Professor of Economics
Columbia University
1131 International Affairs Building

Research statement
CV

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Working Papers

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

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Publications

• Producing Tangible and Intangible Capital
  with E. Gouin-Bonenfant
  AEA Papers and Proceedings (Forthcoming)
  
• Macro Perspectives on Income Inequality
  
  Journal version | Replication package
  Journal of Economic Perspectives (2025)
  
  AEA Research Highlights Podcast Episode
• Asset-Price Redistribution
  with A. Fagereng, E. Gouin-Bonenfant, M. Holm, B. Moll, and G. Natvik
  
  Journal version | Replication package
  Journal of Political Economy (2025)
  NASDAQ Award For the Best Paper on Asset Pricing (WFA 2024)
  
• Wealth Inequality and Asset Prices
  
  Journal version | Replication package
  Review of Economic Studies (2025)
  
• 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)