Diagnostic expectations and the macroeconomy, with George Constantinides (U Chicago, NBER)
Chicago Booth Fama-Miller Research Paper No. 25-08.
Investor overreaction explains macroeconomic fluctuations around the world.
Optimal COVID restrictions: Is policy making rational during uncertain times?, with Valerio Potì (UC Dublin)
Governments may not act as optimizing agents under high levels of uncertainty.
Risk, return, and sentiment in a virtual asset market, with Remco Zwinkels (VU Amsterdam, Tinbergen Institute)
A quasi-natural experiment shows that equity spreads reflect a large behavioral component.
Sentiment and environmental performance, with George Constantinides (U Chicago, NBER)
Consumer optimism reduces emissions through better resource utilization.
Technological greenness and long-run performance, with Stefano Battiston (U Zurich, U Venice, CEPR) and Irene Monasterolo (U Utrecht, CEPR)
CEPR Discussion Paper No. 19337.
Firms that invest in green technologies are better firms all round.