Working
papers
Who Needs Banks?
with Sabrina Ben Saοd and Cyril Monnet. [Python
notebook] [Slides
for SWIB]
Asset Quality Dynamics,
with Dean Corbae. [Slides]
A Model of Financial Rents,
with Sangeeta Pratap and
Cyril Monnet. [Slides]
A Back-up Quarterback View of
Mezzanine Finance, with Antonio Mello. [Online
appendix] [Slides]
Constructing Exchange
Economies with Many Equilibria, with Pascal Gauthier and Tim Kehoe.
[Code for
restart procedure]
Optimal Exclusion,
with Cyril Monnet. [Slides] [Code
for non stationary case]
Cash-Flow Tranching and the Macroeconomy,
with Pedro Amaral and Dean Corbae.
[Slides]
On the Essentiality of
Succession Plans, with Antonio Mello.
Limited Disclosure And Hidden Orders In Asset Markets, with Cyril
Monnet. [Slides] (Previously circulated as
A Theory of Blind Trading)
Rational Opacity,
with Cyril Monnet. [Slides]
Default When Current House
Prices are Uncertain, with Morris Davis.
The Rise of Securitization: A
Recursive Security Design Approach, with Dean Corbae. [Slides]
On Existence in Equilibrium
Models with Endogenous Default
Income Redistribution and Technology
Diffusion," with Jim Dolmas and Cyril Monnet.
Leverage and the Foreclosure
Crisis, with Dean Corbae. (Previously circulated under Mortgage
Innovation and the Foreclosure Boom.)
Efficient Contract
Enforcement, with Thorsten Koeppl and Cyril Monnet.
Raising the Bar for Models of
Turnover, with John J. Stevens, Federal Reserve Board, unpublished
manuscript, 2005.
Financial Crises and Labor
Market Turbulence, with Sangeeta Pratap.