Research

Publications

Markups and Inequality, with Virgiliu Midrigan    [appendix] [2019 version] [slides]

Review of Economic Studies, forthcoming

Optimal Taxation of Risky Entrepreneurial Capital, with Matthew Knowles  

Journal of Public Economics, 2024

Who Are the Hand-to-Mouth?, with Mark Aguiar and Mark Bils    [slides]

Review of Economic Studies, forthcoming 

Should We Tax Capital Income or Wealth?, with Virgiliu Midrigan

  American Economic Review: Insights, 2023

Efficient Redistribution, with Virgiliu Midrigan    [2021 version] [slides]

Journal of Monetary Economics, 2022

Liquidity Constraints in the U.S. Housing Market, with Denis Gorea and Virgiliu Midrigan    [appendix] 

Review of Economic Studies, 2022

Dynastic Precautionary Savings    [slides] [working paper version]  

Review of Economic Studies, 2021

 

Working Papers

Why Are Returns to Private Business Wealth So Dispersed?, with Denis Gorea and Virgiliu Midrigan; revise and resubmit American Economic Review    [slides] 

The Inflation Accelerator, with Andres Blanco, Callum Jones and Virgiliu Midrigan

Quantifying the Macroeconomic Impact of Credit Expansions, with Matthew Knowles, Kjetil Storesletten and Yicheng Wang

Nonlinear Inflation Dynamics in Menu Cost Economies, with Andres Blanco, Callum Jones and Virgiliu Midrigan    [slides]

Consumption Segregation, with Elisa Giannone

Occupational Choice and the Intergenerational Mobility of Welfare, with Danial Lashkari   [slides] [supplemental material]


Notes

Dynamic Trade-offs and Labor Supply Under the CARES Act, with Simon Mongey