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. Negotiating with Labor under Financial Distress
(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, (2020), 32(7) 1458-1481.

27. “Civic Capital and Social Distancing during the Covid-19 Pandemic”
(with John Barrios, Yael Hochberg, Paola Sapienza and Luigi Zingales), 2021, Journal of Public Economics.

28. “Private and Social Returns to R&D: Drug Development and Demographics”
(with Jan Eberly, Dimitris Papanikolaou and Josh Krieger), American Economic Review P&P, (2021), 111 336-340.

29. Financing Labor
(with Nittai Bergman and Amit Seru), Review of Finance,  (2021), 25(5) 1365-1393.

30.Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?
(with Nittai Bergman and Hyunseob Kim), Journal of Human Resources, (2022), 57 S200-S250.

31. “Secured Credit Spreads and the Issuance of Secured Debt”
(with Nitish Kumar and Raghuram Rajan), Journal of Financial Economics, (2022), 146(1) 143-171.

32.Making the House a Home: the Stimulative Effect of Home Purchases on Consumption and Investment
(with Adam Guren and Brian Melzer), 2021. Review of Financial Studies, Forthcoming.

33. The Decline of Secured Debt”
(with Nitish Kumar and Raghuram Rajan), 2022. Journal of Finance, Accepted.

34. Offensive Counterterrorism: Lessons from Israel “
Handbook of the Economics of Terror, Forthcoming.