Select Publications & Working Papers
"Conflicts of Interest in Subscriber-Paid Credit Ratings."
Bonsall, Samuel B., Jacquelyn Gillette, Gabriel Pundrich, and Eric C. So. Journal of Accounting and Economics. Forthcoming. SSRN.
"Challenges for Monetary Policy and Its Communication."
Topic: Monetary Policy
Orphanides, Athanasios, Working Paper. August 2025.
Keywords: Policy Discretion, Simple Rules, Natural Growth Targeting, Inflation Surge
"Improving the ECB's Policy Strategy."
Topic: Monetary Policy
Orphanides, Athanasios, Working Paper. June 2025. IMFS Working Paper 220.
Keywords: ECB, Policy Rules, Forward Guidance, Fiscal Stress, Collateral Framework
"Networks Rewired: Quota Enforcement and the Unintended Mobilization of Native Place Ties."
Zheng, Enying, Wei Hong, Yasheng Huang, and Rongzhu Ke. Social Forces Vol. 103, No. 4 (2025): 1465-1488.
"Tradeoffs over Rate Cycles: Activity, Inflation and the Price Level."
Topic: Monetary Policy
Forbes, Kristin J., Jongrim Ha, and M. Ayhan Kose, MIT Sloan Working Paper 7269-25. Cambridge, MA: MIT Sloan School of Management, May 2025.
Keywords: Monetary Policy, Interest Rates, Central Bank, Sacrifice Ratio, Business Fluctuations, Prices, Employment
"Enhancing Resilience with Natural Growth Targeting."
Orphanides, Athanasios. Southern Economic Journal Vol. 91, No. 4 (2025): 1420-1439.
"Fiscal and Monetary Policy Interactions in a Low Interest Rate World."
Hofmann, Boris, Marco Jacopo Lombardi, Benoit Mojon, and Athanasios Orphanides. International Journal of Central Banking Vol. 21, No. 3 (2025): 69-110. BIS Working Paper No. 954.
"Box Jumping: Portfolio Recompositions to Achieve Higher Morningstar Ratings."
Topic: Finance
Cohen, Lauren, David S. Kim, and Eric C. So, Working Paper. November 2024.
Keywords: Strategic Behavior, Mutual Fund Benchmarks, Performance Management, Investor Protection, Morningstar
"The Fiscal Frontier: Projecting AI’s Long-term Impact on the US Fiscal Outlook."
Topic: Artificial Intelligence
Harris, Ben, Neil R. Mehrotra, and Eric C. So, Working Paper. October 2024. Brookings Center on Regulation and Markets Working Paper.
"The Art of Monetary Policy: Lessons from Sun Tzu for Central Banks."
Topic: Monetary Policy
Forbes, Kristin J., MIT Sloan Working Paper 7263-24. Cambridge, MA: MIT Sloan School of Management, October 2024. Also available as CEPR Discussion Paper No. 19905.
Keywords: Monetary Policy, Central Bank, Interest Rates, Inflation, Macroprudential Policy, Quantitative Easing, Quantitative Tightening
"Quantitative Tightening Around the Globe: What Have We Learned?"
Topic: Economics
Du, Wenxin, Kristin J. Forbes, and Matthew N. Luzzetti, MIT Sloan Working Paper 7159-24. Cambridge, MA: MIT Sloan School of Management, October 2024. NBER Working Paper 32321.
"How to Improve Citizen Engagement on Public Service Platforms? The Impact of Government Responsiveness."
Topic: Operations Management
Qihua Gao, Yasheng Huang, El Ghali Zerhouni, and Y. Karen Zheng, MIT Sloan Working Paper 7044-23. Cambridge, MA: MIT Sloan School of Management, September 2024.
Keywords: Public Service Platforms, Government Responsiveness, Citizen Engagement, Causal Inference, Empirical Operations Management
"Learning From Ricardo and Thompson: Machinery and Labor in the Early Industrial Revolution and in the Age of Artificial Intelligence."
Acemoglu, Daron and Simon Johnson. Annual Review of Economics Vol. 16, No. 597-621 (2024).
"Odd Lots and Optics: Manipulation in Response to Scrutiny."
Charles Downing, Bradford (Lynch) Levy, Matthew A. Phillips, and Eric C. So, MIT Sloan Working Paper 7070-24. Cambridge, MA: MIT Sloan School of Management, July 2024.
Keywords: Trading Activity, Voluntary Disclosure, Retail Investors, Scrutiny, Manipulation, Intermediation
"Enhancing Resilience with Monetary Policy Rules."
Topic: Economics
Orphanides, Athanasios, Working Paper. May 2024. Hoover Institution Economics Working Paper 24109.
Keywords: Federal Reserve, Monetary Policy Strategy, Discretion, Simple Rules
"Strengthening Enforcement of the Russian Oil Price Cap."
Johnson, Simon and Catherine Wolfram. Brookings Institution Working Paper (2024). Appendix.
"Collateral Framework: Liquidity Premia and Multiple Equilibria."
Lengwiler, Yvan and Athanasios Orphanides. Journal of Money, Credit and Banking Vol. 56, No. 2-3 (2024): 489-516.
Monetary Policy Responses to the Post-Pandemic Inflation.
English, Bill, Kristin J. Forbes and Ángel Ubide. London, UK: CEPR Press, 2024. VoxEU Highlight Article. Download eBook.
"The Impact of Generative Artificial Intelligence on Socioeconomic Inequalities and Policy Making."
Capraro, Valerio, Austin Lentsch, and Daron Acemoglu et al., Working Paper. December 2023.
Keywords: Artificial Intelligence, Social Impact, Work, Education, Healthcare, Information, Policymaking
"Design and Implementation of the Price Cap on Russian Oil Export."
Johnson, Simon, Łukasz Rachel, and Catherine Wolfram. Journal of Comparative Economics Vol. 51, No. 4 (2023): 1244-1252. Download PDF. Preprint.