Working papers 

(with Amiyatosh Purnanandam), March 2015. 

(with Serhiy Kozak and Shrihari Santosh), revised June 2015. 

(with Arvind Krishnamurthy and Annette Vissing-Jorgensen) revised August 2014. 


(with Arvind Krishnamurthy) May 2013. 
Update 7/1/2014: In part in response to our note, the Federal Reserve Board has now changed its Flow of Funds calculations 

prepared for the Academic Consultants Meeting at the Federal Reserve Board, May 2012.


Published and forthcoming 

(with Ulrike Malmendier), Quarterly Journal of Economics, forthcoming.  

(with Arthur Korteweg), Journal of Finance, forthcoming.

(with Arvind Krishnamurthy and Dmitry Orlov), Journal of Finance, December 2014.

Annual Review of Financial Economics, November 2013. 

Review of Financial Studies, July 2012.

(with Ken Singleton), Journal of Finance, June 2011. 

(with Ulrike Malmendier), Quarterly Journal of Economics, February 2011.  

A Skeptical Appraisal of Asset Pricing Tests (with Jonathan Lewellen and Jay Shanken), 
Journal of Financial Economics, May 2010.
Winner of the Fama/DFA prize (second prize) for the best paper (asset pricing) in the JFE in 2010 

Inexperienced Investors and Bubbles (with Robin Greenwood) 
Journal of Financial Economics, August 2009. 

Carry Trades and Currency Crashes (with Markus Brunnermeier and Lasse Pedersen), 
NBER Macroeconomics Annual 2008.


The Effect of Dividends on Consumption (with Malcolm Baker and Jeffrey Wurgler), 
Brookings Papers on Economic Activity, Spring 2007. 

Journal of Financial Economics, November 2006. 
Winner of the Fama/DFA prize for the best paper (asset pricing) in the JFE in 2006


Hedge Funds and the Technology Bubble (with Markus Brunnermeier),  
Journal of Finance, October 2004. 
Winner of the Smith-Breeden Prize for the best paper in the Journal of Finance 2004

Capturing the Value Premium in the UK (with Elroy Dimson and Garrett Quigley)
Financial Analysts Journal, Nov/Dec 2003.  [link to data]


Published comments 

B.E. Journal of Macroeconomics, October 2012. 


Book chapters

Seeking Out Investment Value in Styles (with Elroy Dimson) 
Mastering Investment, FT Pitman Publishing, 2002, and Financial Times, March 2001. 


Older unpublished papers

revised August 2005.