A Theory of Economic Coercion and Fragmentation

Christopher Clayton, Matteo Maggiori, Jesse Schreger

Journal of Political Economy, forthcoming

A Framework for Geoeconomics

Christopher Clayton, Matteo Maggiori, Jesse Schreger

Econometrica, 2026, 94(1): 105–136

A Theory of Dynamic Inflation Targets

Christopher Clayton, Andreas Schaab

American Economic Review, 2025, 115(2): 448–490

Internationalizing Like China

Christopher Clayton, Amanda Dos Santos, Matteo Maggiori, Jesse Schreger

American Economic Review, 2025, 115(3): 864–902

Bail-Ins, Optimal Regulation, and Crisis Resolution

Christopher Clayton, Andreas Schaab

Review of Financial Studies, 2025, 38(9): 2810–2843

Crisis Interventions in Corporate Insolvency

Samuel Antill, Christopher Clayton

Journal of Finance, 2025, 80(2): 875–910

Optimal Illiquidity

John Beshears, James Choi, Christopher Clayton, Christopher Harris, David Laibson, Brigitte Madrian

Journal of Financial Economics, 2025, 165: 103996

Multinational Banks and Financial Stability

Christopher Clayton, Andreas Schaab

Quarterly Journal of Economics, 2022, 137(3): 1681–1736

The Great Game: A Model of Geoeconomic Competition

Christopher Clayton, Matteo Maggiori, Jesse Schreger – October 2026

Geoeconomic Pressure

Christopher Clayton, Antonio Coppola, Vanessa Hu, Matteo Maggiori, Jesse Schreger, Serdil Tinda – September 2026

The Targets of Geoeconomic Coercion

Christopher Clayton, Matteo Maggiori, Jesse Schreger – July 2026

In preparation for the conference proceedings of the Centennial Celebration of the Central Bank of Chile

International Currency Competition

Christopher Clayton, Amanda Dos Santos, Matteo Maggiori, Jesse Schreger – March 2026

The Optimal Use of AI in Financial Regulation

Christopher Clayton, Antonio Coppola – September 2026

Heterogeneous Price Rigidities and Monetary Policy

Christopher Clayton, Xavier Jaravel, Andreas Schaab – August 2018

Putting Economics Back Into Geoeconomics

Christopher Clayton, Matteo Maggiori, Jesse Schreger

NBER Macroeconomics Annual, 2026, 40: 23–87

Global Imbalances and Power Imbalances

Christopher Clayton, Matteo Maggiori, Jesse Schreger

AEA Papers and Proceedings, 2026, 116: 113–137

American Investment in Chinese Renminbi

Bruno Cavani, Christopher Clayton, Amanda Dos Santos, Matteo Maggiori, Jesse Schreger

AEA Papers and Proceedings, 2026, 116: 41–46

The Political Economy of Geoeconomic Power

Christopher Clayton, Matteo Maggiori, Jesse Schreger

AEA Papers and Proceedings, 2025, 115: 588–592

China in Tax Havens

Christopher Clayton, Antonio Coppola, Amanda Dos Santos, Matteo Maggiori, Jesse Schreger

AEA Papers and Proceedings, 2023, 113: 114–119