Publications

The Life-Cycle Model Implies That Most Young People Should Not Save for Retirement

Jason S. Scott, John B. Shoven, Sita N. Slavov, John G. Watson

The Journal of Retirement

December2023 Vol. 10 Issue 3 Pages 47–70.

Complex Asset Markets

Andrea L. Eisdeldt, Hanno Lustig, Lei Zhang

The Journal of Finance

October2023 Vol. 78 Issue 5 Pages 2519–2562.

Contracting in Peer Networks

Peter M. DeMarzo, Ron Kaniel

Journal of Finance

October2023 Vol. 78 Issue 5 Pages 2725–2778.

Dollar Safety and the Global Financial Cycle

Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig

Review of Economic Studies

August2023

Financing the Litigation Arms Race

Samuel Antill, Steven Grenadier

Journal of Financial Economics

August2023 Vol. 149 Issue 2 Pages 218–234.

Optimal Corporate Taxation Under Financial Frictions

Eduardo Davila, Benjamin Hébert

The Review of Economic Studies

July2023 Vol. 90 Issue 4 Pages 1893–1933.

When Losses Turn into Loans: The Cost of Weak Banks

Laura Blattner, Luisa Farinha, Francisca Rebelo

American Economic Review

June2023 Vol. 113 Issue 6 Pages 1600–1641.

China in Tax Havens

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

AEA Papers and Proceedings

May2023 Vol. 113 Pages 114–119.

The Demand for Money, Near-Money, and Treasury Bonds

Arvind Krishnamurthy, Wenhao Li

Review of Financial Studies

May2023 Vol. 36 Issue 5 Pages 2091–2130.

Across-the-Curve Credit Spread Indices

Antje Berndt, Darrell Duffie, Yichao Zhu

Financial Markets, Institutions & Instruments

April2023

Are Intermediary Constraints Priced?

Wenxin Du, Benjamin Hébert, Amy Wang

Review of Financial Studies

April2023 Vol. 36 Issue 4 Pages 1464–1507.

Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program

Sumit Agarwal, Gene Amromin, Souphala Chomsisengphet, Tim Landvoigt, Tomasz Piskorski, Amit Seru, Vincent W. Yao

The Review of Economic Studies

March2023 Vol. 90 Issue 2 Pages 499–537.

Rational Inattention When Decisions Take Time

Benjamin Hébert, Michael Woodford

Journal of Economic Theory

March2023 Vol. 208

Retail Bond Investors and Credit Ratings

Ed deHaan, Jiacui Li, Edward M. Watts

Journal of Accounting and Economics

March2023

Why Do Predicted Stock Issuers Earn Low Returns?

Charles M. C. Lee, Ken Li

Review of Asset Pricing Studies

March2023 Vol. 13 Issue 1 Pages 181-221.

Epidemic Responses under Uncertainty

Michael Barnett, Greg Buchak, Constantine Yannelis

Proceedings of the National Academy of Sciences

January2023 Vol. 120 Issue 2

Information Acquisition, Efficiency, and Non-Fundamental Volatility

Benjamin Hébert, Jennifer La'O

Journal of Political Economy

2023 Vol. Forthcoming

The Rest of the World’s Dollar-Weighted Return on U.S. Treasurys

Arvind Krishnamurthy, Hanno Lustig, Zhengyang Jiang

IMF Economic Review

2023 Vol. Forthcoming

A Unified Model of Distress Risk Puzzles

Zhiyao Chen, Dirk Hackbarth, Ilya A. Strebulaev

Journal of Financial Economics

November2022 Vol. 146 Issue 2 Pages 357–384.

Evaluating Deliberative Competence: A Simple Method with an Application to Financial Choice

Sandro Ambuehl, B. Douglas Bernheim, Annamaria Lusardi

American Economic Review

November2022 Vol. 112 Issue 11 Pages 3584–3626.