Current Working Papers

2021

01-21
The Effectiveness of Life-Preserving Investments in Times of COVID-19
Jules H. van Binsbergen and Christian C. Opp

02-21
A Horizon-Based Decomposition of Mutual Fund Value Added  Using Transaction
Jules van Binsbergen, Jungsuk Han, Hongxun Ruan and Ran Xing

03-21
Conflicts of Interest in Municipal Bond Advising and Underwriting
Daniel G. Garrett

04-21
Monetary Transmission through Bank Balance Sheet Synergies
William Diamond, Zhenyang Jiang and Yiming Ma

05-21
Financial Fragility in the COVID-19 Crisis:  The Case of Investment Funds in Corporate Bond Markets
Antonio Falato, Itay Goldstein and Ali Hortacsu

06-21
Bank Heterogeneity and Financial Stability
Itay Goldstein, Alexandr Kopytov, Lin Shen and Haotian Xiang

07-21
The Real Effects of Modern Information Technologies
Itay Goldstein, Shijie Yang and Luo Zuo

08-21
The Two-Pillar Policy for the RMB
Urban Jermann, Bin Wei and Vivian Z. Yue

9-21
Common Ownership and Innovation Efficiency
Xuelin Li, Tong Liu and Lucian A. Taylor

10-21
Technical Change and Entrepreneurship
Sergio Salgado

11-21
Social Security and Trends in Wealth Inequality
Sylvain Catherine, MaxMiller and Natasha Sarin

12-21
A Model of Two Days:  Discrete News and Asset Prices
Jessica A. Wachter and Yicheng Zhu

13-21
Arbitraging Covered Interest Rate Parity Deviations and Bank Lending
Lorena Keller