NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in JEL Code G0: General

2016
w22874 Claudia M. Buch
Linda Goldberg

Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network
w22890 Harrison Hong
Frank Weikai Li
Jiangmin Xu

Climate Risks and Market Efficiency
w22890 Harrison Hong
Frank Weikai Li
Jiangmin Xu

Climate Risks and Market Efficiency
w22891 Jon Cohen
Kinda Cheryl Hachem
Gary Richardson

Relationship Lending and the Great Depression: Measurement and New Implications
w22868 Enrique G. Mendoza
Macroprudential Policy: Promise and Challenges
w22837 Joseph E. Stiglitz
The Theory of Credit and Macro-economic Stability
w22795 Kent D. Daniel
Robert B. Litterman
Gernot Wagner

Applying Asset Pricing Theory to Calibrate the Price of Climate Risk
w22787 Gary Gorton
Guillermo Ordoñez

Fighting Crises
w22753 Anthony Heyes
Matthew Neidell
Soodeh Saberian

The Effect of Air Pollution on Investor Behavior: Evidence from the S&P 500
w22742 Benjamin J. Keys
Jialan Wang

Minimum Payments and Debt Paydown in Consumer Credit Cards
w22689 Antonio Falato
David Scharfstein

The Stock Market and Bank Risk-Taking
w22695 Matthew Baron
Wei Xiong

Credit Expansion and Neglected Crash Risk
w22695 Matthew Baron
Wei Xiong

Credit Expansion and Neglected Crash Risk
w22638 Marco Di Maggio
Amir Kermani
Christopher Palmer

How Quantitative Easing Works: Evidence on the Refinancing Channel
w22619 Gary Gorton
Tyler Muir

Mobile Collateral versus Immobile Collateral
w22605 Francis Larson
John A. List
Robert D. Metcalfe

Can Myopic Loss Aversion Explain the Equity Premium Puzzle? Evidence from a Natural Field Experiment with Professional Traders
w22527 Hengjie Ai
Ravi Bansal

Risk Preferences and The Macro Announcement Premium
w22527 Hengjie Ai
Ravi Bansal

Risk Preferences and The Macro Announcement Premium
w22529 Ravi Bansal
Dana Kiku
Marcelo Ochoa

Price of Long-Run Temperature Shifts in Capital Markets
w22533 Markus K. Brunnermeier
Yuliy Sannikov

The I Theory of Money
w22509 Pablo D'Erasmo
Enrique G. Mendoza

Optimal Domestic (and External) Sovereign Default
w22366 Kenneth Froot
Namho Kang
Gideon Ozik
Ronnie Sadka

What Do Measures of Real-time Corporate Sales Tell Us about Earnings Surprises and Post-Announcement Returns?
w22360 Hong Ru
Antoinette Schoar

Do Credit Card Companies Screen for Behavioral Biases?
w22332 Marco Di Maggio
Amir Kermani
Zhaogang Song

The Value of Trading Relationships in Turbulent Times
w22335 Yusuf Soner Baskaya
Sebnem Kalemli-Ozcan

Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake
w22335 Yusuf Soner Baskaya
Sebnem Kalemli-Ozcan

Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake
w22343 Markus K. Brunnermeier
Yuliy Sannikov

Macro, Money and Finance: A Continuous Time Approach
w22264 Stephanie Schmitt-Grohé
Martín Uribe

Multiple Equilibria in Open Economy Models with Collateral Constraints: Overborrowing Revisited
w22266 Pedro Bordalo
Nicola Gennaioli
Andrei Shleifer

Diagnostic Expectations and Credit Cycles
w22266 Pedro Bordalo
Nicola Gennaioli
Andrei Shleifer

Diagnostic Expectations and Credit Cycles
w22247 Itzhak Ben-David
Francesco Franzoni
Rabih Moussawi
John Sedunov

The Granular Nature of Large Institutional Investors
w22208 Alan Moreira
Tyler Muir

Volatility Managed Portfolios
w22209 Jeffrey Hoopes
Patrick Langetieg
Stefan Nagel
Daniel Reck
Joel Slemrod
Bryan Stuart

Who Sold During the Crash of 2008-9? Evidence from Tax-Return Data on Daily Sales of Stock
w22212 Saki Bigio
Jennifer La’O

Financial Frictions in Production Networks
w22143 William N. Goetzmann
Dasol Kim
Robert J. Shiller

Crash Beliefs From Investor Surveys
w22143 William N. Goetzmann
Dasol Kim
Robert J. Shiller

Crash Beliefs From Investor Surveys
w22146 Itzhak Ben-David
Justin Birru
Viktor Prokopenya

Uninformative Feedback and Risk Taking: Evidence from Retail Forex Trading
w22148 Efraim Benmelech
Ralf R. Meisenzahl
Rodney Ramcharan

The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles
w22153 Ross Levine
Chen Lin
Wensi Xie

Corporate Resilience to Banking Crises: The Roles of Trust and Trade Credit
w22161 Zhi Da
Borja Larrain
Clemens Sialm
José Tessada

Coordinated Noise Trading: Evidence from Pension Fund Reallocations
w22089 Rüdiger Fahlenbrach
Robert Prilmeier
René M. Stulz

Why Does Fast Loan Growth Predict Poor Performance for Banks?
w22074 Kris James Mitchener
Gary Richardson

Network Contagion and Interbank Amplification during the Great Depression
w22053 Douglas W. Diamond
Anil K Kashyap

Liquidity Requirements, Liquidity Choice and Financial Stability
w22059 Michael D. Bordo
Christopher M. Meissner

Fiscal and Financial Crises
w22017 Zhiguo He
Arvind Krishnamurthy
Konstantin Milbradt

What Makes US Government Bonds Safe Assets?
w22026 Daniel Chen
Tobias J. Moskowitz
Kelly Shue

Decision-Making under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires
w22034 Fabio Schiantarelli
Massimiliano Stacchini
Philip E. Strahan

Bank Quality, Judicial Efficiency and Borrower Runs: Loan Repayment Delays in Italy
w22045 Stefano Giglio
Bryan Kelly

Excess Volatility: Beyond Discount Rates
w22006 Gaetano Gaballo
Ramon Marimon

Breaking the Spell with Credit-Easing: Self-Confirming Credit Crises in Competitive Search Economies
w22008 Gary Gorton
Guillermo Ordoñez

Good Booms, Bad Booms
w21993 Markus K. Brunnermeier
Luis Garicano
Philip Lane
Marco Pagano
Ricardo Reis
Tano Santos
David Thesmar
Stijn Van Nieuwerburgh
Dimitri Vayanos

The Sovereign-Bank Diabolic Loop and ESBies
w21958 Carmen M. Reinhart
Vincent Reinhart
Christoph Trebesch

Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015
w21945 Kent Daniel
David Hirshleifer

Overconfident Investors, Predictable Returns, and Excessive Trading
w21944 Nicholas Barberis
Robin Greenwood
Lawrence Jin
Andrei Shleifer

Extrapolation and Bubbles
w21902 Lars E.O. Svensson
Cost-Benefit Analysis of Leaning Against the Wind: Are Costs Larger Also with Less Effective Macroprudential Policy?
w21919 Zhiguo He
Konstantin Milbradt

Dynamic Debt Maturity
w21919 Zhiguo He
Konstantin Milbradt

Dynamic Debt Maturity
w21920 Zhiguo He
Bryan Kelly
Asaf Manela

Intermediary Asset Pricing: New Evidence from Many Asset Classes
w21871 Robert J. Barro
Tao Jin

Rare Events and Long-Run Risks
w21848 Xavier Gabaix
Behavioral Macroeconomics Via Sparse Dynamic Programming
2015
w21805 Carmen M. Reinhart
Christoph Trebesch

The International Monetary Fund: 70 Years of Reinvention
w21803 Sydney C. Ludvigson
Sai Ma
Serena Ng

Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?
w21804 Andrea Eisfeldt
Andrew Demers

Rental Yields and HPA: The Returns to Single Family Rentals
w21734 Charles Yuji Horioka
Akiko Terada-Hagiwara
Takaaki Nomoto

Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited
w21693 William N. Goetzmann
Bubble Investing: Learning from History
w21664 Carmen M. Reinhart
Christoph Trebesch

The Pitfalls of External Dependence: Greece, 1829-2015
w21670 Ricardo J. Caballero
Emmanuel Farhi
Pierre-Olivier Gourinchas

Global Imbalances and Currency Wars at the ZLB.
w21673 Joseph S. Briggs
David Cesarini
Erik Lindqvist
Robert Östling

Windfall Gains and Stock Market Participation
w21626 Vadim Elenev
Tim Landvoigt
Stijn Van Nieuwerburgh

Phasing Out the GSEs
w21611 Leonardo Bursztyn
Stefano Fiorin
Daniel Gottlieb
Martin Kanz

Moral Incentives: Experimental Evidence from Repayments of an Islamic Credit Card
w21581 Atif R. Mian
Amir Sufi
Emil Verner

Household Debt and Business Cycles Worldwide
w21584 Yacine Aït-Sahalia
Dacheng Xiu

Principal Component Analysis of High Frequency Data
w21563 Nicolae B. Gârleanu
Lasse H. Pedersen

Efficiently Inefficient Markets for Assets and Asset Management
w21567 Sumit Agarwal
Souphala Chomsisengphet
Neale Mahoney
Johannes Stroebel

Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow?
w21533 Robert F. Stambaugh
Yu Yuan

Mispricing Factors
w21486 Òscar Jordà
Moritz Schularick
Alan M. Taylor

Leveraged Bubbles
w21444 Joseph E. Stiglitz
Towards a General Theory of Deep Downturns
w21445 Tarek Alexander Hassan
Thomas Mertens
Tony Zhang

Not so Disconnected: Exchange Rates and the Capital Stock
w21449 Mila Getmansky
Peter A. Lee
Andrew W. Lo

Hedge Funds: A Dynamic Industry In Transition
w21421 Adrian Buss
Bernard Dumas

Trading Fees and Slow-Moving Capital
w21409 Sandra E. Black
Paul J. Devereux
Petter Lundborg
Kaveh Majlesi

Poor Little Rich Kids? The Determinants of the Intergenerational Transmission of Wealth
w21328 Fernando Alvarez
Gadi Barlevy

Mandatory Disclosure and Financial Contagion
w21334 Juliane Begenau
Monika Piazzesi
Martin Schneider

Banks' Risk Exposures
w21341 Eugene N. White
Protecting Financial Stability in the Aftermath of World War I: The Federal Reserve Bank of Atlanta's Dissenting Policy
w21350 Carmen M. Reinhart
The Antecedents and Aftermath of Financial Crises as told by Carlos F. Díaz Alejandro
w21356 Anders Anderson
Forest Baker
David T. Robinson

Precautionary Savings, Retirement Planning and Misperceptions of Financial Literacy
w21305 Florentin Butaru
QingQing Chen
Brian Clark
Sanmay Das
Andrew W. Lo
Akhtar Siddique

Risk and Risk Management in the Credit Card Industry
w21294 Jess Benhabib
Xuewen Liu
Pengfei Wang

Sentiments, Financial Markets, and Macroeconomic Fluctuations
w21258 Robert C. Merton
Richard T. Thakor

Customers and Investors: A Framework for Understanding Financial Institutions
w21261 Fernando Ferreira
Joseph Gyourko

A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012
w21267 Andrew W. Lo
The Gordon Gekko Effect: The Role of Culture in the Financial Industry
w21214 Camelia M. Kuhnen
Andrei C. Miu

Socioeconomic Status and Learning from Financial Information
w21215 Harrison Hong
Inessa Liskovich

Crime, Punishment and the Halo Effect of Corporate Social Responsibility
w21224 Erik Eyster
Matthew Rabin
Dimitri Vayanos

Financial Markets where Traders Neglect the Informational Content of Prices
w21201 Miguel Faria-e-Castro
Joseba Martinez
Thomas Philippon

Runs versus Lemons: Information Disclosure and Fiscal Capacity
w21108 Robert L. McDonald
Anna Paulson

AIG in Hindsight
w21075 Chunxin Jia
Yaping Wang
Wei Xiong

Social Trust and Differential Reactions of Local and Foreign Investors to Public News
w21056 Francesco Bianchi
Rare Events, Financial Crises, and the Cross-Section of Asset Returns
w21037 Edward L. Glaeser
Charles G. Nathanson

An Extrapolative Model of House Price Dynamics
w21039 Alan M. Taylor
Credit, Financial Stability, and the Macroeconomy
w21021 Christina D. Romer
David H. Romer

New Evidence on the Impact of Financial Crises in Advanced Countries
w21026 Juan Carlos Conesa
Timothy J. Kehoe

Gambling for Redemption and Self-Fulfilling Debt Crises
w21000 Austan D. Goolsbee
Alan B. Krueger

A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler
w20968 Denis Gromb
Dimitri Vayanos

The Dynamics of Financially Constrained Arbitrage
w20974 Harrison Hong
Áureo de Paula
Vishal Singh

Hoard Behavior and Commodity Bubbles
w20956 Sule Alan
Mehmet Cemalcılar
Dean Karlan
Jonathan Zinman

Unshrouding Effects on Demand for a Costly Add-on: Evidence from Bank Overdrafts in Turkey
w20963 Stefano Giglio
Bryan T. Kelly
Seth Pruitt

Systemic Risk and the Macroeconomy: An Empirical Evaluation
w20931 Daron Acemoglu
Asuman Ozdaglar
Alireza Tahbaz-Salehi

Networks, Shocks, and Systemic Risk
w20947 Atif R. Mian
Amir Sufi

Fraudulent Income Overstatement on Mortgage Applications during the Credit Expansion of 2002 to 2005
w20894 Luigi Zingales
Does Finance Benefit Society?
w20875 Nicola Gennaioli
Andrei Shleifer
Robert Vishny

Neglected Risks: The Psychology of Financial Crises
w20875 Nicola Gennaioli
Andrei Shleifer
Robert Vishny

Neglected Risks: The Psychology of Financial Crises
w20848 Manuel Adelino
Antoinette Schoar
Felipe Severino

Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class
w20848 Manuel Adelino
Antoinette Schoar
Felipe Severino

Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class
w20860 Kristin Forbes
Marcel Fratzscher
Roland Straub

Capital Flow Management Measures: What Are They Good For?
w20834 Miles S. Kimball
Cognitive Economics
2014
w20762 Patrick Bayer
Fernando Ferreira
Stephen L. Ross

Race, Ethnicity and High-Cost Mortgage Lending
w20771 Òscar Jordà
Moritz HP. Schularick
Alan M. Taylor

Betting the House
w20776 Christopher L. Culp
Yoshio Nozawa
Pietro Veronesi

Option-Based Credit Spreads
w20777 Sergey Chernenko
Samuel G. Hanson
Adi Sunderam

The Rise and Fall of Demand for Securitizations
w20737 Frederic S. Mishkin
Eugene N. White

Unprecedented Actions: The Federal Reserve's Response to the Global Financial Crisis in Historical Perspective
w20738 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions
w20746 Julien Hugonnier
Benjamin Lester
Pierre-Olivier Weill

Heterogeneity in Decentralized Asset Markets
w20704 Michael Greenstone
Alexandre Mas
Hoai-Luu Nguyen

Do Credit Market Shocks affect the Real Economy? Quasi-Experimental Evidence from the Great Recession and 'Normal' Economic Times
w20660 Benjamin Chabot
Eric Ghysels
Ravi Jagannathan

Momentum Trading, Return Chasing, and Predictable Crashes
w20660 Benjamin Chabot
Eric Ghysels
Ravi Jagannathan

Momentum Trading, Return Chasing, and Predictable Crashes
w20660 Benjamin Chabot
Eric Ghysels
Ravi Jagannathan

Momentum Trading, Return Chasing, and Predictable Crashes
w20660 Benjamin Chabot
Eric Ghysels
Ravi Jagannathan

Momentum Trading, Return Chasing, and Predictable Crashes
w20638 Hui Chen
Rui Cui
Zhiguo He
Konstantin Milbradt

Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle
w20642 Jess Benhabib
Feng Dong
Pengfei Wang

Adverse Selection and Self-fulfilling Business Cycles
w20651 Zhi Da
Ravi Jagannathan
Jianfeng Shen

Growth Expectations, Dividend Yields, and Future Stock Returns
w20592 Campbell R. Harvey
Yan Liu
Heqing Zhu

. . . and the Cross-Section of Expected Returns
w20567 Brent Glover
Seth Richards-Shubik

Contagion in the European Sovereign Debt Crisis
w20517 Joseph E. Stiglitz
Reconstructing Macroeconomic Theory to Manage Economic Policy
w20442 Andrea L. Eisfeldt
Tyler Muir

Aggregate External Financing and Savings Waves
w20501 Òscar Jordà
Moritz Schularick
Alan M. Taylor

The Great Mortgaging: Housing Finance, Crises, and Business Cycles
w20496 Jonathan Zinman
Household Debt: Facts, Puzzles, Theories, and Policies
w20496 Jonathan Zinman
Household Debt: Facts, Puzzles, Theories, and Policies
w20490 Javier Bianchi
Saki Bigio

Banks, Liquidity Management and Monetary Policy
w20459 Asaf Bernstein
Eric Hughson
Marc D. Weidenmier

Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse
w20459 Asaf Bernstein
Eric Hughson
Marc D. Weidenmier

Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse
w20468 Matthias Efing
Harald Hau
Patrick Kampkötter
Johannes Steinbrecher

Incentive Pay and Bank Risk-Taking: Evidence from Austrian, German, and Swiss Banks
w20416 Andrew G. Atkeson
Andrea L. Eisfeldt
Pierre-Olivier Weill

Entry and Exit in OTC Derivatives Markets
w20435 Jonathan B. Berk
Jules H. van Binsbergen

Assessing Asset Pricing Models Using Revealed Preference
w20435 Jonathan B. Berk
Jules H. van Binsbergen

Assessing Asset Pricing Models Using Revealed Preference
w20440 William Goetzmann
Elena Mamonova
Christophe Spaenjers

The Economics of Aesthetics and Three Centuries of Art Price Records
w20445 Anna Orlik
Laura Veldkamp

Understanding Uncertainty Shocks and the Role of Black Swans
w20394 Lars Peter Hansen
Uncertainty Outside and Inside Economic Models
w20346 Helios Herrera
Guillermo Ordoñez
Christoph Trebesch

Political Booms, Financial Crises
w20347 Christopher A. Parsons
Johan Sulaeman
Sheridan Titman

The Geography of Financial Misconduct
w20360 Danny Yagan
Riding the Bubble? Chasing Returns into Illiquid Assets
w20335 Alan Moreira
Alexi Savov

The Macroeconomics of Shadow Banking
w20278 Asli Demirgüç-Kunt
Edward J. Kane
Luc Laeven

Deposit Insurance Database
w20298 Lorenz Kueng
Evgeny Yakovlev

How Persistent Are Consumption Habits? Micro-Evidence from Russia
w20268 Bruce I. Carlin
Li Jiang
Stephen A. Spiller

Learning Millennial-Style
w20209 Jaroslav Borovička
Lars P. Hansen
José A. Scheinkman

Misspecified Recovery
w20165 Anil K Kashyap
Dimitrios P. Tsomocos
Alexandros P. Vardoulakis

How does macroprudential regulation change bank credit supply?
w20152 Atif Mian
Amir Sufi

House Price Gains and U.S. Household Spending from 2002 to 2006
w20154 Stefano Giglio
Matteo Maggiori
Johannes Stroebel

No-Bubble Condition: Model-free Tests in Housing Markets
w20110 George M. Constantinides
Anisha Ghosh

Asset Pricing with Countercyclical Household Consumption Risk
w20083 Pierre-Cyrille Hautcoeur
Angelo Riva
Eugene N. White

Floating a "Lifeboat": The Banque de France and the Crisis of 1889
w20075 Tomas Philipson
Ralph Koijen
Harald Uhlig

Financial Health Economics
w20027 Gary B. Gorton
Andrew Metrick
Lei Xie

The Flight from Maturity
w19984 Nicole Boyson
Rüdiger Fahlenbrach
René M. Stulz

Why Do Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust Preferred Securities
w19986 Werner Erhard
Michael C. Jensen

Putting integrity Into Finance: A Purely Positive Approach
w19957 Peter Koudijs
Hans-Joachim Voth

Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending
w19957 Peter Koudijs
Hans-Joachim Voth

Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending
w19958 Roger Farmer
Asset Prices in a Lifecycle Economy
w19945 Sumit Agarwal
Itzhak Ben-David

Loan Prospecting and the Loss of Soft Information
w19909 Juan Carlos Conesa
Timothy J. Kehoe

Is It Too Late to Bail Out the Troubled Countries in the Eurozone?
w19931 Péter Kondor
Dimitri Vayanos

Liquidity Risk and the Dynamics of Arbitrage Capital
w19885 Zhiguo He
Arvind Krishnamurthy

A Macroeconomic Framework for Quantifying Systemic Risk
w19834 Alexander Ljungqvist
Wenlan Qian

How Constraining Are Limits to Arbitrage? Evidence from a Recent Financial Innovation
w19798 Hyun-Soo Choi
Harrison Hong
Jeffrey Kubik
Jeffrey P. Thompson

When Real Estate is the Only Game in Town
w19809 Kathy Fogel
Liping Ma
Randall Morck

Powerful Independent Directors
w19818 Daniel L. Greenwald
Martin Lettau
Sydney C. Ludvigson

Origins of Stock Market Fluctuations
w19823 Carmen M. Reinhart
Kenneth S. Rogoff

Recovery from Financial Crises: Evidence from 100 Episodes
w19791 Matthieu Bussière
Gong Cheng
Menzie D. Chinn
Noëmie Lisack

For a Few Dollars More: Reserves and Growth in Times of Crises
2013
w19773 Viral V. Acharya
Bruce Tuckman

Unintended Consequences of LOLR Facilities: The Case of Illiquid Leverage
w19701 Daron Acemoglu
Simon Johnson
Amir Kermani
James Kwak
Todd Mitton

The Value of Connections in Turbulent Times: Evidence from the United States
w19704 Javier Bianchi
Enrique G. Mendoza

Optimal Time-Consistent Macroprudential Policy
w19705 Pierre Collin-Dufresne
Michael Johannes
Lars A. Lochstoer

Parameter Learning in General Equilibrium: The Asset Pricing Implications
w19705 Pierre Collin-Dufresne
Michael Johannes
Lars A. Lochstoer

Parameter Learning in General Equilibrium: The Asset Pricing Implications
w19707 Viral V. Acharya
Hanh Le
Hyun Song Shin

Bank Capital and Dividend Externalities
w19671 Andrés Fernández
Alessandro Rebucci
Martín Uribe

Are Capital Controls Prudential? An Empirical Investigation
w19633 William Gornall
Ilya A. Strebulaev

Financing as a Supply Chain: The Capital Structure of Banks and Borrowers
w19642 Ing-Haw Cheng
Wei Xiong

The Financialization of Commodity Markets
w19650 Alessandro Beber
Michael W. Brandt
Maurizio Luisi

Distilling the Macroeconomic News Flow
w19652 Carmen M. Reinhart
Takeshi Tashiro

Crowding Out Redefined: The Role of Reserve Accumulation
w19655 Carmen M. Reinhart
Asia Chartbook: Crises, Credit and Debt, 1835-2013
w19619 Pierre Collin-Dufresne
Vyacheslav Fos

Moral Hazard, Informed Trading, and Stock Prices
w19594 Thomas F. Cooley
Ramon Marimon
Vincenzo Quadrini

Risky Investments with Limited Commitment
w19606 Sumit Agarwal
Itzhak Ben-David
Vincent Yao

Collateral Valuation and Borrower Financial Constraints: Evidence from the Residential Real Estate Market
w19606 Sumit Agarwal
Itzhak Ben-David
Vincent Yao

Collateral Valuation and Borrower Financial Constraints: Evidence from the Residential Real Estate Market
w19569 Clemens Sialm
Laura Starks
Hanjiang Zhang

Defined Contribution Pension Plans: Sticky or Discerning Money?
w19570 Clemens Sialm
Zheng Sun
Lu Zheng

Home Bias and Local Contagion: Evidence from Funds of Hedge Funds
w19540 Gary Gorton
The Development of Opacity in U.S. Banking
w19541 Larry G. Epstein
Emmanuel Farhi
Tomasz Strzalecki

How Much Would You Pay to Resolve Long-Run Risk?
w19548 Cristina Arellano
Yan Bai

Linkages across Sovereign Debt Markets
w19514 Markus K. Brunnermeier
Martin Oehmke

Predatory Short Selling
w19467 Patrick Bolton
Xavier Freixas
Leonardo Gambacorta
Paolo Emilio Mistrulli

Relationship and Transaction Lending in a Crisis
w19484 Sumit Agarwal
Souphala Chomsisengphet
Neale Mahoney
Johannes Stroebel

Regulating Consumer Financial Products: Evidence from Credit Cards
w19484 Sumit Agarwal
Souphala Chomsisengphet
Neale Mahoney
Johannes Stroebel

Regulating Consumer Financial Products: Evidence from Credit Cards
w19429 Lauren Cohen
Dong Lou
Christopher Malloy

Playing Favorites: How Firms Prevent the Revelation of Bad News
w19432 Ing-Haw Cheng
Harrison Hong
Kelly Shue

Do Managers Do Good with Other People's Money?
w19416 Ian Dew-Becker
Stefano Giglio

Asset Pricing in the Frequency Domain: Theory and Empirics
w19375 Bryan Kelly
Hao Jiang

Tail Risk and Asset Prices
w19381 Nicolae Gârleanu
Stavros Panageas
Jianfeng Yu

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion
w19389 Arvind Krishnamurthy
Stefan Nagel

Interpreting Repo Statistics in the Flow of Funds Accounts
w19392 James Andreoni
Michael A. Kuhn
Charles Sprenger

On Measuring Time Preferences
w19290 Yen-cheng Chang
Harrison Hong
Inessa Liskovich

Regression Discontinuity and the Price Effects of Stock Market Indexing
w19299 Lily Fang
Victoria Ivashina
Josh Lerner

The Disintermediation of Financial Markets: Direct Investing in Private Equity
w19300 Lily Fang
Victoria Ivashina
Josh Lerner

Combining Banking with Private Equity Investing
w19246 Robin Greenwood
Samuel Hanson

Waves in Ship Prices and Investment
w19240 Pierre-Olivier Gourinchas
Hélène Rey

External Adjustment, Global Imbalances and Valuation Effects
w19207 Nicolas Petrosky-Nadeau
Lu Zhang

Unemployment Crises
w19168 Jeffrey R. Brown
Arie Kapteyn
Erzo F.P. Luttmer
Olivia S. Mitchell

Cognitive Constraints on Valuing Annuities
w19189 Nicholas Barberis
Robin Greenwood
Lawrence Jin
Andrei Shleifer

X-CAPM: An Extrapolative Capital Asset Pricing Model
w19139 Harry DeAngelo
René M. Stulz

Why High Leverage is Optimal for Banks
w19146 Rajnish Mehra
Asset Pricing Implications of Macroeconomic Interventions An Application to Climate Policy
w19125 Joshua Aizenman
Mahir Binici
Michael M. Hutchison

Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis
w19132 Russell Cooper
Hubert Kempf

Deposit Insurance and Orderly Liquidation without Commitment: Can we Sleep Well?
w19103 Robin L. Lumsdaine
Rogier J.D. Potter van Loon

Wall Street vs. Main Street: An Evaluation of Probabilities
w19093 Franziska Bremus
Claudia Buch
Katheryn Russ
Monika Schnitzer

Big Banks and Macroeconomic Outcomes: Theory and Cross-Country Evidence of Granularity
w19050 Rajkamal Iyer
Manju Puri
Nicholas Ryan

Do Depositors Monitor Banks?
w19051 Tobias Berg
Manju Puri
Jorg Rocholl

Loan officer Incentives and the Limits of Hard Information
w19039 Viral V. Acharya
Sascha Steffen

The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks
w19018 Malcolm Baker
Jeffrey Wurgler

Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly
w19022 Guillermo Ordonez
Sustainable Shadow Banking
w18968 Viral V. Acharya
Robert Engle
Diane Pierret

Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights
w18944 John H. Cochrane
Finance: Function Matters, not Size.
w18946 Martin Čihák
Asli Demirgüč-Kunt
Erik Feyen
Ross Levine

Financial Development in 205 Economies, 1960 to 2010
w18946 Martin Čihák
Asli Demirgüč-Kunt
Erik Feyen
Ross Levine

Financial Development in 205 Economies, 1960 to 2010
w18904 Ing-Haw Cheng
Sahil Raina
Wei Xiong

Wall Street and the Housing Bubble
w18905 Wei Xiong
Bubbles, Crises, and Heterogeneous Beliefs
w18905 Wei Xiong
Bubbles, Crises, and Heterogeneous Beliefs
w18912 Andrew G. Atkeson
Andrea L. Eisfeldt
Pierre-Olivier Weill

The Market for OTC Derivatives
w18914 Stefano Giglio
Kelly Shue

No News is News: Do Markets Underreact to Nothing?
w18891 Viral V. Acharya
Marco Pagano
Paolo Volpin

Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent
w18868 Manuel Adelino
Antoinette Schoar
Felipe Severino

House Prices, Collateral and Self-Employment
w18814 Christopher M. Meissner
Capital Flows, Credit Booms, and Financial Crises in the Classical Gold Standard Era
w18754 Jing Wu
Yongheng Deng
Jun Huang
Randall Morck
Bernard Yeung

Incentives and Outcomes: China's Environmental Policy
w18764 Veronika K. Pool
Clemens Sialm
Irina Stefanescu

It Pays to Set the Menu: Mutual Fund Investment Options in 401(k) Plans
w18725 Jacob Boudoukh
Ronen Feldman
Shimon Kogan
Matthew Richardson

Which News Moves Stock Prices? A Textual Analysis
w18727 Daron Acemoglu
Asuman Ozdaglar
Alireza Tahbaz-Salehi

Systemic Risk and Stability in Financial Networks
w18732 Gary B. Gorton
Guillermo Ordoñez

The Supply and Demand for Safe Assets
w18737 Ricardo J. Caballero
Emmanuel Farhi

A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy
w18686 Robin Greenwood
Andrei Shleifer

Expectations of Returns and Expected Returns
w18670 Itay Goldstein
Assaf Razin

Three Branches of Theories of Financial Crises
2012
w18644 Ricardo J. Caballero
Joseph B. Doyle

Carry Trade and Systemic Risk: Why are FX Options so Cheap?
w18647 Roger E.A. Farmer
Carine Nourry
Alain Venditti

The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World
w18611 Gary Gorton
Andrew Metrick

Securitization
w18621 Nicholas C. Barberis
Thirty Years of Prospect Theory in Economics: A Review and Assessment
w18601 Daniel Gottlieb
Kent Smetters

Narrow Framing and Life Insurance
w18609 Sumit Agarwal
Efraim Benmelech
Nittai Bergman
Amit Seru

Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
w18554 Stefan Nagel
Empirical Cross-Sectional Asset Pricing
w18555 Zhi Da
Ravi Jagannathan
Jianfeng Shen

Building Castles in the Air: Evidence from Industry IPO Waves
w18558 Andrea Frazzini
Lasse H. Pedersen

Embedded Leverage
w18562 Cary Frydman
Nicholas Barberis
Colin Camerer
Peter Bossaerts
Antonio Rangel

Using Neural Data to Test a Theory of Investor Behavior: An Application to Realization Utility
w18560 Robert F. Stambaugh
Jianfeng Yu
Yu Yuan

Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle
w18537 Robin Greenwood
Augustin Landier
David Thesmar

Vulnerable Banks
w18547 Harrison Hong
David Sraer

Quiet Bubbles
w18548 Harrison Hong
David Sraer

Speculative Betas
w18528 Victoria Ivashina
David S. Scharfstein
Jeremy C. Stein

Dollar Funding and the Lending Behavior of Global Banks
w18510 Jonathan A. Parker
LEADS on Macroeconomic Risks to and from the Household Sector
w18513 Zhiguo He
Asaf Manela

Information Acquisition in Rumor Based Bank Runs
w18465 Kristin Forbes
The "Big C": Identifying Contagion
w18450 Frederico Belo
Pierre Collin-Dufresne
Robert S. Goldstein

Endogenous Dividend Dynamics and the Term Structure of Dividend Strips
w18450 Frederico Belo
Pierre Collin-Dufresne
Robert S. Goldstein

Endogenous Dividend Dynamics and the Term Structure of Dividend Strips
w18451 Pierre Collin-Dufresne
Vyacheslav Fos

Insider Trading, Stochastic Liquidity and Equilibrium Prices
w18451 Pierre Collin-Dufresne
Vyacheslav Fos

Insider Trading, Stochastic Liquidity and Equilibrium Prices
w18452 Pierre Collin-Dufresne
Vyacheslav Fos

Do prices reveal the presence of informed trading?
w18452 Pierre Collin-Dufresne
Vyacheslav Fos

Do prices reveal the presence of informed trading?
w18455 Gary B. Gorton
Andrew Metrick

Who Ran on Repo?
w18427 Charles W. Calomiris
Joseph R. Mason
Marc Weidenmier
Katherine Bobroff

The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s
w18408 Zhiguo He
Konstantin Milbradt

Endogenous Liquidity and Defaultable Bonds
w18398 Markus K. Brunnermeier
Martin Oehmke

Bubbles, Financial Crises, and Systemic Risk
w18398 Markus K. Brunnermeier
Martin Oehmke

Bubbles, Financial Crises, and Systemic Risk
w18397 Gary B. Gorton
Some Reflections on the Recent Financial Crisis
w18357 Ravi Bansal
Ivan Shaliastovich

A Long-Run Risks Explanation of Predictability Puzzles in Bond and Currency Markets
w18358 Michael J. Fishman
Jonathan A. Parker

Valuation, Adverse Selection, and Market Collapses
w18335 Tobias Adrian
Paolo Colla
Hyun Song Shin

Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
w18304 Efraim Benmelech
An Empirical Analysis of the Fed's Term Auction Facility
w18321 Ralph S.J. Koijen
Motohiro Yogo

The Cost of Financial Frictions for Life Insurers
w18329 Kristin J. Forbes
Francis E. Warnock

Debt- and Equity-Led Capital Flow Episodes
w18291 Lauren Cohen
Karl B. Diether
Christopher Malloy

Legislating Stock Prices
w18274 Nicolas Berman
José De Sousa
Philippe Martin
Thierry Mayer

Time to Ship During Financial Crises
w18251 Dimitri Vayanos
Jiang Wang

Market Liquidity -- Theory and Empirical Evidence
w18263 Florian Heider
Alexander Ljungqvist

As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from Exogenous State Tax Changes
w18264 Carola Frydman
Eric Hilt
Lily Y. Zhou

Economic Effects of Runs on Early 'Shadow Banks': Trust Companies and the Impact of the Panic of 1907
w18241 Leonardo Bursztyn
Florian Ederer
Bruno Ferman
Noam Yuchtman

Understanding Peer Effects in Financial Decisions: Evidence from a Field Experiment
w18169 Kent Daniel
Ravi Jagannathan
Soohun Kim

Tail Risk in Momentum Strategy Returns
w18141 Paul Gompers
Vladimir Mukharlyamov
Yuhai Xuan

The Cost of Friendship
w18102 Markus K. Brunnermeier
Thomas M. Eisenbach
Yuliy Sannikov

Macroeconomics with Financial Frictions: A Survey
w18104 Ravi Bansal
Dana Kiku
Ivan Shaliastovich
Amir Yaron

Volatility, the Macroeconomy and Asset Prices
w18104 Ravi Bansal
Dana Kiku
Ivan Shaliastovich
Amir Yaron

Volatility, the Macroeconomy and Asset Prices
w18112 Edward L. Glaeser
The Political Risks of Fighting Market Failures: Subversion, Populism and the Government Sponsored Enterprises
w18082 Christopher L. Foote
Kristopher S. Gerardi
Paul S. Willen

Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis
w18082 Christopher L. Foote
Kristopher S. Gerardi
Paul S. Willen

Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis
w18052 Kristin Forbes
Marcel Fratzscher
Thomas Kostka
Roland Straub

Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls
w18057 Tarek Alexander Hassan
Country Size, Currency Unions, and International Asset Returns
w18063 Robert Novy-Marx
Pseudo-Predictability in Conditional Asset Pricing Tests: Explaining Anomaly Performance with Politics, the Weather, Global Warming, Sunspots, and the Stars
w18043 Armen Hovakimian
Edward J. Kane
Luc Laeven

Tracking Variation in Systemic Risk at US Banks During 1974-2013
w18013 Franklin Allen
Elena Carletti
Robert Cull
Jun Qian
Lemma Senbet
Patricio Valenzuela

Resolving the African Financial Development Gap: Cross-Country Comparisons and a Within-Country Study of Kenya
w18027 Raghuram Rajan
Rodney Ramcharan

The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s.
w18024 Ulrike Malmendier
Enrico Moretti
Florian S. Peters

Winning by Losing: Evidence on the Long-Run Effects of Mergers
w17935 Zhiguo He
Wei Xiong

Debt Financing in Asset Markets
w17941 Carmen M. Reinhart
A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises
w17942 David T. Robinson
Berk A. Sensoy

Do Private Equity Managers Earn Their Fees? Compensation, Ownership, and Cash Flow Performance
w17945 Steven Grenadier
Andrey Malenko
Ilya A. Strebulaev

Investment Busts, Reputation, and the Temptation to Blend in with the Crowd
w17929 Sendhil Mullainathan
Markus Noeth
Antoinette Schoar

The Market for Financial Advice: An Audit Study
w17921 Ing-Haw Cheng
Andrei Kirilenko
Wei Xiong

Convective Risk Flows in Commodity Futures Markets
w17911 Olivia S. Mitchell
Stephen Utkus

Target-Date Funds in 401(k) Retirement Plans
w17904 Nikolai Roussanov
Pavel G. Savor

Status, Marriage, and Managers' Attitudes To Risk
w17868 Charles W. Calomiris
Doron Nissim

Crisis-Related Shifts in the Market Valuation of Banking Activities
w17843 James J. Choi
Emily Haisley
Jennifer Kurkoski
Cade Massey

Small Cues Change Savings Choices
w17854 Kay Giesecke
Francis A. Longstaff
Stephen Schaefer
Ilya Strebulaev

Macroeconomic Effects of Corporate Default Crises: A Long-Term Perspective
w17831 Atif R. Mian
Amir Sufi
Francesco Trebbi

Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises
w17838 Viral V. Acharya
Nada Mora

Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis
w17764 Sebastian Edwards
Is Tanzania a Success Story? A Long Term Analysis
w17768 Arvind Krishnamurthy
Stefan Nagel
Dmitry Orlov

Sizing Up Repo
w17771 Gary B. Gorton
Guillermo Ordonez

Collateral Crises
w17778 Gary B. Gorton
Andrew Metrick

Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide
2011
w17717 Gregor Matvos
Amit Seru

Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates
w17685 Dwight Jaffee
John M. Quigley

The Future of the Government Sponsored Enterprises: The Role for Government in the U.S. Mortgage Market
w17687 Joseph Fan
Randall Morck
Bernard Yeung

Capitalizing China
w17615 Marcin Kacperczyk
Stijn Van Nieuwerburgh
Laura Veldkamp

Time-Varying Fund Manager Skill
w17558 Viral V. Acharya
A Transparency Standard for Derivatives
w17574 Ravi Bansal
Marcelo Ochoa

Welfare Costs of Long-Run Temperature Shifts
w17555 Arvind Krishnamurthy
Annette Vissing-Jorgensen

The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy
w17464 Lubos Pastor
Pietro Veronesi

Political Uncertainty and Risk Premia
w17443 Alejandro Komai
Gary Richardson

A Brief History of Regulations Regarding Financial Markets in the United States: 1789 to 2009
w17422 Jakub W. Jurek
Erik Stafford

Crashes and Collateralized Lending
w17407 Joshua Aizenman
Michael M. Hutchison
Yothin Jinjarak

What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk
w17388 John R. Graham
Sonali Hazarika
Krishnamoorthy Narasimhan

Financial Distress in the Great Depression
w17401 Barry Eichengreen
Nergiz Dincer

Who Should Supervise? The Structure of Bank Supervision and the Performance of the Financial System
w17401 Barry Eichengreen
Nergiz Dincer

Who Should Supervise? The Structure of Bank Supervision and the Performance of the Financial System
w17358 Claudio Raddatz
Sergio L. Schmukler

On the International Transmission of Shocks: Micro-Evidence from Mutual Fund Portfolios
w17315 Gene Amromin
Jennifer Huang
Clemens Sialm
Edward Zhong

Complex Mortgages
w17321 Marcin Kacperczyk
Philipp Schnabl

Implicit Guarantees and Risk Taking: Evidence from Money Market Funds
w17323 Stephen A. Ross
The Recovery Theorem
w17328 Robert J. Barro
José F. Ursua

Rare Macroeconomic Disasters
w17281 Darrell Duffie
Systemic Risk Exposures: A 10-by-10-by-10 Approach
w17269 Isil Erel
Taylor D. Nadauld
René M. Stulz

Why Did U.S. Banks Invest in Highly-Rated Securitization Tranches?
w17238 Jie (Jack) He
Jun 'QJ' Qian
Philip E. Strahan

Are All Ratings Created Equal? The Impact of Issuer Size on the Pricing of Mortgage-backed Securities
w17121 Geert Bekaert
Michael Ehrmann
Marcel Fratzscher
Arnaud J. Mehl

Global Crises and Equity Market Contagion
w17149 Bryan T. Kelly
Hanno Lustig
Stijn Van Nieuwerburgh

Too-Systemic-To-Fail: What Option Markets Imply About Sector-wide Government Guarantees
w17115 Nicola Gennaioli
Andrei Shleifer
Robert W. Vishny

A Model of Shadow Banking
w17091 Pol Antràs
C. Fritz Foley

Poultry in Motion: A Study of International Trade Finance Practices
w17038 Rüdiger Fahlenbrach
Robert Prilmeier
René M. Stulz

This Time Is the Same: Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis
w16999 Rajashri Chakrabarti
Donghoon Lee
Wilbert van der Klaauw
Basit Zafar

Household Debt and Saving During the 2007 Recession
w16965 Thomas Philippon
Virgiliu Midrigan

Household Leverage and the Recession
w16965 Thomas Philippon
Virgiliu Midrigan

Household Leverage and the Recession
w16967 Manju Puri
Jörg Rocholl
Sascha Steffen

Global retail lending in the aftermath of the US financial crisis: Distinguishing between supply and demand effects
w16972 John H. Cochrane
Discount Rates
w16898 Robert F. Stambaugh
Jianfeng Yu
Yu Yuan

The Short of It: Investor Sentiment and Anomalies
w16899 Patrick Bolton
Olivier Jeanne

Sovereign Default Risk and Bank Fragility in Financially Integrated Economies
w16896 Viral V. Acharya
Irvind Gujral
Nirupama Kulkarni
Hyun Song Shin

Dividends and Bank Capital in the Financial Crisis of 2007-2009
w16883 Jeremy C. Stein
Monetary Policy as Financial-Stability Regulation
w16884 Ian Martin
Simple Variance Swaps
w16871 Yongheng Deng
Randall Morck
Jing Wu
Bernard Yeung

Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
w16801 Andrew Ang
Sergiy Gorovyy
Gregory B. van Inwegen

Hedge Fund Leverage
w16808 Patrick Bolton
Hui Chen
Neng Wang

Market Timing, Investment, and Risk Management
w16777 Nicolae Gârleanu
Lasse Heje Pedersen

Margin-Based Asset Pricing and Deviations from the Law of One Price
w16784 Patrick Bayer
Christopher Geissler
Kyle Mangum
James W. Roberts

Speculators and Middlemen: The Strategy and Performance of Investors in the Housing Market
w16787 Santiago Carbo-Valverde
Edward J. Kane
Francisco Rodriguez-Fernandez

Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession
w16766 Efraim Benmelech
Jennifer Dlugosz
Victoria Ivashina

Securitization without Adverse Selection: The Case of CLOs
w16766 Efraim Benmelech
Jennifer Dlugosz
Victoria Ivashina

Securitization without Adverse Selection: The Case of CLOs
w16755 Frederic S. Mishkin
Monetary Policy Strategy: Lessons from the Crisis
w16727 Thomas Philippon
Philipp Schnabl

Informational Rents, Macroeconomic Rents, and Efficient Bailouts
w16678 Randall Morck
Bernard Yeung

Economics, History, and Causation
2010
w16642 Andrei Shleifer
Robert W. Vishny

Fire Sales in Finance and Macroeconomics
w16609 Frederic S. Mishkin
Over The Cliff: From the Subprime to the Global Financial Crisis
w16589 Michael D. Bordo
John S. Landon-Lane

The Global Financial Crisis of 2007-08: Is it Unprecedented?
w16595 Gabriel Jiménez
Atif R. Mian
José-Luis Peydró
Jesús Saurina

Local Versus Aggregate Lending Channels: The Effects Of Securitization On Corporate Credit Supply In Spain
w16553 Priyank Gandhi
Hanno Lustig

Size Anomalies in U.S. Bank Stock Returns: A Fiscal Explanation
w16559 Charles W. Calomiris
Inessa Love
Maria Soledad Martinez Peria

Crisis "Shock Factors" and the Cross-Section of Global Equity Returns
w16534 Alessandro Beber
Michael W. Brandt
Kenneth A. Kavajecz

What Does Equity Sector Orderflow Tell Us about the Economy?
w16455 Jules H. van Binsbergen
Michael W. Brandt
Ralph S.J. Koijen

On the Timing and Pricing of Dividends
w16468 Xing Hu
Jun Pan
Jiang Wang

Noise as Information for Illiquidity
w16429 Ricardo J. Caballero
Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome
w16399 Alberto Martin
Jaume Ventura

Theoretical Notes on Bubbles and the Current Crisis
w16337 Adam Ashcraft
Nicolae Gârleanu
Lasse Heje Pedersen

Two Monetary Tools: Interest Rates and Haircuts
w16249 John D. Burger
Francis E. Warnock
Veronica Cacdac Warnock

Emerging Local Currency Bond Markets
w16244 Kenneth A. Snowden
The Anatomy of a Residential Mortgage Crisis: A Look Back to the 1930s
w16245 Charles Courtemanche
Kenneth A. Snowden

Repairing a Mortgage Crisis: HOLC Lending and its Impact on Local Housing Markets
w16206 Richard Stanton
Nancy Wallace

CMBS Subordination, Ratings Inflation, and the Crisis of 2007-2009
w16214 Ravi Jagannathan
Andrei Jirnyi
Ann Sherman

Why Don't Issuers Choose IPO Auctions? The Complexity of Indirect Mechanisms
w16191 Alberto Manconi
Massimo Massa
Ayako Yasuda

The Behavior of Intoxicated Investors: The role of institutional investors in propagating the crisis of 2007-2008
w16200 Efraim Benmelech
Nittai K. Bergman

Credit Traps
w16174 Davin Chor
Kalina Manova

Off the Cliff and Back? Credit Conditions and International Trade during the Global Financial Crisis
w16176 Ing-Haw Cheng
Harrison Hong
Jose A. Scheinkman

Yesterday's Heroes: Compensation and Creative Risk-Taking
w16177 Franklin Allen
Ana Babus
Elena Carletti

Financial Connections and Systemic Risk
w16178 Andrew Ellul
Vijay Yerramilli

Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies
w16145 Christopher L. House
Yusufcan Masatlioglu

Managing Markets for Toxic Assets
w16159 Philippe Bacchetta
Cédric Tille
Eric van Wincoop

Self-Fulfilling Risk Panics
w16128 Lubos Pastor
Pietro Veronesi

Uncertainty about Government Policy and Stock Prices
w16068 Nicola Gennaioli
Andrei Shleifer
Robert W. Vishny

Neglected Risks, Financial Innovation, and Financial Fragility
w16080 V.V. Chari
Ali Shourideh
Ariel Zetlin-Jones

Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets
w16061 Rajnish Mehra
Indian Equity Markets: Measures of Fundamental Value
w16042 Brock Mendel
Andrei Shleifer

Chasing Noise
w16027 Michael D. Bordo
David Hargreaves
Mizuho Kida

Global shocks, economic growth and financial crises: 120 years of New Zealand experience
w15988 Jack Favilukis
Sydney C. Ludvigson
Stijn Van Nieuwerburgh

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
w15974 Nicola Cetorelli
Linda S. Goldberg

Global Banks and International Shock Transmission: Evidence from the Crisis
w15956 Ross Levine
An Autopsy of the U.S. Financial System
w15919 Zhiguo He
In Gu Khang
Arvind Krishnamurthy

Balance Sheet Adjustments in the 2008 Crisis
w15927 Olivier Jeanne
Anton Korinek

Excessive Volatility in Capital Flows: A Pigouvian Taxation Approach
w15896 Atif R. Mian
Amir Sufi

Household Leverage and the Recession of 2007 to 2009
w15861 Jeffrey Brown
Stephen G. Dimmock
Jun-Koo Kang
Scott Weisbenner

How University Endowments Respond to Financial Market Shocks: Evidence and Implications
w15843 Annamaria Lusardi
Daniel J. Schneider
Peter Tufano

The economic crisis and medical care usage
w15850 Yacine Aït-Sahalia
Julio Cacho-Diaz
Roger J.A. Laeven

Modeling Financial Contagion Using Mutually Exciting Jump Processes
w15833 Allaudeen Hameed
Randall Morck
Jianfeng Shen
Bernard Yeung

Information, analysts, and stock return comovement
w15806 Gara Afonso
Anna Kovner
Antoinette Schoar

Stressed not Frozen: The Fed Funds Market in the Financial Crisis
w15809 Yacine Aït-Sahalia
Jochen Andritzky
Andreas Jobst
Sylwia Nowak
Natalia Tamirisa

Market Response to Policy Initiatives during the Global Financial Crisis
w15785 Thomas Philippon
Vasiliki Skreta

Optimal Interventions in Markets with Adverse Selection
w15787 Gary B. Gorton
Questions and Answers about the Financial Crisis
w15759 David Laibson
Johanna Mollerstrom

Capital Flows, Consumption Booms and Asset Bubbles: A Behavioural Alternative to the Savings Glut Hypothesis
w15730 Viral V. Acharya
Philipp Schnabl
Gustavo Suarez

Securitization without risk transfer
w15688 Ralph S.J. Koijen
Hanno Lustig
Stijn Van Nieuwerburgh

The Cross-Section and Time-Series of Stock and Bond Returns
w15708 Efraim Benmelech
Nittai K. Bergman

Bankruptcy and the Collateral Channel
w15653 Zhiguo He
Wei Xiong

Rollover Risk and Credit Risk
w15634 Angelo Riva
Eugene N. White

Danger on the Exchange: How Counterparty Risk Was Managed on the Paris Bourse in the Nineteenth Century
w15634 Angelo Riva
Eugene N. White

Danger on the Exchange: How Counterparty Risk Was Managed on the Paris Bourse in the Nineteenth Century
w15636 Ricardo J. Caballero
The "Other" Imbalance and the Financial Crisis
2009
w15591 Benjamin Chabot
Eric Ghysels
Ravi Jagannathan

Momentum Cycles and Limits to Arbitrage Evidence from Victorian England and Post-Depression US Stock Markets
w15575 Randall Morck
M. Deniz Yavuz
Bernard Yeung

Banking System Control, Capital Allocation, and Economy Performance
w15552 Murillo Campello
John Graham
Campbell R. Harvey

The Real Effects of Financial Constraints: Evidence from a Financial Crisis
w15573 Eugene N. White
Lessons from the Great American Real Estate Boom and Bust of the 1920s
w15542 Arvind Krishnamurthy
How Debt Markets have Malfunctioned in the Crisis
w15538 Marcin Kacperczyk
Philipp Schnabl

When Safe Proved Risky: Commercial Paper During the Financial Crisis of 2007-2009
w15504 Ravi Bansal
Dana Kiku
Amir Yaron

An Empirical Evaluation of the Long-Run Risks Model for Asset Prices
w15512 Moritz Schularick
Alan M. Taylor

Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
w15482 Zhiguo He
Wei Xiong

Dynamic Debt Runs
w15458 Pietro Veronesi
Luigi Zingales

Paulson's Gift
w15414 Ricardo Lagos
Guillaume Rocheteau
Pierre-Olivier Weill

Crises and Liquidity in Over-the-Counter Markets
w15404 Ravi Jagannathan
Mudit Kapoor
Ernst Schaumburg

Causes of the Great Recession of 2007-9: The Financial Crisis is the Symptom not the Disease!
w15404 Ravi Jagannathan
Mudit Kapoor
Ernst Schaumburg

Causes of the Great Recession of 2007-9: The Financial Crisis is the Symptom not the Disease!
w15404 Ravi Jagannathan
Mudit Kapoor
Ernst Schaumburg

Causes of the Great Recession of 2007-9: The Financial Crisis is the Symptom not the Disease!
w15395 Courtney Coile
Phillip B. Levine

The Market Crash and Mass Layoffs: How the Current Economic Crisis May Affect Retirement
w15373 Robert S. Pindyck
Neng Wang

The Economic and Policy Consequences of Catastrophes
w15379 Stephen G. Cecchetti
Marion Kohler
Christian Upper

Financial Crises and Economic Activity
w15381 David B. Brown
Bruce Ian Carlin
Miguel Sousa Lobo

On the Scholes Liquidation Problem
w15384 René M. Stulz
Credit Default Swaps and the Credit Crisis
w15356 Stelios Michalopoulos
Luc Laeven
Ross Levine

Financial Innovation and Endogenous Growth
w15362 Amir E. Khandani
Andrew W. Lo
Robert C. Merton

Systemic Risk and the Refinancing Ratchet Effect
w15332 Rik G.P. Frehen
William N. Goetzmann
K. Geert Rouwenhorst

New Evidence on the First Financial Bubble
w15333 Douglas W. Blackburn
William N. Goetzmann
Andrey D. Ukhov

Risk Aversion and Clientele Effects
w15334 William N. Goetzmann
Liang Peng
Jacqueline Yen

The Subprime Crisis and House Price Appreciation
w15297 Lasse Heje Pedersen
When Everyone Runs for the Exit
w15273 Gary B. Gorton
Andrew Metrick

Haircuts
w15275 Asli Demirguc-Kunt
Ross Levine

Finance and Inequality: Theory and Evidence
w15283 Atif R. Mian
Amir Sufi

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
w15247 Robert J. Barro
Tao Jin

On the Size Distribution of Macroeconomic Disasters
w15212 Rüdiger Fahlenbrach
René M. Stulz

Bank CEO Incentives and the Credit Crisis
w15197 Douglas W. Diamond
Raghuram G. Rajan

Illiquidity and Interest Rate Policy
w15180 Andrea Beltratti
René M. Stulz

Why Did Some Banks Perform Better During the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation
w15158 Nuno Cassola
Ali Hortacsu
Jakub Kastl

The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds
w15141 Galina Hale
Assaf Razin
Hui Tong

The Impact of Credit Protection on Stock Prices in the Presence of Credit Crunches
w15145 Luigi Guiso
Paola Sapienza
Luigi Zingales

Moral and Social Constraints to Strategic Default on Mortgages
w15118 Willem H. Buiter
Negative Nominal Interest Rates: Three ways to overcome the zero lower bound
w15110 Paul Beaudry
Amartya Lahiri

Risk Allocation, Debt Fueled Expansion and Financial Crisis
w15042 Randall Morck
Bernard Yeung

Never Waste a Good Crisis: An Historical Perspective on Comparative Corporate Governance
w15040 Arvind Krishnamurthy
Amplification Mechanisms in Liquidity Crises
w15045 Efraim Benmelech
Jennifer Dlugosz

The Credit Rating Crisis
w15052 Robert B. Barsky
The Japanese Bubble: A 'Heterogeneous' Approach
w15052 Robert B. Barsky
The Japanese Bubble: A 'Heterogeneous' Approach
w15058 Stavros Panageas
Bailouts, the Incentive to Manage Risk, and Financial Crises
w14952 Isil Erel
Brandon Julio
Woojin Kim
Michael Weisbach

Market Conditions and the Structure of Securities
w14944 Gary B. Gorton
Lixin Huang
Qiang Kang

The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover
w14929 Thomas Philippon
Philipp Schnabl

Efficient Recapitalization
w14925 Douglas W. Diamond
Raghuram G. Rajan

Fear of Fire Sales and the Credit Freeze
w14878 Efraim Benmelech
Jennifer Dlugosz

The Alchemy of CDO Credit Ratings
w14889 Zhi Da
Re-Jin Guo
Ravi Jagannathan

CAPM for Estimating the Cost of Equity Capital: Interpreting the Empirical Evidence
w14892 Eric Hilt
Wall Street's First Corporate Governance Crisis: The Panic of 1826
w14897 Christian Leuz
Catherine Schrand

Disclosure and the Cost of Capital: Evidence from Firms' Responses to the Enron Shock
w14867 Patrick Bolton
Tano Santos
Jose A. Scheinkman

Outside and Inside Liquidity
w14871 Francis A. Longstaff
Brett Myers

Valuing Toxic Assets: An Analysis of CDO Equity
w14843 Geert Bekaert
Campbell R. Harvey
Christian Lundblad

Financial Openness and Productivity
w14814 Ravi Bansal
Ivan Shaliastovich

Learning and Asset-Price Jumps
w14815 Ravi Bansal
Ivan Shaliastovich

Confidence Risk and Asset Prices
w14764 Roland Bénabou
Groupthink: Collective Delusions in Organizations and Markets
w14760 Robert J. Barro
José F. Ursúa

Stock-Market Crashes and Depressions
w14761 Vasiliki Skreta
Laura Veldkamp

Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation
w14733 Jung-Wook Kim
Jason Lee
Randall Morck

Characteristics of Observed Limit Order Demand and Supply Schedules for Individual Stocks
w14701 John Y. Campbell
Adi Sunderam
Luis M. Viceira

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds
w14663 Michael G. Palumbo
Jonathan A. Parker

The Integrated Financial and Real System of National Accounts for the United States: Does It Presage the Financial Crisis?
w15611 Stefano Battiston
Domenico Delli Gatti
Mauro Gallegati
Bruce C. Greenwald
Joseph E. Stiglitz

Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk
w14646 Lubos Pastor
Pietro Veronesi

Learning in Financial Markets
w14649 Gary B. Gorton
Information, Liquidity, and the (Ongoing) Panic of 2007
w14631 John B. Taylor
The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong
2008
w14625 Patrick Bajari
Chenghuan Sean Chu
Minjung Park

An Empirical Model of Subprime Mortgage Default From 2000 to 2007
w14609 Zhi Da
Pengjie Gao
Ravi Jagannathan

Informed Trading, Liquidity Provision, and Stock Selection by Mutual Funds
w14549 Michelle J. White
Bankruptcy: Past Puzzles, Recent Reforms, and the Mortgage Crisis
w14574 Zhiguo He
Wei Xiong

Delegated Asset Management, Investment Mandates, and Capital Immobility
w14517 Zhiguo He
Arvind Krishnamurthy

Intermediary Asset Pricing
w14340 Isaac Ehrlich
William A. Hamlen Jr.
Yong Yin

Asset Management, Human Capital, and the Market for Risky Assets
w14085 Sharon Katz
Earnings Quality and Ownership Structure: The Role of Private Equity Sponsors
w13763 Laurence J. Kotlikoff
Ben Marx
David Rapson

To Roth or Not? -- That is the Question
2007
w13713 Ernesto Reuben
Paola Sapienza
Luigi Zingales

Procrastination and Impatience
w13607 Dale F. Gray
Robert C. Merton
Zvi Bodie

New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability
w13245 Michael F. Gallmeyer
Burton Hollifield
Francisco Palomino
Stanley E. Zin

Arbitrage-Free Bond Pricing with Dynamic Macroeconomic Models
w13220 John Donaldson
Rajnish Mehra

Risk Based Explanations of the Equity Premium
w13196 Ravi Bansal
Long-Run Risks and Financial Markets
w13107 Ravi Bansal
A. Ronald Gallant
George Tauchen

Rational Pessimism, Rational Exuberance, and Asset Pricing Models
w13107 Ravi Bansal
A. Ronald Gallant
George Tauchen

Rational Pessimism, Rational Exuberance, and Asset Pricing Models
w13108 Ravi Bansal
Robert Dittmar
Dana Kiku

Cointegration and Consumption Risks in Asset Returns
w12970 Jules H. van Binsbergen
Michael W. Brandt

Optimal Asset Allocation in Asset Liability Management
2006
w12797 Laurent E. Calvet
Adlai J. Fisher

Multifrequency Jump-Diffusions: An Equilibrium Approach
w12634 Dirk Krueger
Hanno Lustig

When is Market Incompleteness Irrelevant for the Price of Aggregate Risk (and when is it not)?
w12609 Monika Piazzesi
Martin Schneider

Equilibrium Yield Curves
w12542 Stephen G. Cecchetti
Measuring the Macroeconomic Risks Posed by Asset Price Booms
w12513 Michael W. Brandt
David A. Chapman

Linear Approximations and Tests of Conditional Pricing Models
w12501 Luigi Guiso
Paola Sapienza
Luigi Zingales

The Cost of Banking Regulation
w12376 Alessandro Beber
Michael W. Brandt
Kenneth A. Kavajecz

Flight-to-Quality or Flight-to-Liquidity? Evidence From the Euro-Area Bond Market
w12297 Vojislav Maksimovic
Gordon Phillips

The Industry Life Cycle and Acquisitions and Investment: Does Firm Organization Matter?
w12049 Alberto Alesina
Silvia Ardagna
Francesco Trebbi

Who Adjusts and When? On the Political Economy of Reforms
w12020 Darrell Duffie
Nicolae Garleanu
Lasse Heje Pedersen

Valuation in Over-the-Counter Markets
w12026 John H. Cochrane
The Dog That Did Not Bark: A Defense of Return Predictability
w12036 Monika Piazzesi
Martin Schneider
Selale Tuzel

Housing, Consumption, and Asset Pricing
2005
w11843 Nicolae Garleanu
Lasse Heje Pedersen
Allen M. Poteshman

Demand-Based Option Pricing
w11728 Raghuram G. Rajan
Has Financial Development Made the World Riskier?
w11692 Dale T. Mortensen
Eva Nagypal

More on Unemployment and Vacancy Fluctuations
w11574 Qiang Dai
Thomas Philippon

Fiscal Policy and the Term Structure of Interest Rates
w11457 Richard B. Freeman
Does Globalization of the Scientific/Engineering Workforce Threaten U.S. Economic Leadership?
w11400 Lin Peng
Wei Xiong

Investor Attention: Overconfidence and Category Learning
w11362 Jianping Mei
Jose Scheinkman
Wei Xiong

Speculative Trading and Stock Prices: Evidence from Chinese A-B Share Premia
w11367 Harrison Hong
Jose Scheinkman
Wei Xiong

Asset Float and Speculative Bubbles
w11329 Patric Hendershott
Robert J. Hendershott
Bryan D. MacGregor

Evidence on Rationality in Commercial Property Markets: An Interpretation and Critique
w11294 Armando Gomes
Gordon Phillips

Why Do Public Firms Issue Private and Public Securities?
w11307 Igal Hendel
Aviv Nevo

Measuring the Implications of Sales and Consumer Inventory Behavior
w11276 Michael Gallmeyer
Burton Hollifield
Stanley E. Zin

Taylor Rules, McCallum Rules and the Term Structure of Interest Rates
w11132 Hanno Lustig
Yi-Li Chien

The Market Price of Aggregate Risk and the Wealth Distribution
w11104 Hanno Lustig
Adrien Verdelhan

The Cross-Section of Currency Risk Premia and US Consumption Growth Risk
2004
w10996 Michael W. Brandt
Pedro Santa-Clara
Rossen Valkanov

Parametric Portfolio Policies: Exploiting Characteristics in the Cross Section of Equity Returns
w11005 Luigi Guiso
Paola Sapienza
Luigi Zingales

Cultural Biases in Economic Exchange
w10978 Mihir A. Desai
Alexander Dyck
Luigi Zingales

Theft and Taxes
w10979 Thorsten Beck
Asli Demirguc-Kunt
Ross Levine

Finance, Inequality, and Poverty: Cross-Country Evidence
w10955 Hanno Lustig
Stijn Van Nieuwerburgh

A Theory of Housing Collateral, Consumption Insurance and Risk Premia
w10937 Hyunbae Chun
Jung-Wook Kim
Jason Lee
Randall Morck

Patterns of Comovement: The Role of Information Technology in the U.S. Economy
w10850 William M. Gentry
Charles M. Jones
Christopher J. Mayer

Do Stock Prices Really Reflect Fundamental Values? The Case of REITs
w10814 Viral V. Acharya
Lasse Heje Pedersen

Asset Pricing with Liquidity Risk
w10816 Darrell Duffie
Nicolae Garleanu
Lasse Heje Pedersen

Over-the-Counter Markets
w10786 Ricardo J. Caballero
Stavros Panageas

Contingent Reserves Management: An Applied Framework
w10766 Ross Levine
Finance and Growth: Theory and Evidence
w10755 Markus K. Brunnermeier
Lasse Heje Pedersen

Predatory Trading
w10689 Wayne E. Ferson
Andrea Heuson
Tie Su

Weak and Semi-Strong Form Stock Return Predictability, Revisited
w10692 Randall Morck
Daniel Wolfenzon
Bernard Yeung

Corporate Governance, Economic Entrenchment and Growth
w10579 Yacine Ait-Sahalia
Robert Kimmel

Maximum Likelihood Estimation of Stochastic Volatility Models
w10581 Lubos Pastor
Pietro Veronesi

Was There a Nasdaq Bubble in the Late 1990s?
w10556 Alessandro Barbarino
Boyan Jovanovic

Shakeouts and Market Crashes
w10547 Monika Piazzesi
Eric Swanson

Futures Prices as Risk-adjusted Forecasts of Monetary Policy
w10410 Jung-Wook Kim
Jason Lee
Randall K. Morck

Heterogeneous Investors and their Changing Demand and Supply Schedules for Individual Common Stocks
w10400 Mervyn King
The Institutions of Monetary Policy
w10372 Michael W. Brandt
Pedro Santa-Clara

Dynamic Portfolio Selection by Augmenting the Asset Space
w10235 Jeffrey R. Brown
Zoran Ivkovich
Paul A. Smith
Scott Weisbenner

The Geography of Stock Market Participation: The Influence of Communities and Local Firms
2003
w10132 Thomas Cooley
Ramon Marimon
Vincenzo Quadrini

Aggregate Consequences of Limited Contract Enforceability
w10107 Bryan R. Routledge
Stanley E. Zin

Generalized Disappointment Aversion and Asset Prices
w9914 Alessandro Beber
Michael W. Brandt

The Effect of Macroeconomic News on Beliefs and Preferences: Evidence from the Options Market
w9839 Laurent Calvet
Adlai Fisher

Regime-Switching and the Estimation of Multifractal Processes
w9791 Sergey Iskoz
Jiang Wang

How to Tell if a Money Manager Knows More?
w9778 Ricardo J. Caballero
Stavros Panageas

Hedging Sudden Stops and Precautionary Contractions
w9595 Luigi Zingales
Raghuram G. Rajan

Banks and Markets: The Changing Character of European Finance
w9581 Baruch Lev
Suresh Radhakrishnan

The Measurement of Firm-Specific Organization Capital
w9529 Michael W. Brandt
Kenneth A. Kavajecz

Price Discovery in the U.S. Treasury Market: The Impact of Orderflow and Liquidity on the Yield Curve
w9466 William N. Goetzmann
Ning Zhu
Arturo Bris

Efficiency and the Bear: Short Sales and Markets around the World
w9454 Alexander Ljungqvist
Matthew Richardson

The cash flow, return and risk characteristics of private equity
w9458 Michael W. Brandt
Amir Yaron

Time-Consistent No-Arbitrage Models of the Term Structure
w9434 Leonid Kogan
Stephen Ross
Jiang Wang
Mark Westerfield

The Price Impact and Survival of Irrational Traders
w9441 Wayne E. Ferson
Tests of Multifactor Pricing Models, Volatility Bounds and Portfolio Performance
2002
w9353 Mark Grinblatt
Jun Liu

Debt Policy, Corporate Taxes, and Discount Rates
w9214 Patric H. Hendershott
Charles W.R. Ward

Valuing and Pricing Retail Leases with Renewal and Overage Options
w9138 Ross Levine
Bank-Based or Market-Based Financial Systems: Which is Better?
w9116 William Goetzmann
Jonathan Ingersoll
Matthew I. Spiegel
Ivo Welch

Sharpening Sharpe Ratios
w9082 Thorsten Beck
Ross Levine

Stock Markets, Banks, and Growth: Panel Evidence
w9050 Neil Doherty
Kent Smetters

Moral Hazard in Reinsurance Markets
w8982 Thorsten Beck
Ross Levine

Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?
w8970 Stephen G. Cecchetti
Hans Genberg
Sushil Wadhwani

Asset Prices in a Flexible Inflation Targeting Framework
w8928 Gary Gorton
Andrew Winton

Financial Intermediation
w8923 Luigi Guiso
Paola Sapienza
Luigi Zingales

Does Local Financial Development Matter?
w8734 Mark Grinblatt
Bing Han

The Disposition Effect and Momentum
w8744 Mark Grinblatt
Tobias J. Moskowitz

What Do We Really Know About the Cross-Sectional Relation Between Past and Expected Returns?
w8745 Mark Grinblatt
Matti Keloharju

Tax-Loss Trading and Wash Sales
w8746 Bhagwan Chowdhry
Mark Grinblatt
David Levine

Information Aggregation, Security Design and Currency Swaps
2001
w8686 William N. Goetzmann
Alok Kumar

Equity Portfolio Diversification
w8654 Randall Morck
Fan Yang

The Mysterious Growing Value of S&P 500 Membership
w8554 Robert F. Engle
Kevin Sheppard

Theoretical and Empirical properties of Dynamic Conditional Correlation Multivariate GARCH
w8572 Simon Johnson
John McMillan
Christopher Woodruff

Courts and Relational Contracts
w8167 Qiang Dai
Kenneth J. Singleton

Expectation Puzzles, Time-varying Risk Premia, and Dynamic Models of the Term Structure
w8173 Stephen J. Brown
William N. Goetzmann

Hedge Funds With Style
w8066 John H. Cochrane
The Risk and Return of Venture Capital
w8098 Ravi Jagannathan
Zhenyu Wang

Empirical Evaluation of Asset Pricing Models: A Comparison of the SDF and Beta Methods
2000
w7971 Ricardo Caballero
Arvind Krishnamurthy

International and Domestic Collateral Constraints in a Model of Emerging Market Crises
w7878 James J. Choi
David Laibson
Andrew Metrick

Does the Internet Increase Trading? Evidence from Investor Behavior in 401(k) Plans
w7835 Evan Gatev
Stephen A. Ross

Rebels, Conformists, Contrarians and Momentum Traders
w7763 Geert Bekaert
Campbell R. Harvey
Christian Lundblad

Emerging Equity Markets and Economic Development
w7683 Francois Degeorge
Dirk Jenter
Alberto Moel
Peter Tufano

Selling Company Shares to Reluctant Employees: France Telecom's Experience
w7488 Torben G. Andersen
Tim Bollerslev
Francis X. Diebold
Paul Labys

Exchange Rate Returns Standardized by Realized Volatility are (Nearly) Gaussian
1999
w7418 Barry Eichengreen
Ricardo Hausmann

Exchange Rates and Financial Fragility
w7213 Jacob Boudoukh
Matthew Richardson
Richard Stanton
Robert F. Whitelaw

A Multifactor, Nonlinear, Continuous-Time Model of Interest Rate Volatility
w7214 Dong-Hyun Ahn
Jacob Boudoukh
Matthew Richardson
Robert F. Whitelaw

Behavioralize This! International Evidence on Autocorrelation Patterns of Stock Index and Futures Returns
w7237 John Y. Campbell
John H. Cochrane

Explaining the Poor Performance of Consumption-Based Asset Pricing Models
w7157 Robert J. Hodrick
David Tat-Chee Ng
Paul Sengmueller

An International Dynamic Asset Pricing Model
w7169 John H. Cochrane
New Facts in Finance
w7170 John H. Cochrane
Portfolio Advice for a Multifactor World
w7009 Wayne E. Ferson
Campbell R. Harvey

Conditioning Variables and the Cross-Section of Stock Returns
1998
w6843 Ricardo J. Caballero
Arvind Krishnamurthy

Emerging Market Crises: An Asset Markets Perspective
w6611 Fernando Restoy
Philippe Weil

Approximate Equilibrium Asset Prices
1997
w6312 Geert Bekaert
Campbell R. Harvey

Foreign Speculators and Emerging Equity Markets
t0209 Stefano Athanasoulis
Robert J. Shiller

The Significance of the Market Portfolio
1996
w5860 Wayne E. Ferson
Campbell R. Harvey

Fundamental Determinants of National Equity Market Returns: A Perspective on Conditional Asset Pricing
1995
w5307 Geert Bekaert
Campbell R. Harvey

Emerging Equity Market Volatility
w5080 Frederic S. Mishkin
John Simon

An Empirical Examination of the Fisher Effect in Australia
1994
w4843 Geert Bekaert
Campbell R. Harvey

Time-Varying World Market Integration
w4660 Campbell R. Harvey
Bruno Solnik
Guofu Zhou

What Determines Expected International Asset Returns?
w4663 Campbell R. Harvey
Roger D. Huang

The Impact of the Federal Reserve Bank's Open Market Operations
w4621 Campbell R. Harvey
Predictable Risk and Returns in Emerging Markets
w4623 Campbell R. Harvey
Conditional Asset Allocation in Emerging Markets
1992
w4036 Orley Ashenfelter
David Genesove

Testing for Price Anomalies in Real Estate Auctions
1991
w3779 Assaf Razin
Efraim Sadka

International Fiscal Policy Coordination and Competition: An Exposition

Generated on Wed Dec 7 00:00:02 2016

 
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