We find that threats of adverse geopolitical events align with the geopolitical risk perceptions and decisions of investors and firms, and capture variation in risk premia across assets and over time. 

• Conference Presentations: 2026 World Symposium on Investment Research, 2026 FSU Truist Beach Conference, 2025 Stanford SITE, 2025 WashU Olin Finance Conference, 2025 SAFE Asset Pricing Workshop, 2025 NYU Shanghai-VINS Annual Conference, 2025 International Behavioural Finance Conference at Chicago Booth, 2025 CREDIT

• Media coverage:  Barron's

While rebalancing is a fundamental tool for investors, mechanical rebalancing costs about 8 basis points annually due to price pressures.

• Conference Presentations: 2026 AFA, 2025 NBER Asset Pricing Spring, 2025 CEPR Paris Symposium, 2025 SFS Cavalcade, 2025 Red Rock Finance Conference, 2025 Imperial College Hedge Fund Conference, 2025 Inquire Europe Autumn Seminar, 2025 FMA, 2025 Isenberg Finance Conference,  2025 Esade Spring Workshop,  2025 LTI-Bank of Italy Workshop

• FT Top 10 Most Downloaded Business Education Papers: article

• Quantpedia Awards 2025 – 1st Place

• Media coverage: Bloomberg, Pensions & Investments, Matt Levine's Money Stuff, Financial Times, Top Traders Unplugged ft. Nick Baltas, Seu Dinheiro, Barron's, FT Alphaville, Institutional Money Magazine, FXStreet

• Independent Replication Analyses: InsiderFinance, Quantitativo

We document long-term reversal patterns in risk-adjusted returns across a broad set of equity anomalies. 

• Conference Presentations: 2025 SFS Cavalcade, 2024 AFA, 2024 MFA, 2024 EWFS, 2023 AiE, 2023 IWiFE

Measurement error—not model failure—largely accounts for the weak empirical performance of the surplus consumption ratio.

• Conference Presentations: 2025 Finance Down Under, 2023 SoFiE, 2022 SFS Cavalcade Asia-Pacific, 2022 EEA, 2022 IAAE, 2022 EFMA, 2022 NZFM

• 2023 VGSF Best Dissertation Award, 2022 John Doukas Ph.D. Best Paper Award 

Cash-flow news explains most of the time variation in stock-oil correlation.

• Conference Presentations: 2025 J.P. Morgan Annual Commodities Symposium, 2022 AFA, 2021 FMA, 2021 CEMA, 2021 DGF

• Runner-Up, Best Paper Award, Investments, 2021 FMA

• Media coverage: Wall Street Journal

A monetary policy rule in which the equilibrium real rate is driven by demographics and productivity features drifting Treasury yields and predictable bond risk premia.

• Conference Presentations: 2nd LTI-Bank of Italy Workshop, 2021 BFWG (QMUL), 2021 IAAE, 2021 INQUIRE Residential Seminar (Bath, UK), 9th Asset Pricing Workshop (University of York)