My primary research interests are in household consumption, saving and debt, with a current focus on housing and retirement. I also work on applications of household saving decisions to monetary and labor economics.

Publications

• "Housing and Saving in Retirement Across Countries". (With Makoto Nakajima). November 2014. Forthcoming, Proceedings of International Economic Association's 2014 World Congress, J. Stiglitz, ed.


• "Directed Search over the Life Cycle". (With Guido Menzio and Ludo Visschers). January 2015. Forthcoming, Review of Economic Dynamics.


• "Precautionary Money Demand in a Business-Cycle Model". (With Ludo Visschers). November 2013. Journal of Monetary Economics, 60(8), 900-916.


• "Household Need for Liquidity and the Credit Card Debt Puzzle". July 2013. Review of Economic Studies , 80(3), 1148-1177.
  • Supplementary materials: online appendix.


• "Measuring High-Frequency Income Risk from Low-Frequency Data". (With Paul Klein). March 2013. Journal of Economic Dynamics and Control, 37(3), 535-542.


• "A Model of Money and Credit, with Application to the Credit Card Debt Puzzle". (With Randall Wright). 2008. Review of Economic Studies, 75(2), 629-647.


• "Families and Careers". (With Iourii Manovskii and Gueorgui Kambourov.) November 2007. Ch. 6 in "Frontiers of Family Economics", Elsevier, 2008, edited by Peter Rupert.

Papers Under Review

• "Reverse Mortgage Loans: a Quantitative Analysis". (With Makoto Nakajima) July 2014. Second revision requested, Journal of Finance.


• "Medical Expenses and Saving in Retirement: the Case of U.S. and Sweden". (With Makoto Nakajima). December 2014.

Research Papers in Progress

• "Commodity Price Booms: Macroeconomic and Distributional Implications". (With Marina Mendes Tavares, Adrian Peralta-Alva). April 2014.


• "Home Equity in Retirement". (With Makoto Nakajima) August 2013.
  Third Prize, Networks Financial Institute Competition for Best Paper in Financial Services Regulatory Reform, 2011.
• Supplementary materials: online appendix.