Research
Published Papers
- “Unemployment and the Distribution of Liquidity” (2023), joint with Guillaume Rocheteau. Journal of Political Economy: Macroeconomics
[Working paper version] [Published version] [Supplementary Appendix]
- “An Information-based Theory of Financial Intermediation” (2022), joint with Bruno Sultanum and Nicholas Trachter. Review of Economic Studies
- “Lending Relationships and Optimal Monetary Policy” (2022), joint with Guillaume Rocheteau, Tsz-Nga (Russell) Wong, and Cathy Zhang. Review of Economic Studies
- “Frictional Goods Markets: Theory and Applications” (2020), joint with Michael Choi and Randall Wright. Review of Economic Studies
-
“COVID-19 Infection Externalities: Trading Off Lives versus Livelihoods” (2020), joint with Anton Korinek. COVID Economics [NBER WP] [Published Version] [VoxEU Non-technical]
- “Asset Issuance in Over-the-Counter Markets” (2019), joint with Bruno Sultanum and Nicholas Trachter. Review of Economic Dynamics
- “Indeterminacy in Credit Economies” (2018), joint with Guillaume Rocheteau and Tai-Wei Hu. Journal of Economic Theory
- “Optimal Credit Fluctuations” (2018), joint with Guillaume Rocheteau and Tai-Wei Hu. Review of Economic Dynamics
[Working paper version] [Published version] [Supplementary Appendix]
- “Aggregate Unemployment and Household Unsecured Debt” (2015), joint with Guillaume Rocheteau and Peter Rupert. Review of Economic Dynamics
Working Papers
-
“Consumer Credit Regulation and Lender Market Power”, joint with Joaquin Saldain and Eric Young. [PDF]
-
“Inflation and Unemployment in the Long Run Revisited”, joint with Michael Choi, Sebastien Lotz, and Guillaume Rocheteau. [PDF]
Work in Progress
-
“A Monetarist Model of the Short-run Phillips Curve”
-
“A Theory of Money and Banking”, joint with Thomas Brzustowski and Bruno Sultanum
-
“Helicopter Drops, Inflation, and the Labor Market”, joint with Guillaume Rocheteau
Other Work or Dormant Papers
-
“Inefficiency in a Simple Model of Production and Bilateral Trade” (2018), joint with Bruno Sultanum and Nicholas Trachter. Federal Reserve Bank of Richmond Economic Quarterly
-
“Private Information in Over-the-Counter Markets” (2016), joint with Bruno Sultanum and Nicholas Trachter.
-
“Consumer Credit, Unemployment, and Aggregate Labor Market Dynamics” (2015). [PDF]
-
“Dynamic Indeterminacy and Welfare in Credit Economies” (2014), joint with Guillaume Rocheteau and Tai-Wei Hu. Older working paper that was split into “Optimal Credit Fluctuations” and “Indeterminacy in Credit Economies”