Publications and Forthcoming Articles

1. 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

2. 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

3. 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

Working Papers

1. 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

2. 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

3. Funding Liquidity and the Valuation of Mortgage-Backed Securities (with Brett Dunn and Geoffery Zheng)
   slides

4. Investor Demand, Firm Investment, and Capital Misallocation (with Xu Tian, Yufeng Wu, and Jaewon Choi)
   Conferences: WFA 2022, AFA 2023

Work in Progress

• 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)

University of Illinois

Instructor

• MSF Financial Derivatives (Spring 2022)
• MSF/Undergrad Fixed Income Portfolios (Spring 2020, 2021, 2022)

UCLA Anderson School of Management

Instructor

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

Teaching Assistant

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