Publications in Refereed Journals

“Constructing Pure-Exchange Economies with Many Equilibria,” with Pascal Gauthier and Timothy J. Kehoe, Economic Theory (Special issue in honor of Professor Nicholas Yannelis), forthcoming. (Code for restart procedure, Discussion Paper version)

“Security Creation Costs and Economic Development,” with Pedro Amaral, Economic Theory, forthcoming. Springer link

“Optimal Financial Exclusion,” with Cyril Monnet, American Economic Journals: Microeconomics, 13, 2021, pp. 101-134. (Working Paper version, Online appendix, Code)

“A Back-up Quarterback View of Mezzanine Finance,” with Antonio Mello, Real Estate Economics, 49, 2021, pp. 526-556. Wiley (Working Paper version, Online appendix)

“Cash-flow Tranching and the Macroeconomy,” with Pedro Amaral and Dean Corbae, International Economic Review, 61, 2020, pp. 1815-1843. (Wiley, Working Paper version)

“Rational Opacity,” with Cyril Monnet, Review of Financial Studies, 30, 2017, pp. 4317–4348. Oxford (Working Paper version)

“On the Nature of Self-Assessed Prices,” with Morris Davis, Real Estate Economics, 45, 2017, pp. 628-649. Wiley (Working Paper version)

“Limited Disclosure and Hidden Trades in Asset Markets,” with Cyril Monnet, Journal of Financial Economics, 123, 2017, pp. 602-616. Science Direct (Working Paper version, Matlab script for numerical example)

“Leverage and the Foreclosure Crisis,” with Dean Corbae, Journal of Political Economy, 123, 2015, pp. 1-65. UChicago press (Working Paper version, Replication Archive)

“Efficient Contract Enforcement,” with Cyril Monnet and Thorsten Koeppl, Economic Theory, 55, 2014, pp. 161-183. Springer Link (Working Paper version)

“On Existence in Equilibrium Models with Endogenous Default,” Journal of Mathematical Economics, 49, 2013, pp. 418–421. Science Direct (Working Paper version)

“More Punishment, Less Default?,” Annals of Finance, 8(4), 2012, pp. 427-454. Springer Link (Working Paper version)

“Financial Crises and Labor Market Turbulence,” with Sangeeta Pratap, Journal of Monetary Economics 58, 2011, pp. 601-615. Science Direct (Working Paper version, Computational and data appendix, Trade balance without interest shocks)

“Limited Enforcement, Financial Intermediation and Economic Development: A Quantitative Assessment,” with Pedro Amaral, International Economic Review, 51, 2010, pp. 785–811. Wiley (C code for computing the equilibria reported in the paper)

“Contract Enforcement and the Size of the Informal Economy,” Economic Theory 37, 2008, pp. 395–416. Springer link

“Limited Enforcement and the Organization of Production,” Journal of Macroeconomics 30, 2008, pp. 1222–45. Science Direct

“Factor Utilization and the Real Impact of Financial Crises,” with Felipe Meza, Advances in Macroeconomics, Berkeley Journals, 7(1), 2007, Article 33. (computational appendix) Paper at BE press

“Why Do Financial Systems Differ? History Matters,” with Cyril Monnet, Journal of Monetary Economics 54 (4), May 2007, 1002-17. Science Direct

“A Competitive Model of the Informal Sector,” with Pedro Amaral, Journal of Monetary Economics 53 (7), October 2006, 1541–53. (technical appendix) Science Direct

“Are Labor Markets Segmented in Developing Countries? A Semiparametric Approach,” with Sangeeta Pratap, European Economic Review, 50(7), October 2006, 1817–41. (Results for employees with one occupation) Science Direct

“Optimal Contracts in a Dynamic Costly State Verification Model,” with Cyril Monnet, Economic Theory, 26 (4), November 2005, 867-85. Springer link

“Growing Old Together: Firm Survival and Employee Turnover,” with John J. Stevens, Topics in Macroeconomic, Berkeley Journals, 5 (1), 2005, Article 21. Paper at BE press