Accepted and Published Papers

The Benchmark Inclusion Subsidy (2021) with Anil Kashyap, Natalia Kovrijnykh, and Anna Pavlova

Journal of Financial Economics

Is There Too Much Benchmarking in Asset Management? (2023) with Anil Kashyap, Natalia Kovrijnykh, and Anna Pavlova

American Economic Review

Investor Composition and the Liquidity Component in the U.S. Corporate Bond Market  (2025) with Haiyue Yu 

Accepted, Journal of Finance

The Convenience Yield, Inflation Expectations, and Public Debt Growth (2025) with Zhiyu Fu and Yinxi Xie

Accepted, Review of Financial Studies 

Working Papers

Corporate Bond Multipliers: Substitutes Matter (2023) with Manav Chaudhary and Zhiyu Fu

R&R at Review of Financial Studies 

Intermediation via Credit Chains  (2023) with Zhiguo He

R&R at Journal of Finance

Borrowing from a Bigtech Platform (2023) with Stefano Pegoraro

R&R at Review of Financial Studies 

The Dynamics of Deposit Flightiness and its Impact on Financial Stability (2024) with Kristian Blickle, Xu Lu and Yiming Ma 

The Market for Sharing Interest Rate Risk: Quantities and Asset Prices (2024) with Umang Khetan, Ioana Neamțu and Ishita Sen 

The Value of Data to Fixed Income Investors (2023) with Jennie Bai and Asaf Manela

Older Papers

Investor Concentration, Liquidity and Bond Price Dynamics  with Haiyue Yu 

The Pricing and Welfare Implications of Non-Anonymous Trading with Ehsan Azarmsa