Publications

Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment

Arvind Krishnamurthy, Wenhao Li

Journal of Political Economy March2025 Vol. 133 Issue 3

Bank Funding Risk, Reference Rates, and Credit Supply

Harry Cooperman, Darrell Duffie, Stephan Luck, Zachry Wang, Yilin (David) Yang

The Journal of Finance February2025 Pages 5–56.

Four Facts About ESG Beliefs and Investor Portfolios

Stefano Giglio, Matteo Maggiori, Johannes Stroebel, Zhenhao Tan, Stephen Utkus, Xiao Xu

Journal of Financial Economics February2025 Vol. 164

Reserves Were Not So Ample after All

Adam Copeland, Darrell Duffie, Yilin (David) Yang

Quarterly Journal of Economics February2025 Vol. 140 Issue 2 Pages 239–281.

The Impact of Impact Investing

Jonathan B. Berk, Jules H. van Binsbergen

Journal of Financial Economics February2025 Vol. 164

Trading Stocks Builds Financial Confidence and Compresses the Gender Gap

Saumitra Jha, Moses Shayo

Economic Journal January52025 Vol. 135 Issue 665 Pages 235–263.

Continuous-Time Random Matching

Darrell Duffie, Lei Qiao, Yeneng Sun

Annals of Applied Probability (forthcoming) January2025

Margin Rules and Margin Trading: Past, Present, and Implications

Zhuo Chen, Zhiguo He, Wei Wei

Annual Review of Financial Economics November2024 Vol. 16 Pages 153–177.

Agency MBS as Safe Assets

Zhiguo He, Zhaogang Song

forthcoming, Review of Financial Studies October212024

Dollar Safety and the Global Financial Cycle

Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig

The Review of Economic Studies October2024 Vol. 91 Issue 5 Pages 2978-2915.

Valuing Long-Term Property Rights with Anticipated Political Regime Shifts

Zhiguo He, Maggie Rong Hu, Zhenping Wang, Vincent Yao

American Economic Review September262024 Vol. 114 Issue 9 Pages 2701–2747.

Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?

Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski, Amit Seru

Journal of Financial Economics September2024 Vol. 159

The Problem of Good Conduct Among Financial Advisers

Mark Egan, Gregor Matvos, Amit Seru

Journal of Economic Perspectives September2024 Vol. 38 Issue 4 Pages 193–210.

The Drivers and Implications of Retail Margin Trading

Zhiguo He, Jiangze Bian, Dong Lou, Kelly Shue, Zhi Da, Hao Zhou

Journal of Finance August102024

The Drivers and Implications of Retail Margin Trading

Zhiguo He, Jiangze Bian, Zhi Da, Dong Lou, Kelly Shue, Hao Zhou

Journal of Finance August102024 Vol. forthcoming

Global Capital Allocation

Sergio Florez-Orrego, Matteo Maggiori, Jesse Schreger, Ziwen Sun, Serdil Tinda

Annual Review of Economics August2024 Vol. 16 Pages 623–653.

Expectations and the Neutrality of Interest Rates

John H. Cochrane

Review of Economic Dynamics July2024 Vol. 53

Real Effects of Supplying Safe Private Money

He Yang

Journal of Financial Economics July2024 Vol. 157

Searching for Approval

Sumit Agarwal, John Grigsby, Ali Hortaçsu, Gregor Matvos, Amit Seru, Vincent Yao

Econometrica July2024 Vol. 92 Issue 4 Pages 1195–1231.

The U.S. Public Debt Valuation Puzzle

Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh, Mindy Z. Xiaolan

Econometrica July2024 Vol. 92 Issue 4 Pages 1309–1347.