Publications

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Risky Corporate Bonds in 2021: A Bubble, or Rational Underwriting in a Low-Rate Environment?

Edward I. Altman, Mike Harmon

The Journal of Portfolio Management

November2021

Robust Benchmark Design

Darrell Duffie, Piotr Dworczak

Journal of Financial Economics

November2021 Vol. 142 Issue 2 Pages 775–802.

Neighborhood-Based Information Costs

Benjamin Hébert, Michael Woodford

American Economic Review

October2021 Vol. 111 Issue 10 Pages 3225–3255.

Debt Relief and Slow Recovery: A Decade after Lehman

Tomasz Piskorski, Amit Seru

Journal of Financial Economics

September2021 Vol. 141 Issue 3 Pages 1036–1059.

Financing Labor

Efraim Benmelech, Nittai Bergman, Amit Seru

Review of Finance

September2021 Vol. 25 Issue 5 Pages 1365–1393.

Venture Capitalists and COVID-19

Paul Gompers, Will Gornall, Steven N. Kaplan, Ilya A. Strebulaev

Journal of Financial and Quantitative Analysis (open access)

August132021

Institutional Investors and Infrastructure Investing

Aleksandar Andonov, Roman Kräussl, Joshua D. Rauh

The Review of Financial Studies

August2021 Vol. 34 Issue 8 Pages 3880–3934.

Presidential Address: How Much “Rationality” Is There in Bond-Market Risk Premiums?

Kenneth J. Singleton

Journal of Finance

August2021 Vol. 76 Issue 4 Pages 1611–1654.

Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens

Antonio Coppola, Matteo Maggiori, Brent Neiman, Jesse Schreger

August2021 Vol. 136 Issue 3 Pages 1499–1556.

Augmenting Markets with Mechanisms

Samuel Antill, Darrell Duffie

The Review of Economic Studies

July2021 Vol. 88 Issue 4 Pages 1665–1719.

Market Fragmentation

Daniel Chen, Darrell Duffie

American Economic Review

July2021 Vol. 111 Issue 7 Pages 2247–2274.

Restructuring Corporate Debt: A Different Kind of Cycle

Mike Harmon, Claudia Robles-Garcia

AIRA Journal

June2021 Vol. 34 Issue 2 Pages 6–10.

Five Facts about Beliefs and Portfolios

Stefano Giglio, Matteo Maggiori, Johannes Stroebel, Stephen Utkus

American Economic Review

May2021 Vol. 111 Issue 5 Pages 1481–1522.

Strategic Risk Shifting and the Idiosyncratic Volatility Puzzle: An Empirical Investigation

Zhiyao Chen, Ilya A. Strebulaev, Yuhang Xing, Xiaoyan Zhang

Management Science

May2021 Vol. 67 Issue 5 Pages 2751–2772.

Review Article: Perspectives on the Future of Asset Pricing

Markus Brunnermeier, Emmanuel Farhi, Ralph S.J. Koijen, Arvind Krishnamurthy, Sydney C. Ludvigson, Hanno Lustig, Stefan Nagel, Monika Piazzesi

Review of Financial Studies

April2021 Vol. 34 Issue 4 Pages 2126–2160.

Foreign Safe Asset Demand and the Dollar Exchange Rate

Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig

Journal of Finance

March152021

Firm Selection and Corporate Cash Holdings

Juliane Begenau, Berardino Palazzo

Journal of Financial Economics

March2021 Vol. 139 Issue 3 Pages 697–718.

How Venture Capitalists Make Decisions

Paul Gompers, Will Gornall, Steven N. Kaplan, Ilya A. Strebulaev

Harvard Business Review

March2021 Vol. 99 Issue 2 Pages 70–78.

The Global Capital Allocation Project

Matteo Maggiori, Brent Neiman, Jesse Schreger

NBER The Reporter

March2021 Issue 1 Pages 16–19.

Mortgage Design in an Equilibrium Model of the Housing Market

Adam Guren, Arvind Krishnamurthy, Timothy James McQuade

Journal of Finance

February2021 Vol. 76 Issue 1 Pages 113–168.

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