NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Lubos Pastor

University of Chicago
Booth School of Business
5807 South Woodlawn Ave
Chicago, IL 60637
Tel: 773/834-4080
Fax: NA

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
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NBER Program Affiliations: AP
NBER Affiliation: Research Associate

NBER Working Papers and Publications

August 2017Portfolio Liquidity and Diversification: Theory and Evidence
with Robert F. Stambaugh, Lucian A. Taylor: w23670
February 2017Political Cycles and Stock Returns
with Pietro Veronesi: w23184
October 2015Income Inequality and Asset Prices under Redistributive Taxation
with Pietro Veronesi: w21668

Published: Pástor, Lˇuboš & Veronesi, Pietro, 2016. "Income inequality and asset prices under redistributive taxation," Journal of Monetary Economics, Elsevier, vol. 81(C), pages 1-20. citation courtesy of

November 2014Do Funds Make More When They Trade More?
with Robert F. Stambaugh, Lucian A. Taylor: w20700
February 2014Scale and Skill in Active Management
with Robert F. Stambaugh, Lucian A. Taylor: w19891

Published: Pástor, Ľuboš & Stambaugh, Robert F. & Taylor, Lucian A., 2015. "Scale and skill in active management," Journal of Financial Economics, Elsevier, vol. 116(1), pages 23-45. citation courtesy of

January 2014The Price of Political Uncertainty: Theory and Evidence from the Option Market
with Bryan Kelly, Pietro Veronesi: w19812

Published: Bryan Kelly & Ľuboš Pástor & Pietro Veronesi, 2016. "The Price of Political Uncertainty: Theory and Evidence from the Option Market," Journal of Finance, American Finance Association, vol. 71(5), pages 2417-2480, October. citation courtesy of

September 2011Political Uncertainty and Risk Premia
with Pietro Veronesi: w17464

Published: Pástor, Ľuboš & Veronesi, Pietro, 2013. "Political uncertainty and risk premia," Journal of Financial Economics, Elsevier, vol. 110(3), pages 520-545. citation courtesy of

June 2010Uncertainty about Government Policy and Stock Prices
with Pietro Veronesi: w16128

Published: Lubos Pástor & Pietro Veronesi, 2012. "Uncertainty about Government Policy and Stock Prices," Journal of Finance, American Finance Association, vol. 67(4), pages 1219-1264, 08. citation courtesy of

January 2010On the Size of the Active Management Industry
with Robert F. Stambaugh: w15646

Published: ĽuboÅ¡ Pástor & Robert F. Stambaugh, 2012. "On the Size of the Active Management Industry," Journal of Political Economy, University of Chicago Press, vol. 120(4), pages 740 - 781. citation courtesy of

February 2009Are Stocks Really Less Volatile in the Long Run?
with Robert F. Stambaugh: w14757

Published: Ľuboš Pástor & Robert F. Stambaugh, 2012. "Are Stocks Really Less Volatile in the Long Run?," Journal of Finance, American Finance Association, vol. 67(2), pages 431-478, 04. citation courtesy of

January 2009Learning in Financial Markets
with Pietro Veronesi: w14646

Published: Lubos Pastor & Pietro Veronesi, 2009. "Learning in Financial Markets," Annual Review of Financial Economics, Annual Reviews, vol. 1(1), pages 361-381, November. citation courtesy of

February 2008Predictive Systems: Living with Imperfect Predictors
with Robert F. Stambaugh: w13804

Published: Lubos Pástor & Robert F. Stambaugh, 2009. "Predictive Systems: Living with Imperfect Predictors," Journal of Finance, American Finance Association, vol. 64(4), pages 1583-1628, 08. citation courtesy of

January 2007Predictive Systems: Living with Imperfect Predictors
with Robert F. Stambaugh: w12814

Published: Lubos Pástor & Robert F. Stambaugh, 2009. "Predictive Systems: Living with Imperfect Predictors," Journal of Finance, American Finance Association, vol. 64(4), pages 1583-1628, 08. citation courtesy of

December 2006Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability
with Lucian Taylor, Pietro Veronesi: w12792

Published: &Lubos Pástor & Lucian A. Taylor & Pietro Veronesi, 2009. "Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 22(8), pages 3005-3046, August. citation courtesy of

January 2006Estimating the Intertemporal Risk-Return Tradeoff Using the Implied Cost of Capital
with Meenakshi Sinha, Bhaskaran Swaminathan: w11941

Published: Pastor, Lubos, Meenakshi Sinha and Bhaskaran Swaminathan. “Estimating the Intertemporal Risk-Return Tradeoff Using the Implied Cost of Capital.” Journal of Finance 63 (2008): 2859–2897. citation courtesy of

December 2005Technological Revolutions and Stock Prices
with Pietro Veronesi: w11876

Published: Pastor, Lubos and Pietro Veronesi. "Technological Revolutions and Stock Prices." American Economic Review 99, 4 (2009): 1451-1483. citation courtesy of

June 2004Was There a Nasdaq Bubble in the Late 1990s?
with Pietro Veronesi: w10581

Published: Pastor, Lubos and Pietro Veronesi. "Was There A Nasdaq Bubble In The Late 1990s?," Journal of Financial Economics, 2006, v81(1,Jul), 61-100. citation courtesy of

July 2003Stock Prices and IPO Waves
with Pietro Veronesi: w9858
December 2002Judging Fund Managers by the Company They Keep
with Randolph Cohen, Joshua Coval: w9359

Published: Randolph B. Cohen & Joshua D. Coval & Lubos Pástor, 2005. "Judging Fund Managers by the Company They Keep," Journal of Finance, American Finance Association, vol. 60(3), pages 1057-1096, 06. citation courtesy of

June 2002Stock Valuation and Learning about Profitability
with Pietro Veronesi: w8991

Published: Lubos PÁstor & Veronesi Pietro, 2003. "Stock Valuation and Learning about Profitability," Journal of Finance, American Finance Association, vol. 58(5), pages 1749-1790, October. citation courtesy of

September 2001Liquidity Risk and Expected Stock Returns
with Robert F. Stambaugh: w8462

Published: Pastor, Lubos and Robert F. Stambaugh. "Liquidity Risk And Expected Stock Returns," Journal of Political Economy, 2003, v111(3,Jun), 642-685. citation courtesy of

July 2000The Equity Premium and Structural Breaks
with Robert F. Stambaugh: w7778

Published: Pastor, Lubos and Robert F. Stambaugh. "The Equity Premium And Structural Breaks," Journal of Finance, 2001, v56(4,Aug), 1207-1239. citation courtesy of

Evaluating and Investing in Equity Mutual Funds
with Robert F. Stambaugh: w7779

Published: Pastor, Lubog and Robert F. Stambaugh. "Investing In Equity Mutual Funds," Journal of Financial Economics, 2002, v63(3,Mar), 351-380.

August 1999Comparing Asset Pricing Models: An Investment Perspective
with Robert F. Stambaugh: w7284

Published: Journal of Financial Economics, Vol. 56 (2000): 335-381. citation courtesy of

June 1999Asset Pricing Models: Implications for Expected Returns and Portfolio Selection
with A. Craig MacKinlay: w7162

Published: MacKinlay, A. Craig and L. Pastor. "Asset Pricing Models: Implications For Expected Returns And Portfolio Selection," Review of Financial Studies, 2000, v13(4,Winter), 883-916. citation courtesy of

April 1998Costs of Equity Capital and Model Mispricing
with Robert F. Stambaugh: w6490

Published: Journal of Finance, Vol. 54 (1999): 67-121. citation courtesy of

 
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