WORKING PAPERS
Credit Policy as Fiscal Policy
Evaluating the Government as a Source of Systemic Risk
An Evaluation of Large-Scale Mortgage Refinancing Programs (with Damien Moore and Mitchell Remy)
Valuing and Hedging Defined Benefit Pension Obligations – The Role of Stocks Revisited (with Stephen Zeldes)
Why Do Guaranteed SBA Loans Cost Borrowers So Much? (with Flavio de Andrade)
Capital Structure, Hurdle Rates, and Portfolio Choice – Interactions in an Entrepreneurial Firm (with John Heaton)
Investing Public Pensions in the Stock Market: Implications for Risk Sharing and Asset Prices (with John Heaton)
Accrual Accounting for Federal Entitlements -- Issues and Estimates