Research
Publications:
Screening and Adverse Selection in a Frictional Market (with Ben Lester, Venky Venkateswaran, and Ariel Zetlin-Jones) January 2017 - [PDF] (Slides - [PDF]) Forthcoming, The Journal of Political Economy
External Financing and the Role of Financial Frictions over the Business Cycle: Measurement and Theory (with Ariel Zetlin-Jones), July 2017 - [PDF], Online Appendix [PDF] - Forthcoming, Journal of Monetary Economics
Reputation and Persistence of Adverse Selection in Secondary Loan Markets (with V. V. Chari and Ariel Zetlin-Jones) [PDF], December 2014, American Economic Review
Slides - [PDF]
Previous version as NBER Working Paper - [PDF]
Optimal Contracting and Dynamic Altruism: Consumption and Family Size (with Roozbeh Hosseini and Larry E. Jones), September 2013 - [PDF], Journal of Economic Theory
Online Appendix [PDF]
Optimal Pension Systems with Simple Instruments (with Mikhail Golosov, Maxim Troshkin, and Aleh Tsyvinski), American Economic Review, Papers and Proceedings, May 2013 - [PDF]
Working Papers
Retirement Financing: An Optimal Reform Approach (with Roozbeh Hosseini) August 2018 - [PDF] (Slides - [PDF]) Revise and Resubmit at Econometrica
Inequality, Redistribution, and Optimal Trade Policy: A Public Finance Approach (with Roozbeh Hosseini) March 2018 - [PDF]
Market Making with Search and Information Frictions (with Ben Lester, Venky Venkateswaran, and Ariel Zetlin-Jones) May 2018 - [PDF] (Slides - [PDF])
Optimal Taxation of Wealthy Individuals, December 2012, - [PDF] (Slides - [PDF])
Incentives and Efficiency of Pension Systems (with Maxim Troshkin), July 2017 - [PDF]
Political Economy of Sovereign Debt: A Theory of Cycles of Populism and Austerity (with Alessandro Dovis and Mikhail Golosov), January 2016 - [PDF] (Slides - [PDF])
Efficiency and Adverse Selection: On Desirability of Mutual Contracts (with V. V. Chari and Ariel Zetlin-Jones) Draft Coming Soon
Comment:
Comment on Fertility Social Mobility and Long-Run Inequality by Juan Carlos Cordoba, Xiying Liu, and Marla Ripoll, Journal of Monetary Economics, February 2016, [PDF]
Discussions:
Discussion of Dana Foarta and Takuo Sugaya's "Unification versus Separation of Regulatory Institutions", [PDF]
Discussion of Vincenzo Quadrini's The Growth of Emerging Economies and Global Macroeconomic Stability, [PDF]
Discussion of Patrick Kehoe, Virgiliu Midrigan and Elena Pastorino's Debt Constraints and the Labor Wedge, [PDF]
Discussion of Mikhail Golosov and Luigi Iovino's Social Insurance, Information Revelation, and Lack of Commitment, [PDF]
Discussion of Darrell Duffie, Piotr Dworczak, and Haoxiang Zhu's Benchmarks in Search Markets, [PDF]
Discussion of Xavier Giroud and Holger Mueller's Firm Leverage and Unemployment during the Great Recession, [PDF]
Discussion of Juan Cordoba, Xiying Liu, and Marla Ripoll's Fertility, Social Mobility and Long-Run Inequality, [PDF]
Discussion of Sebastian Di Tella and Pablo Kurlat's A Learning Model of Search and Matching, [PDF]
Discussion of Marco Basseto, Marco Cagetti, and Mariacristina De Nardi's Credit Crunches and Credit Allocation in a Model of Entrepreneurship, [PDF]
Discussion of Emmanuel Farhi and Ivan Werning's Estate Taxation with Altruism Heterogeneity, [PDF]
Discussion of Matthew Weinzierl's Why do we Redistribute so Much but Tag so Little? The Principle of Equal Sacrifice and Optimal Taxation, [PDF]
Discussion of Ed Nosal's Equilibrium Bank Runs Revisited, [PDF]