Working
papers
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Turnover, with John J. Stevens, Federal Reserve Board, unpublished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.