Publications and Accepted Papers

When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets, with I. Sen and A.M. Tenekedijieva

Accepted, Quarterly Journal of Economics

[Wharton Marshall Blume First Prize for Financial Research 2026]

Selected Policy & Press: Bloomberg,  New York Times (1), Matt Levine (Bloomberg), New York Times (2), Washington Post (1), New York Times (3),   The Guardian , New Yorker, Washington Post (2), The Wall Street Journal, Senate Budget Committee Hearing, Ishita Sen's Senate Testimony, Congressional Letter to the NAIC, Congressional Letter to Fannie Mae (1), Congressional Letter to Demotech, Congressional Letter to Fannie Mae & Freddie Mac (2)

Who Bears Flood Risk? Evidence from Mortgage Markets in Florida 

Review of Financial Studies (August 2026) [Lead Article and Editor's Choice]

Selected Policy & Press: 2023 Economic Report of the President (CEA), Realtor.com, 2024 CBO Climate Report

The Moral Preferences of Investors: Experimental Evidence, with J.F. Bonnefon, A. Landier, and D. Thesmar, 

Journal of Financial Economics (January 2025)

Selected Policy & Press: Harvard Law School Forum on Corporate Governance Blog Post

Published Reviews and Invited Research

Perspectives on Insurance and Climate Risk, with I. Sen

In Preparation for Journal of Finance Insights & Perspectives

The Economics of Net Zero Banking, with A. Morse 

Annual Review of Financial Economics (November 2025)

Policy & Press: Harvard Law School Forum on Corporate Governance Blog Post, The Banker (FT), 

Working Papers

Business as Usual: Bank Net Zero Targets, Lending and Engagement, with E. Verner and D. Marques-Ibanez 

Selected  Presentations (including scheduled ones): European Central Bank; NYU WAPFIN; SFS Cavalcade 2024; WFA 2024; NBER Environmental and Energy Economics (Summer Institute 2024); SITE Climate Finance 2024; FIRS 2025

Press Mentions: New York Times, CNN, BBC Radio, Financial Times, CEPR/VoxEU

Policy Mentions: Presented in front of the ECB Executive Committee 

The Insurance Protection Gap, with T. Scharleman, I. Sen and A.M. Tenekedijieva

[WFA Best Paper on Financial Institutions 2025]

Select Presentations (including scheduled ones): WFA 2025; SFS Cavalcade 2025; NBER Insurance Working Group (Spring 2025); NYU Climate Finance Conference (Summer 2025), SITE Climate Finance & Banking 2025, NBER IO of Housing Markets Conference 2025, NBER Household Finance Fall 2025, NBER Capital Markets & The Economy (Summer Institute 2026), 

Insurance Guaranty Funds, with B. Abramson, I. Sen and A.M. Tenekedijieva

Select Presentations (including scheduled ones): WFA 2026, Cavalcade 2026, FIRS 2026, AREUEA National Conference 2026

Financing Investment in Electricity, with O. Darmouni and C. Lehner

Select Presentations (including scheduled ones): Baruch Climate Conference 2026, RFS-UNC Energy Finance Conference 2026, Cavalcade 2026, NBER/NYU/BI Climate and Nature Finance Conference 2026, NBER Environmental & Energy Economics (Summer Institute 2026)

Banks as stewards, with K. Blickle and A. Morse

Select Presentations (including scheduled ones): BIS Gerzensee 2026, WFA 2026, Cavalcade 2026, 

Corporate Intent, with A. Landier and D. Thesmar