What is loose commitment?
How to model a central bank that is somewhere between discretion and commitment: the model, the three policy problems, and how to solve them without linearizing.
Marginalia are the notes we leave in the margins: questions, observations, and connections sparked by what we read. Here, I give those notes a little more room—writing about economics, data, and ideas that deserve a closer look.
How to model a central bank that is somewhere between discretion and commitment: the model, the three policy problems, and how to solve them without linearizing.
May 1, 2024
Essays · Life Lessons (Allegedly)
Why a real apology is more than "I'm sorry": the work it takes and why it is worth doing.
Nicolas Franz-Pattillo · Sep 26, 2026

Monetary Policy · Economics · Methodology
How to model a central bank that is somewhere between discretion and commitment: the model, the three policy problems, and how to solve them without linearizing.
Nicolas Franz-Pattillo · May 1, 2024

COVID-19 · Economics
Background on the effectiveness of Chile's vaccination program and its effects on economic activity.
Nicolas Franz-Pattillo · Aug 1, 2021

COVID-19 · Economics · Methodology
States, equations, and the mobility choice behind the twelve-compartment epidemiological model used in the COVID-19 Pandexit post.
Nicolas Franz-Pattillo · Aug 1, 2021
Tools
Version control is not just for software engineers. A short introduction to Git for people whose projects live in folders called "Project final V2".
Nicolas Franz-Pattillo · Jan 27, 2021

Why a real apology is more than "I'm sorry": the work it takes and why it is worth doing.
Essays · Life Lessons (Allegedly)
How to model a central bank that is somewhere between discretion and commitment: the model, the three policy problems, and how to solve them without linearizing.
Monetary Policy · Economics · Methodology
Background on the effectiveness of Chile's vaccination program and its effects on economic activity.
COVID-19 · Economics
States, equations, and the mobility choice behind the twelve-compartment epidemiological model used in the COVID-19 Pandexit post.
COVID-19 · Economics · MethodologyVersion control is not just for software engineers. A short introduction to Git for people whose projects live in folders called "Project final V2".
Tools