Fama-Miller Center for Research in Finance Published Papers

Finance Research Papers

Adam, K. and S. Nagel, “Expectations Data in Asset Pricing,” Handbook of Economics Expectations, November 2022, Chapter 16.

Acemoglu, D., Hassan, T.A., and Tahoun, A., “The Power of the Street: Evidence from Egypt’s Arab Spring.” Review of Financial Studies,” vol. 31, No. 1, 2018, 1-42.

Agarwal, S., Chomsisengphet, S., Mahoney, N., Stroebel, J., “A Simple Framework for Estimating Consumer Benefits from Regulating Hidden Fees.” Journal of Legal Studies 43 no. S2 (2014): S239–S252.

Agarwal, S., Chomsisengphet, S., Mahoney, N., Stroebel, J., “Regulating Consumer Financial Products: Evidence from Credit Cards.” Quarterly Journal of Economics 130 no. 1 (2015): 111–164.

Agarwal, S., D. Lucca, A. Seru, and F. Trebbi. "Inconsistent Regulators: Evidence from Banking." The Quarterly Journal of Economics 129, no. 2 (2014): 889-938.

Aikman, D., Bridges, J., Kashyap, A. K., and Siegert, C., “Would Macroprudential Regulation Have Prevented the Last Crisis?” Journal of Economic Perspectives, 33 (1): 107-30, Winter 2019.

Aït-Sahalia, Y., Xiu, D., “Increased Correlation among Asset Classes: Are Volatility or Jumps to Blame, or Both?” Journal of Econometrics 194 (2016): 205–219.

Aït-Sahalia, Y., and Xiu, D., “Using Principal Component Analysis to Estimate a High Dimensional Factor Model with High-Frequency Data.” Journal of Econometrics, Vol. 201, Issue 2, December 2017, 384-99. 

Amato, L. and C. Yannelis, “Household Behavior (Consumption, Credit and Investments) During the COVID-19 Pandemic,” Annual Review of Financial Economics, forthcoming.

Amstad, M. and He, Z., “Chinese Bond Market and Interbank Market” in Amstad, Marlene, Sun Guofeng and Wei Xiong (Ed): The Handbook of China’s Financial System (forthcoming)

Artavanis, N., Morse, A., Tsoutsoura, M., “Measuring Income Tax Evasion using Bank Credit: Evidence from Greece.” Quarterly Journal of Economics 131 no. 2 (2016): 739–798.

Aquilina, M., Budish, E., and O’Neill, P., “Quantifying the High-Frequency Trading “Arms Race”, The Quarterly Journal of Economics, Volume 137, Issue 1, February 2022, Pages 493–564.

Bachas, N., Kim, O. S., and Yannelis, C., “Loan Guarantees and Credit Supply,” Journal of Financial Economics (March 2021): 139 (3), 872–894.

Baker, S. R., Farrokhnia, R. A., Meyer, S., Pagel, M., and Yannelis, C., “How Does Household Spending Respond to an Epidemic? Consumption During the 2020 COVID-19 Pandemic,” Review of Asset Pricing Studies (December 2020): 10 (4), 834–862.

Barnett, M., G. Buchak, and C. Yannelis, “Epidemic Responses Under Uncertainty,” Proceedings of the National Academy of Sciences, 120 (2), January 2023.

Barry, J., M. Campello, J. Graham, and Y. Ma, “Corporate Flexibility in a Time of Crisis,” Journal of Financial Economics, 144 (2022), 780–806.

Benmelech, E., N. Kumar, and R. Rajan, “The Secured Credit Premium and the Issuance of Secured Debt,” Journal of Financial Economics, forthcoming.

Benmelech, E., N. Kumar, and R. Rajan, “The Decline of Secured Debt,” Journal of Finance, forthcoming.

Berger, D., Milbradt, K., Tourre, F. and Vavra, J,, “Mortgage Prepayment and Path-Dependent Effects of Monetary Policy,” American Economic Review, Volume 111, No. 9. September 2021.

Bhamra, H.S., C. Dorion, A. Jeanneret, and M. Weber, “High Inflation: Low Default Risk and Low Equity Valuations,” Review of Financial Studies, forthcoming.

Birge, J.R., Parker, R.P., Wu, M.X., and Yang, S.A., “When Customers Anticipate Liquidation Sales: Managing Operations Under Financial Distress.” Manufacturing & Service Operations Management, Fall 2017, 19(4), 657-673.  

Bordalo, P., Gennaioli, N., Ma, Y., and Shleifer, A., “Overreaction in Macroeconomic Expectations,” American Economic Review (September 2020): 110, No. 9, 2748–2782.

Budish, E., Cramton, P., Shim, J., “The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response.” Quarterly Journal of Economics 130 no. 4 (2015): 1547–1621.

Budish, E., Cramton, P., Shim, J., “Implementation Details for Frequent Batch Auctions: Slowing Down Markets to the Blink of an Eye.” American Economic Review: Papers and Proceedings 104 no. 5 (2014): 418–424."

Burchardi, K. B., Chaney, T., and Hassan, T. A., “Migrants, Ancestors, and Foreign Investments,” The Review of Economic Studies, Volume 86, Issue 4, July 2019, Pages 1448–1486.

Bushman, R.M., C.D. Williams, and R. Wittenberg-Moerman. "The Informational Role of the Media in Private Lending." Journal of Accounting Research 55, no. 1 (2016): 115-52.

Bustos, P. and Caprettini, B. and Ponticelli, J., "Agricultural Productivity and Structural Transformation: Evidence from Brazil" American Economic Review Vol. 196, No. 6, June (2016): 1320-65.

Cassar, G. and J. Gerakos. "Do risk management practices work? Evidence from hedge funds." Review of Accounting Studies 22, no. 3 (2017): 1084-121.

Chen, D., Moskowitz, T., Shue, K., “Decision-Making under the Gambler’s Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires.” Quarterly Journal of Economics 131 no. 3 (2016): 1181–1241.

Chen, H., Cui, R., He, Z., and Milbradt, K., “Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle,” 2018, Review of Financial Studies 31, pp. 852–897.

Chinco, A., Neuhierl, A., and Weber, M., “Estimating the Anomaly Base Rate,” Journal of Financial Economics (April 2021): 140 (1), 101–126. 

Coibion, O., D. Georgarakos, Y. Gorodnichenko, and M. Weber, “Forward Guidance and Household Expectations,” Journal of the European Economic Association, Volume 21, Issue 5, October 2023, Pages 2131–2171.

Coibion, O., Y. Gorodnichenko, and M. Weber, “Monetary Policy Communications and Their Effects on Household Inflation Expectations,” Journal of Political Economy, Volume 130, Number 6, June 2022.

Colonnelli, E., B. Li, and E. Liu, “Investing with the Government: A Field Experiment in China,” Journal of Political Economy, forthcoming. 

Colonnelli, E., N. Gormsen, and T. McQuade, “Selfish Corporations,” Review of Economic Studies, forthcoming.

Colonnelli, E., Lagaras, S., Ponticelli, J., and Prem, M., “Revealing Corruption: Firm and Worker Level Evidence from Brazil,” Journal of Financial Economics, Volume 143, Issue 3, March 2022, Pages 1097–1119.

Cong, L.W., Gao, H., Ponticelli, J., and Yang, X., “Credit Allocation under Economic Stimulus: Evidence from China,” forthcoming, Review of Financial Studies

Cong, L. W., He, Z., and Li, J., “Decentralized Mining in Centralized Pools,” Review of Financial Studies, 34 (3), 1191–1235.

Constantinides, G. M., Czerwonko, M., and Perrakis, S., “Mispriced Index Option Porfolios,” Financial Management (Summer 2020): 49 (2), 297–330. 

Creal, D., Tsay, R., “High-dimensional Dynamic Stochastic Copula Models.” Journal of Econometrics 189 no. 2 (2015): 335–345.

Da, R., and Xiu, D., “When Moving-Average Models Meet High-Frequency Data: Uniform Inference on Volatility,” Econometrica, Volume 89, Issue 6, November 2021, Pages 2787–2825.

David, A., Veronesi, P., “What Ties Return Volatilities to Price Valuations and Fundamentals?” Journal of Political Economy 121 no. 4 (2013): 682–746.

D’Acunto, F., Coibion, O., Gorodnichenko, Y., and Weber, M., “The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications,” Journal of Economic Perspectives, Volume 36, No. 3, Summer 2022, Page 157–184.

D’Acunto, F., Hoang, D., and Weber, M., “Managing Households’ Expectations with Unconventional Policies”, The Review of Financial Studies, Volume 35, Issue 4, April 2022, Pages 1597–1642.

D’Acunto, F., Malmendier, U., and Weber, M., “Gender Roles Produce Divergent Economic Expectations,” Proceedings of the National Academy of Sciences, Volume 118, No. 21, May 25, 2021.

D’Acunto, F., Malmendier, U., Ospina, J., and Weber, M., “Exposure to Grocery Prices and Inflation Expectations,” Journal of Political Economy, Volume 129, No. 5, May 2021.

D’Acunto, F., D. Hoang, M. Paloviita, and M. Weber, “IQ, Expectations, and Choice,” Review of Economic Studies, Volume 90, Issue 5, October 2023, Pages 2292–2325.

D'Acunto, F., Hoang, D., Paloviita, M., and Weber, M., "Cognitive Abilities and Inflation Expectations." American Economic Association Papers and Proceedings 109 (May 2019): 562–66. 

D'Acunto, F., Hoang, and Weber, M., "Unconventional Fiscal Policy." American Economic Association Papers and Proceedings 108 (May 2018): 519–23.

D'Acunto, F., Liu, R., Pflueger, C., and Weber, M., "Flexible Prices and Leverage," Journal of Financial Economics 129 no. 1 (July 2018): 46–68.

D’Acunto, F., D. Hoang and M. Weber, "The Effect of Unconventional Fiscal Policy on Consumption Expenditure", ifo DICE Report, Jan. 2017, Vol. 15, Issue 1, 09–11.

d’Avernas, A. and Q. Vandeweyer, “Treasury Bill Shortages and the Pricing of Short-Term Assets,” Journal of Finance, forthcoming.

DeFusco, A., C. G. Nathanson, and E. Zwick, “Speculative Dynamics of Prices and Volume,” Journal of Financial Economics, Volume 146, Issue 1, 2022, Pages 205–229.

DeMarzo, P. M. and He, Z., “Leverage Dynamics without Commitment,” Journal of Finance (June 2021): 76 (3), 1195–1250.

Diamond, D. W., Hu, Y,, and Rajan. R. G., “Liquidity, Pledgeability, and the Nature of Lending,” Journal of Financial Economics, Volume 143, Issue 3, March 2022, Pages 1275–1294.

Diamond, D.W., Hu, Y. & Rajan, R.G. “The Spillovers from Easy Liquidity and the Implications for Multilateralism,” IMF Economic Review, 68, 4–34 (2020).

Diamond, D. and Rajan, R., “Liquidity, Pledgeability, and the Nature of Lending,” Journal of Financial Economics, forthcoming.

Dinerstein, M., R. Megalokonomou, and C. Yannelis, “Human Capital Depreciation,” American Economic Review, 112 (11), 3725–3762, November 2022.

Eisenschmidt, J., Y. Ma, and A. Zhang, “Monetary Policy Transmission in Segmented Markets,” Journal of Financial Economics, Volume 151, 2024.

Eaton, C., Howell, S., and Yannelis, C., “When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education,” The Review of Financial Studies (September 2020): 33 (9), 4024–4060.

Fabo, B., Jančoková, M., Kempf, E., and Pástor, L., “Fifty Shades of QE: Comparing Findings of Central Bankers and Academics,” Journal of Monetary Economics, Volume 120, May 2021, Pages 1–20.

Fan, J., Furger, A., Xiu D., “Incorporating Global Industrial Classification Standard into Portfolio Allocation: A Simple Factor Based Large Covariance Matrix Estimator with High-Frequency Data.” Journal of Business & Economic Statistics 34 no. 4 (2016): 489–503.

Feng, G., Giglio, S., and Xiu, D., “Taming the Factor Zoo: A Test of New Factors,” Journal of Finance, Vol. 75, Issue 3, (2020), 1327-1370.

Fos, V., Tsoutsoura, M., “Shareholder Democracy in Play: Career Consequences of Proxy Contests.” Journal of Financial Economics 114 no. 2 (2014): 316–340.

Fos, V., Li, K., and Tsoutsoura, M., “Do Director Elections Matter?” The Review of Financial Studies, Vol. 31, issue 4, April 2018, 1499-1531.

Freyberger, J. and Neuhierl, A., “Dissecting Characteristics Nonparametrically,” The Review of Financial Studies, Volume 33, Issue 5, May 2020, Pages 2326–2377.

Ganong, P. and P. Noel, “Why Do Borrowers Default on Mortgages?,” The Quarterly Journal of Economics, Vol 138, Issue 2, May 2023, 1001–65.

Geczy, C., Jeffers, J. S., Musto, D., and Tucker, A. M., “Contracts with (Social) Benefits: The Implementation of Impact Investing,” Journal of Financial Economics, Volume 142, Issue 2, November 2021, Pages 697–718.

Giglio, S., Kelly, B., and Xiu, D., “Factor Models, Machine Learning, and Asset Pricing”, Forthcoming in the Annual Review of Financial Economics.

Giglio, S., Maggiori, M., Stroebel, J., “No-Bubble Condition: Model-Free Tests in Housing Markets.” Econometrica 84 no. 3 (2016): 1047–1091.

Giglio, S., Maggiori, M., Stroebel, J., “Very Long-Run Discount Rates,” Quarterly Journal of Economics 130 no. 1 (2015): 1–53.

Giglio, S., Shue, K., “No News is News: Do Markets Underreact to Nothing?” Review of Financial Studies 27 no. 12 (2014): 3389–3440.

Giglio, S. and Kelly, B., “Excess Volatility: Beyond Discount Rates,” Quarterly Journal of Economics (2018), Vol. 133, Issue 1, 71-127.

Gompers, P., Kaplan, S., Mukharlyamov, V., “What Do Private Equity Firms Say They Do?” Journal of Financial Economics 121 no. 3 (2016): 449–476."

Gormsen, N. and R. S. J. Koijen, “Financial Markets and the COVID-19 Pandemic,”Annual Review of Financial Economics, 2023 15:1, 69–89.

Gormsen, N. J. and Koijen, R. S. J., “Coronavirus: Impact on Stock Prices and Growth Expectations,” Review of Asset Pricing Studies (December 2020): 10 (4), 574–597.

Gormsen, N. and E. Lazarus, “Duration-Driven Returns,” Journal of Finance, 78(3), 1393–1447.

Gow, I. D., Larcker, D. F., and Zakolyukina, A., “Non-Answers During Conference Calls,” Journal of Accounting Research (September 2021): 59 (4), 1349–1394.

Granja, J., C. Makridis, C. Yannelis, and E. Zwick, “Did the Paycheck Protection Program Hit the Target?” Journal of Financial Economics, 145(3), September 2022, 725-61.

Gupta, A., A. Gupta, S. Howell, and C. Yannelis, “Does Private Equity Investment in Healthcare Benefit Patients? Evidence from Nursing Homes,” Review of Financial Studies, forthcoming.

Gurun, U., Matvos, G., Seru, A., “Advertising Expensive Mortgages,” Journal of Finance 71 no. 5 (2016): 2371–2416.

Hartzmark, S. M., and Solomon, D. H., “Reconsidering Returns,” The Review of Financial Studies, 2021.

Hassan, T., “Country Size, Currency Unions, and International Asset Returns.” Journal of Finance 68 no. 6 (2013): 2269–2308.

Hassan, T., Fuchs-Schundeln, N., “Natural Experiments in Macroeconomics.” Handbook of Macroeconomics 2 (North Holland, 2016), 923–1012.

Hassan, T. A., Mano, R. C., “Forward and Spot Exchange Rates in a Multi-Currency World,” The Quarterly Journal of Economics, Volume 134, Issue 1, February 2019, Pages 397–450.

Hassan, T., Mertens, T., “Information Aggregation in a Dynamic 'Stochastic General Equilibrium Model.” NBER Macroeconomics Annual 29 no. 1 (2014): 159–207.

Hassan, T. A., Hollander, S., van Lent, L., and Tahoun, A., “Firm-Level Political Risk: Measurement and Effects,” The Quarterly Journal of Economics, Volume 134, Issue 4, November 2019, Pages 2135–2202.

He, Z. and DeMarzo, P., “Leverage Dynamics without Commitment,” (June 2020), Journal of Finance (June 2021): 76 (3), 1195–1250.

He, Z., Kelly, B., and Manela, A., “Intermediary Asset Pricing: New Evidence from Many Asset Classes,” Journal of Financial Economics, (Oct. 2017), Vol. 126, Issue 1, 1-35.

He, Z., Khorrami, P., and Song, Z., “Commonality in Credit Spread Changes: Dealer Inventory and Intermediary Distress,” 2022, Review of Financial Studies, Volume 35, p. 4630–4673.

He, Z., Nagel, S., and Song, Z., “Treasury Inconvenience Yields During the COVID-19 Crisis,” Journal of Financial Economics, Volume 143, Issue 1, January 2022, Pages 57–79.

Kaplan, S. and Sorensen, M., “Are CEOs Different? Characteristics of Top Managers,” Journal of Finance, Forthcoming.

Kaplan, S., M. Sorenson and Z. Zakolyukina, “What Is CEO Overconfidence? Evidence from Executive Assessments,” Journal of Financial Economics, 145, Issue 2B, August 2022, Pages 409–425..

Kaplan, S., Rauh, J., “Family, Education, and Sources of Wealth Among the Richest Americans, 1982–2012.” American Economic Review 103 no. 3 (2013): 158–162.

Kashyap, A. K and Hoshi, T., “The Great Disconnect: The Decoupling of Wage and Price Inflation in Japan,” in Takeo Hoshi and Philip Lipscy eds. The Political Economy of the Abe Government and Abenomics Reforms, Cambridge University Press, February 2021.

Kashyap, A. K and Siegert, C., “Financial Stability Considerations and Monetary Policy,” with Caspar Siegert, International Journal of Central Banking, Special Issue: Federal Reserve System Conference on Monetary Policy—Strategy, Tools, and Communication Practices (2020): 16 (1), 231–266.

Kashyap, A. and J. Stein, “Monetary Policy when the Central Bank Shapes FinancialMarket Sentiment,” Journal of Economic Perspectives, 37 (1), Winter 2023, 53–76.

Kelly, B., Jiang, H., “Tail Risk and Asset Prices.” Review of Financial Studies 27 no. 10 (2014): 2841–2871.

Kelly, B., Lustig, H., Van Nieuwerburgh, S., “Too-Systemic-to Fail: What Option Markets Imply about Sector-Wide Government Guarantees.” American Economic Review 106, no. 6 (2016): 1278–1319.

Kelly, B., Pástor, L., Veronesi, P., “The Price of Political Uncertainty: Theory and Evidence from the Option Market.” Journal of Finance 71 no. 5 (2016): 2417–2480.

Kempf, E., “The Job Rating Game: Revolving Doors and Analyst Incentives,” Journal of Financial Economics, 2019, forthcoming.  

Kempf, E., M. Luo, L. Schäfer, and M. Tsoutsoura, “Political Ideology and International Capital Allocation,” Journal of Financial Economics, Volume 148, Issue 2, May 2023, Pages 150–173.

Kempf, E. and O. Spalt, “Attracting the Sharks: Corporate Innovation and Securities Class Action Lawsuits,” Management Science, Volume 69, Issue 3, March 2023, Pages 1323–1934, iii-iv.

Kempf, E. and Tsoutsoura, M., “Partisan Professionals: Evidence from Credit Rating Analysts,” Journal of Finance, Volume 76, Issue 6, December 2021, Pages 2805–2856.

Kermani, A. and Y. Ma, “Asset Specificity of Nonfinancial Firms,” The Quarterly Journal of Economics, Volume 138, Issue 1, February 2023, Pages 205–264.

Khoushkhou, N., Mian, A., and Sufi, A., “Partisan Bias, Economic Expectations, and Household Spending,” The Review of Economics and Statistics 1–46. May 2021,

Kleymenova, A. and R. Tomy, “Observing Enforcement: Evidence from Banking,” Journal of Accounting Research, Vol 60, Issue 4, September 2022, 1185–1646.

Kogan, Leonid and Papanikolaou, Dimitris and Seru, Amit and Stoffman, Noah. "Technological Innovation, Resource Allocation and Growth." Quarterly Journal of Economics, Volume 132, Issue 2, May (2017), Pages 665–712.

Koijen, R., Van Nieuwerburgh, S., Yogo, M., “Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice.” Journal of Finance 71 no. 2 (2016): 957–1010.

Koijen, R., Yogo, M., “The Cost of Financial Frictions for Life Insurers.” American Economic Review 105 no. 1 (2015): 445–475.

Koijen, R., Moskowitz, T., Pedersen, L.H., and Vrugt, E.B., “Carry.” Journal of Financial Economics, Nov. 2017.

Li, J., Xiu, D., “Generalized Method of Integrated Moments for High-Frequency Data.” Econometrica 84 no. 4 (2016): 1613–1633.

Looney, A. and C. Yannelis, “The Consequences of Student Loan Credit Expansions: Evidence from Three Decades of Default Cycles,” Journal of Financial Economics, 143 (2), February 2022, 771–793.

Lucca, D., Seru, A., Trebbi, F., “The Revolving Door and Worker Flows in Banking Regulation.” Journal of Monetary Economics 65(2014): 17–32.

Martin, I.W.R. and S. Nagel, “Market Efficiency in the Age of Big Data,” Journal of Financial Economics, Volume 145, Issue 1, July 2022, 154–177.

Matvos, G., Seru, A., “Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates.” Review of Financial Studies 27 no. 4 (2014): 1143–1189.

Matvos, G., Seru, A., and Silva, R.C., “Financial Market Frictions and Diversification,” (2018), Vol 127, Issue 1, 21-50.

Mian, A., Rao, K., Sufi, A., “Household Balance Sheets, Consumption, and the Economic Slump.” Quarterly Journal of Economics 128 no. 4 (2013): 1687–1726.

Mian, A. and A. Sufi, “Partisan Bias, Economics Expectations, and Household Spending,” Review of Economics and Statistics,” forthcoming.

Mian, A., and Sufi, A., “Credit Supply and Housing Speculation”, The Review of Financial Studies, Volume 35, Issue 2, February 2022, Pages 680–719.

Mian, A. and A. Sufi. "Who Bears the Cost of Recessions? The Role of House Prices and Household Debt." Handbook of Macroeconomics 2: 255-296.

Mian, A. and A. Sufi, "Finance and Business Cycles: The Credit-Driven Household Demand Channel." Journal of Economics Perspectives 32 no. 3 (Summer 2018): 31–58.

Mian, A., Sufi, A., and Verner, E., “Household Debt and Business Cycles Worldwide”, Quarterly Journal of Economics, 2017: 132: 1755-1817

Mian, A., and Sufi, A., “Fraudulent Income Overstatement on Mortgage Applications during the Credit Expansion of 2002 to 2005,” Review of Financial Studies, 2017: 30: 1831-1864

Michaely, R., Rossi, S., and Weber, M., “Signaling Safety,” Journal of Financial Economics (2021): 139 (2), 405–427. Pasten, E., Schoenle, R., and Weber, M., “The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy,” Journal of Monetary Economics (December 2020): 116, 1–22.

Nagel, S. and Z. Xu, “Dynamics of Subjective Risk Premia,” Journal of Financial Economics, forthcoming

Neuhierl, A. and Weber, M., “Monetary Policy Communication, Policy Slope, and the Stock Market,” Journal of Monetary Economics (2019), 108: 140-155.

Pástor, L., “Non-Standard Errors,” featured in the Central Banking Newsdesk, December 22, 2021.

Pástor, L., R. Stambaugh, L. Taylor, and M. Zhu, “Diseconomies of Scale in Active Management: Robust Evidence,” Critical Finance Review, 11, 593–611. 

Pástor, L., R. Stambaugh, and L. Taylor, “Dissecting Green Returns,” Journal of Financial Economics, 2022, 146, 403–424.

Pástor, L., Stambaugh, R. F., and Taylor, L. A., “Sustainable Investing in Equilibrium”, 2021, Journal of Financial Economics, Volume 142, Issue 2, November 2021, Pages 550–571.

Pástor, L., Stambaugh, R. F., and Taylor, L. A., “Fund Tradeoffs,” Journal of Financial Economics (December 2020): 138 (3), 614–634.

Pástor, L. and Veronesi, P., “Inequality Aversion, Populism, and the Backlash against Globalization,” Journal of Finance, Volume 76, Issue 6, December 2021, Pages 2857–2906.

Pástor, L., Veronesi, P., “Income Inequality and Asset Prices under Redistributive Taxation.” Journal of Monetary Economics 81 (2016): 1–20.

Pástor, L., Veronesi, P., “Political Uncertainty and Risk Premia.” Journal of Financial Economics 110 no. 3 (2013): 520–545.

Pástor, L. and Veronesi, P., “Political Cycles and Stock Returns,” Journal of Political Economy (November 2020): 128 (11).

Pástor, L., Robert F. Stambaugh, and Lucian A. Taylor. "Do Funds Make More When They Trade More?" The Journal of Finance 72, no. 4 (2017): 1483-528

Pástor, L., Robert F. Stambaugh, and Lucian A. Taylor. "Scale and skill in active management." Journal of Financial Economics 116, no. 1 (2015): 23-45

Santos, T. and P. Veronesi, “Leverage,” Journal of Financial Economics, 145 (2), Part B, August 2022, 362–386.

Sussman, A. and S. White., "Invoking the Responsible Self and Enhancing Subjective Competence: Nudges to Increase Financial Engagement" Advances in Consumer Research Volume 44 (2016): 108-112.

Song, Z., Xiu, D., “A Tale of Two Option Markets: Pricing Kernels and Volatility Risk.” Journal of Econometrics 190 no. 1 (2016): 176–196.

Stein, L. C. D. and Yannelis, C., “Financial Inclusion, Human Capital, and Wealth Accumulation: Evidence from the Freedman’s Savings Bank,” Review of Financial Studies (November 2020): 33 (11), 5333–5377.

Terry, S.J., T.M. Whited, and A. Zakolyukina, “Information versus Investment,” Review of Financial Studies, 36 (3). March 2023.

Trueblood, J. S. and Sussman, A. B., “When a Gain Becomes a Loss: The Effect of Wealth Predictions on Financial Decisions,” Cognition, Volume 215, October 2021.

Weber, M., "Cash Flow Duration and the Term Structure of Equity Returns." Journal of Financial Economics 128 no. 3 (June 2018): 486–503.

Yannelis, C. and A. L. Zhang, “Competition and Selection in Credit Markets,” Journal of Financial Economics, Volume 150, Issue 2, November 2023.