Research
Working Papers
1. Who Harvests? Tax Alpha and Heterogeneous Responses to Capital Gains Taxation (2025)
‣ Presentations: WFA 2025, SFS Cavalcade 2025, Bocconi, Columbia Business School, Duke Fuqua, Harvard, Harvard Business School, London Business School, NYU Stern, OSU Fisher, Princeton, Stanford GSB, UC Boulder Leeds, UBC Sauder, UC Berkeley Haas, UCLA Anderson, UCSD Rady, UT Austin McCombs, Wharton, 2024 IMIM, 20th Annual Finance Conference Washington University in St. Louis
‣ Awards: The Brattle Group Ph.D. Candidate Awards For Outstanding Research, Best Paper in Asset Pricing at SFS Cavalcade 2025, Ph.D. Grant at SFS Cavalcade 2025
‣ This paper was previously circulated as part of my Ph.D. dissertation "The Impact of Fiscal Policy on Financial Institutions, Asset Prices, and Household Behavior"
2. Monetary Policy, Segmentation, and the Term Structure, with Rohan Kekre and Moritz Lenel (2025)
Revise and Resubmit, American Economic Review
Paper | Code to solve the model
‣ Presentations: FIRS 2024, ASSA 2023, NBER SI Macro Money and Financial Frictions 2022, CICM 2022, EWMES 2022, MFA 2022, SED 2022, Boston College, Berkeley, Booth, BSE, Bundesbank, Chicago FED, Columbia, Cowles Foundation, Duke Fuqua, ECB, FED Board, LSE, University of Minnesota, MIT Sloan, NYU, Princeton, Rutgers, Stanford
3. Asset Demand of U.S. Households, with Xavier Gabaix, Ralph Koijen, Sangmin Oh, and Motohiro Yogo (2023)
Paper
‣ Presentations: NBER SI Household Finance 2024, Wharton Junior Conference on Valuations, AFA 2024, NBER Asset Pricing 2022, NBER Innovative Data in Household Finance 2022, SED 2022, SFS Cavalcade 2023, WFA 2023, EFA 2023, UC Boulder Leeds, UW-Madison Business School, NY Fed, Tilburg, U of Amsterdam, UIC, Columbia Business School, Stanford GSB
4. Market Power, Fund Proliferation, and Asset Prices, with Marco Loseto (2025)
Paper
‣ Presentations: MFA 2025, AFA 2025, EGSC Washington University St. Louis 2022
‣ Awards: Yiran Fan Memorial Fellowship for best third year paper
5. A Demand-Based Approach to Short-Selling (2024)
Paper
‣ Presentations: MFA 2024, Yiran Fan Memorial Conference 2024
6. Limited Risk Transfer Between Investors: A New Benchmark for Macro-Finance Models, with Xavier Gabaix, Ralph Koijen, Sangmin Oh, and Motohiro Yogo (2024)
7. Democratizing Private Markets: Private Equity Performance of Individual Investors, with Cynthia Balloch, Sangmin Oh, and Petra Vokata (2025)
Work in Progress
8. The Impact of Fiscal Policy on Financial Institutions and Asset Prices (2025)
‣ Presentations: WFA 2025, SFS Cavalcade 2025, Bocconi, Columbia Business School, Duke Fuqua, Harvard, Harvard Business School, London Business School, NYU Stern, OSU Fisher, Princeton, Stanford GSB, UC Boulder Leeds, UBC Sauder, UC Berkeley Haas, UCLA Anderson, UCSD Rady, UT Austin McCombs, Wharton, 2024 IMIM, 20th Annual Finance Conference Washington University in St. Louis
‣ Awards: The Brattle Group Ph.D. Candidate Awards For Outstanding Research, Best Paper in Asset Pricing at SFS Cavalcade 2025, Ph.D. Grant at SFS Cavalcade 2025
‣ This paper was previously circulated as part of my Ph.D. dissertation "The Impact of Fiscal Policy on Financial Institutions, Asset Prices, and Household Behavior"