Kyle Dempsey

I am an Assistant Professor in the Department of Economics at The Ohio State University. My research focuses on how financial regulations, markets, and contracts shape macroeconomic outcomes. 

Email: dempsey [dot] 164 [at] osu [dot] edu

Office: 444 Arps Hall

CV: pdf



A Quantitative Theory of the Credit Score

Econometrica, Vol. 91, No. 5 (September 2023), pp. 1803-1840

with Satyajit Chatterjee, Dean Corbae, and Jose-Victor Rios-Rull

Online Appendix Additional Materials NBER Working Paper

previously circulated as "A Theory of Credit Scoring and the Competitive Pricing of Default Risk"

Under Revision

Capital Requirements with Non-Bank Finance

conditionally accepted, Review of Economic Studies (new draft coming soon!)

ECB Working Paper Duke School of Law FinReg Blog Post

winner, ECB Lamfalussy Fellowship

previously circulated as "Safer Banks, Riskier Economy? Capital Requirements with Non-Bank Finance"

Borrowing Premia in Unsecured Credit Markets

JPE: Macro (revision requested June 2023)

with Felicia Ionescu


previously circulated as "Lending Standards and Borrowing Premia over the Business Cycle"

Working Papers

A Quantitative Theory of Relationship Lending

(January 2024, new draft!)

with Miguel Faria-e-Castro


Saving for a Sunny Day: An Alternative Theory of Precautionary Savings

(June 2023)

with Luigi-Maria Briglia, Satyajit Chatterjee, Dean Corbae, and Jose-Victor Rios-Rull


What are Bank Lending Standards?

(coming soon)

with David Glancy and Felicia Ionescu

Who are the Credit Revolvers? An Empirical and Theoretical Investigation

(coming soon)

with Felicia Ionescu and Gajendran Raveendranathan