Working Papers

"On Balance Sheet Spillovers from Nonbanks to Banks"(with Dean Corbae and Pablo D'Erasmo). 


"Bank Financial Transparency and the Lending Channel of Monetary Policy Transmission"  (with Yingtong Xie )


"Private Firm Debt Structure" (with Ikuo Takei)  

Summary:  Utilizing firm credit registry data from Japan, this paper conducts large-sample analyses on the debt structure of private firms.


Work in Progress

"Corporate Market Power and Bank Loan Pricing"(with Adam Spencer). 



"Composition of External Finance, Information, and Firm Ownership"(with Dean Corbae and Katya Kazakova)

 Summary: U.S. Census research projects that utilize confidential data on detailed balance sheet and income statement information of private and public corporations in the U.S.