Publications
The Effects of Macroeconomic Shocks: Household Financial Distress Matters
With K. Athreya, R. Mather, and J. Mustre-del-Rio.
Review of Financial Studies, accepted January 2024.
With M. Faria-e-Castro and P. Paul.
Journal of Financial Economics, Vol. 153, March 2024.
With J. Greenwood and P. Han.
International Economic Review, Vol. 63 (3), August 2022.
Improving Sovereign Debt Restructurings
With M. Dvorkin & H. Sapriza & E. Yurdagul.
Journal of Economic Dynamics & Control, Vol. 139, June 2022.
With M. Dvorkin, H. Sapriza, and E. Yurdagul.
American Economic Journal-Macroeconomics, Vol. 13 (2), April 2021.
Designing Unemployment Insurance for Developing Countries
With F. Cirelli and E. Espino.
Journal of Development Economics, Vol. 148, January 2021.
News, Sovereign Debt Maturity, and Default Risk
With M. Dvorkin, H. Sapriza, and E. Yurdagul.
Journal of International Economics, Vol. 126, September 2020.
The Persistence of Financial Distress
With K. Athreya and J. Mustre-del-Río.
Review of Financial Studies, Vol. 32, Issue 10, October 2019.
Natural Resources and Global Misallocation
With A. Monge-Naranjo and R. Santaeulalia-Llopis.
American Economic Journal-Macroeconomics, Vol. 11 (2), April 2019.
Investment and Bilateral Insurance
With E. Espino and J. Kozlowski.
Journal of Economic Theory, Vol. 176, July 2018.
Bankruptcy and Delinquency in a Model of Unsecured Debt
With K. Athreya, X. Tam, and E. Young.
International Economic Review, Vol. 59 (2), May 2018.
Sovereign Default and Maturity Choice
With H. Sapriza and E. Yurdagul.
Journal of Monetary Economics, Vol. 95, May 2018.
Revisiting Gertler-Gilchrist Evidence on the Behavior of Small and Large Firms
With M. Kudlyak.
Journal of Economic Dynamics & Control, Vol. 77, April 2017.
Why Doesn't Technology Flow from Rich to Poor Countries?
With H. L. Cole and J. Greenwood.
Econometrica, Vol. 84 (4), July 2016.
With J. C. Hatchondo and L. Martinez.
Journal of Monetary Economics, Vol. 76, November 2015.
Labor Market Upheaval, Default Regulations, and Consumer Debt
With K. Athreya, X. Tam, and E. Young.
Review of Economic Dynamics, Vol. 18 (1), January 2015.
Quantifying the Impact of Financial Development on Economic Development
With J. Greenwood and C. Wang.
Review of Economic Dynamics, Vol. 16, January 2013.
Financing Development: The Role of Information Costs
With J. Greenwood and C. Wang.
American Economic Review, Vol. 100 (4), September 2010.
Fiscal Policy and Default Risk in Emerging Markets
With G. Cuadra and H. Sapriza.
Review of Economic Dynamics, Vol. 13 (2), April 2010.
Unemployment Insurance with a Hidden Labor Market
With F. Alvarez-Parra.
Journal of Monetary Economics, Vol. 56 (7), October 2009.
