This article provides a critical appraisal of the March 2020 crisis in fixed income markets. We
synthesize the main events, characterize what appears to be an emerging consensus on …

Following the onset of the pandemic, the Federal Reserve employed an unconventional
monetary policy that directly intervened in municipal bond markets. We characterize the …

This thesis contains three essays in international finance and macroeconomics, which
investigate flight-to-safety episodes and their interactions with crises, macroeconomic …