Publications

Evaluating Firm-Level Expected-Return Proxies: Implications for Estimating Treatment Effects

Charles M. C. Lee, Eric C. So, Charles C. Y. Wang

The Review of Financial Studies 2021 Vol. 34 Issue 4 Pages 1907–1951.

Tick Size Tolls: Can a Trading Slowdown Improve Earnings News Discovery?

Charles M. C. Lee, Edward M. Watts

The Accounting Review 2021 Vol. 96 Issue 3 Pages 373–401.

Dealing with a Liquidity Crisis: Economic and Financial Policies in China During the Coronavirus Outbreak

Zhiguo He, Bibo Liu

Impact Of Covid-19 On Asian Economies And Policy Responses (Eds. S. Agarwal, Z. He, B. Yeung) World Scientific Singapore December2020 Pages 55–64.

Firm Volatility in Granular Networks

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

Journal Political Economy November2020 Vol. 128 Issue 11 Pages 4097–4162.

The Macroeconomics of Corporate Debt

Markus Brunnermeier, Arvind Krishnamurthy

The Review of Corporate Finance Studies November2020 Vol. 9 Issue 3 Pages 656-665.

Are U.S. Treasury Bonds Still a Safe Haven?

Zhiguo He, Arvind Krishnamurthy

NBER Reporter October2020 Issue 3 Pages 20–24.

Equity Is Cheap for Large Financial Institutions

Priyank Gandhi, Hanno Lustig, Alberto Plazzi

The Review of Financial Studies September2020 Vol. 33 Issue 9 Pages 4231–4271.

Financial Literacy and Financial Resilience: Evidence from Around the World

Leora Klapper, Annamaria Lusardi

Financial Management September2020 Vol. 49 Issue 3 Pages 589–614.

Cost Saving and the Freezing of Corporate Pension Plans

Joshua D. Rauh, Irina Stefanescu, Stephen P. Zeldes

Journal of Public Economics August2020 Vol. 188

Disguised Corruption: Evidence from Consumer Credit in China

Sumit Agarwal, Wenlan Qian, Amit Seru, Jian Zhang

Journal of Financial Economics August2020 Vol. 137 Issue 2 Pages 430–450.

Gravity in the Exchange Rate Factor Structure

Hanno Lustig, Robert Richmond

Review of Financial Studies August2020 Vol. 33 Issue 8 Pages 3492–3540.

Learning From Disagreement in the U.S. Treasury Bond Market

Marco Giacoletti, Kristoffer T. Laursen, Kenneth J. Singleton

Journal of Finance July2020

Reply to “Rational Bubbles in UK Housing Markets”

Stefano Giglio, Matteo Maggiori, Johannes Stroebel

Econometrica July2020 Vol. 88 Issue 4 Pages 1767–1770.

The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes

Zhuo Chen, Zhiguo He, Chun Liu

Journal of Financial Economics July2020 Vol. 137 Issue 1 Pages 42–71.

A Primer on Restructuring Your Company’s Finances

Mike Harmon

Harvard Business Review June92020

Why Are Exchange Rates So Smooth? A Household Finance Explanation

YiLi Chien, Hanno Lustig, Kanda Naknoi

Journal of Monetary Economics June2020 Vol. 112 Pages 129-144.

Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model

Juliane Begenau

Journal of Financial Economics May2020 Vol. 136 Issue 2 Pages 355–378.

Subsidizing Liquidity with Wider Ticks: Evidence from the Tick Size Pilot Study

Robert P. Bartlett, Justin McCrary

Journal of Empirical Legal Studies May2020

When a Pandemic Collides with a Leveraged Economy

Mike Harmon, Victoria Ivashina

VoxEU.org April292020

Managing the Liquidity Crisis

Mike Harmon, Victoria Ivashina

Harvard Business Review April92020