Puzzles with Maria Eskelinen and Chris Gibbs

Average inflation targeting in Calvo model with imperfect knowledge and learning with Seppo Honkapohja

Belief Heterogeneity and the Income-Wealth Relationship with Tristan J. Nighswander [online appendix]

Publications

On Robustness of Average Inflation Targeting with Seppo Honkapohja [VoxEU]
European Economic Review, 183 (2026)

Determinacy and E-stability with Interest Rate Rules at the Zero Lower Bound with Yunjong Eo [online appendix]
Journal of Money, Credit and Banking, 57(4) (2025), 951-979.

Coherence without Rationality at the Zero Lower Bound with Guido Ascari and Sophocles Mavroeidis
Journal of Economic Theory, 214 (2023).

Does my model predict a forward guidance puzzle? with Chris Gibbs
Review of Economic Dynamics, 51 (2023), 393-423.

The Power of Forward Guidance and the Fiscal Theory of the Price Level
International Journal of Central Banking, 17(5) (2021)(correction)

E-Stability vis-a-vis Determinacy in Regime-Switching Models (old draft here)
Journal of Economic Dynamics and Control, 121 (2020).