Working papers

 

Marketmaking with search and information frictions

(with Ali Shourideh, Venky Venkateswaran, and Ariel Zetlin-Jones)

Heterogeneity in Decentralized Asset Markets

(with Julien Hugonnier and Pierre-Olivier Weill)

Corporate Bond Liquidity During the Covid-19 Crisis

(with Mahyar Kargar, David Lindsay, Shuo Liu, Pierre-Olivier Weill, and Diego Zuniga)

Revise and Resubmit, Review of Financial Studies 

For a brief summary, click here

Inventory, Market Making, and Liquidity (

(with Mahyar Kargar and Pierre-Olivier Weill)

Job Referrals and Hiring Frictions (

(with David Rivers and Giorgio Topa)

Signals, Interviews, and Discrimination in the Labor Market

(with Piero Gottardi and Ronald Wolthoff)

Published papers

 

frictional Intermediation in Over-the-Counter Markets (online appendix)

(with Julien Hugonnier and Pierre-Olivier Weill)

Review of Economic Studies, 2020, 87, 1432-1469.

A Model of the Fed Funds Market: Yesterday, Today, and Tomorrow

(with Gara Afonso and Roc Armenter)

Review of Economic Dynamics, 2019, 33, 133--204.

Screening and Adverse Selection in Frictional Markets  (online appendix)

(with Ali Shourideh, Venky Venkateswaran, and Ariel Zetlin-Jones)

Journal of Political Economy, 2019, 1, 338--377.

Excess Reserves and Monetary Policy Implementation

(with Roc Armenter)

Review of Economic Dynamics, 2017, 23, 212--235.

Competing with Asking Prices

(with Ludo Visschers and Ronald Wolthoff)

Theoretical Economics, 2017, 12, 731--770.

Information Spillovers, Gains from Trade, and Interventions in Frozen Markets

(with Braz Camargo and Teddy Kim)

Review of Financial Studies, 2016, 29, 1291--1329.

Competing for Order Flow in OTC Markets

(with Guillaume Rocheteau and Pierre-Olivier Weill)

Journal of Money, Credit, and Banking, 2015, 47, 77--126.

Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets  (online appendix)

(with Ludo Visschers and Ronald Wolthoff)

Journal of Economic Theory, 2015, 155, 1--15.

Trading Dynamics in Decentralized Markets with Adverse Selection

(with Braz Camargo)

Journal of Economic Theory, 2014, 153, 534--568.

Information Acquisition and the Exclusion of Evidence in Trials

(with Nicola Persico and Ludo Visschers)

Journal of Law, Economics, and Organiziation 2012, 28, 163--182.

Information, Liquidity, Asset Prices, and Monetary Policy

(with Andrew Postlewaite and Randall Wright)

Review of Economic Studies, 2012, 79, 1208--1238.

Information and Liquidity

(with Andrew Postlewaite and Randall Wright)

Journal of Money, Credit, and Banking, 2012, 43, 355--377.

Information and Prices with Capacity Constraints

American Economic Review, 2011, 101, 1591--1600.

Directed Search with Multi-Vacany Firms

Journal of Economic Theory 2010, 145, 2108--2132.

Settlement Systems

B.E. Journal of Macroeconomics (Contributions), 2009, 9, article 17.

 

Policy Papers