Journal Publications

"The macroeconomics of microfinance"
with  Joseph P. Kaboski and Yongseok Shin
Review of Economic Studies, January 2021

"Liquidity Traps and Monetary Policy: Managing a Credit Crunch"
with  Juan Pablo Nicolini
American Economic Journal-Macroeconomics, July 2020, Vol. 12, No. 3, pp. 110-38

"Liquidity Traps and Monetary Policy: Managing a Credit Crunch"
with  Ezra Oberfield
Econometrica, January 2020, Vol. 88, No. 1, pp. 83-114

"The Rise of Services: The Role of Skills, Scale, and Female Labor Supply"
with  Joseph P. Kaboski and  Min Qiang Zhao
Journal of Human Capital, Summer 2019, Vol. 13, No. 2, pp. 157-87

"dea Flows and Economic Growth"
with  Robert E. Lucas, Jr.
Annual Review of Economics, August 2018, Vol. 10, No. 1, pp. 314-45

"Productivity growth and capital flows: The dynamics of reforms"
with Yongseok Shin
American Economic Journal-Macroeconomics, July 2017, pp. 147-85

"Entrepreneurship and financial frictions: A macro-development perspective"
with  Joseph P. Kaboski and Yongseok Shin
Annual Review of Economics, August 2015, pp. 409-36

"Aggregate Implications of a Credit Crunch: The Importance of Heterogeneity"
with  Benjamin Moll
American Economic Journal-Macroeconomics, July 2015, Vol. 7, No. 3, pp. 1-42

"Anatomy of a credit crunch: From capital to labor markets"
with  Roberto Fattal-Jaef and Yongseok Shin
Review of Economic Dynamics, Jan 2015, Vol. 18, No. 1, pp. 101-117

"Macro-perspective on asset grants programs: Occupational and wealth mobility"
with  Joseph P. Kaboski and Yongseok Shin
American Economic Review: Papers and Proceedings, May 2014, pp. 159-64

"Financial Frictions and the Persistence of History: A Quantitative Exploration"
with Yongseok Shin
Journal of Political Economy, Apr 2013, Vol. 121, No. 2, pp. 221-272

"Well-Intended Policies"
with  Benjamin Moll and Yongseok Shin
Review of Economic Dynamics, Jan 2013, Vol. 16, No. 1, pp. 216-230

"The Rise of the Service Economy"
with  Joseph P. Kaboski
American Economic Review, October 2012, Vol. 102, No. 6, pp. 2540-69

"Scale and the Origins of Structural Chang"
with  Joseph P. Kaboski
Journal of Economic Theory, March 2012, Vol. 147, No. 2, pp. 684-712

"Finance and Development: A Tale of Two Sectors"
with  Joseph P. Kaboski and Yongseok Shin
American Economic Review, Aug 2011, Vol. 101, No. 5, pp. 1964-2002

"Self-insurance vs. Self-financing: A Welfare Analysis of the Persistence of Shocks"
with Yongseok Shin
Journal of Economic Theory, Vol. 146, No. 3, pp. 845-62

"Learning the Wealth of Nations"
with Alexander Monge-Naranjo and  Giorgio Primiceri
Econometrica, 2011, Vol. 79, No. 1, pp. 1-45
https://doi.org/10.3982/ecta8299

"Can Traditional Theories of Structural Change Fit the Data?"
with  Joseph P. Kaboski
Journal of the European Economic Association, April 2009, Vol. 7, No. 2-3, pp. 469-477

"A Dynamic Model of Entrepreneurship with Borrowing Constraints"
Annals of Finance, 2009, Vol. 5, No. 3-4, pp. 443-64

"Optimal Maturity of Government Debt with Incomplete Market"
with  Juan Pablo Nicolini
Journal of Monetary Economics, April 2004, Vol. 51, No. 3, pp. 531-54