We study monetary policy transmission across space. Empirically, we show that two
channels explain a sizable portion of the variation in the regional effects of identified US …

We study how bank heterogeneity and market power shape the transmission of monetary
policy. In the data, following a monetary contraction, large banks lower their credit mark-ups …

This paper develops a welfare accounting decomposition that identifies and quantifies the
ultimate origins of welfare gains and losses in general economies with heterogeneous …

How should monetary policy react to sectoral shocks in a world where consumption baskets
vary across households? We present a multi-sector New-Keynesian model with generalized …

Time-Varying Expenditure Shares and Macroeconomic Dynamics Page 1 Time-Varying
Expenditure Shares and Macroeconomic Dynamics Benjamın Garcıa Mario Giarda Carlos …

This dissertation contains three essays on monetary and international economics. In the first
chapter, I study massive drops in household consumption during large devaluations …