Journal Publications

'Understanding International Prices: customers as Capital', with Lukasz A. Drozd, American Economic Review 102(1), 2012.
Additional links: Appendix, Supporting Files

'Uncertainty as Commitment', with Guillermo Ordoñez. Journal of Monetary Economics 80, June 2016.
Additional links: Appendix.

'Investor Sophistication and Capital Income Inequality', with Marcin Kacperczyk and Luminita Stevens. Forthcoming, Journal of Monetary Economics.
​Additional file: Appendix 
Press: Bloomberg View

Work In Progress

'Maybe Some People Shouldn't Own (3) Homes, with Chris Foote, Lara Loewenstein and Paul Willen, July 2018. 
​Here are the slides of our most recent presentation.

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Working Papers

​'Market Power and Price Informativeness', with Marcin Kacperczyk and Savitar Sundaresan, March 2018.

'Credit Growth and the Financial Crisis: A New Narrative', with Stefania Albanesi, Giacomo DeGiorgi, August 2017.
​Here are slides of our most recent presentation.
Press:     Bloomberg Markets     Quartz     derStandard (in German)    Livemint

'Insolvency after the 2005 Bankruptcy Reform', with Stefania Albanesi, August 2018.
​Additional file: Appendix
Press:     NY Fed Liberty Street Economics     The Economist     The Wall Street Journal

'Pricing-to-Market in Business Cycle Models', with Lukasz A. Drozd.


'The Trade-Comovement Puzzle', with Lukasz A. Drozd and Sergey Kolbin, March 2019.
Additional links: Appendix   Mathematica notebooks


'Competing for Customers: A Search Model of the Market for Unsecured Credit', with Lukasz A. Drozd.

Other

'The Nontradable Goods' Real Exchange Rate Puzzle', with Lukasz A. Drozd, NBER International Seminar on Macroeconomics 2009.

'Personal Bankruptcy in the US: Effects of the 2005 Reform', with Stefania Albanesi, CESifo DICE Report, 4/2015 (Winter).

'Credit Growth and the Financial Crisis: A New Narrative', with Stefania Albanesi and Giacomo De Giorgi, VoxEU, CEPR Policy Portal, October 2017.