Associate Professor (without tenure)
Department of Economics
Columbia University
1131 International Affairs Building, NY 10027
mg3901@columbia.edu     CV
Research statement

---

Working Papers

• Inelastic Capital in Intangible Economies (2025)
  with E. Gouin-Bonenfant
• Counterfactual Wealth Distributions (2024)
• Trade Protection, Stock-Market Returns, and Welfare (2024)
  with M. Amiti, S.H. Kong, and D. Weinstein
  NY Fed blog posts: 12/4/24 and 12/5/24

---

Publications

• Asset-Price Redistribution
  with A. Fagereng, E. Gouin-Bonenfant, M. Holm, B. Moll, and G. Natvik
  
  Replication package
  Journal of Political Economy (Forthcoming)
  NASDAQ Award For the Best Paper on Asset Pricing (WFA 2024)
  
• Wealth Inequality and Asset Prices
  
  Journal version | Replication package
  Review of Economic Studies (Forthcoming)
  
• Macro Perspectives on Income Inequality
  
  Journal version | Replication package
  Journal of Economic Perspectives (2025)
  
  AEA Research Highlights Podcast Episode
• Wealth Inequality in a Low Rate Environment
  with E. Gouin-Bonenfant
  
  Journal version | Supplemental Appendix | Replication package
  Econometrica (2024)
  
• Sorting Out the Effect of Credit Supply
  with B. Chang and H. Hong
  
  Journal version | Replication package
  Journal of Financial Economics (2023)
  
• Decomposing the Growth of Top Wealth Shares
  
  Journal version | Replication package | Stata command
  Econometrica (2023)
  
• Bank Exposure to Interest-Rate Risk and the Transmission of Monetary Policy
  with A. Landier, D. Sraer, and D. Thesmar
  
  Journal version
  Journal of Monetary Economics (2021)