Working Papers

When Benchmarks Fail: Asset Prices and Firm Production Decisions

July 2021. With Erik Gilje, Nikolai Roussanov, and Jerome Taillard. [PDF Coming Soon]

Why does oil matter? Commuting and aggregate fluctuations

November 2019. With Nikolai Roussanov and Ewelina Zurowska. [PDF]

Fracking, Drilling, and Asset Pricing: Estimating the Economic Impact of the Shale Revolution

April 2017. With Erik Gilje and Nikolai Roussanov. [PDF]


Order flows and financial investor impacts in commodity futures markets

Review of Financial Studies, October 2022, 35(10), 4712-4755. with Mark Ready.

Currency risk factors in a recursive multicountry economy

Journal of Finance, December 2018, 73(6), 2719-2756. with Riccardo Colacito, Max Croce, and Federico Gavazzoni.

Oil consumption, economic growth, and oil futures: The impact of long-run oil supply uncertainty on asset prices

Journal of Monetary Economics, April 2018, Volume 94, Pages 1-26.

Oil Prices and the Stock Market

Review of Finance, February 2018, Volume 22, Issue 1, Pages 155-176.

Commodity Trade and the Carry Trade: A tale of two countries

Journal of Finance, December 2017, 72(6), 2629-2684. with Nikolai Roussanov and Colin Ward.

Best Paper at 2014 Utah Winter Finance Conference

Winner of the 2015 AQR Insight Prize

Winner of the 2016 Best Paper Prize from the Jacobs Levy Center

After the Tide: Commodity currencies and global trade

Journal of Monetary Economics, 2017, 85: 69-86. with Nikolai Roussanov and Colin Ward.

Not for Publication

Order Flows and Retail Investor Impacts in Commodity Futures Markets