Publications

Technological Innovation, Resource Allocation, and Growth

Leonid Kogan, Dimitris Papanikolaou, Amit Seru, Noah Stoffman

The Quarterly Journal of Economics March212017 Vol. 132 Issue 2 Pages 665-712.

Are Stocks Real Assets? Sticky Discount Rates in Stock Markets

Hanno Lustig, Michael Katz, Lars Nielson

The Review of Financial Studies February2017 Vol. 30 Issue 2 Pages 539-587.

Financial Education Is Effective and Efficient

Carly Urban, Annamaria Lusardi, Lukas Menkhoff Menkhoff, Tim Kaiser

VoxEU CEPR February2017

Active Managers are Skilled: On Average, They Add More Than $3 Million Per Year

Jonathan B. Berk, Jules H. van Binsbergen

Journal of Portfolio Management 2017 Vol. 42 Pages 131-139.

It Takes a Village to Maintain a Dangerous Financial System

Anat R. Admati

Just Financial Markets? Finance in a Just Society Oxford University Press 2017 Pages Ch 13.

Mutual Funds in Equilibrium

Jonathan B. Berk, Jules H. van Binsbergen

Forthcoming: Annual Review of Financial Economics 2017

Advertising Expensive Mortgages

Umit G. Gurun, Gregor Matvos, Amit Seru

Journal of Finance October2016 Vol. 71 Issue 5 Pages 2371-2416.

Dynamic Debt Maturity

Zhiguo He, Konstantin Milbradt

The Review of Financial Studies October2016 Vol. 29 Issue 10 Pages 2677–2736.

Regional Redistribution Through the US Mortgage Market

Erik Hurst, Benjamin Keys, Amit Seru, Joseph Vavra

American Economic Review October2016 Vol. 106 Issue 10 Pages 2982-3028.

A Founders’ Guide to Unicorn Creation: How Liquidation Preferences in M & A Transactions Affect Start-up Valuation

Robert P. Bartlett

Research Handbook on Mergers and Acquisitions September2016 Pages 123–153.

Passthrough Efficiency in the Fed’s New Monetary Policy Setting

Arvind Krishnamurthy, Darrell Duffie

Kansas City Federal Reserve Symposium on Designing Resilient Monetary Policy Frameworks for the Future September2016

Information Acquisition and Rumor-Based Bank Runs

Zhiguo He, Asaf Manela

The Journal of Finance June2016 Vol. 71 Issue 3 Pages 1113–1158.

The Boats That Did Not Sail: Asset Price Volatility in a Natural Experiment

Journal of Finance June2016 Vol. 71 Issue 3 Pages 1185-1226.

Too-Systemic-To-Fail: What Option Markets Imply About Sector-Wide Government Guarantees

Bryan T. Kelly, Hanno Lustig, Stijn Van Nieuwerburgh

American Economic Review June2016 Vol. 1106 Issue 6 Pages 1278-1319.

Learning, Termination, and Payout Policy in Dynamic Incentives Contracts

Yuliy Sannikov, Peter M. DeMarzo

The Review of Economic Studies May22016 Vol. 84 Issue 1 Pages 182-236.

No‐Bubble Condition: Model‐Free Tests in Housing Markets

Stefano Giglio, Matteo Maggiori, Johannes Stroebel

Econometrica May2016 Vol. 84 Issue 3 Pages 1047-1091.

What Makes U.S. Government Bonds Safe Assets?

Zhiguo He, Arvind Krishnamurthy, Konstantin Milbradt

American Economic Review May2016 Vol. 106 Issue 5 Pages 519–523.

Hidden Debt, Hidden Deficits

Joshua D. Rauh

A Hoover Institution Essay Hoover Institution, Stanford University April112016

Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy

YiLi Chien, Harold Cole, Hanno Lustig

Review of Economics Dynamics April2016 Vol. 20 Pages 215-239.

Political Representation and Governance: Evidence from the Investment Decisions of Public Pension Funds

Aleksandar Andonov, Yael Hochberg, Joshua D. Rauh

Journal of Finance March272016