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Published Papers

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Journal of Finance

April 2026

Finance

Demand in the Option Market and the Pricing Kernel

Caio AlmeidaGustavo Freire

Journal of Finance

April 2026

American Economic Review: Insights

February 2026

Insurance

Inverse selection

Markus BrunnermeierRohit LambaCarlos Segura-Rodriguez

American Economic Review: Insights

February 2026

Review of Finance

February 2026

Asset Pricing

Tail Risk and Asset Prices in the Short-term

Caio AlmeidaGustavo FreireRené GarciaRodrigo Hizmeri

Review of Finance

February 2026

Annual Review of Financial Economics

November 2025

Finance

Systemic Risk Measures: From the Panic of 1907 to the Banking Stress of 2023

Viral V. AcharyaMarkus BrunnermeierDiane Pierret

Annual Review of Financial Economics

November 2025

Journal of Financial Economics

December 2025

Finance

Heterogeneous clienteles and dealer networks

Journal of Financial Economics

December 2025

American Economic Review

July 2025

Macrofinance

The Debt-Inflation Channel of the German (Hyper-)inflation

Markus BrunnermeierSergio CorreiaStephan LuckEmil VernerTom Zimmermann

American Economic Review

July 2025

American Economic Review: Insights

June 2025

Finance

Information Acquisition and Time-Risk Preference

Daniel ChenWeijie Zhong

American Economic Review: Insights

June 2025

Journal of Financial Economics

April 2025

Finance

Financial Inclusion Across the United States

Journal of Financial Economics

April 2025

Review of Economic Studies

July 2024

Finance

Which Investors Matter for Equity Valuations and Expected Returns?

Motohiro YogoRalph S J KoijenRobert J Richmond

Review of Economic Studies

July 2024

Journal of Business and Economic Statistics

2023

Finance

Constrained Polynomial Likelihood

Caio AlmeidaPaul Schneider

Journal of Business and Economic Statistics

2023

Journal of Economic Perspectives

Winter 2023

Monetary Economics

Landings, Soft and Hard: The Federal Reserve, 1965–2022

Journal of Economic Perspectives

Winter 2023

Journal of Financial and Quantitative Analysis

2023

Finance

High-Frequency Tail Risk Premium and Stock Return Predictability

Caio AlmeidaKym ArdisonRene GarciaPiotr OrłowskiGustavo Freire

Journal of Financial and Quantitative Analysis

2023

Journal of Business and Economic Statistics

2023

Finance

Nonparametric Option Pricing with Generalized Entropic Estimators

Caio AlmeidaKym ArdisonRafael AzevedoGustavo Freire

Journal of Business and Economic Statistics

2023

Journal of Business and Economic Statistics

2023

Finance

Can a Machine Correct Option Pricing Models?

Caio AlmeidaJianqing FanGustavo FreireFrancesca Tang

Journal of Business and Economic Statistics

2023

American Economic Review

August 2023

Monetary Economics

The Reversal Interest Rate

American Economic Review

August 2023

INFORMS Management Science

April 2023

Digital Currency

A Model of Cryptocurrencies

Wei XiongMichael Sockin

INFORMS Management Science

April 2023

Journal of Econometrics

April 2023

Econometrics

High-frequency Market Making: The Role of Speed

Yacine Ait-SahaliaMehmet Sağlam

Journal of Econometrics

April 2023

Econometrica

March 17, 2023

Econometrics

Dynamic Spatial General Equilibrium

Econometrica

March 17, 2023

American Economic Journal: Macroeconomics

March 12, 2023

Insurance

International Friends and Enemies

American Economic Journal: Macroeconomics

March 12, 2023

American Economic Review: Insights

March 2023

Finance

Understanding the Ownership Structure of Corporate Bonds

Motohiro YogoRalph S. J. Koijen

American Economic Review: Insights

March 2023