The views expressed here do not reflect those of the Federal Reserve Board or Federal Reserve System.


Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response? 

with Sydney C. Ludvigson (NYU) and Serena Ng (Columbia)

AEJ: Macro, Forthcoming

NBER Working Paper No. 21803, Media Coverage: Bloomberg View

Macro and Financial Uncertainty Index (Updated every February and August) Last Update: 2020 FEB.

Capital Share Risk in U.S. Asset Pricing (Appendix)

with Martin Lettau (Berkeley Hass) and Sydney C. Ludvigson (NYU)

Journal of Finance 74(4), August 2019, pp. 1753-1792.

NBER Working Paper No. 20744, Replication Files

Policy Notes

Quantifying the Impact of Foreign Economic Uncertainty on the U.S. Economy  (Juan M. Londono and Beth Anne Wilson), FEDS Notes, October 2019

Working Papers

Private Equity and the Macroeconomy (NEW draft Jan. 2020)

with Boyan Jovanovic (NYU) and Peter L. Rousseau (Vanderbilt) 

Housing Cycles and Exchange Rates  (Dec. 2019, Slides for AFA2020)

with Shaojun Zhang (OSU Fisher)

Shock Restricted Structural Vector-Autoregressions (Jan. 2020, Slides for AEA2020, Submitted)

with Sydney C. Ludvigson (NYU) and Serena Ng (Columbia)

NBER Working Paper No. 23225

Uncertainty and Growth Disasters (Under Review)

with Boyan Jovanovic (NYU)

Heterogeneous Intermediaries and Asset Prices  (Under R&R)

Competition and Implementation Cycles (Under R&R)

Selected Work in Progress

Momentum Undervalue Puzzle 

with Martin Lettau (Berkeley Haas) and Sydney Ludvigson (NYU)

Asset Prices and Dynamic Intermediation Chains in OTC Markets (Under Major Revision)