Code and data to replicate the results of the article.

Matlab and Stata code for peer-reviewed article published in Review of Economic Dynamics. Paper published onl[...]

This paper investigates the interrelation between household balance sheets, collateral constraints, and monetary policy. Using data on the U.S. economy, we estimate a mon[...]

A resolution of the missing deflation puzzle is proposed. Our resolution stresses the importance of nonlinearities in price- and wage-setting when the economy is exposed [...]

We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary pressures are subdued and steepens when inflationary pressures ar[...]