Research highlights
Influential research by members of the Financial Markets Group has been published in some of the most recognised international journals in Economics and Finance, such as the American Economic Review, Econometrica, the Journal of Finance, the Journal of Financial Economics, the Journal of Political Economy, the Quarterly Journal of Economics, the Review of Economic Studies, and the Review of Financial Studies. A sample of recent papers is below.
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Unbundling Quantitative Easing: Taking a Cue from Treasury Auctions
Journal of Political Economy, 132 (9), 3115-3172
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The Gender Gap in Household Bargaining Power: A Revealed-Preference Approach
The Review of Financial Studies, hhae039
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High-frequency trading in the stock market and the costs of options market making
Journal of Financial Economics, 159, 103900
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A Theory of Socially Responsible Investment
The Review of Economic Studies, rdae048
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Scale or Yield? A Present-Value Identity
The Review of Financial Studies, 37(3), 950–988
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Personality differences and investment decision-making
Journal of Financial Economics, 153, 103776
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CEO compensation: Evidence from the field
Journal of Financial Economics, 150 (3), 103718
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Cleansing by tight credit: Rational cycles and endogenous lending standards
Journal of Financial Economics, 150(1), 46-67
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Informational Black Holes in Financial Markets
Journal of Finance, 78 (6), 3099-3140
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Why Do Boards Exist? Governance Design in the Absence of Corporate Law
Review of Financial Studies, 36 (5),1788–1836
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Corporate Capture of Blockchain Governance
Review of Financial Studies, 36 (4), 1364–1407
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Dynamic Asset-Backed Security Design
The Review of Economic Studies, 90(6), 3282–3314
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The Impact of Risk Cycles on Business Cycles: A Historical View
The Review of Financial Studies, 36(7), 2922–2961
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Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models
Journal of Finance, 78 (1), 487-557
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Asset Management Contracts and Equilibrium Prices
Journal of Political Economy, 130(12), 3146-3201
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Financial transaction taxes and the informational efficiency of financial markets: A structural estimation
Journal of Financial Economics 146(3), 1044-1072
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Measuring the welfare cost of asymmetric information in consumer credit markets
Journal of Financial Economics, 146 (3), 821-840
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Multi-asset Noisy Rational Expectations Equilibrium with Contingent Claims
The Review of Economic Studies, 89 (5), 2445–2490
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Sentiment and Speculation in a Market with Heterogeneous Beliefs
American Economic Review, 112 (8), 2465-2517
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Heterogeneous Global Booms and Busts
American Economic Review, 112 (7), 2178-2212
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Central Bank Swap Lines: Evidence on the Lender of Last Resort
The Review of Economic Studies, 89(4), 1654–1693
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Market efficiency in the age of big data
Journal of Financial Economics, 145(1), 154-177
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Ripples into waves: Trade networks, economic activity, and asset prices
Journal of Financial Economics, 145(1), 217-238
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Comomentum: Inferring Arbitrage Activity from Return Correlations
The Review of Financial Studies, 35(7), 3272–3302
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The Wall Street stampede: Exit as governance with interacting blockholders
Journal of Financial Economics, 144(2), 433-455
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Public Procurement in Law and Practice
American Economic Review, 112 (4), 1091-1117
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Extrapolative Bubbles and Trading Volume
The Review of Financial Studies, 35(4), 1682–1722
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Clients' Connections Measuring the Role of Private Information in Decentralized Markets
Journal of Finance, 77(1), 505-544
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Inflating Away the Public Debt? An Empirical Assessment
The Review of Financial Studies, 35 (3), 1553-1595
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Measuring the ex-ante incentive effects of creditor control rights during bankruptcy reorganization
Journal of Financial Economics, 143 (1), 381-408
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Exchange Rate Exposure and Firm Dynamics
The Review of Economic Studies, 89 (1), 481-514
