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Publications


Financial Innovation, Macroeconomic Stability and Systemic Crises” (2008) (joint with P. Gai, S. Kapadia and S. Millard) Economic Journal, vol. 118, issue 527, pages 401-426


Working Papers


"Credit Lines as Monitored Liquidity Insurance: Theory and Evidence”, March 2012, with Viral Acharya, Heitor Almeida and Filippo Ippolito

"Aggregate Implications of Financial and Labor Market Frictions", February 2012, with Andrea Caggese

Credit Constraints, Firms' Precautionary Investment, and the Business Cycle”, Sep 2010, UPF Working Paper #1237

"Aggregate Liquidity, Financial Constraints and Investment", October 2010


Work in Progress


"Corporate Liquidity", March 2012, with Filippo Ippolito. Winner of the 2012 Paul Van Arsdell Award for best paper in Corporate Finance. (New version coming soon)

“Endogenous Market Incompleteness, Entrepreneurial Risk and the Business Cycle”, September 2007. FMG Gilbert de Botton Award in Finance Research – 1st Runner-up


Other Publications


Comment on "Optimal Monetary Policy in an Estimated DSGE Model with Financial Frictions", by P. Gelain, D. Rodriguez-Palenzuela and B. Vilagi, Moneda y Crédito, Moneda y Crédito 232 (2011), pp. 333-337.