Publications

Browse or search publications from Stanford GSB faculty.

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Reserves Were Not So Ample after All

Adam Copeland, Darrell Duffie, Yilin (David) Yang
Quarterly Journal of Economics July2025

The Impact of Impact Investing

Jonathan B. Berk, Jules H. van Binsbergen
Journal of Financial Economics February2025 Vol. 164

Agency MBS as Safe Assets

Zhiguo He, Zhaogang Song
forthcoming, Review of Financial Studies October212024

Dollar Safety and the Global Financial Cycle

Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig
The Review of Economic Studies October2024 Vol. 91 Issue 5 Pages 2978-2915.

Valuing Long-Term Property Rights with Anticipated Political Regime Shifts

Zhiguo He, Maggie Rong Hu, Zhenping Wang, Vincent Yao
American Economic Review September262024 Vol. 114 Issue 9 Pages 2701–2747.

Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?

Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski, Amit Seru
Journal of Financial Economics September2024 Vol. 159

The Drivers and Implications of Retail Margin Trading

Zhiguo He, Jiangze Bian, Zhi Da, Dong Lou, Kelly Shue, Hao Zhou
Journal of Finance August102024 Vol. forthcoming

Global Capital Allocation

Sergio Florez-Orrego, Matteo Maggiori, Jesse Schreger, Ziwen Sun, Serdil Tinda
Annual Review of Economics August2024 Vol. 16 Pages 623–653.

Trading stocks builds financial confidence and compresses the gender gap

Saumitra Jha, Moses Shayo
Economic Journal July312024

Expectations and the Neutrality of Interest Rates

John H. Cochrane
Review of Economic Dynamics July2024 Vol. 53

Real Effects of Supplying Safe Private Money

He Yang
Journal of Financial Economics July2024 Vol. 157

Searching for Approval

Sumit Agarwal, John Grigsby, Ali Hortaçsu, Gregor Matvos, Amit Seru, Vincent Yao
Econometrica July2024 Vol. 92 Issue 4 Pages 1195–1231.

The U.S. Public Debt Valuation Puzzle

Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, Mindy Z. Xiaolan
Econometrica July2024 Vol. 92 Issue 4 Pages 1309–1347.

How Credit Cycles across a Financial Crisis

Arvind Krishnamurthy, Tyler Muir
Journal of Finance June12024

Financial Inclusion, Economic Development, and Inequality: Evidence from Brazil

Julia Fonseca, Adrien Matray
Journal of Financial Economics June2024 Vol. 156

What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn’t Bark

Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, Mindy Z. Xiaolan
The Journal of Finance June2024 Vol. 79 Issue 4 Pages 2603–2665.

Bank Funding Risk, Reference Rates, and Credit Supply

Harry Cooperman, Darrell Duffie, Stephan Luck, Zachry Wang, Yilin (David) Yang
Journal of Finance, forthcoming May2024

Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment

Arvind Krishnamurthy, Wenhao Li
Journal of Political Economy May2024

Financial Innovation in the 21st Century: Evidence from U.S. Patents

Josh Lerner, Amit Seru, Nick Short, Yuan Sun
Journal of Political Economy May2024 Vol. 132 Issue 5

Make Decisions with a VC Mindset

Ilya A. Strebulaev, Alex Dang
Harvard Business Review May2024