Testimony before the Committee on Government Oversight and Reform, U.S. House of Representatives.

Joint written testimony before the Congressional Oversight Panel, Washington, D.C.

Remarks at 2013 Resolution Conference: Planning for the Orderly Resolution of a Global Systemically Important Bank, Washington, D.C.

Remarks at the Risk USA 2012 Conference, New York City.

Remarks at the International Insolvency Institute 13th Annual Conference, Columbia University Law School, New York City.

Remarks at the Reserve Bank of Australia's 50th Anniversary Symposium, Sydney, Australia.

A 2012 paper by Goodhart, Kashyap, Tsomocos, and Vardoulakis (GKTV) proposes a dynamic general equilibrium framework that provides a conceptual—and to some extent quantitative—framework for the analysis of macroprudential policies. The distinguishing feature of GKTV’s paper relative to any...

Joint written testimony before the Congressional Oversight Panel, Washington, D.C.

Remarks at the Risk USA 2012 Conference, New York City.

We develop a theory of financial intermediary leverage cycles in the context of a dynamic model of the macroeconomy. The interaction between a production sector, a financial intermediation sector, and a household sector gives rise to amplification of fundamental shocks that affect real economic...