Credit and Welfare Implications of Interchange Fees and Credit Card Rewards (with B. Eyigungor) (Feb '25) PDF
A Quantitative Theory of Installment Loans (with N. Mitra) (Sept '24, Preliminary) PDF
Understanding Contract Heterogeneity in the Credit Card Market (with B. Eyigungor) (Revised, Sept'24) PDF
Saving for a Sunny Day: An Alternative Theory of Precautionary Savings (with L. Briglia, D. Corbae, K. Dempsey, J-V. Rios-Rull) (Feb '22, Preliminary) PDF
A Quantitative Theory of the Credit Score (with D. Corbae, K. Dempsey, and J-V. Rios-Rull), Econometrica, 91(5), September 2023, p. 1803-1840, PDF
Insuring Student Loans Against the Financial Risk of Failing to Complete College (with F. Ionescu) Quantitative Economics, 3(3), 2012, pp. 393-420 link
Dealing with Consumer Default: Bankruptcy vs Garnishment (with G. Gordon) Journal of Monetary Economics, 59, Supplement , 2012, pp. s1-s16. link
A Finite Life, Private Information Theory of Unsecured Consumer Debt (with D.Corbae, J-V. Rios-Rull) Journal of Economic Theory, 142(1), 2008, pp. 149-177 link
A Quantitative Theory of Unsecured Consumer Credit with Risk of Default (with D.Corbae, M.Nakajima and J-V.Rios-Rull) Econometrica, 75(6), 2007, pp. 1525-1589 link
The Economic Logic of Fresh Start, Business Review, Federal Reserve Bank of Philadelphia, First Quarter 2008 link
The Long Run Effects of the Bankruptcy Reform Bill, Research Rap, Federal Reserve Bank of Philadelphia, July, 2006 link