IGM Working Papers

The Initiative on Global Markets (IGM) working paper series is intended to show the research on financial markets, international business, and public policy that is produced by Chicago Booth faculty. These papers are outputs of faculty research that has been funded by the IGM.

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#	Title	Author(s)
74	Housing, Monetary Policy, and the Recovery	Amir Sufi
73	Mandatory IFRS Reporting and Changes in Enforcement	Christian Leuz
72	Financial Regulation in General Equilibrium	Anil K Kashyap
71	Stressed Out: Macroprudential Principles for Stress Testing	Anil K Kashyap
70	Has Economic Policy Uncertainty Hampered the Recovery?	Steven J. Davis
69	The Corporation in Finance	Raghuram Rajan
68	The Life Cycle of Plants in India and Mexico	Chang-Tai Hsieh
67	Private Equity and Employment	Steven J. Davis
66	Inefficient Provision of Liquidity	Luigi Zingales
65	Fund Managers, Career Concerns, and Asset Price Volatility	Veronica Guerrieri
64	Constituencies and Legislation: The Fight over the McFadden Act of 1927	Raghuram Rajan
63	The Optimal Conduct of Monetary Policy with Interest on Reserves	Anil Kashyap
62	Trade Adjustment and Productivity in Large Cities	Brent Neiman
61	Sovereign Wealth Fund Portfolios	Adair Morse
60	The Macroprudential Toolkit	Anil Kashyap
59	Best Prices	Anil Kashyap
58	A Macroprudential Approach to Financial Regulation	Anil Kashyap
57	The Political Economy of the Subprime Mortgage Credit Expansion	Amir Sufi and Francesco Trebbi
56	City Structure and Congestion Costs	Francesco Trebbi
55	Ideological Segregation Online and Offline	Matthew Gentzkow and Jesse Shapiro
54	Voters, Dictators, and Peons: Expressive Voting and Pivotality	Emir Kamenica
53	Different Approaches to Corporate Reporting Regulation: How Jurisdictions Differ and Why	Christian Leuz
52	Civic Capital as the Missing Link	Luigi Zingales
51	Debt Analysts' Views of Debt-Equity Conflicts of Interest	Regina Wittenberg-Moerman
50	Audit Quality and Auditor Reputation: Evidence from Japan	Douglas Skinner
49	Can We Infer Social Preferences from the Lab? Evidence from the Trust Game	Luigi Zingales
48	Information Disclosure, Cognitive Biases and Payday Borrowing	Marianne Bertrand and Adair Morse
47	The Effect of Newspaper Entry and Exit on Electoral Politics	Matthew Gentzkow and Jesse Shapiro
46	Determinants of Hedge Fund Internal Controls and Fees	Joseph Gerakos
45	Hedge Funds: Pricing Controls and the Smoothing of Self-Reported Returns	Joseph Gerakos
44	Paulson's Gift	Pietro Veronesi and Luigi Zingales
43	Stickiness, Synchronization, and Exchange Rate Passthrough in Intrafirm Trade Prices	Brent Neiman
42	The Effects of Stock Lending on Security Prices: An Experiment	Steven Kaplan and Tobias Moskowitz
41	Did Fair-Value Accounting Contribute to the Financial Crisis?	Christian Leuz
40	The Household Leverage-Driven Recession of 2007 to 2009	Atif Mian and Amir Sufi
39	Measuring Central Bank Communication: An Automated Approach with Application to FOMC Statements	Francesco Trebbi
38	Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan	Anil Kashyap
37	House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis	Atif Mian and Amir Sufi
36	Mishmash on Mismatch? Balance-Sheet Effects and Emerging-Markets Crises	Hoyt Bleakley
35	Maturity Mismatch and Financial Crises: Evidence from Emerging Market Corporations	Hoyt Bleakley
34	Global Accounting Convergence and the Potential Adoption of IFRS by the United States: An Analysis of Economic and Policy Factors	Christian Leuz
33	The Crisis of Fair Value Accounting: Making Sense of the Recent Debate	Christian Leuz
32	The Housing Crisis and Bankruptcy Reform: The Prepackaged Chapter 13 Approach	Luigi Zingales
31	Competition and Political Organization: Together or Alone in Lobbying for Trade Policy?	Francesco Trebbi
30	Innovation and Institutional Ownership	Luigi Zingales
29	What Do High-Interest Borrowers Do With Their Tax Rebate?	Marianne Bertrand and Adair Morse
28	Disclosure and the Cost of Capital: Evidence from Firms' Response to the Enron Shock	Christian Leuz
27	The Future of Securities Regulation	Luigi Zingales
26	The Failure of Models That Predict Failure: Distance, Incentives and Defaults	Amit Seru
25	The Political Economy of the U.S. Mortgage Default Crisis	Atif Mian, Amir Sufi, and Francesco Trebbi
24	Media versus Special Interests	Luigi Zingales
23	The Price of Political Opposition: Evidence from Venezuela's Maisanta	Chang-Tai Hsieh
22	The Intergenerational Transfer of Public Pension Promises	Robert Novy-Marx and Joshua D. Rauh
21	Landed Interests and Financial Underdevelopment in the United States	Raghuram Rajan
20	Long Term Persistence	Luigi Zingales
19	Votes or Money? Theory and Evidence from the U.S. Congress	Francesco Trebbi
18	Measuring and Modeling Execution Cost and Risk	Jeffrey Russell
17	Tipping and Concentration in Markets with Indirect Network	Jean-Pierre Dubé, Günter Hitsch, and Pradeep Chintagunta
16	Competition and Truth in the Market for News	Matthew Gentzkow and Jesse Shapiro
15	The Consequences of Mortgage Credit Expansion: Evidence from the 2007 Mortgage Default Crisis	Atif Mian and Amir Sufi
14	Procrastination and Impatience	Luigi Zingales
13	Social Capital as Good Culture	Luigi Zingales
12	Mandatory IFRS Reporting Around the World: Early Evidence on the Economic Consequences	Christian Leuz
11	Understanding Trust	Luigi Zingales
10	What Drives Media Slant? Evidence from U.S. Daily Newspapers	Matthew Gentzkow and Jesse Shapiro
9	Measuring the Dynamics of Young and Small Businesses: Integrating the Employer and Nonemployer Universes	Steven Davis
8	Was the Sarbanes-Oxley Act of 2002 Really This Costly?	Christian Leuz
7	Investment Spikes: New Facts and a General Equilibrium Exploration	Anil Kashyap
6	Market Forces and News Media in Muslim Countries	Matthew Gentzkow and Jesse Shapiro
5	Adopting a Label: Heterogeneity in the Economic Consequences of IFRS Adoptions	Christian Leuz
4	The Contradiction in China’s Gradualist Banking Reforms	Anil Kashyap
3	Who Blows the Whistle on Corporate Fraud?	Luigi Zingales
2	Cost of Capital Effects and Changes in Growth Expectations around U.S. Cross-Listings	Christian Leuz
1	Is the U.S. Capital Market Losing Its Competitive Edge?	Luigi Zingales