Published and Forthcoming Papers 

• A Quantitative Model of Dynamic Moral Hazard, with Hengjie Ai and Rui Li  // Review of Financial Studies, forthcoming

• “A Unified Model of Firm Dynamics with Limited Commitment and Assortative Matching”, with Hengjie Ai, Rui Li, and Jincheng Tong  // Journal of Finance, 76 (1), 2021

• “Risks for the Long Run: Estimation with Time Aggregation”,   with Ravi Bansal and Amir Yaron  // Journal of Monetary Economics, 82, 2016

• “Volatility Risks and Growth Options” , with Hengjie Ai // Management Science, 62 (3), 2016

• “Volatility, the Macroeconomy and Asset Prices” , with Ravi Bansal, Ivan Shaliastovich and Amir Yaron // Journal of Finance, 69 (6), 2014

• “Growth to Value: Option Exercise and the Cross-Section of Equity Returns” , with Hengjie Ai // Journal of Financial Economics, 107 (2), 2013

• “An Empirical Evaluation of the Long-Run Risks Model for Asset Prices”, with Ravi Bansal and Amir Yaron // Critical Finance Review, 1, 2012

• “Cointegration and Long-Run Asset Allocation” , with Ravi Bansal // Journal of Business and Economic Statistics, 29 (1), 2011

• “Long Run Risks, the Macroeconomy, and Asset Prices”, with Ravi Bansal and Amir Yaron // American Economic Review: Papers & Proceedings, 100 (2), 2010

• “Cointegration and Consumption Risks in Asset Returns”, with Ravi Bansal and Robert Dittmar // Review of Financial Studies, 22 (3), 2009

Current Working Papers 

• “Climate Change Risk” with Ravi Bansal and Marcelo Ochoa

• “Climate Change and Growth Risks” with Ravi Bansal and Marcelo Ochoa

Permanent Working Papers 

• “Is the Value Premium a Puzzle?” (2007)