Welcome to my website! I am a research economist focusing on monetary economics, macro-finance and climate finance.
- Senior Research Advisor at the Federal Reserve Bank of San Francisco
- Director of the Center for Monetary Research at the SF Fed
- Lecturer at UC Berkeley, Haas School of Business
- Associate Editor at the Journal of Financial Econometrics, the Journal of Business & Economic Statistics, and the Journal of Money, Credit and Banking
- Research Fellow at CEPR, CESifo, and the IMFS
- Senior Research Fellow at the University of Hamburg
My research mainly studies the role of financial markets for the macroeconomy, monetary policy, and the green transition. I am particularly interested in understanding the effects of monetary policy on the yield curve and asset prices—including monetary policy surprises, forward guidance, monetary policy communication, quantitative easing, monetary policy uncertainty, and risks to the economic outlook. More recently I’ve been studying issues in climate economics and climate finance, including the pricing of climate risks.
CV 🔹 Fed Website 🔹 Google Scholar 🔹 RePeC 🔹 SSRN
- Monetary Economics
- Macro-Finance
- Climate Finance
Ph.D. in Economics, 2010
University of California, San Diego
M.A. in Quant. Economics and Finance, 2005
University of St. Gallen, Switzerland
B.A. in Economics, 2003
University of St. Gallen, Switzerland
News
🏛️ New SF Fed Center for Monetary Research 🏛️
The Center for Monetary Research (CMR) is a new initiative launched by the San Francisco Fed that aims to improve our understanding of the links between monetary policy, financial markets, and the macroeconomy. Among the CMR data pages are three that make available updated estimates for some of my papers:
- Treasury Yield Skewness (based on 2024 JF paper with Chernov)
- Monetary Policy Surprises (based on 2023 NBERMA paper with Swanson)
- Monetary Policy Uncertainty (based on 2022 EJ paper with Lakdawala & Mueller)
Current Work
Corporate Green Pledges
with Daniel Huber, Eric Offner, Marlene Renkel, and Ole Wilms
Revise-and-resubmit at Review of Financial Studies
Green Stocks and Monetary Policy Shocks: Evidence from Europe
with Eric Offner and Glenn Rudebusch
Forthcoming in European Economic Review
FOMC Communication Events and Monetary Transmission
with Miguel Acosta, Andrea Ajello, Francesca Loria, and Silvia Miranda-Agrippino
Risk Appetite and the Macroeconomic Effects of Monetary Policy
with Maik Schmeling and Andreas Schrimpf
The Response of Prices to Monetary Policy: Firm-Level Evidence from Sweden
with Alexander Czarnota and Mathias Klein
Effects of Carbon Policies on Inflation Expectations
with Diego Känzig and Glenn Rudebusch
Seminars
SF Fed Macro-Finance Workshop
The CMR Macro-Finance Workshop is a quarterly meeting with our visiting scholars, featuring two presentations of macro-financial or monetary research.
Virtual Seminar on Climate Economics
The Virtual Seminar on Climate Economics is a bi-weekly online seminar by leading researchers in climate economics and climate finance. This online seminar series is open to everyone interested in research on the economics of climate change.
Disclaimer: The material on this website does not represent the views of the Federal Reserve Bank of San Francisco or the Federal Reserve System.