The most exciting phrase to hear in science, the one that heralds new discoveries, is not “Eureka” but “That’s funny...”
—Isaac Asimov (1920–1992)

Business Complexity and Risk Management: Evidence from Operational Risk Events in U.S. Bank Holding Companies (with Anna Chernobai and Jianlin Wang) - Journal of Monetary Economics, January 2021

Show Me the Money: The Monetary Policy Risk Premium (with Mihail Velikov)  - Journal of Financial Economics, February 2020

Financial Frictions and the Stock Price Reaction to Monetary Policy  - Review of Financial Studies, October 2018

The Transmission of Monetary Policy through Bank Lending: The Floating Rate Channel (with Filippo Ippolito and Ander Perez) - Journal of Monetary Economics, May 2018
VOXEU article on this paper
(This paper is updated version of the paper "
Is Bank Debt Special for the Transmission of Monetary Policy? Evidence from the Stock Market" presented at the NBER Corporate Finance Summer Institute and Monetary Economics Summer Institute.)

Financial Leverage, Corporate Investment and Stock Returns - Review of Financial Studies, April 2012
(SSRN holds the November 2010 version. A previous version of this paper also appeared in Federal Reserve Bank of Boston Working Paper series.)

Working Papers

Household Inflation Expectations and Consumer Spending: Evidence from Panel Data (with Mary Burke, updated December 2020) - conditionally accepted (minor revisions), Review of Economics and Statistics

Interest Rates and Insurance Company Investment Behavior (with Kevin Wang) - (AFA 2019 version) - R&R Review of Financial Studies