Research
Publications
Investment Externalities in Models of Fire Sales. Journal of Monetary Economics, September 2021
Why are Banks Exposed to Monetary Policy? (with Sebastian Di Tella). American Economic Journal: Macroeconomics, October 2021
Signaling to Experts (with Florian Scheuer). Review of Economic Studies, March 2021
Deposit Spreads and The Welfare Cost of Inflation, Journal of Monetary Economics, October 2019
The Social Value of Financial Expertise, American Economic Review, February 2019
Liquidity as Social Expertise, Journal of Finance, December 2017
Asset Markets with Heterogeneous Information, Econometrica, January 2016
Testing for Information Asymmetries in Real Estate Markets (with Johannes Stroebel), Review of Financial Studies, August 2015
Should we Regulate Financial Information? (with Laura Veldkamp), Journal of Economic Theory, July 2015
Optimal Stopping in a Model of Speculative Attacks, Review of Economic Dynamics, April 2015
Lemons Markets and the Transmission of Aggregate Shocks, American Economic Review, June 2013
Working Papers
Aggregation, Liquidity, and Asset Prices with Incomplete Markets (with Sebastian Di Tella and Ben Hébert). Latest Version: March 2024
The Zero-Beta Interest Rate (with Sebastian Di Tella, Ben Hébert and Qitong Wang). Latest Version: August 2023
Efficient Bullshit in Search Markets. Slides, August 2022
Job Interviews in General Equilibrium (with Sebastian Di Tella). Latest Version: September 2017
Optimal Financial Fragility. Latest Version: October 2011