Working Papers

“Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-based Employment Growth,” joint with Benjamin Born, David Matsa, Michael Weber

“The Distributional Impact of Sectoral Supply and Demand Shifts: A Unified Framework,” joint with Nir Jaimovich and Itay Saporta-Eksten

“Do Proprietary Traders Provide Liquidity?” joint with Ohad Kadan, Pamela C. Moulton, and Roni Michaely

“Debt, Information, and Liquidity,” joint with Efraim Benmelech

“Did the CRA Lead to Risky Lending?” joint with Sumit Agarwal, Efraim Benmelech, and Amit Seru


Published Papers

 “Correlations of Mobility and Covid-19 Transmission in Global Data,” joint with Ram Fishman, PLOS ONE, 2023 

“Financing Labor,” joint with Efraim Benmelech and Amit Seru, Review of Finance, 2021

“Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?” joint with Efraim Benmelech and Hyunsoeb Kim, Journal of Human Resources, 2020

“The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis,” joint with Raj Iyer and Richard Thakor, Review of Financial Studies, 2020

“The Agglomeration of Bankruptcy," joint with Efraim Benmelech, Anna Milanez, and Vladimir Mukharlyamov, Review of Financial Studies, 2019

“Credit Market Freezes,” joint with Efraim Benmelech, NBER Macroeconomics Annual, 2018

“Negotiating with Labor under Financial Distress,” joint with Efraim Benmelech and Ricardo Enriquez, Review of Corporate Finance Studies, 2012

“Credit Traps,” joint with Efraim Benmelech, American Economic Review, 2012

“Vintage Capital and Creditor Protection,” joint with Efraim Benmelech, Journal of Financial Economics, Vol. 99, 2011

“Bankruptcy and the Collateral Channel,” joint with Efraim Benmelech, The Journal of Finance, Vol. 66, 2011

“Collateral Pricing,” joint with Efraim Benmelech, Journal of Financial Economics, Vol. 91 2009

“Investor Sentiment and Corporate Disclosure,” Journal of Accounting Research, joint with Sugata Roychowdhury, Vol. 46, 2008

“Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines,” joint with Efraim Benmelech, Quarterly Journal of Economics, Vol. 123, 2008

“Employee Sentiment and Stock Option Compensation,” joint with Dirk Jenter, Journal of Financial Economics, Vol. 84, 2007

“Investor Protection and the Coasian View,” joint with Daniel Nicolaievsky, Journal of Financial Economics, Vol. 84, 2007