research

home equity withdrawal in retirement
with irina telyukova (draft coming soon!)

rising indebtedness and hyperbolic discounting: a welfare analysis
(version: november 2009, submitted, slightly different version also available as philadelphia fed working paper no. 09-25)

worker flows and job flows: a quantitative investigation
with shigeru fujita (version: november 2009, submitted, also available as philadelphia fed working paper no. 09-33)

equilibrium default and temptation
(preliminary draft, version: may 2008)

optimal capital income taxation with housing
(version: april 2008, updated)

business cycles in the equilibrium model of labor market search and self-insurance
(version: march 2008, currently under revision)

rising earnings instability, portfolio choice, and housing prices
(version: july 2005)

a quantitative theory of unsecured credit with risk of default
with satyajit chatterjee, dean corbae, and jose-victor rios-rull. published in econometrica, vol. 75, no. 6 (november 2007), pp. 1525-1589. (this version: july 2005)

default and aggregate fluctuations in storage economies
with jose-victor rios-rull. published in frontiers in applied general equilibrium modeling. (this version: march 2005)