Unpublished Papers

[6] Why Are Returns to Private Business Wealth So Dispersed? December 2021. (with Corina Boar and Denis Gorea).  

[5] Markups and Inequality. November 2021. (with Corina Boar).  Appendix. 2019 Version.  

[4] Efficient Redistribution. November 2021. (with Corina Boar).  

[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

[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