The Fed's discount window in "normal" times, with Beth Klee, International Economic Review, forthcoming (LINK) newer version
Money Market Fund Reform: Dealing with the Fundamental Problem, with Jeffrey M. Lacker and John A. Weinberg, Journal of Risk and Financial Management 16 (1), January 2023. Special Issue on Central Banking and Financial Stability, edited by Diana Hancock and Ricardo Correa [LINK]
Paying Interest on Reserves, with John Weinberg, in Essays in Honor of Marvin Goodfriend: Economist and Central Banker, edited by Robert G. King and Alexander L. Wolman, May 2022. [LINK]
Interventions in markets with adverse selection: Implications for discount window stigma, Journal of Money, Credit, and Banking 51 (7), October 2019 [LINK]
A simple general equilibrium model of large excess reserves, Journal of Monetary Economics 98, October 2018 [LINK]
Optimal banking contracts and financial fragility, with Todd Keister, Economic Theory 61 (2), February 2016 [LINK]
Comment on "Scarcity of safe assets, inflation, and the policy trap" by Andolfatto and Williamson, Journal of Monetary Economics, Carnegie-Rochester-NYU Series, July 2015 [LINK]
Large excess reserves in the U.S.: A view from the cross-section of banks, with Alex Wolman, International Journal of Central Banking 11 (1), 2015 [LINK]
Over-the-counter loans, adverse selection, and stigma in the interbank market, with John Weinberg, Review of Economic Dynamics 16 (4), 2013 [LINK]
Discussion of Acharya and Skeie: A model of liquidity hoarding and term premia in inter-bank markets, Journal of Monetary Economics, Carnegie-Rochester Series, June 2011 [LINK]
Banking panics and policy responses, with Todd Keister, Journal of Monetary Economics, May 2010 [LINK]
Run equilibria in the Green-Lin model of financial intermediation, with Todd Keister, Journal of Economic Theory, September 2009 [LINK]
Bank runs and institutions: The perils of intervention, with Todd Keister, American Economic Review, September 2009 [LINK]
Avoiding the inflation tax, International Economic Review 5 (2), May 2009 [LINK]
Search, money, and inflation under private information, Journal of Economic Theory 138 (1), 2008 [LINK]
Bank runs and investment decisions revisited, with Todd Keister, Journal of Monetary Economics 53 (2), 2006