{"id":43,"date":"2023-02-23T14:19:02","date_gmt":"2023-02-23T18:19:02","guid":{"rendered":"https:\/\/sites.nd.edu\/edennis\/?page_id=43"},"modified":"2026-06-12T13:10:47","modified_gmt":"2026-06-12T17:10:47","slug":"research","status":"publish","type":"page","link":"https:\/\/sites.nd.edu\/esims\/research\/","title":{"rendered":"Research"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Working Papers (most recent first):<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;Did the Fed Do What It Said? Average Inflation Targeting Post-2020&#8221; with Dario Cardamone, Victoria Consolvo, and Irakli Shalikashvili, October 2025, <a href=\"https:\/\/sites.nd.edu\/esims\/files\/2025\/10\/csss_paper2.pdf\" data-type=\"attachment\" data-id=\"990\">pdf<\/a>. <\/li>\n\n\n\n<li>&#8220;Unconventional Monetary Policy According to HANK&#8221; with Cynthia Wu and Ji Zhang, July 2024,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2024\/08\/SWZ_HANK.pdf\" data-type=\"attachment\" data-id=\"870\">pdf<\/a>.\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #30329: <a href=\"https:\/\/www.nber.org\/papers\/w30329\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Bury the Gold Standard? A Quantitative Exploration&#8221; with Anthony Diercks and Jonathan Rawls, June 2021,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/06\/drs_gold_june2021.pdf\" data-type=\"attachment\" data-id=\"592\">pdf<\/a>. \n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #28015: <a href=\"https:\/\/www.nber.org\/papers\/w28015\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Can New Keynesian Models Survive the Barro-King Curse?&#8221; with Guido Ascari and Louis Phaneuf, March 2019,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/06\/Barro-King_march2019.pdf\" data-type=\"attachment\" data-id=\"595\">pdf<\/a>, revise and resubmit. \n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #22941,&nbsp;<a href=\"https:\/\/www.nber.org\/papers\/w22941\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Growth or the Gap?&nbsp; Which Measure of Economic Activity Should be Targeted in Interest Rate Rules?&#8221; November 2013,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/06\/growth_or_gap_november2013.pdf\" data-type=\"attachment\" data-id=\"593\">pdf<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Peer-Reviewed Publications (most recent first):<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;Living Up to Expectations: The Effectiveness of Forward Guidance and Inflation Dynamics post-Global Financial Crisis&#8221; with Stephen Cole and Enrique Martinez Garcia, <a href=\"https:\/\/sites.nd.edu\/esims\/files\/2026\/04\/Living_Up_to_Expectations___For_Editor-2.pdf\" data-type=\"attachment\" data-id=\"1090\">pdf<\/a>. <em>European Economic Review<\/em> 188: August 2026.\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #31777: <a href=\"https:\/\/www.nber.org\/papers\/w31777\" data-type=\"link\" data-id=\"https:\/\/www.nber.org\/papers\/w31777\">link<\/a><\/li>\n\n\n\n<li>Link to published version: <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0014292126001297\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Tracking Weekly State-Level Economic Conditions&#8221; with Christiane Baumeister and Danilo Leiva-Leon, March 2024,&nbsp;<a href=\"https:\/\/drive.google.com\/file\/d\/1TaJPL4MKbUKXsEiM27kvVN-NGfKHsG2Z\/view\">pdf<\/a>. &nbsp;<em>Review of Economics and Statistics<\/em> 106(2): 483-504. Online appendix:&nbsp;<a href=\"https:\/\/drive.google.com\/file\/d\/18VM_-pPYc_ylRgnj-OL623u7nf3VbsNk\/view\">pdf<\/a>.\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #29003: <a href=\"https:\/\/www.nber.org\/papers\/w29003\">link<\/a><\/li>\n\n\n\n<li>Link to published version: <a href=\"https:\/\/direct.mit.edu\/rest\/article\/106\/2\/483\/109265\/Tracking-Weekly-State-Level-Economic-Conditions\">link<\/a><\/li>\n\n\n\n<li>Link to data dashboard:&nbsp;<a href=\"https:\/\/sites.google.com\/view\/weeklystateindexes\/dashboard\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;The Four-Equation New Keynesian Model&#8221; with Cynthia Wu and Ji Zhang, July 2023, <a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/04\/SWZ_restat.pdf\" data-type=\"attachment\" data-id=\"263\">pdf<\/a>. <em>Review of Economics and Statistics<\/em> 105(4): 931-947. Online appendix:&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/04\/SWZ_online_appendix.pdf\" data-type=\"attachment\" data-id=\"261\">pdf<\/a>.\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #26067:&nbsp;<a href=\"https:\/\/www.nber.org\/papers\/w26067\">link<\/a><\/li>\n\n\n\n<li>Link to published version: <a href=\"https:\/\/direct.mit.edu\/rest\/article-abstract\/doi\/10.1162\/rest_a_01071\/102828\/The-Four-Equation-New-Keynesian-Model\">link<\/a>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Wall Street QE vs. Main Street Lending&#8221; with Dario Cardamone and Cynthia Wu, July 2023, <a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/sw5_eer_r1.pdf\" data-type=\"attachment\" data-id=\"312\">pdf<\/a>, <em>European Economic Review<\/em> 156: 104475\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #27295: <a href=\"https:\/\/www.nber.org\/papers\/w27295\">link<\/a><\/li>\n\n\n\n<li>Link to published version: <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0014292123001046\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Identifying Monetary Policy Shocks Using the Central Bank&#8217;s Information Set&#8221; with Ruediger Bachmann and Isabel Goedl-Hanisch, December 2022,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/bghs_mp.pdf\" data-type=\"attachment\" data-id=\"392\">pdf<\/a>,&nbsp;<em>Journal of Economic Dynamics and Control<\/em> 145: 104555. \n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #29572: <a href=\"https:\/\/www.nber.org\/papers\/w29572\">link<\/a><\/li>\n\n\n\n<li>Link to published version: <a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0165188922002585#:~:text=We%20identify%20monetary%20policy%20shocks,rate%20unrelated%20to%20economic%20conditions.\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks&#8221; with Andre Kurmann, May 2021,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/NewTFPNews_oct2019_final.pdf\" data-type=\"attachment\" data-id=\"393\">pdf<\/a>,&nbsp;<em>Review of Economics and Statistics<\/em>&nbsp;103(2): 216-235. Online appendix:&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/NewTFPNews_appendix.pdf\" data-type=\"attachment\" data-id=\"449\">pdf<\/a>. \n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #23142:&nbsp;<a href=\"https:\/\/www.nber.org\/papers\/w23142\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"https:\/\/direct.mit.edu\/rest\/article\/103\/2\/216\/97683\/Revisions-in-Utilization-Adjusted-TFP-and-Robust\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Evaluating Central Banks&#8217; Tool Kit: Past, Present, and Future&#8221; with Cynthia Wu, March 2021,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/SW.pdf\" data-type=\"attachment\" data-id=\"397\">pdf<\/a>,&nbsp;<em>Journal of Monetary Economics<\/em>&nbsp;118: 135-160. \n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #26040:&nbsp;<a href=\"https:\/\/www.nber.org\/papers\/w26040\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0304393220300477\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Are QE and Conventional Monetary Policy Substitutable?&#8221; with Cynthia Wu, February 2020,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/SW3.pdf\" data-type=\"attachment\" data-id=\"401\">pdf<\/a>,&nbsp;<em>International Journal of Central Banking<\/em>&nbsp;16(1): 195-230. \n\n\n<ul class=\"wp-block-list\">\n<li>Link to published version:&nbsp;<a href=\"https:\/\/www.ijcb.org\/journal\/ijcb2002_4.htm\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Without Looking Closer, it May Seem Cheap: Low Interest Rates and Government Borrowing&#8221; with Julio Garin, Robert Lester, and Jonathan Wolff, July 2019,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/GLSW_Low_Rates_Government_Borrowing.pdf\" data-type=\"attachment\" data-id=\"403\">pdf<\/a>,&nbsp;<em>Economics Letters<\/em>&nbsp;180, 28-32.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Link to published version:&nbsp;<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0165176519300692\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data&#8221; with Julio Garin and Rob Lester, March 2019,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/gls_contractionary_supply.pdf\" data-type=\"attachment\" data-id=\"404\">pdf<\/a>,&nbsp;<em>Review of Economics and Statistics<\/em> 101(1): 160-175.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #22311: <a href=\"https:\/\/www.nber.org\/papers\/w22311\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"https:\/\/www.mitpressjournals.org\/doi\/abs\/10.1162\/rest_a_00723\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;On the Welfare and Cyclical Implications of Moderate Trend Inflation&#8221; with Guido Ascari and Louis Phaneuf, November 2018,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/aps_web.pdf\" data-type=\"attachment\" data-id=\"406\">pdf<\/a>,&nbsp;<em>Journal of Monetary Economics<\/em>&nbsp;(99), 56-71. \n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #21392:&nbsp;<a href=\"http:\/\/www.nber.org\/papers\/w21392\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0304393218303295\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;The Output and Welfare Effects of Government Spending Shocks over the Business Cycle&#8221; with Jonathan Wolff, August 2018,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/sims_wolff_may17.pdf\" data-type=\"attachment\" data-id=\"408\">pdf<\/a>,&nbsp;<em>International Economic Review<\/em>&nbsp;59(3), 1403-1435. Online appendix:&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/sims_wolff_ier_final_appendix.pdf\" data-type=\"attachment\" data-id=\"414\">pdf<\/a>.\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #19749: <a href=\"https:\/\/www.nber.org\/papers\/w19749\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"https:\/\/onlinelibrary.wiley.com\/doi\/abs\/10.1111\/iere.12308\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;The State-Dependent Effects of Tax Shocks&#8221; with Jonathan Wolff, August 2018,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/sims_wolff_eer_april2018.pdf\" data-type=\"attachment\" data-id=\"411\">pdf<\/a>,&nbsp;<em>European Economic Review&nbsp;<\/em>107, 57-85. \n\n\n<ul class=\"wp-block-list\">\n<li>Link to published version:&nbsp;<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0014292118300746\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Inflation, Output, and Markup Dynamics with Forward-Looking Wage and Price Setters&#8221; with Louis Phaneuf and Jean Gardy Victor, June 2018,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/psv_march2018.pdf\" data-type=\"attachment\" data-id=\"410\">pdf<\/a>&nbsp;(also NBER WP #21599,&nbsp;link),&nbsp;<em>European Economic Review<\/em>&nbsp;105, 115-134. \n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #21599:&nbsp;<a href=\"https:\/\/www.nber.org\/papers\/w21599\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1111\/jmcb.12459\/full\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Raise Rates to Raise Inflation? Neo-Fisherianism in the New Keynesian Model&#8221; with Julio Garin and Rob Lester, February 2018,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/gls_neofish_november.pdf\" data-type=\"attachment\" data-id=\"416\">pdf<\/a>,&nbsp;<em>Journal of Money, Credit and Banking<\/em>&nbsp;50(1), 243-259. \n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #22177: <a href=\"https:\/\/www.nber.org\/papers\/w22177\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"http:\/\/onlinelibrary.wiley.com\/doi\/10.1111\/jmcb.12459\/full\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;The Relative Importance of Aggregate and Sectoral Shocks and the Changing Nature of Economic Fluctuations&#8221; with Julio Garin and Michael Pries, January 2018,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/gps_march_2017.pdf\" data-type=\"attachment\" data-id=\"417\">pdf<\/a>,&nbsp;<em>American Economic Journal: Macroeconomics<\/em>&nbsp;10(1), 119-148. \n\n\n<ul class=\"wp-block-list\">\n<li>Link to published version:&nbsp;<a href=\"https:\/\/www.aeaweb.org\/articles?id=10.1257\/mac.20140089\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;State-Dependent Fiscal Multipliers: Calvo vs. Rotemberg&#8221; with Jonathan Wolff, October 2017,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/sims_wolff_calvo_rotemberg_final2017.pdf\" data-type=\"attachment\" data-id=\"419\">pdf<\/a>,&nbsp;<em>Economics Letters<\/em>&nbsp;159, 190-194. Online appendix:&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/sims_wolff_Calvo_rotemberg_appendix.pdf\" data-type=\"attachment\" data-id=\"447\">pdf<\/a>. \n\n\n<ul class=\"wp-block-list\">\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0165176517303324\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;What&#8217;s News in News? A Cautionary Note on Using a Variance Decomposition to Assess the Quantitative Importance of News Shocks&#8221; December 2016,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/sims_vardecomp_news_v2.pdf\" data-type=\"attachment\" data-id=\"421\">pdf<\/a>,&nbsp;<em>&nbsp;Journal of Economic Dynamics and Control<\/em>&nbsp;73, 41-60. \n\n\n<ul class=\"wp-block-list\">\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0165188915301044\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;On the Desirability of Nominal GDP Targeting&#8221; with Julio Garin and Robert Lester, August 2016,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/GLS_JEDC_WEB.pdf\" data-type=\"attachment\" data-id=\"423\">pdf<\/a>,&nbsp;<em>Journal of Economic Dynamics and Control<\/em>&nbsp;69, 21-44. \n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #21420: <a href=\"https:\/\/www.nber.org\/papers\/w21420\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0165188916300665\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Inflation Expectations and Readiness to Spend at the Zero Lower Bound: Cross-Sectional Evidence&#8221; with Rudi Bachmann and Tim Berg, February 2015,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/bachmann_berg_sims_current.pdf\" data-type=\"attachment\" data-id=\"425\">pdf<\/a>,&nbsp;<em>American Economic Journal: Economic Policy<\/em>&nbsp;7(1), 1-35.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #17958: <a href=\"https:\/\/www.nber.org\/papers\/w17958\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"https:\/\/www.aeaweb.org\/articles.php?doi=10.1257\/pol.20130292\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Volatility and Welfare&#8221; with Robert Lester and Michael Pries, January 2014,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/lester_pries_sims_August27.pdf\" data-type=\"attachment\" data-id=\"426\">pdf<\/a>,&nbsp;<em>Journal of Economic Dynamics and Control<\/em>&nbsp;38(1), 17-36.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0165188913001887\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Uncertainty and Economic Activity: Evidence from Business Survey Data&#8221; with Ruediger Bachmann and Steffen Elstner, April 2013,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/bachmann_elstner_sim_vers3_rev_rb4.pdf\" data-type=\"attachment\" data-id=\"428\">pdf<\/a>,&nbsp;&nbsp;<em>American Economic Journal: Macroeconomics<\/em>&nbsp;5(2), 217-249.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #16143: <a href=\"https:\/\/www.nber.org\/papers\/w16143\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.aeaweb.org\/articles.php?doi=10.1257\/mac.5.2.217\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;News, Non-Invertibility, and Structural VARs&#8221; 2012,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/sims_aie_final.pdf\" data-type=\"attachment\" data-id=\"430\">pdf<\/a>,&nbsp;<em>Advances in Econometrics<\/em>&nbsp;28, 81-136.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.emeraldinsight.com\/books.htm?issn=0731-9053&amp;volume=28&amp;PHPSESSID=2ccp4f4au1aldpcnuagaotq316\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Taylor Rules and Technology Shocks&#8221; July 2012,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/taylor_tech.pdf\" data-type=\"attachment\" data-id=\"431\">pdf<\/a>,&nbsp;<em>Economics Letters<\/em>&nbsp;116(1), 92-95.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0165176512000328\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence&#8221; with Bob Barsky,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/barsk_sims_confidence_final.pdf\" data-type=\"attachment\" data-id=\"433\">pdf<\/a>, June 2012,&nbsp;<em>American Economic Review<\/em>&nbsp;102(4), 1343-1377.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #15049: <a href=\"https:\/\/www.nber.org\/papers\/w15049\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0304393212000323\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;Confidence and the Transmission of Government Spending Shocks&#8221; with Ruediger Bachmann, April 2012,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/bachmann_sims_gov_nov_2011.pdf\" data-type=\"attachment\" data-id=\"435\">pdf<\/a>,&nbsp;&nbsp;<em>Journal of Monetary Economics<\/em>&nbsp;59(3), 235-249.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #17063: <a href=\"https:\/\/www.nber.org\/papers\/w17063\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0304393212000323\">link<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>&#8220;News Shocks and Business Cycles&#8221; with Bob Barsky, April 2011,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/barsky_sims_news_final.pdf\" data-type=\"attachment\" data-id=\"436\">pdf<\/a>,&nbsp;<em>Journal of Monetary Economics<\/em>&nbsp;58(3), 273-289.&nbsp;\n\n\n<ul class=\"wp-block-list\">\n<li>Also NBER working paper #15312: <a href=\"https:\/\/www.nber.org\/papers\/w15312\">link<\/a><\/li>\n\n\n\n<li>Link to published version:&nbsp;<a href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0304393211000158\">link<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Other Publications:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n\n<li>&#8220;Federal Reserve Policy in a World of Low Interest Rates&#8221; with Cynthia Wu,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/sw_cato.pdf\" data-type=\"attachment\" data-id=\"398\">pdf<\/a>,&nbsp;<em>Cato Journal<\/em> 40(2): 343-360. \n\n<ul class=\"wp-block-list\">\n\n<li>Link to published version: <a href=\"https:\/\/www.cato.org\/cato-journal\/spring\/summer-2020\/federal-reserve-policy-world-low-interest-rates\">link<\/a><\/li>\n\n<\/ul>\n\n<\/li>\n\n\n<li>&#8220;Credit Market Frictions, Business Cycles, and Monetary Policy: The Research Contributions of Charles Carlstrom and Timothy Fuerst&#8221; with Todd Clark and Matthias Paustian,&nbsp;<em>Federal Reserve Bank of Cleveland Economic Commentary<\/em>&nbsp;2020-07, March 25, 2020,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/carlstrom_fuerst_writeup.pdf\" data-type=\"attachment\" data-id=\"439\">pdf<\/a> \n\n<ul class=\"wp-block-list\">\n\n<li>Link to published version: <a href=\"https:\/\/www.clevelandfed.org\/publications\/economic-commentary\/2020\/ec-202007-carlstrom-and-fuerst-conference\">link<\/a><\/li>\n\n<\/ul>\n\n<\/li>\n\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Resting Papers:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n\n<li>&#8220;Differences in Quarterly Utilization-Adjusted TFP by Vintage, with an Application to News Shocks&#8221; May 2016,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/tfp_differences_may2016.pdf\" data-type=\"attachment\" data-id=\"442\">pdf<\/a>.&nbsp;  \n\n<ul class=\"wp-block-list\">\n\n<li>Link to different data by vintages and replication materials:&nbsp;<a href=\"https:\/\/www3.nd.edu\/~esims1\/tfp_vintage.html\">link<\/a>&nbsp;<\/li>\n\n\n<li>Also NBER WP #22154,&nbsp;<a href=\"http:\/\/www.nber.org\/papers\/w22154\">link<\/a><\/li>\n\n\n<li>Results subsumed in &#8220;Revisions in Utilization Adjusted TFP and Robust Identification of News Shocks&#8221;<\/li>\n\n<\/ul>\n\n<\/li>\n\n\n<li>&#8220;Reallocation and the Changing Nature of Economic Fluctuations&#8221; June 2013, with Mike Pries and Julio Garin,&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/gps_june27_2013.pdf\" data-type=\"attachment\" data-id=\"443\">pdf<\/a> \n\n<ul class=\"wp-block-list\">\n\n<li>Replaced by &#8220;The Relative Importance of Aggregate and Sectoral Shocks and the Changing Nature of Economic Fluctuations&#8221;<\/li>\n\n<\/ul>\n\n<\/li>\n\n\n<li>&#8220;Permanent and Transitory Technology Shocks and the Behavior of Hours: A Challenge for DSGE Models&#8221; August 2011, <a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/tech_shocks.pdf\" data-type=\"attachment\" data-id=\"444\">pdf<\/a><\/li>\n\n\n<li>&#8220;The Effects of Real Gasoline Prices on Automobile Demand: A Structural Analysis Using Micro Data&#8221; with Lutz Kilian, April 2006&nbsp;<a href=\"https:\/\/sites.nd.edu\/esims\/files\/2023\/05\/kilian_sims.pdf\" data-type=\"attachment\" data-id=\"445\">pdf<\/a><\/li>\n\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Other:<\/h2>\n\n\n\n<p>My IDEAS\/RePEc page:&nbsp;<a href=\"http:\/\/ideas.repec.org\/f\/psi336.html\">link<\/a><\/p>\n\n\n\n<p>My Google Scholar page:&nbsp;<a href=\"http:\/\/scholar.google.com\/citations?user=0ycwRnYAAAAJ&amp;hl=en\">link<\/a><\/p>\n\n\n\n<p>My NBER page: <a href=\"https:\/\/www.nber.org\/people\/eric_sims?page=1&amp;perPage=50\">link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Working Papers (most recent first): Peer-Reviewed Publications (most recent first): Other Publications: Resting Papers: Other: My IDEAS\/RePEc page:&nbsp;link My Google Scholar page:&nbsp;link My NBER page: link<\/p>\n","protected":false},"author":3439,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-43","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sites.nd.edu\/esims\/wp-json\/wp\/v2\/pages\/43","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.nd.edu\/esims\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.nd.edu\/esims\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/esims\/wp-json\/wp\/v2\/users\/3439"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.nd.edu\/esims\/wp-json\/wp\/v2\/comments?post=43"}],"version-history":[{"count":62,"href":"https:\/\/sites.nd.edu\/esims\/wp-json\/wp\/v2\/pages\/43\/revisions"}],"predecessor-version":[{"id":1114,"href":"https:\/\/sites.nd.edu\/esims\/wp-json\/wp\/v2\/pages\/43\/revisions\/1114"}],"wp:attachment":[{"href":"https:\/\/sites.nd.edu\/esims\/wp-json\/wp\/v2\/media?parent=43"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}