I joined the University of Chicago in 2015 as an Assistant
Professor after receiving my Ph.D from the University of California, San Diego. My research is
at the intersection of finance and macroeconomics, with a particular
emphasis on asset pricing. I use a unique combination of theory
and applied econometrics to offer a richer picture of risks faced by
financial market participants—households, institutional investors, and
financial intermediaries—and shed new light on underlying economic
mechanisms linking financial markets with the real economy.
A common thread in my research agenda is the study of
conditional distributions and higher moments, with an emphasis on the
evolution of cross-sectional distributions over time in response to
macroeconomic events. While the majority of empirical research
emphasizes conditional means and variances, other moments of the
distribution often reveal interesting asymmetries and nonlinearities
which yield new insights about the propagation of aggregate shocks.
Examples from my research consider the interaction between asset
returns and idiosyncratic tail risk in the labor market, as well as the
strategic behavior of investors during the money market panic of 2008.