Academic Publications

•  A Model of the Gold Standard (with Jesús Fernández-Villaverde)

              Journal of Economic Theory   volume 214 (2023), pp. 1-23

•  Should Central Banks Issue Digital Currency? (with Todd Keister) Technical Appendix (containing all proofs)

             Review of Economic Studies  volume 90 (2023), pp. 404-431

• Central Bank Digital Currency: Central Banking for All? (with Jesús Fernández-Villaverde, Linda Schilling, and Harald Uhlig)

           Review of Economic Dynamics  volume 41 (2021), pp. 225-242

• Can Currency Competition Work? (with Jesús Fernández-Villaverde)

            Journal of Monetary Economics  volume 106 (2019), pp. 1-15

• Banking Panics and Output Dynamics

           Review of Economic Dynamics  volume 29 (2018), pp. 148-171

• On the Welfare Properties of Fractional Reserve Banking

          International Economic Review  volume 57 (2016), pp. 935-954

• On the Inherent Instability of Private Money

         Review of Economic Dynamics  volume 20 (2016), pp. 198-214

• Private Money and Banking Regulation (with Cyril Monnet)

         Journal of Money, Credit and Banking  volume 47 (2015), pp. 1031-1062

• Optimal Monetary Policy in a Model of Money and Credit (with Pedro Gomis-Porqueras)

         Journal of Money, Credit and Banking  volume 45 (2013), pp. 701-730

• A Dynamic Model of Unsecured Credit

         Journal of Economic Theory  volume 146 (2011), pp. 1941-1964

• Adverse Selection, Segmented Markets, and the Role of Monetary Policy (with Stephen Williamson)

         Macroeconomic Dynamics  volume 15, Supplement No. 2 (2011), pp.269-292

• Money and Credit with Limited Commitment and Theft (with Stephen Williamson)

        Journal of Economic Theory  volume 145 (2010), pp. 1525-1549