with Dean Corbae (forthcoming JPE Macro)
with Dean Corbae and Kuan Liu
with Guillermo Ordoñez and Mahdi Shahrabi
A Quantitative Model of Bank Mergers [June 2025]
with Dean Corbae and Charles Smith
with Selman Erol and Guillermo Ordoñez
(previously circulated as "Regulating Clearing in Networks")
The Anatomy of Financial Exposures [April 2025]
with Selman Erol and Guillermo Ordoñez
Banking Industry Dynamics Across Time and Space [August 2023]
with Dean Corbae
Structural Stress Tests [Jan 2018]
with Dean Corbae, Sigurd Galaasen, Alfonso Irarrazabal and Thomas Siemsen
Government Reputation and Debt Repayment [Feb 2011]
Investment and Firm Dynamics [April 2014]
(R&R Economic Inquiry)
Measuring Climate Transition Risk at the Regional Level with an Application to Community Banks [2024]
with Mitchell Berlin, SungJe Byun, and Edison Yu, European Economic Review, Vol 70.
with Igor Livshits and Koen Schoors, Journal of International Economics, Vol 150.
The Bank Lending Channel Across Time and Space [2023]
with Dean Corbae Heterogeneity in Macroeconomics: Implications for Monetary Policy
edited by Ernesto Pasten and Gianluca Violante
with Dean Corbae and Kuan Liu, Fintech Competition: Law, Policy, and Market Organization
edited by Konstantinos Stylianou, Marios Iacovides, and Bjorn Lundqvist
Bloomsbury-Hart
with Dean Corbae, Econometrica, Vol 89 (6).
(prev. circulated as "Capital Requirements in a Quantitative Model of Banking"with Dean Corbae, The Review of Economic Studies, Vol 88 (5).
with Enrique Mendoza, Journal of Monetary Economics, Vol 117.
(prev. circulated as "Optimal Domestic (and External) Sovereign Default")Rising Bank Concentration [2020]
with Dean Corbae Journal of Economic Dynamics and Control, Vol 115.
with Hernan Moscoso Boedo, Maria Pia Olivero and Maximo Sangiacomo, IMF Economic Review, Vol 68 (3).
with Ryan A. Decker and Hernan Moscoso Boedo, American Economic Journal Macroeconomics, Vol. 8 (1), pp 148-98.
(previously circulated as "Intangible Expenses and Endogenous Firm Volatility over the Business Cycle")
with Enrique Mendoza, Journal European Economic Association Vol 14 (1), pp. 7-44.
with Enrique Mendoza and Jing Zang, Handbook of Macroeconomics Volume 2 (B) John B. Taylor, Harald Uhlig (Editors).
Economia, The Journal of LACEA, Vol 16 (2), pp. 143-199.
with Dean Corbae, IMF Economic Review Vol 63 (4), pp. 830-867.
with Hernan Moscoso Boedo and Asli Senkal, Journal of Economic Dynamics and Control Vol 42, pp 122-14
with Hernan Moscoso Boedo, Journal of Monetary Economics Vol 59, 3, pp 286-302.
with Dean Corbae and Burhan Kuruscu, Journal of Monetary Economics Vol 56, 1, pp 43-61
Are Higher Capital Requirements Worth It? [2018 Quarter 2]
Federal Reserve Bank of Philadelphia, Economic Insights (Second Quarter).
Media Coverage: "Forcing climate mandates on banks will stifle access to affordable credit," The Hill, February 2022 [link].
Federal Reserve Bank of Philadelphia, Banking Trends (First Quarter)
Media Coverage: "Mounting commercial real estate losses threaten banks, recovery," Washington Post, Nov 2020 [link].
Federal Reserve Bank of Philadelphia, Research Brief
with Gabriel Butler, Federal Reserve Bank of Philadelphia, Economic Insights (Fourth Quarter)
Bank Stocks and Uninsured Deposits: Partners in Banking Failure [June 2024]
with Guillermo Ordoñez and Mahdi Shahrabi
Sovereign Default Risk and Bank Balance Sheets [Dec 2016]
with Emine Boz and Bora Durdu
Deb Deleveraging, Unemployment, and Macroprudential Policy
with Javier Bianchi and Enrique Mendoza
Discussion "Regional Banks, Aggregate Effects" by Quinn Maingi at MFA 2025 (March 2025) link
Discussion "Entwined Risks: Sovereign Default, Bank Failures and Economic Activity" by Luigi Falasconi, Andrew Hannon, Caterina Mendicino, Enrique Mendoza at ASSA Meetings 2025 (January 2025) link