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)

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)

Collateral or Income? Borrower-Based Measures and Credit Cycles

with Kalin Nikolov

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