Research

A Unified Theory of the Term-Structure and Monetary Stabilization (with Marc Dordal i Carreras): Draft.pdf Slides.pdf

A Theory of Keynesian Demand and Supply Interactions under Endogenous Firm Entry (with Marc Dordal i Carreras and Zhenghua Qi): Draft.pdf

Self-fulfilling Volatility, Risk-Premium, and Business Cycles (Job Market Paper) (with Marc Dordal i Carreras): Draft.pdf Slides.pdf

A Higher-Order Forward Guidance (with Marc Dordal i Carreras) Slides.pdf

Heterogeneous Beliefs, Risk Amplification, and Asset Returns (with Goutham Gopalakrishna and Theofanis Papamichalis): Draft.pdf SSRN Slides.pdf

Managerial Incentives, Financial Innovation, and Risk-Management Policies (with Son Ku Kim and Sheridan Titman) Draft.pdf Slides.pdf

Ignorance is Bliss: Ex-Ante vs. Ex-Post Information Systems in an Agency Model (with Jin Yong Jung and Son Ku Kim): Draft.pdf Slides.pdf

Justifying the First-Order Approach in Agency Frameworks with the Agent’s Possibly Non-Concave Value Function (with Jin Yong Jung and Son Ku Kim): Draft.pdf Slides.pdf

Work in Progress

A New Indeterminacy with Fluctuations in Volatility and Risk Premium (with Marc Dordal i Carreras)

Do Cost of Living Shocks Pass Through into Wages? (with Justin Bloesch and Jake Weber)

Risky Growth with Short-Term Debt (with Artur Doshchyn)

Empirical Estimation of Bond Market Segmentation (with Marc Dordal i Carreras and Anna Carruthers)

Optimal Contracts in the Presence of Risk-Prudence (with Jin Yong Jung)

Resting Work

The Spatial Transmission of US Banking Panics (with Marc Dordal i Carreras) Slides.pdf