Published Papers

1. Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Zoning Laws
(with Mark Garmaise and Toby Moskowitz), Quarterly Journal of Economics, (2005), 120 (3) 1121-1154.

2. Human Capital and the Productivity of Suicide Bombers
(with Claude Berrebi), Journal of Economic Perspectives, (2007), 21 (3) 223-238.

3. Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines
(with Nittai Bergman), Quarterly Journal of Economics, (2008) 123(4) 1635-1677.

4. Asset Salability and Debt Maturity: Evidence from Nineteenth-Century American Railroads
Review of Financial Studies, (2009), 22(4) 1545-1583.

5. Collateral Pricing
(with Nittai Bergman), Journal of Financial Economics, (2009), 91(3) 339-360.

6. The Alchemy of CDOs’ Credit Ratings
(with Jennifer Dlugosz) , Journal of Monetary Economics, (2009) 56(5) 617-634.

7. The Political Economy of Financial Regulation: Evidence from U.S State Usury Laws in the 19th Century
(with Toby Moskowitz), Journal of Finance, (2010) 65(3) 1029-1073.

8. The Credit Ratings Crisis
(with Jennifer Dlugosz) NBER Macroeconomics Annual 2009 161-207.

9. The Economic Cost of Harboring Terrorism
(with Claude Berrebi and Esteban Klor), Journal
of Conflict Resolution, (2010) 54 331-353.

10. Stock-Based Compensation and CEO (Dis)Incentives
(with Eugene Kandel and Pietro Veronesi), ), Quarterly Journal of Economics, (2010), 125(4) 1769-1820.

11. Vintage Capital and Creditor Rights
(with Nittai Bergman), Journal of Financial Economics, (2011) 99(2) 308-332.

12. Bankruptcy and the Collateral Channel
(with Nittai Bergman). Journal of Finance, (2011) 66(2) 337-378.

13. Economic Conditions and the Quality of Suicide Terrorism
(with Claude Berrebi and Esteban Klor), Journal of Politics, (2012), 74 113-128.

14. Economic Conditions and the Quality of Suicide Terrorism
(with Nittai Bergman and Ricardo Enriquez), Review of Corporate Finance Studies, (2012), 1(1) 28-67.

15. Securitzation without Adverse Selection: The Case CLOs
(with Victoria Ivashina and Jennifer Dlugosz), Journal of Financial Economics, (2012), 106(1) 28-67.

16. Credit Traps
(with Nittai Bergman), American Economic Review, (2012), 106(2) 3004-3032.

17. An Empirical Analysis of the Fed’s Term Auction Facility
CATO Papers on Public Policy, (2012), 2 57-91.

18. Does Short-Term Debt Increase the Vulnerability to Crisis? Evidence from the East Asian Financial Crisis
(with Eyal Dvir), Journal of International Economics, (2013), 89 485-494.

19. Repossession and the Democratization of Credit
(with Juliano Assuncao and Fernando S. S. Silva) Review of Financial Studies, (2014), 27(9) 2661-2689.

20. Military CEOs
(with Carola Frydman), Journal of Financial Economics, (2015) 117(1) 43-59

21. Counter-Suicide-Terrorism: Evidence from House Demolitions
(with Claude Berrebi and Esteban Klor) Journal of Politics, (2015), 77(1) 27-43.

22. The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles
(with Ralf Meisenzahl and Rodney Ramcharan). Quarterly Journal of Economics, (2017), 132(1) 317-365.

23. Credit Market Freezes
(with Nittai Bergman) NBER Macroeconomics Annual 2017.

24. The Agglomeration of Bankruptcy
(with Nittai Bergman, Anna Milanez and Vladimir Mukharlyamov), Review of Financial Studies, (2019), 32(7) 2541-2586.

25. Financial Frictions and Employment  during the Great Depression
(with Carola Frydman and Dimitris Papanikolaou), Journal of Financial Economics, (2019), 133(3) 541-563.

26. What Explains the Flow of Foreign Fighters to ISIS?
(with Esteban Klor), Terrorism and Political Violence, Forthcoming.