Stavros Panageas

Contact Information:UCLA Anderson School of Management110 Westwood Plaza, Los Angeles, CA 90095Office: C4.08stavros.panageas@anderson.ucla.edu

What's New:

The Implications of Heterogeneity and Inequality for Asset Pricing: A Survey

Does income, preference, or belief heterogeneity matter for asset pricing? Starting with an irrelevance theorem due to Grossman and Shiller, this survey presents a unified view of the research that has studied the connection between heterogeneity and asset prices.

Link to the survey's website on Foundations and Trends in Finance

Presentation slides are available here

Running Primary Deficits Forever in a Dynamically Efficient Economy: Feasibility and Optimality (joint with A. Abel)

A Long and a Short Leg Make for a Wobbly Equilibrium (joint with N. Garleanu and G. Zheng)

Finance in a time of Disruptive Growth (joint with N. B. Garleanu)

Value without Employment (joint with S. Barkai)

Evaluating Private Equity From an Investor's Perspective (joint with A. Korteweg and V. A. Systla) - Preliminary Draft

Impediments to Financial Trade: Theory and Measurement (joint with N. Garleanu and J.Yu)

This extended version of this published paper shows how to infer the heterogeneous returns faced by different investors in a global demand system. Data are available here.