Research
Papers on international finance, firm and household heterogeneity, and technology
Latest Updates
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August 2026
New chapter! This fall I join the Finance Division at the Leeds School of Business, University of Colorado Boulder. Excited for new colleagues, new students, and the Flatirons out the window.
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July 2026
Honored that "Beyond Patent Ownership" was a finalist for the BME Best Stock Markets Paper Award at the 33rd Finance Forum, hosted by the University of Alicante. Congratulations to my coauthor Jesus Gorrin, who presented!
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June 2026
Great to have "Beyond Patent Ownership" presented at the Econometric Society ESIF Conference on Economics and AI+ML at Cornell University — thanks to my coauthor Jesus Gorrin for flying the flag!
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May 2026
"Foreign Exchange Interventions and Intermediary Constraints" was presented at the Annual Conference of the Banco Central do Brasil in Brasília — 42 papers selected from 301 submissions. Many thanks to my coauthor Alex Ferreira for presenting!
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May 2026
Honored to receive a CORE Award for Outstanding Contribution to the Scholarship of Pastoral Care at Warwick Business School, chosen from nominations across the School. Thank you to the students and colleagues who nominated me!
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April 2026
Our paper "Foreign Exchange Interventions and Intermediary Constraints" was presented at the Joint BIS, BoE, ECB, IMF and JIE Spillover Conference at the IMF in Washington D.C. — many thanks to my coauthors Giovanni Ricco and Ganesh Viswanath-Natraj for presenting!
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April 2026
Great news! "Beyond Patent Ownership: Learning About Technological Usefulness" has been accepted to the Econometric Society Interdisciplinary Frontiers (ESIF) Conference on Economics and AI+ML, hosted by Cornell University this June. With a 33% acceptance rate, honored to be part of the program!
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March 2026
Great to present "Who Carries?" at the MFA Annual Meeting in Chicago. Many thanks to Valeri Sokolovski for an excellent discussion!
Working Papers
Under Review Under Review
Works in Progress
Technology and the 21st-Century Firm
Measures each U.S. public firm's technology profile from the text of its filings and patents, and estimates production functions whose input elasticities vary with firm characteristics rather than being fixed within an industry.
Draft available upon request.
Technology Misallocation
with Miguel León-Ledesma
Decomposes aggregate productivity to separate technology misallocation, where firms adopt narrower technology portfolios than their scale would support, from the resource misallocation of Hsieh and Klenow.
Preparing first draft.
AI and the Technological Frontier
Builds a capability taxonomy for patents, a technology-side counterpart to O*NET, and uses it to measure how exposed each patent, and each firm, is to advancing AI capabilities.
Preparing first draft.
The Heterogeneous-Agent Heterogeneous-Asset Pricing Model
Combines the technology-driven heterogeneity in firms' systematic risk with preference heterogeneity in investors' risk aversion, and studies how the two interact and shape asset prices in equilibrium.
Preparing first draft.