Working Papers

Environmental Health Risks, Property Values and Neighborhood Composition, with Joao Cocco, Marco Grotteria, and S Lakshmi Naaraayanan , R&R

Monetary Policy Wedges and the Long-term Liabilities of Households and Firms, with Marco Grotteria, NBER Working Paper 32137 

Career Concerns, Short-Termism, and Real Options: The Case of Delegated Money Management, with Rang Xin, Jungsuk Han and Hongxun Ruan, R&R  

The Future of Emissions, with Andreas Brogger 

The Factor Multiverse: The Role of Interest Rates in Factor Discovery, with Liang Ma and Mike Schwert

(Almost) 200 Years of News-Based Economic Sentiment, with Svetlana Bryzgalova, Mayukh Mukhopadhyay and Varun Sharma, NBER Working Paper 32026, R&R

Textual Analysis of Short-seller Research Reports, Stock Prices and Real Investment, with with Xiao Han and Alejandro Lopez-Lira

The Effectiveness of Life-Preserving Investments in Times of COVID-19 with Christian Opp. NBER working paper 27382

Granular Economies with Christian Opp

Capital Allocation and the Market for Mutual Funds: Inspecting the Mechanism, with John Kim and Soohun Kim, R&R