Current Appointments & Affiliations
Associate Professor of Economics
·
2023 - Present
Economics,
Trinity College of Arts & Sciences
Recent Publications
Capital and labor taxes with costly state contingency
Journal Article Review of Economic Dynamics · December 1, 2023 We analyze optimal capital and labor taxes in a model where (i) the government makes noncontingent announcements about future policies and (ii) state-contingent deviations from these announcements are costly. With Full Commitment, optimal announcements coi ... Full text CiteDYNAMICS OF EXPENDITURES ON DURABLE GOODS: THE ROLE OF NEW-PRODUCT QUALITY∗
Journal Article Economic Journal · May 1, 2023 We study the role of new-product quality for the dynamics of durable-good expenditures around the Great Recession. We assemble a rich dataset on US new-car markets during 2004–12, combining data on transaction prices with detailed information about vehicle ... Full text Open Access CiteConstrained-Efficient Capital Reallocation
Journal Article American Economic Review · February 1, 2023 We characterize efficiency in an equilibrium model of investment and capital reallocation with heterogeneous firms facing collateral constraints. The model features two types of pecuniary externalities: collateral externalities, because the resale price of ... Full text CiteRecent Grants
Credit Shocks and Equilibrium Dynamics in Consumer Durable Goods Markets
ResearchPrincipal Investigator · Awarded by National Science Foundation · 2018 - 2022Capital Specificity, the Distribution of Marginal Products, and Aggregate Productivity
ResearchPrincipal Investigator · Awarded by CAF Development Bank of Latin America · 2016 - 2017View All Grants