I am a Prize Fellow in Economics, History, and Politics at Harvard University. I will begin as an Assistant Professor of Economics and Public Affairs at Princeton University in July 2023. My full CV can be found here. You can contact me at ksastry@mit.edu.

I study macroeconomics. My specific interests include the role of bounded rationality and social dynamics in shaping macroeconomic outcomes and the economic determinants of global trends in technology and productivity.

Working Papers

“Attention Cycles,” with Joel P. Flynn. Paper, SSRN Link. August 2022.

“Disagreement About Monetary Policy.” Revise and resubmit, American Economic Journal: Macroeconomics. Paper, SSRN Link. August 2022.

“How Much Should We Trust Regional-Exposure Designs?” with Jeremy Majerovitz. Paper. April 2023.

“Inappropriate Technology: Evidence from Global Agriculture,” with Jacob Moscona. Revise and resubmit, American Economic Review. Paper, SSRN Link. Coverage: Vox Dev, Econimate, Project Syndicate. November 2022.

“Inattentive Economies,” with George-Marios Angeletos. Revise and resubmit, Journal of Political Economy. Paper, NBER Link. February 2023.

“The Macroeconomics of Narratives,” with Joel P. Flynn. Paper, SSRN Link. November 2022.

“Strategic Mistakes,” with Joel P. Flynn. Revise and resubmit, Journal of Economic Theory. Paper, SSRN Link. March 2023.

Publications and Forthcoming Articles

“Does Directed Innovation Mitigate Climate Damage? Evidence from US Agriculture,” with Jacob Moscona. Quarterly Journal of Economics, 2023, 138(2): 637-701. Paper, Online Appendix, SSRN Link. Coverage: Harvard Gazette, Nature Climate Change Research Highlight. September 2022.

“Nonlinear Pricing with Under-Utilization: A Theory of Multi-Part Tariffs,” with Roberto Corrao and Joel P. Flynn. American Economic Review, 2023, 113(3): 836-860. Paper, SSRN Link.

“Managing Expectations: Instruments vs. Targets,” with George-Marios Angeletos. Quarterly Journal of Economics, 2021, 136(4): 2467–2532. Paper.

“Imperfect Macroeconomic Expectations: Evidence and Theory,” with George-Marios Angeletos and Zhen Huo. NBER Macroeconomics Annual 2020, 35: 1-86. Paper.

“Feedbacks: Financial Markets and Economic Activity,” with Markus Brunnermeier, Darius Palia, and Christopher A. Sims. American Economic Review, 2021, 111(6): 1845-1879. Paper, Online Appendix.