ECONOMIST
FEDERAL RESERVE BANK OF NEW YORK
Sebastian Heise
RESEARCH

Publications
The Missing Inflation Puzzle: The Role of the Wage-Price Pass-Through (2022)
(with Fatih Karahan and Aysegul Sahin)
Journal of Money, Credit, and Banking 54(S1), 7-51.
Derivatives and Credit Contagion in Interconnected Networks (2012) (with Reimer Kuehn)
European Physical Journal B: Condensed Matter and Complex Systems, 85(4), p 1-19
Working Papers
U.S. Market Concentration and Import Competition (Revise & Resubmit, Review of Economic Studies)
(with Mary Amiti)
Inflation Strikes Back: The Return of Wage-to-Price Pass-Through
(with Mary Amiti, Fatih Karahan and Aysegul Sahin)
Labor Misallocation Across Firms and Regions
(with Tommaso Porzio)
Previous Version: Staff Report No. 898
Tariff Rate Uncertainty and the Structure of Supply Chains
(with Justin Pierce, Georg Schaur, and Peter Schott)
Firm-to-Firm Relationships and the Pass-Through of Shocks: Theory and Evidence (submitted)
Previous version: SSRN Working Paper No. 2898148
Published Discussions
Discussion of "Should Germany Have Built a New Wall?" by Busch, Krueger, Ludwig, Popova, Iftikhar
(with Tommaso Porzio)
Journal of Monetary Economics, Vol. 113, August 2020.

Work in Progress
Understanding Worker and Firm Dynamics
(with Emilien Gouin-Bonenfant, Christian Moser, and Tommaso Porzio)
How Free is Free Entry?
(with Fatih Karahan, Ben Pugsley, and Aysegul Sahin)
Shipping Time Volatility and Supply Chains: Evidence from U.S. Firms
(with Joaquin Blaum and Federico Esposito)
Trade Elasticities in the U.S.-China Trade War
(with Levi Crews, Jonathan Dingel, and Felix Tintelnot)