Assistant Professor, Finance
Building & Room:
2405 University Hall
(with Pengjie Gao and Chang Lee; forthcoming at Journal of Financial Economics)
- Municipalities located in states with laws in place for assisting financially distressed municipalities have lower borrowing costs and smaller post-default yield increases on their loans than municipalities located in other states.
Financing Dies in Darkness? The Impact of Newspaper Closures on Public Finance (Internet Appendix | Slides)
(with Pengjie Gao and Chang Lee; revise and resubmit at Journal of Financial Economics; best paper, Brookings Municipal Finance Conference)
- Newspaper closures lead to higher municipal borrowing costs in the long-run through the government inefficiency channel.