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Very grateful to Equitable Growth for supporting our work with my brilliant co-author Louphou Coulibaly on macroprudential policy and inequality.

Macroprudential policy has become a new pillar of the macro toolkit. But how should it be integrated with the traditional macro policies and what are the implications for global welfare? Brief thread🧵on joint work with Louphou Coulibaly Louphou Coulibaly

Capital inflows undermine monetary policy's attempt to stabilize inflation during stagflation, from Julien Bengui and Louphou Coulibaly nber.org/papers/w30652

A theory of fear of floating, the ubiquitous policy of stabilizing exchange rates, in contrast to the classic Mundell Flemming paradigm that calls for a floating exchange rate regime, from Javier Bianchi and Louphou Coulibaly nber.org/papers/w30897

Financial integration can lead to under-tightening or over-tightening of monetary policy in the Nash equilibrium, from @javierbianchi7 and Louphou Coulibaly nber.org/papers/w32009

🚨New paper on how a central bank should respond to the sudden imposition of tariffs 🚨 🧵1/8

Development of a model for analyzing how a monetary authority should respond to tariffs on imports. In the model, the optimal policy is expansionary, from Javier Bianchi and Louphou Coulibaly nber.org/papers/w33560