Published and Forthcoming Papers
Firm-Level Political Risk: Measurement and Effects (with Stephan Hollander, Laurence van Lent, and Ahmed Tahoun)
The Quarterly Journal of Economics, forthcoming
Forward and Spot Exchange Rates in a Multi-Currency World (with Rui Mano)
The Quarterly Journal of Economics (2019) 134 (1), pp. 397-450
Migrants, Ancestors, and Foreign Investments (with Konrad Burchardi and Thomas Chaney)
The Review of Economic Studies (2019) 86 (4), pp. 1448-1486
The Power of the Street: Evidence from Egypt's Arab Spring (with Daron Acemoglu and Ahmed Tahoun)
The Review of Financial Studies (2018) 31 (1), pp. 1-42 (editor's choice)
The Social Cost of Near-Rational Investment (with Thomas M. Mertens)
The American Economic Review (2017) 107 (4), pp. 1059-1103
Natural Experiments in Macroeconomics (with Nicola Fuchs-Schündeln)
Handbook of Macroeconomics Volume 2 (2016), North-Holland, pp. 923-1012
Not so Disconnected: Exchange Rates and the Capital Stock (with Thomas Mertens and Tony Zhang)
Journal of International Economics (2016) 99, pp. S43-S57
Information Aggregation in a Dynamic Stochastic General Equilibrium Model (with Thomas M. Mertens)
NBER Macroeconomics Annual 2014, pp. 159-207
The Journal of Finance (2013) 68(6), pp. 2269-2308. Winner of the Austrian Central Bank's 2009 Klaus Liebscher Award and the Leo Melamed Prize for Outstanding Research in Finance.
The Economic Impact of Social Ties: Evidence from German Reunification (with Konrad Burchardi)
The Quarterly Journal of Economics (2013) 128(3), pp. 1219-1271
Social Structure and Development: A Legacy of the Holocaust in Russia (with Daron Acemoglu and James A. Robinson)
The Quarterly Journal of Economics (2011) 126(2), pp. 895-946.
Market Sentiment: A Tragedy of the Commons (with Thomas M. Mertens)
The American Economic Review P&P (2011) 101(2), pp. 402-405.