New working papers
Diagnostic expectations and the macroeconomy, with George Constantinides (U Chicago)
Investor overreaction explains macroeconomic fluctuations around the world.
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.
Other working papers
Friend or foe? Bilateral political relations and the portfolio allocation of foreign institutional investors, with Stefano Lugo (U Utrecht)
Distant political relations make foreign investors sell off local risky stocks.
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.