Papers

       Research Statement (an overview of my work)
            January 2016


Working Papers

    (with Rui Mano), April 2015
    Under revision for The Quarterly Journal of Economics

    (with Konrad Burchardi and Thomas Chaney), December 2015 

    (with Thomas Mertens and Tony Zhang), December 2015 

    (with Stephan Hollander, Laurence van Lent, and Ahmed Tahoun), September 2016 
    [Slides] [SSRN] [Press: NYT, Vox, Worth, Promarket] [BibTex]


Published and Forthcoming Papers

The Power of the Street: Evidence from Egypt's Arab Spring
    (with Daron Acemoglu and Ahmed Tahoun), January 2015
    [Slides] [SSRN] [NBER Working Paper] [Voxeu column] [Video[Press coverage]
    [BibTex]
    The Review of Financial Studies, forthcoming

The Social Cost of Near-Rational Investment    
    (with Thomas M. Mertens), July 2016
    [Slides] [SSRN] [NBER Working Paper] [Press coverage] [BibTex]
    [Code: Static Model, Dynamic Model (coming soon)]

    The American Economic Review (2017) 107 (4), pp. 1059-1103

Natural Experiments in Macroeconomics

    (with Nicola Fuchs-Schündeln), March 2015
    [Online appendix] [NBER Working Paper] [Slides]
    [Teaching Materials:
 Slides, Handout, Latex Code] [BibTex]
    Handbook of Macroeconomics Volume 2 (2016), North-Holland, pp. 923-1012

    (with Thomas Mertens and Tony Zhang)
    Journal of International Economics (2016) 99, pp. S43-S57 

    The Journal of Finance (2013) 68(6), pp. 2269-2308.
    Winner of the Austrian Central Bank's 2009 Klaus Liebscher Award
    Winner of the Leo Melamed Prize for Outstanding Research in Finance

    (with Konrad Burchardi)
    The Quarterly Journal of Economics (2013) 128(3), pp. 1219-1271

    (with Daron Acemoglu and James A. Robinson) 
    The Quarterly Journal of Economics (2011) 126(2), pp. 895-946.
 
Market Sentiment: A Tragedy of the Commons
    (with Thomas M. Mertens)
    [BibTex]
    The American Economic Review P&P (2011) 101(2), pp. 402-405.