Tyler Muir

Tyler Muir

Associate Professor of Finance, UCLA Anderson School of Management

NBER Faculty Research Fellow

Email: tyler.muir <at> anderson.ucla.edu

Research Papers

Google Scholar Profile

Working Papers:

16. Whatever it Takes? The Impact of Conditional Policy Promises, work in progress (with Valentin Haddad and Alan Moreira)

15. 1930: First Modern Crisis (with Gary Gorton and Toomas Laarits)

14. Hedging Risk Factors (with Bernard Herskovic and Alan Moreira)

13. The Cost of Capital of the Financial Sector (with Tobias Adrian and Evan Friedman).

12. How Credit Cycles Across a Financial Crisis (with Arvind Krishnamurthy). R&R

Publications / Forthcoming Articles:

11. Volatility Expectations and Returns (with Lars Lochstoer). Journal of Finance, forthcoming.

10. Intermediaries and Asset Prices: Evidence from the U.S., U.K., and Japan, 1870-2016 (with Matt Baron). Review of Financial Studies, forthcoming

9. When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response (with Valentin Haddad and Alan Moreira) Slides . Review of Financial Studies, October 2021.

8. Do Intermediaries Matter for Aggregate Asset Prices? (with Valentin Haddad). Journal of Finance, December 2021. Video Presentation at the NBER Long-Term Asset Management

7. Mobile Collateral vs Immobile Collateral (with Gary Gorton and Toomas Laarits). Journal of Money Credit and Banking, forthcoming. Media Coverage: Bloomberg

6. Is Risk Mispriced in a Credit Boom? Prepared for the INET Private Debt Initiative.

5. Should Long-Term Investors Time Volatility? (with Alan Moreira). Journal of Financial Economics, March 2019 [Lead Article]

4. Volatility-Managed Portfolios (with Alan Moreira) [Internet Appendix]. Journal of Finance, August 2017. Slides. Video Presentation at the NBER Long-Term Asset Management. Media coverage: Financial Times (FT 2018), CNBC, USA Today

3. Financial Crises and Risk Premia. Quarterly Journal of Economics, May 2017

2. Aggregate External Financing and Savings Waves (with Andrea Eisfeldt). Journal of Monetary Economics, December 2016

1. Financial Intermediaries and the Cross-Section of Asset Returns (with Tobias Adrian and Erkko Etula) [Web Appendix]. Journal of Finance, December 2014. Winner of the 2015 Journal of Finance Amundi Smith Breeden Prize, Distinguished Paper. Slides. Data. Video Presentation at the Utah Winter Finance Conference. NBER discussion of He, Kelly, Manela (2017), related paper using different intermediary SDF

Other Material

Slides on Intermediary Asset Pricing presented at FMA (overview / survey)