I am a Ph.D. Candidate in Economics at UCLA. My research interests are in macroeconomics, monetary economics, banking and financial intermediation, financial markets, and economic history.

I am on the 2026–27 job market.

Contact me at: [email protected]

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Working Papers

Welfare Implications of Reserve Regimes

(with Diego Zúñiga )

Draft: (new draft coming soon)

(new abstract coming soon)

Friedman-Schwartz vs. Tobin: A Modern Reassessment of the Great Depression

(with Saki Bigio , Jared Rutner )

Draft: September 24, 2026

We revisit the Friedman-Schwartz vs. Tobin debate about the Federal Reserve’s role in the Great Depression by using modern econometric and quantitative-modeling tools. We calibrate a general equilibrium model with a banking sector and an interbank market, building off Bianchi and Bigio (2022). Our model offers novel contributions to the literature through its banking-focused approach that interconnects money, credit, and output. This framework allows us to leverage aggregate banking data from the era, including interbank rates, to examine the Federal Reserve’s policy pass-through into the aggregate economy. The model allows us to weigh the relative importance of various shocks affecting banks and the economy during the period. It is well-suited for conducting counterfactual analyses of policies proposed in Friedman and Schwartz’s “A Monetary History of the United States, 1867-1960,” particularly an expansion of discount window lending, while accounting for the constraints imposed by the gold standard.

Work in Progress

Do Banks Replace Drained Reserves? Liquidity Shocks, the LCR, and Bank HQLA

Draft: (coming soon)

Teaching

Econ 162 - Monetary Policy

Econ 102 - Intermediate Macroeconomics

Econ 11 - Microeconomic Theory

Econ 106ML - Financial Markets and Financial Institutions (Lab)