Research Papers / Publications


  • Philip Bond, Gustav Sigurdsson (Working), Commitment contracts.
  • Jonathan A. Parker, Nicholas S. Souleles, David S. Johnson, Robert McClelland (Working), Consumer Spending and the Economic Stimulus Payments of 2008.  Abstract
  • Philip Bond, Kathleen Hagerty (2009), Preventing crime waves, American Economic Journal: Microeconomics, December 2009.
  • Franklin Allen, Ana Babus, Elena Carletti (2009), Financial Crises: Theory and Evidence, Annual Review of Financial Economics, December 2009.
  • Alex Edmans (2009), Blockholder Trading, Market Efficiency, and Managerial Myopia, Journal of Finance, 64 (6), 2481 - 2513.  Abstract
  • Alex Edmans, Xavier Gabaix, Augustin Landier (2009), A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium, Review of Financial Studies, 22 (12), 4881 - 4917.  Abstract
  • Martin Besfamille, Cecilia Parlatore Siritto (2009), Modernization of Tax Administration, Journal of Public Economic Theory, 11 (6), 897 - 926.  Abstract
  • Ulf Axelson, Philip Bond (Working), Investment banking (and other high profile) careers.
  • Ivan Shaliastovich (Working), Learning, Confidence and Option Prices.  Abstract
  • Philip Bond, Andrew F. Newman (2009), Prohibitions on punishments in private contracts, Journal of Financial Intermediation, 18 (4), 526 - 540.
  • Joao F. Gomes, Leonid Kogan, Motohiro Yogo (2009), Durability of Output and Expected Stock Returns, Journal of Political Economy, 117 (5), 941 - 986.  Abstract  Related Materials
  • Franklin Allen, Elena Carletti, Robert Marquez (2009), Credit Market Competition and Capital Regulation, Forthcoming, Review of Financial Studies  Abstract
  • Philip Bond, Hulya Eraslan (2009), Information-based trade, Journal of Economic Theory, September 2009.
  • Lukasz Drozd (2009), The Nontradable Goods' Real Exchange Rate Puzzle, NBER/International Seminar on Macroeconomics, 2009, 227 - 264.  
  • Lubos Pastor, Robert F. Stambaugh (2009), Predictive Systems: Living with Imperfect Predictors, Journal of Finance, 1583-1628.  Abstract
  • Franklin Allen, Elena Carletti, Douglas Gale (2009), Interbank Market Liquidity and Central Bank Intervention, Journal of Monetary Economics, 56 (5), 639 - 652.  Abstract
  • Pavel G. Savor, Qui Lu (2009), Do Stock Mergers Create Value for Acquirers?, Journal of Finance    Abstract
  • Philipp Illeditsch (Working), Inflation Risk and Inflation-Protected and Nominal Bonds.  Abstract
  • Christian Goulding (2009), Detection and identification of an unobservable change in the distribution of a Markov-modulated random sequence (with S. Dayanik), IEEE Transactions on Information Theory  Abstract
  • Robert W. Holthausen (2009), Accounting Standards, Financial Reporting Outcomes and Enforcement, Journal of Accounting Research, 47 (2), 447 - 458.  Abstract
  • Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu, Nicholas S. Souleles (Working), Benefits of Relationship Banking: Evidence from Consumer Credit Markets.  Abstract
  • Rich Evans, Christopher Geczy, David Musto, Adam V. Reed (2009), Failure is an Option: Impediments to Short Selling and Options Prices, Review of Financial Studies, Forthcoming.  Abstract
  • Kerwin Kofi Charles, Erik Hurst, Nikolai Roussanov (2009), Conspicuous Consumption and Race, Quarterly Journal of Economics, May 2009.  Abstract
  • Markus K. Brunnermeier, Motohiro Yogo (2009), A Note on Liquidity Risk Management, American Economic Review: Papers and Proceedings, 99 (2), 578 - 583.
  • Andrew B Abel, Janice C. Eberly, Stavros Panageas (Working), Optimal Inattention to the Stock Market with Information Costs and Transactions Costs.    Abstract
  • Gregory Nini, David Smith, Amir Sufi (2009), Creditor Control Rights and Firm Investment Policy, Journal of Financial Economics, 92 (3), 400 - 420.
  • Chua, C.T., Krishna Ramaswamy, Robert A. Stine (2009), Predicting Short-Term Eurodollar futures, Journal of Fixed Income, 18, 47 - 61.  
  • Fernando Ferreira, Joseph Gyourko (2009), Do Political Parties Matter? Evidence From U.S. Cities, Quarterly Journal of Economics, Vol. 124, no. 1: 399-422, 124 (1), 399 - 422.    Abstract
  • Jessica Wachter, Missaka Warusawitharana (2009), Predictable Returns and Asset Allocation: Should a Skeptical Investor Time the Market?, Journal of Econometrics, 148, 162 - 178.  Abstract
  • Susan M Wachter, Andrey Pavlov (2009), Mortgage Put Options and Real Estate Markets, Journal of Real Estate Finance and Economics, 89-103.  Abstract
  • Franklin Allen, Ana Babus (2009), Networks in Finance, The Network Challenge, Edited by Paul Kleindorfer and Jerry Wind, Wharton School Publishing, 367-382.
  • Franklin Allen, Jun “QJ” Qian, Meijun Qian, Mengxin Zhao (2009), A Review of China’s Financial System and Initiatives for the Future, China's Emerging Financial Markets, Edited by James A. Barth, John A. Tatom and Glenn Yago, The Milken Institute Series on Financial Innovation and Economic Growth, 2009.  Abstract
  • Philip Bond (2009), Contracting in the Presence of Judicial Agency, The B.E. Journal of Theoretical Economics, 9 (1).
  • Luke Taylor, Lubos Pastor, Pietro Veronesi (2009), Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Profitability, The Review of Financial Studies, 22 (8), 3005 - 3046.  Abstract
  • Philip Bond, David Musto, Bilge Yilmaz (2009), Predatory Mortgage Lending, Journal of Financial Economics, 94, 412 - 427.  Abstract