Publications

Moral Hazard and the Optimality of Debt

Benjamin Hébert

The Review of Economic Studies October12018 Vol. 85 Issue 4 Pages 2214-2252.

Financial Regulatory Reform After the Crisis: An Assessment

Darrell Duffie

Management Science October2018 Vol. 64 Issue 10 Pages 4471–4965.

Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News

Cosmin Ilut, Matthias Kehrig, Martin K. Schneider

Journal of Political Economy October2018 Vol. 126 Issue 5 Pages 2011-2071.

Financing as a Supply Chain: The Capital Structure of Banks and Borrowers

Will Gornall, Ilya A. Strebulaev

Journal of Financial Economics September2018 Vol. 129 Issue 3 Pages 510-530.

Big Data in Finance and the Growth of Large Firms

Juliane Begenau, Maryam Farboodi, Laura Veldkamp

Journal of Monetary Economics August2018 Vol. 97 Pages 71-87.

Asset Pricing Program

Monika Piazzesi

NBER Reporter June2018 Issue 2 Pages 1-6.

Foreign Safe Asset Demand for US Treasurys and the Dollar

Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig

America Economic Association Papers and Proceedings May2018 Vol. 108 Pages 537-541.

The Changing Face of Debt and Financial Fragility at Older Ages

Annamaria Lusardi, Olivia S. Mitchell, Noemi Oggero

AEA Papers and Proceedings May2018 Vol. 108 Pages 407–411.

Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle

Francesco Bianchi, Cosmin L. Ilut, Martin K. Schneider

The Review of Economic Studies April12018 Vol. 85 Issue 2 Pages 810-854.

Are Volatility Expectations in Different Countries Interdependent? A Data-Driven Solution to Structural VAR Identification for Implied Equity Volatility Indices

Tim de Silva

Undergraduate Economic Review March92018 Vol. 14 Issue 1

Corporate Credit Risk Premia

Antje Berndt, Rohan Douglas, Darrell Duffie, Mark Ferguson

Review of Finance March12018 Vol. 22 Issue 2 Pages 419-454.

Mortgage Market Design: Lessons from the Great Recession

Tomasz Piskorski, Amit Seru

Brookings Papers on Economic Activity March2018

Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle

Hui Chen, Rui Cui, Zhiguo He, Konstantin Milbradt

The Review of Financial Studies March2018 Vol. 31 Issue 3 Pages 852–897.

ECB Policies Involving Government Bond Purchases: Impact and Channels

Arvind Krishnamurthy, Stefan Nagel, Annette Vissing-Jorgensen

Review of Finance February12018 Vol. 22 Issue 1 Pages 1-44.

Four Centuries of Return Predictability

Benjamin Golez

Journal of Financial Economics February2018 Vol. 127 Issue 2 Pages 248-263.

Measuring Liquidity Mismatch in the Banking Sector

Jennie Bai, Arvind Krishnamurthy, Charles-Henri Weymuller

The Journal of Finance February2018 Vol. 73 Issue 1 Pages 51-93.

A Model of the International Monetary System

Emmanuel Farhi, Matteo Maggiori

Quarterly Journal of Economics February2018 Vol. 133 Issue 1 Pages 295-355.

The Leverage Ratchet Effect

Anat R. Admati, Peter M. DeMarzo, Martin F. Hellwig, Paul Pfleiderer

The Journal of Finance February2018 Vol. 73 Issue 1 Pages 145-198.

The Market for Financial Adviser Misconduct

Mark Egan, Gregory Matvos, Amit Seru

Journal of Political Economy February2018 Vol. 127 Issue 1 Pages 233-295.

Financial Market Frictions and Diversifications

Gregor Matvos, Amit Seru, Rui Silva

Journal of Financial Economics January2018 Vol. 127 Issue 1 Pages 21-50.