I am an Assistant Professor of Finance at the University of Delaware.

My research interests include Asset Pricing, Credit Risk, Labor, Macro-Finance, and Sovereign Debt. Please find my papers below.


Alfred Lerner College ​of Business and Economics,

University of Delaware,

Newark, DE






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Time-varying Risk Premium and Unemployment Risk Across Age Groups [link] [SSRN version]

Internet Appendix [link]

Joint with Indrajit Mitra

Review of Financial Studies, 2020, 33(8): 3624-3673.

Blog summary [link]

Systematic Risk, Debt Maturity, and the Term Structure of Credit Spreads [link] [SSRN version]

Internet Appendix [link]

Joint with Hui Chen and Jun Yang

Journal of Financial Economics, 2021, 139(3): 770-799.

Illiquidity in Sovereign Debt Markets [link]

Joint with Juan Passadore

This version: December 2020

Forthcoming, Journal of International Economics

Working papers

High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations [link]

Joint with Indrajit Mitra and Taeuk Seo

This version: September 2021

A Theory of the Term Structure of Interest Rates under Limited Household Risk Sharing [link]

Internet Appendix [link]

Joint with Indrajit Mitra

This version: June 2021

R&R, Review of Financial Studies

Domestic Banking Fragility and Sovereign Debt Capacity [link]

This version: September 2017