Published or Accepted Papers

Heterogeneous Intermediary Asset Pricing
Journal of Financial Economics, forthcoming
Xavier Drèze Award for the most outstanding research paper at UCLA Anderson

Working Papers

Corporate Bond Liquidity During the COVID-19 Crisis (with Benjamin Lester, David Lindsay, Shuo Liu, Pierre-Olivier Weill, and Diego Zúñiga)
A non-technical summary from the UCLA Anderson Review
Presentation Video at the SaMMF Workshop: Liquidity in Fixed Income Markets (from 1h10 to 1h40 in the YouTube video)

Student Loans, Marginal Costs, and Markups: Estimates From the PLUS Program (with William Mann)
Review of Financial Studies, Revise and Resubmit
Coverage at

Work in Progress

Inventory, Market Making, and Liquidity: Theory and Application to the Corporate Bond Market (with Benjamin Lester and Pierre-Olivier Weill)
Presentation Video by Pierre-Olivier Weill at the SaMMF Virtual Seminar Series

A Competitive Search Theory of Asset Pricing (with Juan Passadore and Dejanir Silva)

Who Pays for Underfunded Pensions? Evidence From Homeowners (with Darren Aiello, Asaf Bernstein, Ryan Lewis, and Michael Schwert)

Funding Liquidity and the Valuation of Mortgage-Backed Securities (with Brett Dunn)


University of Illinois


  • MSF/Undergrad Fixed Income Portfolios (Spring 2020, 2021)

UCLA Anderson School of Management


  • MFE R/MATLAB Programming Workshop (Fall 2017, 2018)

Teaching Assistant

  • MBA Behavioral Finance, Professor Avanidhar Subrahmanyam (Spring 2019)
  • MFE Empirical Asset Pricing, Professor Lars Lochstoer (Winter 2019)
  • MBA Foundations of Finance, Professor Bruce Carlin (Fall 2018)
  • MFE Data Analytics and Machine Learning, Professor Lars Lochstoer (Fall 2016)
  • MBA Corporate Finance, Professor William Mann (Winter 2015, 2016, 2017)
  • Executive Program Corporate Strategy, Professor David Wessels (May 2015)