2023

The Debt-Inflation Channel and the German Hyperinflation by Brunnermeier, Correia, Luck, Verner, Zimmermann | PDF

The Secular Decline in Interest Rates and the Rise of Shadow Banks by Sarto & Wang| PDF

Choosing Pension Fund Investment Consultants by Andonov, Bonetti, Stefanescu | PDF

Preparing for the Storm: Firm Policies and Recession Risk by Kakhbod, Livdan, Reppen, Umar | PDF

The Passthrough of Treasury Supply to Bank Deposit Funding by Li, Ma, & Zhao| PDF

2022

Inflation and Individual Investors’ Behavior: Evidence from the German Hyperinflation

by Braggion, von Meyerinck & Schaub | 

Credit Crunches and the Great Stagflation

by Drechsler, Savov & Schnabl | PDF

Treasury Bill Shortages and the Pricing of  Short-Term Assets

by D’Avernas & Vandeweyer| PDF

Zombie Lending and Policy Traps

by Acharya, Lenzu & Wang | PDF 

2021

Expectations and Bank Lending

by Ma, Paligorova & Peydro | PDF

Dynamic Banking and the Value of Deposits

by Bolton, Li, Wang & Yang | PDF

Did Banks Pay “Fair” Returns to Taxpayers on TARP?

by Flanagan & Purnanandam |  PDF

Surving the Cycle: Cyclical Investment Opportunities and Firms’ Risky Financial Assets

by Huang & Sacchetto | PDF

2020

The Decline of Secure Debt

by Benmelech, Kumar & Rajan |  PDF

Credit Booms, Financial Crises and Macroprudential Policy

by Gertler, Kiyotaki & Prestipino | PDF

All you Need is Cash

by Joseph, Kneer & van Horen | PDF

2019

Foreseen Risk

by Gomes, Grotteria, Wachter | PDF

Firm Heterogeneity, Credit Spreads, and Monetary Policy

by Anderson & Cesa-Bianchi | PDF

Banks as Regulated Traders

by Falato, Iercosan, Zikes | PDF

2018

Government Guarantees and the Valuation of American Banks

PDF

Fragile New Economy: The Rise of Intangible Capital and Financial Instability 

|  PDF

Dynamic Bank Capital Requirements

|  PDF

OTC Intermediaries

PDF

Do Intermediaries Matter for Aggregate Asset Prices?

PDF

Money Markets, Collateral and Monetary Policy

PDF

2017

Hidden Cost of Better Bank Services: Carefree Depositors in Riskier Banks

| PDF

2016

Risk Management in Financial Institutions

PDF

Banks Interconnectivity and Leverage

|   PDF

Elenev, Landvoigt, Van Nieuwerburgh: Phasing-out the GSEs

PDF

Zero-Risk Weights and Capital Misallocation

PDF

Leverage Restrictions in a Business Cycle Model

PDF

2015

Self-Fullling Debt Crises: A Quantitative Analysis

PDF

The Deposits Channel of Monetary Policy

PDF

The Transmission of Monetary Policy through Bank Lending: The Floating Rate Channel

PDF

Taxes and Bank Capital Structure

PDF

Can Big Players Affect Aggregate Lending Fluctuations? Evidence From Banks’ Acquisitions

PDF