Working Papers

All research
Figure from The Great Game: A Model of Geoeconomic Competition

2026 The Great Game: A Model of Geoeconomic Competition

with Christopher Clayton and Matteo Maggiori

Working paper

2026
Figure from The Targets of Geoeconomic Coercion

2026 The Targets of Geoeconomic Coercion

with Christopher Clayton and Matteo Maggiori

Prepared for the Centennial Celebration of the Central Bank of Chile

2026
Figure from A Theory of Economic Coercion and Fragmentation

2024 A Theory of Economic Coercion and Fragmentation

with Christopher Clayton and Matteo Maggiori

Revise and Resubmit, Journal of Political Economy

2024
Figure from The Geography of Capital Allocation in the Euro Area

2023 The Geography of Capital Allocation in the Euro Area

with Roland Beck, Antonio Coppola, Angus Lewis, Matteo Maggiori, and Martin Schmitz

Revise and Resubmit, Quarterly Journal of Economics

2023
Figure from International Currency Competition

2024 International Currency Competition

with Christopher Clayton, Amanda Dos Santos, and Matteo Maggiori

Working paper

2024

Selected Publications

All publications
Figure from Decoupling Dollar and Treasury Privilege

2026 Decoupling Dollar and Treasury Privilege

with Wenxin Du and Ritt Keerati

Forthcoming, IMF Economic Review

2026
Figure from A Framework for Geoeconomics

2026 A Framework for Geoeconomics

with Christopher Clayton and Matteo Maggiori

Econometrica, January 2026, Pages 105-136

2026
Figure from Internationalizing Like China

2025 Internationalizing Like China

with Christopher Clayton, Amanda Dos Santos, and Matteo Maggiori

American Economic Review, March 2025, Pages 864-902

2025
Figure from Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens

2021 Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens

with Antonio Coppola, Matteo Maggiori and Brent Neiman

Quarterly Journal of Economics, August 2021, 136(3), Pages 1499-1556

2021
Figure from International Currencies and Capital Allocation

2020 International Currencies and Capital Allocation

with Matteo Maggiori and Brent Neiman

Journal of Political Economy, June 2020, 128(6), Pages 2019-2066

Winner, 2018 AQR Insight Award

2020