Forthcoming Publications

"Rural-Urban Migration and House Prices in China"
with Aaron Hedlund,  Yang Tang, and Ping Wang
Regional Science and Urban Economics

"MoNK: Mortgages in a New-Keynesian Model"
with  Finn E. Kydland and  Roman Šustek
Journal of Economic Dynamics and Control

Journal Publications

"Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession"
with Aaron Hedlund
American Economic Review, June 2020, Vol. 110, No. 6, pp. 1603-34
Working Paper
https://doi.org/DOI: 10.1257/aer.20170772

"Crises in the Housing Market: Causes, Consequences, and Policy Lessons"
with Aaron Hedlund
Oxford Research Encyclopedia, Economics and Finance, August 2019
Working Paper
https://doi.org/10.1093/acrefore/9780190625979.013.159

"Optimal fiscal policy in overlapping generations models"
Public Finance Review, 2017
Working Paper
https://doi.org/10.1177/1091142117735601

"Mortgages and Monetary Policy"
with  Finn E. Kydland and  Roman Šustek
Review of Financial Studies, October 2017, Vol. 30, pp. 3337-3375
Working Paper
https://doi.org/10.1093/rfs/hhx043

"Intergenerational Policy and the Measurement of Tax Incidence"
with  Juan Carlos Conesa
European Economic Review, April 2016, Vol. 83, pp. 1-18
Working Paper
https://doi.org/10.1016/j.euroecorev.2015.10.009

"A Model of Price Swings in the Housing Market"
with Rodolfo E. Manuelli and  Adrian Peralta-Alva
American Economic Review, June 2019
Working Paper
Online Appendix
https://doi.org/10.1257/aer.20140193

"Housing Policy and the Progressivity of Income Taxation"
with  Matthew S. Chambers and  Don Schlagenhauf
ICFAI Journal of Monetary Economics, November 2009, Vol. 56, No. 8, pp. 1116-34
Working Paper
https://doi.org/10.1016/j.jmoneco.2009.10.007

"Indirect Taxation and the Welfare Effects of Altruism on the Optimal Fiscal Policy"
with  Fernando Sánchez-Losada
Economic Modelling, November 2009, Vol. 26, No. 6, pp. 1365-74
Working Paper
https://doi.org/10.1016/j.econmod.2009.07.001

"Accounting for Changes in the Homeownership Rate"
with  Matthew S. Chambers and  Don Schlagenhauf
International Economic Review, August 2009, Vol. 50, No. 3, pp. 677-726
Working Paper
https://doi.org/10.1111/j.1468-2354.2009.00544.x

"Estate Taxation with Warm-Glow Altruism"
with  Fernando Sánchez-Losada
Portuguese Economic Journal, August 2009, Vol. 8, No. 2, pp. 99-118
Working Paper
https://doi.org/10.1007/s10258-009-0040-1

"The loan structure and housing tenure decisions in an equilibrium model of mortgage choice"
with  Matthew S. Chambers and  Don Schlagenhauf
Review of Economic Dynamics, July 2009, Vol. 12, No. 3, pp. 444-468
Working Paper
https://doi.org/10.1016/j.red.2009.01.003

"The Loan Structure And Housing Tenure Decisions In An Equilibrium Model Of Mortgage Choice"
with  Matthew S. Chambers and  Don Schlagenhauf
Review of Economic Dynamics, July 2009, Vol. 12, No. 3, pp. 444-468
Working Paper
https://doi.org/10.1016/j.red.2009.01.003

"Equilibrium Mortgage Choice and Housing Tenure Decisions With Refinancing"
with  Matthew S. Chambers and  Don Schlagenhauf
Review of Economic Dynamics, July 2009, Vol. 12, No. 3, pp. 444-468
Working Paper
https://doi.org/10.1016/j.red.2009.01.003

"Optimal Fiscal Policy in the Design of Social Security Reforms"
with  Juan Carlos Conesa
International Economic Review, February 2008, Vol. 49, No. 1, pp. 291-318
Working Paper
https://doi.org/10.1111/j.1468-2354.2008.00480.x

"Optimal Taxation with Imperfect Competition and Aggregate Returns to Specialization"
with  Javier Coto-Martínez and  Fernando Sánchez-Losada
Journal of the European Economic Association, December 2007, Vol. 5, No. 6, pp. 1269-1299
Working Paper
https://doi.org/10.1162/jeea.2007.5.6.1269

"Overconsumption,Reference Groups, and Equilibrium Efficiency"
Economics Letters, June 2006, Vol. 91, No. 3, pp. 420-424

"Status Quo Problem in Social Security Reforms"
with  Juan Carlos Conesa
Macroeconomic Dynamics, November 2003, Vol. 7, No. 5, pp. 691-710