Research

Publications

"Beliefs, Shocks, and the Emergence of Roles in Asset Markets: An Agent-Based Modeling Approach" (with Evan Albers and Mohammad T. Irfan). Proceedings of the 23rd International Conference on Autonomous Agents and Multiagent Systems (AAMAS 2024), pp. 40-48. May 6-10, 2024.

Best Paper Runner-Up at AAMAS 2024.

"Public and Private Benefits of Information in Markets for Securitized Assets."  Eastern Economic Journal.  48(3): 319-65.  June 2022.  [Preprint]  [Free online access via SharedIt]

"Job Loss, Expected Mobility, and Home Ownership" (with Stephen D. Morris).  Journal of Housing Economics.  53: 101733.  September 2021.

(Previously circulated under the title “Job Loss Risk and Homeownership: Evidence from Assistant Professors”)

"Learning by Lending" (with Victoria Vanasco).  Journal of Financial Intermediation 37: 1-14.  January 2019.  [Postprint on SSRN] [Online Appendix]

(Previously circulated under the title “Relationship Lending: Do Banks Learn?”)
Winner of the JFI Best Paper Award 2019.

"Subprime Foreclosures and the 2005 Bankruptcy Reform"(with Donald Morgan and Benjamin Iverson).  Federal Reserve Bank of New York Economic Policy Review 18(1): 1-11.  March 2012.

Working paper version (contains additional results not in the published paper): "Seismic Effects of the Bankruptcy Reform."  FRBNY Staff Report No. 358, November 2008.

"Information Technology and Productivity Growth in the 2000s" (with Kevin Stiroh). German Economic Review 8(2): 255-280.  May 2007.

Working Papers

"A New Chronology of Bubbles in the United States, 1825-1929: Construction and Implications" (with Andrew J. Jalil).  July 2025.  In preparation for submission.  [ASSA-EHA conference version, January 2019]

"The Long Shadows of the Great Inflation: Evidence from Residential Mortgages" (with Ulrike Malmendier).  June 2025.  R&R at The Review of Financial Studies.

(Previously circulated under the title “Inflation Experiences and Contract Choice – Evidence from Residential Mortgages.”)

"Are Foreign Buyers Making Housing Unaffordable?  Results from a Natural Experiment in Vancouver" (with Isaiah West).  August 2021.  R&R at Regional Science and Urban Economics.