Research & policy

Research and policy work

Research · Policy work

Research

Staff analytical paper2026

Prima: The Bank of Canada’s New Projection and Policy-Analysis Model—An Overview

Bank of Canada Staff Analytical Paper 2026-47 · Coletti et al.

Published2024

Behavioral Learning Equilibria in New Keynesian Models

Quantitative Economics · with C. Hommes, K. Mavromatis and M. Zhu

Published2024

Heterogeneous Expectations and the Business Cycle at the Effective Lower Bound

International Journal of Central Banking

Working paper2024

Endogenous Credibility and Wage-Price Spirals

Bank of Canada Staff Working Paper 2024-14 · with O. Kostyshyna and Y. Zhang

Under review2023

Restricted Perceptions, Regime Switches and the Effective Lower Bound

Under review · with R. Wouters

Perpetual working paper2023

Misallocation and Productivity Growth: a Meta-analysis

DNB Working Paper No. 774 · with M. Bun and T. Kolaiti

Perpetual working paper2021

Macroprudential Policy Interactions in a Sectoral DSGE Model with Staggered Interest Rates

Bank of England Staff Working Paper No. 904 · with M. Hinterschweiger, K. Khairnar and T. Stratton

Published2017

Results of a Massive Experiment on Virtual Currency Endowments and Money Demand

PLoS One · with E. Castronova, N. Zivic, I. Andjelkovic and M. Dekic

Policy work

ADB2026

Asian Development Outlook, September 2026: Navigating Prolonged Energy Shocks and El Niño

Asian Development Bank · contributing author, Part 1

  • Box 1.2.1: Are Producer Prices a Good Leading Indicator of Consumer Price Inflation in Asia and the Pacific? · with S. Camingue-Romance
  • Box 1.3.2: Risk Scenarios for El Niño and Energy Market Disruption
ADB2026

Monetary Policy in High-Debt Environments

Asian Development Outlook, September 2026, analytical chapter · co-lead, with J. K. Galimberti and S. Tian

ADB2026

Asian Development Outlook, July 2026: A Fragile Outlook as Energy Market Disruptions Persist

Asian Development Bank · contributing author, Part 1

Bank of Canada2025

Anchoring Inflation Expectations Around the Liberation Day Tariff Scenario

CEA Modelling News · with Y. Zhang and J. Jensen

Bank of Canada2023

Costs and Benefits of Pausing Rates Under De-anchoring Risk

CEA Modelling News · with Y. Zhang

Bank of Canada2023

Managing the Risks of Tightening Too Much Versus Not Enough

CEA Inquiry · with G. Cateau, V. Chu and Y. Zhang

Bank of Canada2023

Implications of Rapidly Returning the Policy Rate to Neutral

Briefing note

Bank of Canada2022

Risks of De-anchoring Canadian Inflation: Insights from Heterogeneous Expectations

CEA Modelling News · with Y. Zhang

Bank of Canada2022

Assessing FAD Models: Out-of-sample Forecast Performance

Internal note · with D. Coletti and others

Bank of Canada2022

Assessing the FAD Models: Event Studies in ToTEM and LENS

Internal note · with F. Bounajm and D. Coletti

ECB2021

Monetary-Fiscal Policy Interactions in the Euro Area, Box 17

ECB Occasional Paper Series No. 273 · with G. Galati, D. Bonam and S. Poelhekke

DNB2020

Price Setting Behaviour and Balance Sheets in the Netherlands: Evidence from Microdata

De Nederlandsche Bank, PRISMA network

Bank of England2020

Transmission Channels of LTI vs. LTV Limits in the UK

Underground note, Bank of England