Public Finance
Fiscal Policy and Debt Management with Incomplete Markets (joint with David Evans, Mikhail Golosov and Thomas Sargent) [pdf] Quarterly Journal of Economics
Public Debt in Economies with Heterogeneous Agents (joint with David Evans, Mikhail Golosov and Thomas Sargent) [pdf] Journal of Monetary Economics
Inequality, Business Cycles and Monetary-Fiscal Policy (joint with David Evans, Mikhail Golosov and Thomas Sargent)[pdf] Econometrica
Managing Public Portfolios (joint with Léo Aparisi de Lannoy, David Evans, Mikhail Golosov, and Thomas Sargent)[pdf]. Older version with additional results [pdf] Journal of Political Economy
Efficiency, Insurance, and Redistribution Effects of Government Policies (joint with David Evans, Mikhail Golosov, and Thomas Sargent)[pdf] [code] [slides] [old draft] Revision requested at the Journal of Political Economy
Robust Bounds on Optimal Tax Progressivity (with Jaroslav Borovicka and Yuki Yao) [pdf][slides][ + lecture notes on optimal taxation with and without robustness]
Foreign Tax Advantages after the U.S. Tax Reform of 2017 (joint Ellen McGrattan) [pdf][slides] [slides on Using AI with application to this project]
Entrepreneurship and Firm Dynamics
What Do Survey Data Tell Us about U.S. Businesses? (with Serdar Birinci , Ellen McGrattan and Kurt See) [pdf], online data appendix [pdf] and replication files [code] American Economic Rreview Insights. A Response to Bricker, Moore, and Volz 2022 [pdf]
Sweat Equity in U.S. Private Business (with Ellen McGrattan) [pdf], online appendix [pdf], and replication files [code] Quarterly Journal of Economics
On the Nature of Entrepreneurship (with Ellen McGrattan, Tobey Kass, Thomas May, and Evan Schulz) [pdf][visualize the data here] Journal of Political Economy
Capital Reallocation and Private Firm Dynamics (joint with Paolo Martellini and Ellen McGrattan) [pdf][slides]
Business Income Underreporting and Public Finance (with David Evans, Ellen McGrattan, and Yuki Yao) [pdf] [hhei roundtable slides]
Income Taxes and Entrepreneurship (with David Evans, Ellen McGrattan, and Yuki Yao) [pdf] [slides]
Firm Specialization vs. Diversification (with Sanhitha Jugulum, Laura Veldkamp, and Venky Venkateswaran) [slides]
Financial Economics
Asset Pricing with Endogenously Uninsurable Tail Risks (joint with Hengjie Ai) [paper] Econometrica
Optimal Household Financial Portfolios (with Mikhail Golosov and Judy Yue) [slides]
Risks and Asset Prices in a Monetary Model (with David Evans and Mikhail Golosov) [pdf]
Capital Misallocation and Risk Sharing (joint with Hengjie Ai, Yuchen Chen, and Chao Ying) [pdf]
Methods
A Perturbational Approach for Approximating Heterogeneous-Agent Models (joint with Thomas Bourany, David Evans, and Mikhail Golosov) [pdf] [slides][code]
Approximating Transition Dynamics with Discrete Choice (with David Evans and Ellen McGrattan) [pdf] [code] JPE Macro Special Issue on Economic Dynamics, Uncertainty, and Computation
Practicing Dynare (joint with Francisco Barillas, Saki Bigio, Riccardo Colacito, Sagiri Kitao, Christian Matthes, Thomas Sargent and Yongseok Shin) [pdf]