I discussed Schmid, Valaitis, and Villa's "Government Debt Management with Real and Nominal Bonds" at the Bank of Canada/SF Fed conference on fixed-income and macro-finance research in Ottawa in May. Slides available here.
We also have a new working paper, "One Asset Does Not Fit All: Inflation Hedging by Index and Horizon," which contains some related empirical work.
I have posted a draft of a new paper, "Real Yields and the Transmission of Central Bank Balance-Sheet Policies." The paper investigates policy options when long-term nominal yields are constrained at their lower bound and, in particular, proposes inflation-indexed term lending as a potential way to provide stimulus in that environment. Comments welcome!
The paper was recently presented at the Society for Economic Dynamics. Slides available here.
Here is a little note on how monetary policy has affected the performance of the stock market during the COVID period. (Spoiler alert: a lot, and mostly through the equity premium.) Comments welcome!