Research

 
   

Publications:

"Two Extensive Margins of Credit and Loan-to-Value Policies" with Michael Reher. Journal of Money, Credit and Banking, forthcoming.

"What Drives Housing Dynamics in China? A Sign Restriction VAR Approach" with Tim Bian. Journal of Macroeconomics, December 2015.

"Compensation Contracts and Fire Sales" with Juan Pedro Gomez. Journal of Financial Stability, June 2015, volume 18.  

Discussion of “Capital Inflows and the U.S. Housing Boom, Journal of Money, Credit and Banking, March-April 2015, volume 47.

              Working Papers:

"Distributional Implications of the Government Guarantees in Mortgage Markets", with Franco Zecchetto. February 2016.

"Aggregate Volatility and Current Account Dynamics. Credit Supply Matters", with Givi Melkadze. February 2016.

"Valuing an International Lender of Last Resort", December 2015.

"Optimism, Overleverage and Inefficient Say on Pay" with Juan Pedro Gomez. December 2015.

"Bank Capital, Lending Standards and Labor Reallocation", November 2015.

"Debt Covenants and Macroeconomic Dynamics" with Francois Gourio, coming soon.

"Housing Demand, Savings Gluts and Current Account Dynamics", November 2015.

Other Papers:

"Savings and Fertility when Having a Child is a Risky Investment " with Paolo Porchia. August 2014.

Related note: Grandparents as Insurance against the Risks of Childrearing”.

"A Real Options Analysis of Dual Labor Markets and the Single Contract" with Paolo Porchia. May 2013.