Journal Publications

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

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

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

"Estimation of Dynamic Models with Nonparametric Simulated Maximum Likelihood"
with  Dennis Kristensen
Journal of Econometrics, Mar 2012, Vol. 167, No. 1, pp. 76-94

"The Impact of Resource Misallocation: The Chinese Example"
SERI Quarterly, Jan 2012, Vol. 5, No. 1

"Finance and Development: A Tale of Two Sectors"
with  Francisco J. Buera and  Joseph P. Kaboski
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  Francisco J. Buera
Journal of Economic Theory, Vol. 146, No. 3, pp. 845-62

"Does Transparency Pay?"
with  Rachel Glennerster
IMF Staff Papers, Vol. 55, No. 1, pp. 183-209

"Managing the Maturity Structure of Government Debt"
Journal of Monetary Economics, Vol. 54, No. 6, pp. 1565-71