Research

My RePEc page: https://ideas.repec.org/e/pga173.html

ORCID: https://orcid.org/0000-0001-9236-5813 

WORKING PAPERS:

• Mortgage Pricing and Monetary Policy

with Matteo Benetton and Paolo Surico

Resubmitted, American Economic Review.

PUBLISHED AND FORTHCOMING PAPERS:

• Refinancing Cross-Subsidies in the Mortgage Market

with Jack Fisher, Lu Liu, Tarun Ramadorai, and Jagdish Tripathy

A previous version appeared as Bank of England Staff Working Paper No. 948.

Journal of Financial Economics, accepted.

• Dynamics of Expenditures on Durable Goods: the Role of New-Product Quality

with Fabio Bertolotti and Andrea Lanteri

The Economic Journal, Vol. 133, Issue 652 (May, 2023), pp. 1641–1656.

Online Appendix and Replication Package.

• Regulatory Interventions in Consumer Financial Markets: The Case of Credit Cards 

with Manolis Galenianos

Journal of the European Economic Association, Vol. 20, Issue 5 (October, 2022), pp. 1897–1932.

Online Appendix, Replication Package, and Slides.

• Frictions in Product Markets

with Alessandro Lizzeri

In Handbook of Industrial Organization, Volume 4, Issue 1, edited by Kate Ho, Ali Hortaçsu, and Alessandro Lizzeri,  Elsevier, (December, 2021), pp. 433–484.

Also available as NBER Working Paper No. 29259.

• Credit Shocks and Equilibrium Dynamics in Consumer Durable Goods Markets

with Andrea Lanteri

The Review of Economic Studies, Vol. 88, Issue 6 (November, 2021), pp. 2935–2969.

Online Appendix, Replication Package, and Slides.

• Internet and Politics: Evidence from UK Local Elections and Local Government Policies 

with Mattia Nardotto and Tommaso Valletti

The Review of Economic Studies, Vol. 86, Issue 5 (October, 2019), pp. 2092–2135.

Slides.

• Aggregate Recruitment Intensity

with Simon Mongey and Gianluca Violante

American Economic Review, Vol. 108, No. 8 (August, 2018), pp. 2088–2127.

Slides.

A previous version is available as NBER Working Paper No. 22677. 

• The Role of Prepayment Penalties in Mortgage Loans 

with Andrea Beltratti and Matteo Benetton

Journal of Banking and Finance, Vol. 82 (September, 2017), pp. 165–179.

• A Structural Model of the Retail Market for Illicit Drugs 

with Manolis Galenianos

American Economic Review, Vol. 107, No. 3 (March, 2017), pp. 858–896.

Slides.

• An Empirical Equilibrium Model of a Decentralized Asset Market 

Econometrica, Vol. 84, No. 5 (September, 2016), pp. 1755–1798.

Slides.

• Brokers' Contractual Arrangements in Manhattan Rental Markets 

with Heski Bar-Isaac

Journal of Urban Economics, Vol. 86 (March, 2015), pp. 73–82.

• A Quantitative Analysis of the Used-Car Market 

with Alessandro Lizzeri and Nikita Roketskiy

American Economic Review, Vol. 104, No. 11 (November, 2014), pp. 3668–3700.

• Dynamic Inefficiencies in an Employment-Based Health-Insurance System: Theory and Evidence 

with Hanming Fang

American Economic Review, Vol. 101, No. 7 (December, 2011), pp. 3047–3077.

A previous version is available as NBER Working Paper No. 13371.

• Demand Spillovers and Market Outcomes in the Mutual Fund Industry

The RAND Journal of Economics, Vol. 42, No. 4 (Winter, 2011), pp. 776–804.

• The Role of Trading Frictions in Real Asset Markets 

American Economic Review, Vol. 101, No. 4 (June, 2011), pp. 1106–1143.

• Transparency and Manipulation of Public Accounts

with Alessandro Lizzeri

Journal of Public Economic Theory, Vol. 13, Issue 3 (June, 2011), pp. 327–349.

• Leasing and Secondary Markets: Theory and Evidence from Commercial Aircraft  

Journal of Political Economy, Vol. 119, No. 2 (April, 2011), pp. 325–377.

• Asset Liquidity and Financial Contracts: Evidence from Aircraft Leases

Journal of Financial Economics, Vol. 95, Issue 1 (Jan., 2010), pp. 62–84.

• Transparency and Economic Policy

with Alessandro Lizzeri

The Review of Economic Studies, Vol. 76, Issue 3 (July, 2009), pp. 1023–1048.

• The Perils of Transparency in Bureaucracies

with Alessandro Lizzeri

American Economic Review, Papers and Proceedings, Vol. 97, No. 2 (May, 2007), pp. 300–305.