Emmanuel has a Ph.D. from the Johns Hopkins University. His main published findings indicate that (1) firm-specific volatility is less markedly countercyclical than is commonly believed; (2) declining responsiveness of inflation to output can be due to decisions by firms to change prices less frequently at low trend inflation; and (3) a transitory response of consumption to transitory wealth fluctuations can be due to households consuming more when they expect low returns on saving. Currently, he works on the interaction between the housing market and the macroeconomy.

For more information, see his profile on the DNB website.