Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels
Journal of Financial Economics, Accepted for publication.
Co-authors: Viral Acharya , Ryan Banerjee, Tim Eisert, Renee Spigt
Paper · BibTeX · Liberty Street · FT · Bloomberg [1] [2]
Zombie Credit and (Dis-)Inflation: Evidence from Europe
Journal of Finance, 79(3), 1883-1929, June 2024.
Co-authors: Viral Acharya, Tim Eisert, Christian Eufinger
Paper · Online Appendix · BibTeX · VoxEU · WSJ · FT
Pirates without Borders: the Propagation of Cyberattacks through Firms’ Supply Chains
Journal of Financial Economics, 147(2), February 2023, 432-448. Editor’s choice.
Co-authors: Marco Macchiavelli and André Silva
Paper · BibTeX · Google Scholar
The Anatomy of the Transmission of Macroprudential Policies
Journal of Finance, 77(5), October 2022, 2533-2575. Lead article.
Co-authors: Viral Acharya, Katharina Bergant, Tim Eisert, Fergal McCann
Paper · BibTeX · Google Scholar · Online Appendix
Bank Capital, Government Bond Holdings, and Sovereign Debt Capacity
Journal of Financial Economics, 141(2), August 2021, 693-704.
Klaus Liebscher Award.
Paper · BibTeX · Google Scholar
The Design and Transmission of Central Bank Liquidity Provisions
Journal of Financial Economics, 141(1), July 2021, 27-47.
Co-author: Luisa Carpinelli
ECB Young Economist Award.
Paper · BibTeX · Google Scholar
The (Unintended?) Consequences of the Largest Liquidity Injection Ever
Journal of Monetary Economics, 112, June 2020, 97-112.
SUERF/UniCredit Foundation Research Prize.
Co-authors: Miguel Faria-e-Castro and Luìs Fonseca
Paper · BibTeX · Google Scholar
Invited Papers
Zombie Lending: Theoretical, International, and Historical Perspectives
Annual Review of Financial Economics, 14, 2022.
Co-authors: Viral Acharya, Tim Eisert, Sascha Steffen
Paper · Working Paper · BibTeX
New York Fed Publications
Climate-Related Financial Stability Risks for the United States: Methods and Applications
Economic Policy Review, forthcoming.
Co-authors: Celso Brunetti, Benjamin Dennis, Gurubala Kotta, Don Morgan, Chaehee Shin, Ilknur Zero