Research‎ > ‎


“Productivity Growth and Capital Flows: The Dynamics of Reforms” (with Yongseok Shin). American Economic Journal: Macro, forthcoming.

"Aggregate Implications of a Credit Crunch" (with Ben Moll)American Economic Journal: Macro, vol. 7, 2015.

"Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective" (with Joe Kaboski and Yongs Shin). Annual Review of Economics, vol. 7, 2015.

"Anatomy of a credit crunch: From Capital to Labor Markets" (with Roberto Fattal Jaef and Yongs Shin). Review of Economic Dynamics, vol. 18, 101–117, 2015. 

"Macro-perspective on Asset Grants Programs: Occupational and Wealth Mobility" (with Joe Kaboski and Yongs Shin). AER P&P, vol. 104, 159-164, 2014.

"PDE Models in Macroeconomics" (with Yves Achdou, Jean-Michel Lasry, Pierre-Louis Lions and Ben Moll)Philosophical Transactions of the Royal Society A372, 2014.

"Financial Frictions and the Persistence of History: A Quantitative Exploration" (with Yongs Shin). Journal of Political Economy, vol. 121, 221-272, 2013.

"Well-Intended Policies" (with Ben Moll and Yongs Shin). Review of Economic Dynamics, vol. 16, 216-230, 2013.

"The Rise of the Service Economy" (with Joe Kaboski). American Economic Review, vol. 102, 2540-69, 2012.

"Scale and the Origins of Structural Change" (with Joe Kaboski). Journal of Economic Theory, vol. 147, 684-712, 2012.

"Finance and Development: A Tale of Two Sectors" (with Joe Kaboski and Yongs Shin). American Economic Review, vol. 101, 1964-2002, 2011.

"Learning the Wealth of Nations" (with Alex Monge and Giorgio Primiceri). Econometrica, 79, 1-45, 2011. 

"Self-Insurance vs. Self-Financing: A Welfare Analysis of the Persistence of Shocks" (with Yongs Shin). Journal of Economic Theory, vol.146, 845-862, 2011.

"Can Traditional Theories of Structural Change Fit the Data?" (with Joe Kaboski). Journal of the European Economic Association, vol. 7, 469-477, 2009.

"A dynamic model of entrepreneurship with borrowing constraints: theory and evidence". Annals of Finance, vol. 5, 443-464, 2009.

"Optimal maturity of government debt without state contingent bonds" (with Juanpa Nicolini). Journal of Monetary Economics, vol. 51, 531-554, 2004.