Publications

Dynamic Oligopoly and Price Stickiness, with Iván Werning

American Economic Review, 112(8), August 2022

Let the Worst One Fail: A Credible Solution to the Too-Big-To-Fail Conundrum, with Thomas Philippon

Quarterly Journal of Economics, 138(2), May 2023

Yuki Arai Research Prize in Finance 2022

Working papers

Banks, Low Interest Rates, and Monetary Policy Transmission 

Last version: February 2022

Journal of Finance, revise and resubmit

European Central Bank Lamfalussy Fellowship 2018, AQR Top Finance Graduate Award 2019

Banking on Uninsured Deposits, with Itamar Drechsler, Alexi Savov and Philipp Schnabl

Last version: April 2023

The Secular Decline in Interest Rates and the Rise of Shadow Banks, with Andrés Sarto 

Last version: May 2023

Zombie Lending and Policy Traps, with Viral V. Acharya and Simone Lenzu 

Last version: December 2022

Yuki Arai Research Prize in Finance 2023

Intermediary-Based Loan Pricing: Price and Non-Price Terms Across Markets, with Pierre Mabille 

Last version: December 2022

Exchange Rate Pass-Through, Capital Flows, and Monetary Autonomy 

Last version: April 2019

Work in progress

Incentives to Decarbonize and Innovate: the Role of Net Zero Commitments, with Viral V. Acharya and Robert Engle 

Video from Volatility and Risk Institute 2022 Conference 

Collusion and Price Stickiness, with Iván Werning

Slides 2022 Bank of Canada Annual Conference