Recently Published

• "Has Canadian House Price Growth Been Excessive", with Huw Lloyd-Ellis. Canadian Journal of Economics 49(4) (November 2016) 1367-1400.

• "Search, Liquidity, and the Dynamics of House Prices and Construction", with Huw Lloyd-Ellis and Hongfei Sun. American Economic Review 104(4) (April 2014) 1172-1210.

• "Housing Liquidity, Mobility, and the Labour Market", with Huw Lloyd-Ellis. Review of Economic Studies 79(4) (October 2012) 1559-1589.

• "Sticky Prices: A New Monetarist Approach", with Lucy Qian Liu, Guido Menzio, and Randall Wright. Journal of the European Economic Association 10(5) (October 2012) 939-973.

Recent Working Papers

• "Indebted Sellers, Liquidity and Mortgage Standards", with Hongfei Sun and Mark Zhou. (April 2018).

• "Inequlity, Frictional Assignment and Home-ownership, with Huw Lloyd-Ellis and Derek Stacey. (January 2018)