Research Areas
Corporate finance; financial markets; financial institutions
Current Projects
Financial fragility and crises; feedback effects between financial markets and the real economy
Representative Publications
(with P. Bond and E. S. Prescott)
“Market-Based Corrective Actions.” Review of Financial Studies, forthcoming.
(with A. Guembel)
“Manipulation and the Allocational Role of Prices.” Review of Economic Studies 75 (2008).
(with Q. Chen and W. Jiang)
“Price Informativeness and Investment Sensitivity to Stock Price.” Review of Financial Studies 20 (2007).
(with A. Pauzner)
“Demand Deposit Contracts and the Probability of Bank Runs.” Journal of Finance 60 (2005).
(with A. Pauzner)
“Contagion of Self-Fulfilling Financial Crises due to diversification of investment portfolios.” Journal of Economic Theory 119 (2004).
Education
PhD, Tel-Aviv University, 2001; MA, Tel-Aviv University, 1998; BA, Tel-Aviv University, 1994
Academic Positions Held
Wharton: 2004-present. Previous appointment: Duke University, Fuqua School of Business
Other Positions
Federal Reserve Bank of Philadelphia, Visiting Scholar, 2005–present; Goethe University, Visiting Professor, 2007; Princeton University, Visiting Scholar, 2000–2001; Bank of Israel, Economist, 1998—2000.
Professional Leadership 2005-2009
Editorial Board, Management Science, 2009–present
