Chris and I had the pleasure of writing a nontechnical summary of our forthcoming The Review of Economic Studies paper (shorturl.at/MLr6I) in the LSE USAPP blog!

1/ New paper: "FCI-star" with Ricardo Caballero and @TomasCaravello We introduce FCI*—the neutral level of financial conditions that closes the output gap Think of it as the analogue of r*, but for the broader financial conditions that actually drive monetary transmission

Last week, I had the incredible honor of presenting my paper "How Markets Process Macro News: The Importance of Investor Attention" at the NBER SI. Many thanks to everyone who attended in person or watched online. Slides: conference.nber.org/conf_papers/f2… Video: youtube.com/live/wOIjNR9DG…