I am an assistant professor of finance at the Gies College of Business, University of Illinois at Urbana-Champaign. I received my PhD from UCLA Anderson School of Management in 2019.
My research interests are in financial intermediation, asset pricing, financial market liquidity, and public finance.
Download my CV.
The Incidence of Student Loan Subsidies: Evidence from the PLUS Program
(with William Mann)
Review of Financial Studies, Forthcoming
code | published version | summary in Forbes
Corporate Bond Liquidity during the COVID-19 Crisis
(with Benjamin Lester, David Lindsay, Shuo Liu, Pierre-Olivier Weill, and Diego Zúñiga)
Review of Financial Studies (2021), 34(11), 5352–5401
Internet Appendix | code |
slides |
published version |
NBER WP |
presentation video (1h:10-1h:40) |
summary
Heterogeneous Intermediary Asset Pricing
Journal of Financial Economics (2021), 141(2), 505–532
Internet Appendix | data | slides |
published version |
Erratum (due to publisher error)
Xavier Drèze Award for the most outstanding research paper at UCLA Anderson
Liquidity and Risk in OTC Markets: A Theory of Asset Pricing and Portfolio Flows
(with Juan Passadore and Dejanir Silva)
slides | presentation video
Conferences: SaMMF, SFS Cavalcade 2021, SITE 2021, MFA 2022
The Perceived Value of Pension Funding: Evidence from Border House Prices
(with Darren Aiello, Asaf Bernstein, Ryan Lewis, and Michael Schwert)
slides | NBER WP
Conferences: SFS Cavalcade 2021, Red Rock 2021, AFA 2022, FIRS 2022, EFA 2022
Funding Liquidity and the Valuation of Mortgage-Backed Securities
(with Brett Dunn and Geoffery Zheng)
slides
Investor Demand, Firm Investment, and Capital Misallocation
(with Xu Tian, Yufeng Wu, and Jaewon Choi)
Conferences: WFA 2022, AFA 2023
Inventory, Market Making, and Liquidity: Theory and Application to the Corporate Bond Market
(with Assa Cohen, Benjamin Lester, and Pierre-Olivier Weill)
presentation video by Pierre-Olivier Weill | slides
Conferences: SFS Cavalcade 2022, SaMMF, SED 2021, AEA 2023
Sequential Search for Corporate Bonds
(with Benjamin Lester, Sebastien Plante, and Pierre-Olivier Weill)
Conferences: AEA 2023, NBER Big Data Spring 2023
Dissecting the Aggregate Market Elasticity (with Victor Duarte and Dejanir Silva)
An Information-Based Explanation for Inelastic Demand (with Carter Davis and Jiacui Li)