Discussions
Conference and seminar discussions of papers by others.
The Optimal Schedules of Incentives and Cash Flows
Maturity Overhang: Evidence from M&A
Dynamic Trading and Asset Pricing with Time-Inconsistent Agents
Risk Premia, Subjective Beliefs, and Forward Guidance
Modeling Climate and Economic Dynamics: Optimist vs. Pessimist Views
Can U.S. Treasury Markets Add and Subtract?
Corporate Credit Provision
Markup Shocks and Asset Prices
Asset Pricing with Optimal Under-Diversification
Hansen-Jagannathan Bounds with Convenience Yields
Financing Cycles
Financing Cycles
Robustness and Dynamic Sentiment
Foreign bias in equity portfolios: Informational advantage or familiarity bias?
Demand Disagreement
Risk seekers: trade, noise, and the rationalizing effect of market impact on convex preferences
Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models
A Supply and Demand Approach to Equity Pricing Betermier, Calvet, and Jo
Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation
Unconventional Monetary Policy and Funding Liquidity Risk
Asset Pricing Implications of Systemic Risk in Network Economies
How Risky are the U.S. Corporate Assets?
Capital Heterogeneity, Time-To-Build, and Return Predictability
Tax Collection from Realized Capital Gains on Equity
Portfolio Choice with Model Misspecification: A Foundation for Alpha and Beta Portfolios
Do Open-market Share Repurchases Supply or Demand Immediacy?
Risk-Adjusted Capital Allocation and Misallocation
Credit Migration and Covered Interest Rate Parity
What is the Expected Return on a Stock?
Equilibrium Wealth Share Dynamics
Currency Risk Factors in a Recursive Multi-Country Economy
Dynamic Noisy Rational Expectations Equilibrium with Information Production and Beliefs-Based Speculation
Dynamic Noisy Rational Expectations Equilibrium with Information Production and Beliefs-Based Speculation
A Dynamic Equilibrium Model of ETFs
A Dynamic Equilibrium Model of ETFs
Sovereign CDS Spreads with Credit Rating
Learning about Distress
The Redistributive Effects of Monetary Policy
Beliefs about Inflation and the Term Structure of Interest Rates
Banks, Liquidity Management and Monetary Policy
Generalized Risk Premia
Demand for Crash Insurance, Intermediary Constraints, and Stock Return Predictability
The Forward Premium Puzzle in a Two-Country World
Financial Intermediation and Capital Reallocation
Systematic Risk, Debt Maturity, and the Term Structure of Credit Spreads
Do Short-selling Constraints Matter?
BKK the EZ Way (Backus-Kehoe-Kydland the Epstein-Zin Way)
Intermediary Leverage Cycles and Financial Stability
Network Centrality and the Cross Section of Stock Returns
Why Doesn’t Technology Flow from Rich to Poor Countries?
Volatility, the Macroeconomy and Asset Prices
Speculative Betas
Optimal Option Portfolio Strategies
Robust Assessment of Hedge Fund Performance through Nonparametric Discounting
Dynamic Equilibrium in an Economy with an Illiquid Stock Market
Arbitrageurs, Bubbles and Credit Conditions
Financial Distortions and the Distribution of Global Volatility
Discussion: Chen, Joslin & Tran
Arbitrage-Free Bond Pricing With Dynamic Macroeconomic Models
Debt with Endogenous Safety Covenants: Default and Corporate Securities
Agency Conflicts, Investment and Asset Pricing
Generalized Disappointment Aversion and Asset Prices