I am an Assistant Professor of Finance at Yale School of Management. I received my PhD from the Economics Department at Columbia University.
My research explores topics in real estate, corporate finance, and macro-finance.
I study issues related to the regulation of real estate markets and where firms choose to locate their operations in response to local tax and financing incentives. My work also touches on household finance and climate finance aspects of property investment, including climate-proofing buildings and green home energy adoption.
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My research has been featured in national news outlets, including CNBC and Newsweek, and has informed national policy through HUD and SCOTUS briefs.
My CV is here My SSRN page Google Scholar Official Yale page
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For Spring 2026, I will be hiring Yale undergraduate students for two projects at the intersection of urban economics and climate finance as part of the Tobin RA program. If you are a Yale undergraduate or graduate student interested in part-time research assistant opportunities, please see application instructions here.
Recent updates:
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​Revised version of “Pricing Government Contract Risk Premia: Evidence from the 2025 Federal Lease Terminations,” joint with Soon Hyeok (Steve) Choi. We show how DOGE contract cancelations led to persistent negative effects on CMBS bond pricing and commercial property performance through to 2025Q3, leading to large projected office value losses.
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I evaluate “Corporate Responses to Place-Based Policies,” in a survey article in preparation for Oxford Research Encyclopedia of Economics and Finance. The piece offers new facts about the prevalence of subsidies targeting firms in the U.S.
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New version of “Picking Up the PACE: Loans for Residential Climate-Proofing,” joint with Aymeric Bellon, Francesco Mazzola, and Guosong Xu. We added new results showing how PACE adoption among counties in Florida helps lower homeowners insurance costs and slow market unraveling. ​​​​​