Working Papers

1. "Evaluating Private Equity From an Investor's Perspective",  joint with A. Korteweg and V.A. Systla, May 2024

2. "Running Primary Deficits Forever in Dynamically Efficient Economies: Feasibility and Optimality",  joint with A. Abel, February 2024

3. "A Long and a Short Leg make for a Wobbly Equilibrium",  joint with N. Garleanu and G. Zheng, March 2023

4. "Value without Employment",  joint with S. Barkai. January 2023

5. “Finance in a time of Disruptive Growth", joint with N. Garleanu February 2024 

6. “Pension Design in the Presence of Systemic Risk,” July 2014 

Geewax, Terker Prize in Investment Research, Rodney L. White Center for Financial Research, 2007

7. “A Global Equilibrium Model of Sudden Stops and External Liquidity Management.” (joint with R. Caballero), September 2007

8. “The Neoclassical Theory of Investment in Speculative Markets,” , December 2005

9. “The real effects of stock market mispricing at the aggregate: Theory and Empirical Evidence” (joint with E. Farhi), mimeo. M.I.T. and the Wharton School, December 2004