We present a dynamic two-country model in which military spending, geopolitical risk, and
government bond prices are jointly determined. The model is consistent with three empirical …

We study the redistributive effects of inflation combining administrative bank data with an
information provision experiment during an episode of historic inflation. On average …

Accounting for and managing heterogeneities in economic agents' preferences, information
sets, and opportunities have always been central to macroeconomic theory. Long before …

We document low-frequency shifts in the relationship between inflation and the convenience
yield on US Treasury bonds. Treasury convenience comoves positively with inflation during …

To study the equilibrium implications of decision frictions, we introduce a new class of
control costs in continuum-player, continuum-action games in which agents interact via an …

We study investors' perceptions of inflation through the lens of a high-frequency event study
and document that they have a stagflationary view of the world. In response to higher-than …

How does inflation affect firms' performance, conditional on their capital structure? To
answer this question, we exploit survey-based inflation surprises from the Eurozone and …

In this chapter, Pittaluga and Seghezza show how between 1919 and the first half of 1922,
Weimar Germany was subject to intermittent episodes of high inflation. This inflation was not …

I study the transmission of cost-push shocks in a small open economy using a
Heterogeneous Agent New Keynesian (HANK) model. Compared to the canonical …

This thesis investigates the link between fiscal stimulus provided in response to the COVID-
19 pandemic and inflation. Using a two-pronged analytical approach, this study measures …