WORKING PAPERS December 2025 Structural Reinforcement Learning for Heterogeneous Agent Macroeconomics with Yucheng Yang, Chiyuan Wang and Benjamin Moll December 2025 Monetary and Fiscal Policy According to HANK-IO with Stacy Yingqi Tan December 2025 Intergenerational Welfare Assessments with Sergi Barcons and Eduardo Dávila October 2025 Welfare Accounting with Eduardo Dávila Revise and resubmit at Review of Economics Studies June 2025 Time Inconsistency with Heterogeneous Agents with Eduardo Dávila May 2025 A Dynamic Theory of Optimal Tariffs with Eduardo Dávila, Andrés Rodríguez-Clare and Stacy Yingqi Tan December 2023 Optimal Monetary Policy with Heterogeneous Agents: Discretion, Commitment, and Timeless Policy with Eduardo Dávila Revise and resubmit at American Economic Review JOURNAL PUBLICATIONS September 2025 Welfare Assessments with Heterogeneous Individuals with Eduardo Dávila Journal of Political Economy, 133(9): 2918-2961 September 2025 Bail-Ins, Optimal Regulation, and Crisis Resolution with Christopher Clayton Review of Financial Studies, 38(9): 2810-2843 February 2025 A Theory of Dynamic Inflation Targets with Christopher Clayton American Economic Review, 115(2): 448-490 August 2022 Multinational Banks and Financial Stability with Christopher Clayton Quarterly Journal of Economics, 137(3): 1681-173 OLD WORKING PAPERS May 2023 Dynamic Programming in Continuous Time with Adaptive Sparse Grids with Allen T. Zhang November 2020 Micro and Macro Uncertainty OTHER PUBLICATIONS November 2022 Sparse Grids for Dynamic Economic Models with Johannes Brumm, Christopher Krause, Simon Scheidegger Oxford Research Encyclopedia of Economics and Finance May 2014 Central Bank Balance Sheets: Expansion and Reduction since 1900 with Niall Ferguson and Moritz Schularick Proceedings of the ECB Forum on Central Banking
