Gideon Bornstein
Assistant Professor
The Wharton School, University of Pennsylvania
Embedded Files
I am an Assistant Professor of Finance at the Wharton School and a Faculty Research Fellow at the NBER. I am a macroeconomist, with a focus on market power and unsecured debt. My research combines large-scale micro data with general equilibrium models to gain insights on the macroeconomy.
Email: gideonbo@wharton.upenn.edu
Working Papers
Nonlinear Pricing and Misallocation, May 2025 (with Alessandra Peter)
Conditionally Accepted at American Economic Review
Entry and Profits in an Aging Economy: The Role of Consumer Inertia, April 2025
Revise and Resubmit at Review of Economic Studies
The Macroeconomics of Trade Credit, August 2024 (with Luigi Bocola)
Revise and Resubmit at American Economic Review
The Impact of Social Insurance on Household Debt, August 2023 (with Sasha Indarte)
Revise and Resubmit at Review of Economic Studies
Publications
A World Equilibrium Model of the Oil Market (with Per Krusell and Sergio Rebelo)
Review of Economic Studies, January 2023
A Continuous-Time Model of Sovereign Debt [replication codes]
Journal of Economic Dynamics and Control, September 2020
Quantitative Sovereign Default Models and the European Debt Crisis (with Luigi Bocola and Alessandro Dovis)
Journal of International Economics, May 2019
Moral Hazard Misconceptions: The Case of the Greenspan Put (with Guido Lorenzoni)
IMF Economic Review, June 2018
Work in Progress
Financial Frictions and Firm Exit: Theory and Facts (with Laura Castillo-Martinez)
Awarded NSF Grant (co-PI with Laura Castillo-Martinez)
Monopsony Power and the Transmission of Monetary Policy (with Bence Bardóczy and Sergio Salgado )
Housing Heterogeneity and the Business Cycle: The Role of Micro and Macro Rigidities (with Sasha Indarte and Emily Williams)
Page updated
Google Sites
Report abuse