Research

Monetary Policy, Inflation, and Crises: Evidence From History and Administrative Data

(with Gabriel Jiménez, Dmitry Kuvshinov and José-Luis Peydró) Accepted at the Journal of Finance  

[CEPR DP 17761] [VoxEU column] [BSE focus]

When  Two Become One: Foreign Capital and Household Credit Expansion

(with Lukas Diebold) Accepted at the Review of Financial Studies 

Sectoral Dynamics of Safe Assets in Advanced Economies 

(with Madalen Castells, Dmitry Kuvshinov and Victoria Vanasco)

The Shifts and the Shocks: Bank Risk, Leverage, and the Macroeconomy

(with Dmitry Kuvshinov and Kaspar Zimmermann)

The Profit-Credit Cycle 

(with Kaspar Zimmermann)

Concentrating on Bailouts: Government Guarantees and Bank Asset Composition 

(with Christian Eufinger and Juan Pablo J. Gorostiaga )

Bank Capital Redux: Solvency, Liquidity, and Crisis 

(with Òscar Jordà, Moritz Schularick and Alan M. Taylor)

The Review of Economic Studies, Volume 88, Issue 1, January 2021, Pages 260–286 

When to Lean Against the Wind

(with Moritz Schularick and Paul Wachtel)

Journal of Money, Credit and Banking, Volume 53, Issue 1, February 2021, Pages 5-39

The Costs of Macroprudential Policy

(with Moritz Schularick and Ilhyock Shim)

Journal of International Economics, Volume 118, May 2019, Pages 263-282