Publications of Dimitri Vayanos

Annual Review of Financial Economics, 16, 115 - 151

We study the impact of green investors on stock prices in a dynamic equilibrium model where investors are green, passive or active. Green investors...

In January 2020, the Greek government appointed a Commission to propose a growth plan for the Greek economy. The Pissarides Commission produced a...

The Greek government appointed in January 2020 a Commission chaired by Nobel Prize winner Christopher Pissarides to propose a growth plan. The...

Atlantic Economic Journal, 51, 1–11

We develop a two-country model in which currency and bond markets are populated by different investor clienteles, and segmentation is partly overcome...

We study how passive investing affects asset prices. Flows into passive funds raise disproportionately the stock prices of the economy’s largest firms...

We study dynamic portfolio choice in a calibrated equilibrium model where value and momentum anomalies arise because capital slowly moves from under-...

The short-termism of corporate managers has been a recurring concern of policymakers for decades due to the close tie with mispricing in capital...

Econometrica, 89 (1), 77-112

We show theoretically and empirically that flows into index funds raise the prices of large stocks in the index disproportionately more than the...

Governments around the world are assisting firms to deal with the adverse effects of Covid-19. Most forms of government assistance provided so far...

Many comparisons have been made between the coronavirus crisis and the global systemic crisis in 2008. This column argues that seen through the lens...

Journal of Finance, 74 (3), 1139-1173.

Journal of Finance, 74 (1), 371-399.