Foreign Safe Asset Demand and the Dollar Exchange Rate
With Zhengyang Jiang, Arvind Krishnamurthy (2021), Journal of Finance (accepted). [Link]
Firm Volatility in Granular Networks
With Bernard Herksovic, Bryan Kelly, and Stijn Van Nieuwerburgh (2020), Journal of Political Economy (accepted).
Why are Exchange Rates so Smooth? A Household Finance Explanation
With YiLi Chien and Kanda Naknoi, 2019, Journal of Monetary Economics (accepted), [PDF] [Link]
Capital Share Dynamics when Firms Insure Workers
With Barney Hartman-Glaeser and Mindy Z. Xialan (2019), Journal of Finance (accepted). [Link] [slides] [appendix]
Does Incomplete Spanning Help to Explain Exchange Rates?
with Adrien Verdelhan (2019), American Economic Review. [Link] [slides]
Gravity in the Exchange Rate Factor Structure
With Robert Richmond (2019), Review of Financial Studies (accepted), [Link]
The Term Structure of Currency Carry Trade Risk Premia
With Adrien Verdelhan and Andreas Stathopoulos, (2019), American Economic Review (accepted), [Link ] [online appendix] [slides]
Equity is Cheap for Large Financial Institutions: The International Evidence
With Priyank Gandhi and Alberto Plazzi (2019), Review of Financial Studies (accepted), [Link]
Deflation Risk
with Matthias Fleckenstein and Francis Longstaff, Review of Financial Studies. [Link]
The Cross-section and Time-series of Stock and Bond Returns
With Ralph Koijen and Stijn VanNieuwerburgh (2017), Journal of Monetary Economics. [Link]