Reffereed Publications
Forthcoming | 2012 | 2011 | 2010 | 2009 | 2008 and before
Forthcoming and Working Papers
- What Explains High Unemployment? The Aggregate Demand Channel, working paper (with Atif Mian)
- Household Balance Sheets, Consumption, and the Economic Slump, working paper (with Atif Mian and Kamelesh Rao)
- Foreclosures, House Prices, and the Real Economy, working paper (with Atif Mian and Francesco Trebbi)
- Dynamic Risk Management, working paper (with Adriano Rampini and S. Viswanathan)
- Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crisis, working paper (with Atif Mian and Francesco Trebbi)
- The Political Economy of the Subprime Mortgage Credit Expansion, working paper (with Atif Mian and Francesco Trebbi)
2012
- The Effects of Fiscal Stimulus: Evidence from the 2009 'Cash for Clunkers' Program (with Atif Mian), Quarterly Journal of Economics, August 2012, 1107 - 1142.
- Explaining Corporate Capital Structure: Product Markets, Leases, and Asset Similarity, (with Joshua Rauh), Review of Finance, 2012, 16: 115-155
- Creditor Control Rights, Corporate Governance, and Firm Value, (with Greg Nini and David Smith), Review of Financial Studies, 2012, 25: 1713-1761
2011
- House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis (with Atif Mian), American Economic Review, August 2011, 101: 2132-2156
2010
- Capital Structure and Debt Structure (with Joshua Rauh), Review of Financial Studies, December 2010, 23 (12), 4242-4280
- The Political Economy of the U.S. Mortgage Default Crisis (with Atif Mian and Francesco Trebbi), American Economic Review, December 2010, 100: 67-98
- Household Leverage and the Recession of 2007 to 2009 (with Atif Mian), IMF Economic Review, August 2010, 58(1), 74-117
2009
- The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis (with Atif Mian), Quarterly Journal of Economics, November 2009, 124(4), 1449-1496
- Renegotiation of Financial Contracts: Evidence from Private Credit Agreements (with Michael Roberts), Journal of Financial Economics, August 2009, 93(2), 159-184 [WP version]
- Control Rights and Capital Structure: An Empirical Investigation, (with Michael Roberts), Journal of Finance, August 2009, 64(4), 1657-1695
- Creditor Control Rights and Firm Investment Policy (with Greg Nini and David Smith), Journal of Financial Economics, June 2009, 92(3), 400-420 [WP version]
- The Real Effects of Debt Certification: Evidence from the Introduction of Bank Loan Ratings, Review of Financial Studies, April 2009, 22(4), 1659-1691 [WP version]
- Bank Lines of Credit in Corporate Finance: An Empirical Analysis, Review of Financial Studies, March 2009, 22(3), 1057-1088 [WP version]
2008 and before
- Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans, Journal of Finance April 2007, 62(2), 629-668
- The Role of Banks in Corporate Finance, Ph.D. Dissertation, Massachussets Institute of Technology, 2005.
Surveys, Conference Proceedings, Shorter Pieces, and Discussions
2010 | 2009 | 2008 | 2007 | 2006 and before
2010
- Discussion of Duchin, Ozbas, and Sensoy's "Costly External Finance, Corporate Investment, and the Subprime Mortgage Credit Crisis", AFA 2010 [I argue that corporate investment is not the key to understanding Recession of 2007 to 2009].
- The Great Recession: Lessons from Microeconomic Data (with Atif Mian), American Economic Review Papers and Proceedings, May 2010 [If you want a short overview of our research on the macroeconomic implications of the mortgage/housing crisis, this is it.]
- Discussion of Barlevy and Fisher's "Mortgage Choices and Housing Speculation," NBER EFG, Spring 2010 [I argue that subprime is in fact strongly correlated with MSA house price growth].
- Household Debt and the Weak U.S. Economic Recovery (with Atif Mian), Federal Reserve Bank of San Francisco Economic Letter, January 2010 (Data Appendix)
2009
- Financial Contracting: A Survey of Empirical Research and Future Directions (with Michael Roberts), inaugural edition of Annual Review of Financial Economics, 2009, published by Annual Reviews, Palo Alto, CA, pp. 207-226
- The Political Economy of the U.S. Mortgage Default Crisis: A Synopsis, FRB of Chicago Bank Structure Conference Proceedings, May 2009, 125-130
2008
- Summary of “The Consequences of Mortgage Credit Expansion, (with Atif Mian), FRB of Chicago Bank Structure Conference Proceedings, May 2008, 129-132
2007
- The Effect of Creditor Control Rights on Firm Investment Policy: Evidence from Private Credit Agreements (with Greg Nini and David Smith) FRB of Chicago Bank Structure Conference Proceedings, May 2007, 117-122
2006 and before
- Dynamic Inefficiencies in Insurance Markets: Evidence from Long-Term Care Insurance (with Amy Finkelstein and Kathleen McGarry), American Economic Review Papers and Proceedings, May 2005, 95: 224-228
- Expansion of Bank Powers: Who Gains the Most? (with Philip Strahan), FRB of Chicago Bank Structure Conference Proceedings, May 2001, 682-698
- The Changing Landscape of the Financial Services Industry: What Lies Ahead? (with Cara Lown, C.S. Osler, and Philip Strahan), Federal Reserve Bank of New York Economic Policy Review, October 2000, 39-55
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