Research

Research

Publications

Financial Contracting with Enforcement Externalities
(Journal of Economic Theory, Vol. 178, No. 178, pp.153-189, 2018)

Slides
Working Paper
Online Appendix

Modeling the Revolving Revolution: The Debt Collection Channel
(American Economic Review, Vol. 107 , No. 3, 2017)

Slides
Working Paper
Online Appendix
Replication Files

Understanding International Prices: Customers as Capital
(American Economic Review, Vol. 102, No. 1, 2012)

Slides
Working Paper
Online Appendix
Replication Files

The Trade-Comovement Puzzle
(AEJ: Macroeconomics, Vol. 13, No. 2, pp. 78-120, 2021)

Slides
Online Appendix
Replication Files

The Nontradable Goods' Real Exchange Rate Puzzle
(NBER International Seminar on Macroeconomic, 2009)

Working papers

Understanding Growth through Automation: The Neoclassical Perspective
(joint with Mathieu Taschereau-Dumouchel and Marina Mendes Tavares)

Slides
Online Appendix

The Future of Labor: Automation and the Labor Share in the Second Machine Age
(under revision, new version coming soon)
(joint with Hong Cheng, Rahul Giri, Mathieu Taschereau-Dumouchel and Junjie Xia)

Slides

Credit Cards and the Great Recession: The Collapse of Teasers
(under revision, new version coming soon)
(joint with Michal Kowalik)

Slides

Optimality of Zero APR on Credit Cards: An Analytical Framework
(joint with Michal Kowalik)

Slides

Unpublished research

Competing for Customers: A Search Model of the Market for Unsecured Credit
(joint with Jaromir Nosal)

Slides (revised draft)

Pricing-to-Market in Business Cycle Models
(joint with Jaromir Nosal)

Slides

Other writings

Why Credit Cards Played a Surprisingly Big Role in the Great Recession
(Economic Insights, Philadelphia Fed, Second Quarter 2021)

Responding to COVID-19: A Note
(Federal Reserve Bank of Philadelphia, Working Papers)

Erratum
Replication Files

The Quiet Revolution in Debt Collection
(AEA Research Highlights)

The Policy Perils of Low Interest Rates
(Economic Insights, Philadelphia Fed, First Quarter 2018)