Howard Kung

London Business School

a. Curriculum Vitae

b. Publications

• Discount Rates, Debt Maturity, and the Fiscal Theory (with A. Corhay, T. Kind, and G. Morales). Journal of Finance, forthcoming.

• Threats to Central Bank Independence: High-Frequency Evidence with Twitter (w/ F. Bianchi, R. Gomez-Cram, and T. Kind). Journal of Monetary Economics, forthcoming.

  • Vox article and Press coverage: CNBC, WSJ, Reuters, Bloomberg, Brookings, Forbes

• The Origins and Effects of Macroeconomic Uncertainty (w/ F. Bianchi and M. Tirskikh). Quantitative Economics, accepted.

• Competition, markups, and predictable returns (with A. Corhay and L. Schmid). Review of Financial Studies, May 2020.

• The CAPM strikes back? An equilibrium model with disasters (with H. Bai, K. Hou, E. Li, and L. Zhang).   Journal of Financial Economics, Volume 131, Issue 2, February 2019.  

• Growth, slowdowns, and recoveries (with F. Bianchi and G. Morales). Journal of Monetary Economics, Volume 101, January 2019.

• How uncertainty affects corporate investment: The asset redeployability channel. (with H. Kim).  Review of Financial Studies, Volume 30, Issue 1, January 2017.

  • Award for Best Paper in Corporate Finance at the SFS Cavalcade 2014.

  • Data for Asset redeployability index

• Macroeconomic linkages between monetary policy and the term structure of interest rates.  Journal of Financial Economics, Volume 115, Issue 1, Pages 42-57, January 2015.

  • Replication code

• Innovation, growth, and asset prices (with L. Schmid).  Journal of Finance, Volume 70, Issue 3, Pages 1001-1037, June 2015.

  • Replication code

• Fiscal policies and asset prices (with M. Croce, T. Nguyen, and L. Schmid).  Review of Financial Studies, 25: 2635-2672, 2012 (lead article).

c. Working Papers

• Micro Uncertainty and Asset Prices (with B. Herskovic and T. Kind) 

  • Revise and Resubmit at the Journal of Financial Economics.

• Q: Risk, Rents, or Growth (w/ A. Corhay and L. Schmid) 

  • Revise and Resubmit at the Journal of Financial Economics.

• Using Social Media to Identify the Effects of Congressional Viewpoints on Asset Prices (w/ F. Bianchi and R. Gomez-Cram)

  • Revise and Resubmit at the Review of Financial Studies.

• Firm Product Concentration and Asset Prices (w/ N. Clara and A. Corhay)

• State Fiscal Policy and Municipal Credit Risk Premia (w/ L. Bretscher and A. Sahay)

• Disagreement about Innovations and Endogenous Growth (w/ C. Heyerdahl-Larsen and P. Illeditsch)

d. Other Publications and Policy Articles

• Computational methods for production-based asset pricing models with recursive utility (w/ E. Aldrich). Studies in Nonlinear Dynamics and Econometrics (25) 1, 2021.

• Slow Recoveries through Fiscal Austerity (w/ F. Bianchi, D. Comin, T. Kind, and A. Matusche). ZEW Policy Brief, 2019.

e. Permanent Working Papers

• The Present Value of Future Market Power (w/ T. Cho, M. Grotteria, and L. Kremens)

• Limited Marital Commitment and Household Portfolios (with J. Addoum and G. Morales)