Publications

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

Inefficient Investment Waves

Zhiguo He, Péter Kondor

Econometrica March2016 Vol. 84 Issue 2 Pages 735–780.

Debt and Creative Destruction: Why Could Subsidizing Corporate Debt Be Optimal?

Zhiguo He, Gregor Matvos

Management Science February2016 Vol. 62 Issue 2 Pages 303–630.

The Common Factor in Idiosyncratic Volatility: Quantitative Asset Pricing Implications

Hanno Lustig, Bernard Herskovic, Bryan Kelly, Stijn Van Nieuwerburgh

Journal of Financial Economics February2016 Vol. 119 Issue 2 Pages 249-283.

The Missed Opportunity and Challenge of Capital Regulation

Anat R. Admati

National Institute Economic Review February2016 Vol. 235 Issue 1 Pages R4–R14.

Robust Option Pricing: Hannan and Blackwell Meet Black and Scholes

Peter M. DeMarzo

Journal of Economic Theory January222016 Vol. 163 Pages 410-434.

Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending

Hans-Joachim Voth

American Economic Review 2016 Vol. 106 Issue 11 Pages 3367-3400.

Rethinking Financial Regulation: How Confusion Has Prevented Progress

Anat R. Admati

Progress and Confusion: The State of Macroeconomic Policy MIT Press Cambridge 2016 Pages 61-72.

Asset Quality Misrepresentation by Financial Intermediaries: Evidence from the RMBS Market

Tomasz Piskorski, James Witkin, Amit Seru

Journal of Finance December2015 Vol. 70 Issue 6 Pages 2635-2678.

The Impact of Treasury Supply on Financial Sector Lending and Stability

Arvind Krishnamurthy, Annette Vissing-Jorgensen

Journal of Financial Economics December2015 Vol. 118 Issue 3 Pages 571-600.