Publications

Fiscal Capacity: An Asset Pricing Perspective

Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, Mindy Z. Xiaolan

Annual Review of Financial Economics November2023 Vol. 15 Pages 197–219.

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

Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig

IMF Economic Review November2023

Trends in State and Local Pension Funds

Oliver Giesecke, Joshua D. Rauh

Annual Review of Financial Economics November2023 Vol. 15 Pages 221–238.

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

The Journal of Finance October2023 Vol. 78 Issue 5 Pages 2725–2778.

Financial Literacy and Financial Well-Being: Evidence from the U.S.

Annamaria Lusardi, Jialu L. Streeter

Journal of Financial Literacy and Wellbeing October2023 Pages 1–30.

Information Acquisition, Efficiency, and Non-Fundamental Volatility

Benjamin Hébert, Jennifer La'O

Journal of Political Economy October2023 Vol. 131 Issue 10

Sovereign Debt Ratchets and Welfare Destruction

Peter M. DeMarzo, Zhiguo He, Fabrice Tourre

Journal of Political Economy October2023 Vol. 131 Issue 10 Pages 2825-2892.

China’s Financial System and Economy: A Review

Zhiguo He, Wei Wei

Annual Review of Economics September2023 Vol. 15 Pages 451–483.

The Importance of Financial Literacy: Opening a New Field

Annamaria Lusardi, Olivia S. Mitchell

JOURNAL OF ECONOMIC PERSPECTIVES September2023 Vol. 37 Issue 4 Pages 137–154.

The Market Inside the Market: Odd-Lot Quotes

Robert P. Bartlett, Justin McCrary, Maureen O’Hara

The Review of Financial Studies September2023 Vol. 2023

Across-the-Curve Credit Spread Indices

Antje Berndt, Darrell Duffie, Yichao Zhu

Financial Markets, Institutions & Instruments August2023 Vol. 32 Issue 3 Pages 115–130.

Financing the Litigation Arms Race

Samuel Antill, Steven Grenadier

Journal of Financial Economics August2023 Vol. 149 Issue 2 Pages 218–234.

Retail Bond Investors and Credit Ratings

Ed deHaan, Jiacui Li, Edward M. Watts

Journal of Accounting and Economics August2023 Vol. 76 Issue 1

Optimal Corporate Taxation Under Financial Frictions

Eduardo Davila, Benjamin Hébert

The Review of Economic Studies July2023 Vol. 90 Issue 4 Pages 1893–1933.

Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets

Hui Chen, Zhuo Chen, Zhiguo He, Jinyu Liu, Rengming Xie

The Journal of Finance July2023 Vol. 78 Issue 5 Pages 2563–2620.

The Importance of Financial Literacy and Its Impact on Financial Wellbeing

Annamaria Lusardi, Flore-Anne Messy

Journal of Financial Literacy and Wellbeing June2023 Vol. 1 Issue 1 Pages 1–11.

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.