Working Papers & Work-in-Progress

Households’ Inflation Expectations and Consumption in Macroeconomic Models: The Role of the Real Income Channel

CNB WP; R&R Review of Economic Dynamics

Presented: Directorate General Research Seminar (European Central Bank; Frankfurt), 56th Annual Conference of the Money, Macro and Finance Society (University of Reading; Reading), 2026 European Association of Young Economists Annual Meeting (University of the Basque Country; Bilbao), 28th International Conference on Macroeconomic Analysis and International Finance (University of Crete; Crete), 6th Behavioral Macroeconomics Workshop (Heidelberg University and Bamberg University; Heidelberg), ERMAS 2024 (Babeș-Bolyai University and National Bank of Romania; Cluj-Napoca), 4th Sailing Macro Workshop (Sapienza University of Rome; Ortygia, Siracusa), 3rd Naples School of Economics PhD and Post-Doctoral Workshop (NSE; Naples), Workshop on Households’ Inflation Expectations, Czech National Bank (CNB; Prague), 21st World Congress of International Economic Association (IEA; Belgrade)

Collateral or Income? Borrower-Based Measures and Credit Cycles

with Kalin Nikolov

WP draft soon; Slides

Presented: CERGE-EI Macro Research Seminars: 2026 (CERGE-EI; Prague)

Average Inflation Targeting: How Far to Look into the Past and the Future?

with Jan Zemlicka

WP latest draft; ECB WP; NBS WP

Presented: Fall 2022 Midwest Macroeconomics Conference (Southern Methodist University; Dallas), ERMAS 2023 (University of Bucharest and National Bank of Romania; Bucharest), 2023 Expectations in Dynamic Macroeconomic Models Conference (Vienna University of Technology and Austrian National Bank; Vienna), Barcelona Ph.D. Workshop on Expectations in Macroeconomics (Barcelona School of Economics; Barcelona), 2nd Ventotene Workshop in Macroeconomics (Sapienza University of Rome; Ventotene), SASCA Ph.D. Conference in Economics (Ca’ Foscari University of Venice and University of Sassari; Venice).

Segmented Capital Markets, Housing, and the Role of Borrower-Based Macroprudential Policy

with Jan Klacso, Reiner Martin, M. Udara Peiris, and Dimitrios P. Tsomocos

WP draft soon

Presented: ESCB Research Cluster 3 Workshop 2025 (Bundesbank; Frankfurt), Slovak Economic Association Meeting (SEAM 2025; Nitra)

Published Papers

Bounded Rationality, Monetary Policy, and the Scars of Supply Shocks

with Dario Bonciani, Paolo Nanni, and Giulio Tarquini

Economics Letters (published version); CNB WP