Research

Publications

Smooth Transition Simultaneous Equation Models. Journal of Economic Dynamics and Control 145, 2022. With Jaya Krishnakumar

Commonality in Liquidity and Real Estate Securities. Journal of Real Estate Finance and Economics 55(1) 2017, 65-105. With Martin Hoesli and Kustrim Reka

Working papers

How Does Income Inequality Affect Financial Returns? A Historical Perspective, with Benoit Mojon, 2026

Building the G-SIB Network from CDS Spreads, with Gisela Reichmuth, Fernando Avalos, Christoph Schmidhuber, 2026

Sustainability Regulation Index and Its Impact on Global Equity Returns, 2026 (competitive research grant from the University of Applied Sciences of Western Switzerland (CHF 100,000) and SNSF)

Swiss Equity Market Responses to Sustainability Regulations, 2026 (financed by the above research grants)

Extreme Events in Corporate Bonds Spreads, with Thomas Lugrin, 2025 (submitted to a peer-reviewed journal)

Work in progress

Sustainability Regulation and Tail Behavior of Stock Returns in Europe, with Thomas Lugrin, 2026 (project within SNSF Practice-to-Science research grant, CHF 600,000, 2025-2028)

Media articles and white papers

Sustainability Regulation and Financial Markets, Swiss Association of Wealth Managers (SAM) Newsletter, December 2024

Selected publications at Pictet Asset Management

Has quantitative easing become emerging markets' new saviour?, April 2021

QE in emerging markets - A new era?, with K. Nandra, April 2020

Our convictions in emerging markets for 2020, December 2019

Argentina - in the midst of the storm?, May 2019

A tale of two emerging market crises, with N. Markov, August 2018