Research
Transparency and Collateral: Central versus Bilateral Clearing (with Francesca Carapella and Francesco Carli), November 2016
Mortgage Rates and Credit Risk: Evidence from Mortgage Pools (with Celso Brunetti and Jay Im), November 2016
Economic Volatility and Financial Markets: The Case of Mortgage-Backed Securities (with Celso Brunetti), October 2016
Optimal Monetary Policy Under Incomplete Financial Markets when Money is Essential” (with Enrique Kawamura), in progress
The Optimal Inflation Target in an Economy with Limited Enforcement (with Costas Azariadis and James Bullard), Macroeconomic Dynamics, Vol. 20(2), March 2016, 582-600
Costly Monitoring, Dynamic Incentives, and Default (with Francesco Carli), Journal of Economic Theory, Vol. 159, Part A, September 2015, 105-119
Repos, Fire Sales, and Bankruptcy Policy (with Francesca Carapella, Charles Kahn, Antoine Martin, David Mills, and Ed Nosal), Review of Economic Dynamics, Vol. 18(1), January 2015, 21-31