Economist @sffed researching links between finance, monetary policy, and the macroeconomy. All views are my own.

Joined June 2009
6 Photos and videos
Pascal Paul retweeted
🚨 Call for Papers 🚨 3rd Annual Conference on Macro-Finance Research @sffed Please send us your latest macro-finance papers 👇 We'll also give out the Janet Yellen Award for Monetary Research again! Please submit your best nominations 👇 frbsf.org/news-and-media/eve…
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Pascal Paul retweeted
Enjoyed m visit yesterday at the IMF Research Department. Presented our new paper (with @pascalpaul and @mfariacastro) on the trade-offs of using “soft credit” to stabilize the economy. I used AI to summarize the main driving forces in the model into this table. Paper: ideas.repec.org/p/fip/fedlwp…
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Pascal Paul retweeted
I've just added a new working paper on Stabilization vs. Growth to my personal website. It's been fun experimenting with AI to add new features while keeping my simple Google Sites setup with HTML. sites.google.com/view/juanms…
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Pascal Paul retweeted
Speaker grid from Miami Macro 2026. The conference was great, hope you can join us next year! 🌴📈💵🦎 @WillWitheridge @SilvaDejanir @economoser @mfariacastro @ShihanXie @cmatthes_econ & others
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Pascal Paul retweeted
1/ new paper w/ @pascalpaul and @vediense: Stabilization vs. Growth When firms in distress are saved, the economy may become more stable in the short run, at the cost of long-run growth. We study this trade-off in a model w/ fluctuations, endogenous growth, and heterog. firms
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Pascal Paul retweeted
Very excited to present new work on Stabilization vs. Growth with @pascalpaul and @vediense at this conference, where we consider the implications of different types of credit regimes for economic growth, business cycles, and welfare. Draft and thread coming very soon!
The program is now available for the Miami Macro 2026 conference on April 24. We receieved a LOT of submissions, so had to exclude many interesting papers but were able to put together an excellent program. Contact me directly if you'd like to attend. noahwilliams.org/conferences…
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Pascal Paul retweeted
Inspired by having the most cited paper in top three Finance journals in 2024, I decided to see which papers published in 2025 (in Journal of Finance, Journal of Financial Economics, Review of Financial Studies) had the most citations in Google Scholar. Top 15 (out of about 300)
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Pascal Paul retweeted
Looking back at our 4th Workshop on Firm Heterogeneity & Macro in Bonn: @mfariacastro (St. Louis Fed) presented "Credit, Productivity, and Stabilization Policies" discussed by @vereshchag46707 (Arizona State) #econtwitter
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Pascal Paul retweeted
Had an incredible time at the 4th Firm Heterogeneity in Macroeconomics workshop in Bonn, where I presented new work on soft credit, growth and stabilization w/ @vediense & @pascalpaul. Thanks to all the organizers & keynotes, esp. @isaacbaley who closed the conf with Philip Glass
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Pascal Paul retweeted
4th Workshop on Firm Heterogeneity and Macroeconomics Looking forward to two exciting days in Bonn next month @JoachimJungherr @isaacbaley @ImmoSchott @EPoS224 @ERC_Research @UniBonn #EconTwitter
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Pascal Paul retweeted
28 Jul 2025
Starting Sept 2025: CEPR & @sffed launch a monthly Virtual Seminar on Monetary Economics. Focus: central bank goals, policy design, transmission, & international dimensions. 🗓 First session: 4 Sept | 5PM CET Details 👉 cepr.org/events/event-series… Organisers: @michaelbauer_hh @sffed, @RefetGurkaynak @BilkentEconDept, @KlodianaIstrefi @banquedefrance, @mcmahonecon @OxfordEconDept @UniofOxford
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Many countries are currently considering the introduction of a CBDC, but there is much uncertainty around the macroeconomic effects. In a recent paper with Mauricio Ulate and Cynthia Wu, we explore those. VoxEU summary👇
11 Jul 2025
The macroeconomic effects of introducing a central bank digital currency Pascal Paul @pascalpaul @sffed, Mauricio Ulate @sffed, Jing Cynthia Wu @JCynthiaWu @UofIllinois ow.ly/OptB50WmPMh
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Pascal Paul retweeted
5 Jul 2025
Developing a quantitative New Keynesian dynamic stochastic general equilibrium model with monopolistic banks to study the macroeconomic effects of introducing a central bank digital currency, from @pascalpaul, Mauricio Ulate, and @jcynthiawu nber.org/papers/w33968
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Pascal Paul retweeted
🚨Friendly reminder that Saturday, May 31 is the deadline to submit (a) papers to our fall macro-finance conference and (b) nominations for the new Janet Yellen Award for Monetary Research. Details are here: frbsf.org/news-and-media/eve… @sffed @ThomasMMertens @pascalpaul
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