13) “Credit Stimulus, Executive Ownership and Firm Leverage”, with Sandeep Dahiya, Lei Ge and Rajdeep Chakraborti, 5/2021. Management Science. Forthcoming. Best International Finance Paper at the Eastern Finance Association Annual Meetings 2018 . Non-technical: Fueling the Appetite to Borrow.


12) “Mortgage Securitization and Shadow Bank Lending”, with Michael Reher. The Review of Financial Studies. Forthcoming

Featured in Inside Mortgage Finance (March 3rd, 2017), The Institutional Risk Analyst (April 17th, 2017), IMF Global Housing Watch (April 2017), John Cochrane’s Blog (5/9/2017) .


11)  “Expectations and the Housing Boom and Bust. An Open Economy View”, Journal of Housing Economics. September 2020.


10) “A Quantitative Model of International Lending of Last Resort”, with Givi Melkadze, Journal of International Economics. March 2020.


9) “Mortgage Supply and Housing Rents“, with Michael Reher. The Review of Financial Studies. December 2018.


8) “Distributional Implications of Government Guarantees in Mortgage Markets”, with Franco Zecchetto. The Review of Financial Studies. March 2018. Featured in David Wessel’s blog at the Brookings Institution.


7) “Aggregate Volatility and International Dynamics. The Role of Credit Supply”, with Givi Melkadze. Journal of International Economics. January 2018.


6) “Dealing with Overleverage: Restricting Leverage vs. Restricting Variable Compensation”, with Juan Pedro Gomez. Quarterly Journal of Finance. March 2018.


5) “Executive Compensation and Firm Leverage. A Policy Oriented Survey”, with Juan Pedro Gomez. Revista de Estabilidad Financiera, Bank of Spain. June 2017.


4) Two Extensive Margins of Credit and Loan-to-Value Policies, with Michael Reher. Journal of Money, Credit and Banking, October 2016.


3) “What Drives Housing Dynamics in China? A Sign Restriction VAR Approach”, with Tim Bian. Journal of Macroeconomics, December 2015.


2) “Compensation Contracts and Fire Sales”, with Juan Pedro Gomez. Journal of Financial Stability, June 2015.


1) Discussion of “Capital Inflows and the U.S. Housing Boom, Journal of Money, Credit and Banking, March-April 2015.