My Research

CURRENT RESEARCH

Frost and Fire: A Tale of Two Crises


Asset Specificity and Borrowing Capacity 


Dynamic Design and Trade of Securities in Markets with Asymmetric Information


Multilateral Bargaining with Information Spillovers

WORKING PAPERS

The Macroeconomics of Firm Forecasts (with A. Kohlhas)


Fixed Costs, Product Heterogeneity and the Force of Competition (with A. Martin, M. Ptashkina and J. Ventura)


Informed Intermediation over the Cycle (with V. Vanasco)

PUBLICATIONS

Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium 

Review of Economic Studies, forthcoming (with L. Laeven, A. Martin, A. Van der Ghote and V. Vanasco)

Security Design in Non-Exclusive Markets with Asymmetric Information 

Review of Economic Studies, 2024 (with V. Vanasco)

The Good, the Bad and the Complex: Product Design with Imperfect Information

American Economic Journal: Microeconomics, 2023 (with D. Foarta and V. Vanasco)

Collateral Booms and Information Depletion

Review of Economic Studies, 2022 (with L. Laeven and A. Martin)

Monetary Policy for a Bubbly World

Review of Economic Studies, 2021 (with L. Fornaro, A. Martin and J. Ventura)

Aggregation and Design of Information in Asset Markets with Adverse Selection

Journal of Economic Theory, 2021 (with W. Fuchs and B. Green)

Balance Sheet Channel with Information-Trading Frictions in Secondary Markets

Review of Economic Studies, 2021

Liquidity Sentiments

American Economic Review, 2019 (with W. Fuchs and B. Green)

Information Spillovers in Asset Markets with Correlated Values

American Economic Review, 2017 (with W. Fuchs and B. Green)