Countercyclical Dispersion of Price Changes: Causes and Implications, July 2022
Countercyclical dispersion of price changes is caused by diverging price adjustment between goods of different quality.
The Markup Elasticity of Monetary Non-neutrality, Nov 2022
with Christian Höynck and Donghai Zhang
It is equal to 1 in the past three decades.
Optimal Monetary Policy with Asymmetric Shocks and Rational Inattention, New Draft Coming Soon
With Ho-Mou Wu
We propose a revised price index for the central bank to stabilize.