Financial Market Imperfections and Economic Policy The research agenda on this topic is concerned with analyzing optimal behaviour of households when financial markets are imperfect and to understand the effect of policy interventions in this context. Publications and discussion papers “Buffer-Stock Saving and Households' Response to Income Shocks," with Giulio Fella and Serafin Frache, International Economic Review, vol. 61 (3), 1359-1382. “Debt Portfolios and Homestead Exemptions,” with Thomas Hintermaier, American Economic Journal: Macroeconomics, vol.8 (4), 103-141. “Public and Private Insurance with Costly Transactions,” with Giuseppe Bertola, CEPR Discussion Paper No. 8062, IZA Discussion Paper No. 5201. [An accompanying non-technical essay for Vox] “Hidden Insurance in a Moral Hazard Economy,” with Giuseppe Bertola, RAND Journal of Economics, vol. 46 (4), 777-790. “On the Evolution of the US Consumer Wealth Distribution,” with Thomas Hintermaier, Review of Economic Dynamics, vol. 14 (2), 317-338. “The Method of Endogenous Gridpoints with Occasionally Binding Constraints among Endogenous Variables,” with Thomas Hintermaier, Journal of Economic Dynamics & Control, vol. 34 (10), 2074-2088. “Redistributive Taxation and Personal Bankruptcy in US States,” with Charles Grant, Journal of Law & Economics, vol. 52 (3), 445-467. “Consumption Smoothing and Income Redistribution,” with Giuseppe Bertola, European Economic Review, vol. 51 (8), 1941-1958. “On the Role of Market Insurance in a Dynamic Model,” with Helge Braun, The Geneva Risk and Insurance Review, vol. 32 (1), 61-90. “Uncertainty and Debt-Maturity in Emerging Markets,” with Matthieu Bussière and Marcel Fratzscher, The B.E. Journal of Macroeconomics, Topics, vol. 6(1), Article 5. “Dealer Pricing of Consumer Credit”, with Giuseppe Bertola and Stefan Hochgürtel, International Economic Review, vol. 46 (4), 1103-1142. “Labor Income Risk and Car Insurance in the UK”, The Geneva Papers on Risk and Insurance Theory, vol. 29 (1), 55-74.