Unpublished Papers
[7] Should We Tax Capital Income or Wealth? April 2022. (with Corina Boar).
[6] Markups and Inequality. March 2022. (with Corina Boar). Appendix. 2019 Version.
[5] How Important Are Investment Indivisibilities for Development? Experimental Evidence from Uganda. February 2022.
(with Joe Kaboski, Molly Lipscomb and Carolyn Pelnik).
[4] Why Are Returns to Private Business Wealth So Dispersed? December 2021. (with Corina Boar and Denis Gorea).
[3] How Costly Are Markups? May 2021. (with Chris Edmond and Daniel Xu). Revise & Resubmit, Journal of Political Economy
[2] Accounting for Plant-Level Misallocation. 2009. (with Daniel Xu)
[1] Sticky Prices and Real Exchange Rates in the Cross-Section. 2008. (with Patrick Kehoe)
Publications
[22] Efficient Redistribution. April 2022. (with Corina Boar). Forthcoming, Journal of Monetary Economics
[21] Household Leverage and the Recession. September 2021. (with Callum Jones and Thomas Philippon). Appendix. Forthcoming,
Econometrica
[20] Liquidity Constraints in the U.S. Housing Market. December 2020. (with Corina Boar and Denis Gorea). Appendix. Forthcoming,
Review of Economic Studies
[19] Asset Prices and Unemployment Fluctuations. December 2020. (with Patrick Kehoe, Pierlauro Lopez and Elena Pastorino). Appendix. Forthcoming,
Review of Economic Studies
[18] On the Importance of Household vs. Firm Credit Frictions in the Great Recession. 2020. (with Patrick Kehoe, Pierlauro Lopez and Elena Pastorino).
Review of Economic Dynamics
[17] Debt Constraints and Employment. 2019. (with Patrick Kehoe and Elena Pastorino). Appendix
Journal of Political Economy
[16] Evolution of Modern Business Cycle Models: Accounting for the Great Recession. 2018. (with Patrick Kehoe and Elena Pastorino)
Journal of Economic Perspectives
[15] Debt Constraints and the Labor Wedge. 2016. (with Patrick Kehoe and Elena Pastorino)
American Economic Review P&P
[14] Competition, Markups and the Gains from International Trade. 2015. (with Chris Edmond and Daniel Xu). Appendix
American Economic Review
[13] Prices Are Sticky After All. 2014. (with Patrick Kehoe). Appendix
Journal of Monetary Economics
[12] Microeconomic Uncertainty, International Trade, and Aggregate Fluctuations. 2015. (with George Alessandria, Horag Choi and Joseph Kaboski).
Journal of Monetary Economics (Carnegie Rochester Series on Public Policy)
[11] The Aggregate Impact of Household Saving and Borrowing Constraints: Designing a Field Experiment in Uganda. 2014.
(with Joe Kaboski and Molly Lipscomb). Appendix.
American Economic Review P&P
[10] Finance and Misallocation: Evidence from Plant-Level Data. 2013. (with Daniel Xu). Appendix
American Economic Review
[9] Trade Wedges, Inventories, and International Business Cycles. 2012. (with George Alessandria and Joe Kaboski)
Journal of Monetary Economics (Carnegie Rochester Series on Public Policy)
[8] Inventories, Markups and Real Rigidities in Menu Cost Models. 2012. (with Oleksiy Kryvtsov). Appendix.
Review of Economic Studies
[7] US Trade and Inventory Dynamics. 2011. (with George Alessandria and Joe Kaboski).
American Economic Review P&P
[6] Menu Costs, Multi-Product Firms and Aggregate Fluctuations. 2010.
Econometrica
[5] Inventories, Lumpy Trade and Large Devaluations. 2010. (with George Alessandria and Joe Kaboski)
American Economic Review
[4] Is Firm Pricing State or Time Dependent? Evidence from US Manufacturing. 2010.
Review of Economics and Statistics
[3] The Great Trade Collapse of 2008-2009: An Inventory Adjustment? 2010. (with George Alessandria and Joe Kaboski)
IMF Economic Review
[2] Inventories, Markups and Real Rigidities in New Keynesian Business Cycle Models. 2010. (with Oleksiy Kryvtsov)
Journal of Japanese and International Economies
[1] International Price Dispersion in State-Dependent Pricing Models. 2007.
Journal of Monetary Economics
[7] Should We Tax Capital Income or Wealth? April 2022. (with Corina Boar).
[6] Markups and Inequality. March 2022. (with Corina Boar). Appendix. 2019 Version.
[5] How Important Are Investment Indivisibilities for Development? Experimental Evidence from Uganda. February 2022.
(with Joe Kaboski, Molly Lipscomb and Carolyn Pelnik).
[4] Why Are Returns to Private Business Wealth So Dispersed? December 2021. (with Corina Boar and Denis Gorea).
[3] How Costly Are Markups? May 2021. (with Chris Edmond and Daniel Xu). Revise & Resubmit, Journal of Political Economy
[2] Accounting for Plant-Level Misallocation. 2009. (with Daniel Xu)
[1] Sticky Prices and Real Exchange Rates in the Cross-Section. 2008. (with Patrick Kehoe)
Publications
[22] Efficient Redistribution. April 2022. (with Corina Boar). Forthcoming, Journal of Monetary Economics
[21] Household Leverage and the Recession. September 2021. (with Callum Jones and Thomas Philippon). Appendix. Forthcoming,
Econometrica
[20] Liquidity Constraints in the U.S. Housing Market. December 2020. (with Corina Boar and Denis Gorea). Appendix. Forthcoming,
Review of Economic Studies
[19] Asset Prices and Unemployment Fluctuations. December 2020. (with Patrick Kehoe, Pierlauro Lopez and Elena Pastorino). Appendix. Forthcoming,
Review of Economic Studies
[18] On the Importance of Household vs. Firm Credit Frictions in the Great Recession. 2020. (with Patrick Kehoe, Pierlauro Lopez and Elena Pastorino).
Review of Economic Dynamics
[17] Debt Constraints and Employment. 2019. (with Patrick Kehoe and Elena Pastorino). Appendix
Journal of Political Economy
[16] Evolution of Modern Business Cycle Models: Accounting for the Great Recession. 2018. (with Patrick Kehoe and Elena Pastorino)
Journal of Economic Perspectives
[15] Debt Constraints and the Labor Wedge. 2016. (with Patrick Kehoe and Elena Pastorino)
American Economic Review P&P
[14] Competition, Markups and the Gains from International Trade. 2015. (with Chris Edmond and Daniel Xu). Appendix
American Economic Review
[13] Prices Are Sticky After All. 2014. (with Patrick Kehoe). Appendix
Journal of Monetary Economics
[12] Microeconomic Uncertainty, International Trade, and Aggregate Fluctuations. 2015. (with George Alessandria, Horag Choi and Joseph Kaboski).
Journal of Monetary Economics (Carnegie Rochester Series on Public Policy)
[11] The Aggregate Impact of Household Saving and Borrowing Constraints: Designing a Field Experiment in Uganda. 2014.
(with Joe Kaboski and Molly Lipscomb). Appendix.
American Economic Review P&P
[10] Finance and Misallocation: Evidence from Plant-Level Data. 2013. (with Daniel Xu). Appendix
American Economic Review
[9] Trade Wedges, Inventories, and International Business Cycles. 2012. (with George Alessandria and Joe Kaboski)
Journal of Monetary Economics (Carnegie Rochester Series on Public Policy)
[8] Inventories, Markups and Real Rigidities in Menu Cost Models. 2012. (with Oleksiy Kryvtsov). Appendix.
Review of Economic Studies
[7] US Trade and Inventory Dynamics. 2011. (with George Alessandria and Joe Kaboski).
American Economic Review P&P
[6] Menu Costs, Multi-Product Firms and Aggregate Fluctuations. 2010.
Econometrica
[5] Inventories, Lumpy Trade and Large Devaluations. 2010. (with George Alessandria and Joe Kaboski)
American Economic Review
[4] Is Firm Pricing State or Time Dependent? Evidence from US Manufacturing. 2010.
Review of Economics and Statistics
[3] The Great Trade Collapse of 2008-2009: An Inventory Adjustment? 2010. (with George Alessandria and Joe Kaboski)
IMF Economic Review
[2] Inventories, Markups and Real Rigidities in New Keynesian Business Cycle Models. 2010. (with Oleksiy Kryvtsov)
Journal of Japanese and International Economies
[1] International Price Dispersion in State-Dependent Pricing Models. 2007.
Journal of Monetary Economics