Publications

The Secular Decrease in UK Safe Asset Market Power

joint with Jason Choi, Duong Dang, and Rishabh Kirpalani, American Economic Association Papers and Proceedings, (2023) 113: 120-24.

The Micro Anatomy of Macro Consumption Adjustments

joint with Rafael Guntin and Pablo Ottonello, American Economic Review, (2023) 113(8): 2201-2231.

Monetary Policy and Redistribution in Open Economies

joint with Xing Guo and Pablo Ottonello. JPE: Macroeconomics (2023) 1:1, 191-241.

Are Collateral-Constraint Models Ready for Macroprudential Policy Design?

joint with Pablo Ottonello and Paolo Varraso, Journal of International Economics (2023): 139: 103650.

Currency Choice in Contracts

joint with Andres Drenik and Rishabh Kirpalani, Review of Economic Studies (2022) 89(5):2529–2558.

Global Banks and Systemic Debt Crises

joint with Juan Morelli and Pablo Ottonello, Econometrica (2022) 90(2):749-798.

Domestic Price Dollarization in Emerging Economies

joint with Andres Drenik, Journal of Monetary Economics (2021) 122:38-55.

Older working paper version Pricing in Multiple Currencies in Domestic Markets

Price Setting Under Uncertainty About Inflation

joint with Andres Drenik, Journal of Monetary Economics (2020) 116:23-38.

The Currency Composition of Sovereign Debt

joint with Pablo Ottonello, American Economic Journal: Macroeconomics (2019) 11(3):174-208.

Wealth Redistribution After Exchange Rate Devaluations

joint with Andres Drenik and Gustavo Pereira, American Economic Association Papers and Proceedings (2018) 108: 552-556.

Online Appendix

Sovereign Debt Maturity Structure Under Asymmetric Information

Journal of International Economics (2017) 108: 243-259.

 

Working Papers

Bankruptcy Efficiency and Credit Cycles

joint with Martin Kornejew, Chen Lian, Yueran Ma and Pablo Ottonello. Prepared for NBER Macroannual

Exorbitant Privilege and the Sustainability of US Public Debt

joint with Jason Choi, Duong Dang, and Rishabh Kirpalani. Prepared for American Economic Association Papers and Proceedings.

The Exchange Rate as an Industrial Policy

joint with Pablo Ottonello and William Witheridge.

Global Borrowing Costs and Firms’ Risk in Open Economies

joint with Caitlin Hegarty, Matias Moretti and Pablo Ottonello.

US Public Debt and Safe Asset Market Power

joint with Jason Choi and Rishabh Kirpalani. Revise and Resubmit (2nd round), Journal of Political Economy

Sovereign Debt, Domestic Banks and the Provision of Public Liquidity

Job market paper version. Reject and Resubmit, Review of Economic Studies