Research

Publications

[Link] Financial Crises as a Phenomenon of Multiple Equilibria and How to Select Among Them, Journal of Money, Credit and Banking (forthcoming)

[Link] Assessing IMF Lending: A Model of Sample Selection (with Jean-Guillaume Poulain and Julien Reynaud), IMF Working Paper 19/157

Working Papers

[PDF] Would an Earlier Inception of OMT by the ECB Have Prevented the 2012 Greek Default?

[PDF] The Wealth Effect View of the Great Recession: A Behavioral Macroeconomic Model with Occasional Financial Fire Sales

[PDF] Rollover Crises in Calvo’s Model of Sovereign Default (And Two Ways to Prevent Them) (with Jason Campbell)

[PDF] Deriving Predictions from Economic Theory: Solution Concepts vs. Epistemic Conditions (with Jason Campbell)

Work in Progress

Necessary and Sufficient Conditions for Policy Relevance in Macroeconomic Theory