Associate Professor
University of Chicago
Harris School of Public Policy
cpflueger@uchicago.edu
Github code: Monetary policy and asset prices
NBER Research Associate
CEPR Research Affiliate
Associate Editor, Review of Financial Studies
Back to the 1980s or Not? The Drivers of Inflation and Real Risks in Treasury Bonds, 2025
Journal of Financial Economics, 167:104027
- supported by NSF grant 2149193 - BFI Summary - AFA 2023 Inflation Panel Slides - Data: Treasury Risk Stagflation Indicators (Feb 2025)
Changing Perceptions and Post-Pandemic Monetary Policy, with Michael Bauer and Adi Sunderam, 2024 - Presentation Handout -
2024 Jackson Hole Economic Policy Symposium - Reuters - Fox Business - Economist - The Pie Podcast
Perceptions about Monetary Policy, with Michael Bauer and Adi Sunderam, 2024
Quarterly Journal of Economics, 139(4):2227-2278
- supported by NSF grant 2149193 - Code - Data - BFI Summary - Brookings - American Banker -
Commitment and Investment Distortions Under Limited Liability, with Jesse Perla and Mike Szkup, 2024
Journal of Economic Theory, 222:105926.
Inflation and Asset Returns, with Anna Cieslak, 2023
Annual Review of Financial Economics, 15:433-448
- supported by NSF grant 2149193 - BFI Summary
Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion, with Gianluca Rinaldi, 2022
Journal of Financial Economics, 146(1):71-89
- Editor's Choice - Winner of the Fama DFA prize for the best asset pricing paper in the JFE 2023 -
- supported by NSF grant 2149193 - Code repository - Slides
Financial Market Risk Perceptions and the Macroeconomy, with Emil Siriwardane and Adi Sunderam, 2020
Quarterly Journal of Economics, 135(3):1443-1491
- AQR Insight Award Finalist 2018 - Price of Volatile Stocks (December 2024)
Macroeconomic Drivers of Bond and Equity Risks, with John Y. Campbell and Luis M. Viceira, 2020
Journal of Political Economy, 128(8):3148-3185.
- Winner of the Arthur Warga Award for the Best Paper in Fixed Income at the SFS Cavalcade 2014 - Code repository
Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy, with Wenxin Du and Jesse Schreger, 2020
Journal of Finance, 75(6):3097-3138.
Flexible Prices and Leverage, with Francesco D'Acunto, Ryan Liu and Michael Weber, 2018
Journal of Financial Economics, 129(1):46-48.
Return Predictability in the Treasury Market: Real Rates, Inflation, and Liquidity, with Luis M. Viceira, 2016
Chapter 10 in Pietro Veronesi (ed.) Handbook of Fixed-Income Securities, Wiley, NJ. Data
Comment on 'Monetary Policy, Bond Returns and Debt Dynamics' by Antje Berndt and Sevin Yeltekin, 2015
Journal of Monetary Economics, 73:137-140.
Inflation Risk in Corporate Bonds, with Johnny Kang, 2015
Journal of Finance, 70(1):115-162.
A Robust Test for Weak Instruments in Stata, with Su Wang, 2015
Stata Journal, 15(1):216-225.
A Robust Test for Weak Instruments, with Jose Luis Montiel Olea, 2013
Journal of Business and Economic Statistics, 31(3):358-369.
Inflation-Indexed Bonds and the Expectations Hypothesis, with Luis M. Viceira, 2011
Annual Review of Financial Economics, 3:139-158.
Modeling Dependencies Between Rating Categories and Their Effects on Prediction in a Credit Risk Portfolio, with Claudia Czado, 2008
Applied Stochastic Models in Business and Industry, 24(3):237-259.
