Publications
16. Credit Supply and House Prices: Evidence from Mortgage Market Segmentation
With Antoinette Schoar and Felipe Severino, revised July 2023. NBER WP 17832
Accepted, Journal of Financial Economics.
15. The role of trade credit in the transmission of unconventional monetary policy
With Miguel Ferreira, Mariassunta Giannetti, and Pedro Pires
Review of Financial Studies, Volume 36, Issue 2, February 2023, Pages 775–813.
14. Hospital financial health and clinical choices: evidence from the financial crisis
With Katharina Lewellen and W. Ben McCartney
Management Science, Vol. 68(3): 2098-2119 (March 2022).
13. Are Lemons Sold First? Dynamic Signaling in the Mortgage Market
With Kris Gerardi and Barney Hartman-Glaser
Jensen Prize for Best Paper in Corporate Finance, Second Place
Journal of Financial Economics, Volume 132, Issue 1, Pages 1-25, Lead Article (April 2019).
12. The Role of Housing and Mortgage Markets in the Financial Crisis
With Antoinette Schoar and Felipe Severino
Annual Review of Financial Economics, Vol. 10:25-41 (November 2018).
11. Dynamics of Housing Debt in the Recent Boom and Bust
With Antoinette Schoar and Felipe Severino
2017 NBER Macro Annual.
10. The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration
With Igor Cunha and Miguel Ferreira
Review of Financial Studies, Volume 30, Issue 9, Pages 3223–3268 (September 2017).
9. Firm Age, Investment Opportunities, and Job Creation
[published version], [appendix]
With Song Ma and David Robinson
Featured in the VOX blog, Best Paper Award at the 2014 Red Rock Conference
Journal of Finance, Volume 72, Issue 3, pages 999-1038 (June 2017).
8. The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities
[published version], [appendix]
With Scott Frame and Kris Gerardi
Journal of Monetary Economics, Volume 87, Pages 34-51 (May 2017).
7. Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class
[published version], [appendix], [data]
With Antoinette Schoar and Felipe Severino
RFS Editor's choice, RFS Best Paper Runner Up Award, 2017.
Review of Financial Studies, Volume 29, Issue 7, pages 1635-1670 (July 2016).
6. Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades
With Miguel Ferreira
Review of Financial Studies, Volume 29, Issue 7, pages 1709-1746 (July 2016).
5. Investment Decisions of Nonprofits: Evidence from Hospitals
With Katharina Lewellen and Anant Sundaram
Journal of Finance, Volume 70, Issue 4, pages 1583–1628 (August 2015).
4. House Prices, Collateral and Self-Employment
With Antoinette Schoar and Felipe Severino
Featured in the NBER Digest
Journal of Financial Economics, Volume 117, Issue 2, Pages 288–306 (August 2015).
3. Corporate Distress and Lobbying. Evidence from the Stimulus Act
[published version], [appendix]
With Serdar Dinc
Featured in the Harvard Law School Forum on Corporate Governance and Financial Regulation
Journal of Financial Economics, Volume 114, Issue 2, Pages 256–272 (November 2014).
With Kris Gerardi and Paul Willen
Journal of Real Estate Finance and Economics, Volume 49, Issue 3, Pages 352-378 (October 2014).
1. Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
[published version], [appendix]
With Kris Gerardi and Paul Willen
Featured in The Economist, New York Times, Washington Post, Boston Globe, New Yorker, Bloomberg, BusinessWeek
Journal of Monetary Economics, Volume 60, Issue 7, Pages 835-853 (October 2013).