Policy Writings

A Better Way of Understanding the US Consumer: Decomposing Retail Sales by Household Income
Coverage: Associated Press, Bloomberg, Marketplace, Fortune

Supply vs Demand Factors Influencing Prices of Manufactured Goods

Back to the Future IV: challenges for financial stability policy in the next decade

What is the relationship between a markets-based measure of leverage and banks’ funding costs?

Consumption in the time of a pandemic: tracking UK consumption in real time

Great Expectations: the economic power of news about the future

An intuitive interpretation of factor models

When Linear Models are misleading