Princeton University economist and NBER Research Associate working in corporate finance, monetary economics, economic fluctuations and growth, and development economics.
This paper develops a tractable continuous-time model to study the fiscal sustainability of government deficits and the joint dynamics of public debt, with two main ingredients: an endogenous interest …
PublishedAmerican Economic ReviewPublished Mar 2026
Each month a fraction of UK property leases are extended by 90 years or more, creating thousands of natural experiments in which the same property's rent and capital value are revealed simultaneously. …