1.
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This is the replication package for "Optimal Bank Regulation in the Presence of Credit and Run Risk," published by the Journal of Political Economy in 20 [...]
22 June 2023 |
Finance; Macroeconomics |
Dataset |
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2.
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We modify the 1983 Diamond and Dybvig model so that banks offer liquidity services to depositors, raise equity funding, make risky loans, and invest in safe, liquid asset [...]
09 February 2024 |
Finance; Macroeconomics |
Article |
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3.
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Financial crises typically occur because firms and financial institutions are highly exposed to aggregate shocks. We propose a theory to explain these exposures. We study [...]
08 February 2023 |
Macroeconomics |
Article |
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4.
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We show that multinational firms transmit shocks across countries through their internal capital markets. We study a credit supply shock to parent firms in Germany. Inter [...]
08 April 2024 |
Macroeconomics |
Article |
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5.
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We propose a methodology exploiting time diary data and “leisure Engel curves” to infer quality changes across leisure activities and measure the effects on the margi [...]
18 December 2020 |
Macroeconomics |
Article |
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6.
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Preferences that accommodate aversion to subjective uncertainty and its potential misspecification in dynamic settings are a valuable tool of analysis in many disciplines [...]
28 August 2018 |
Kenneth C. Griffin Department of Economics; Macroeconomics; Microeconomics; Statistics |
Article |
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7.
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This paper develops a method informed by data and models to recover information about investor beliefs. Our approach uses information embedded in forward-looking asset pr [...]
01 December 2020 |
Macroeconomics; Microeconomics; Statistics |
Article |
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8.
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Policymaking during a pandemic can be extremely challenging. As COVID-19 is a new disease and its global impacts are unprecedented, decisions are taken in a highly uncert [...]
26 January 2021 |
Macroeconomics; Microeconomics; Statistics |
Article |
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9.
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What are “deep uncertainties” and how should their presence influence prudent decisions? To address these questions, we bring ideas from robust control theory into st [...]
23 October 2023 |
Kenneth C. Griffin Department of Economics; Finance; Macroeconomics; Statistics |
Article |
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10.
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No abstract
27 January 2009 |
Kenneth C. Griffin Department of Economics; Macroeconomics; Microeconomics |
Article |
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11.
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This paper revisits the New Keynesian framework, theoretically and quantitatively, in an economy with multiple sectors and input-output linkages. Analytical expressions f [...]
02 August 2023 |
Macroeconomics |
Article |
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12.
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Multinational Enterprises (MNEs) periodically decide on both which products to launch (or phase out) and in which global regions, thereby conducting an integrated product [...]
12 April 2023 |
Macroeconomics; Microeconomics |
Article |
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13.
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A decision maker is averse to not knowing a prior over a set of restricted structured models (ambiguity) and suspects that each structured model is misspecified. The deci [...]
12 January 2022 |
Kenneth C. Griffin Department of Economics; Finance; Macroeconomics; Statistics; Social Sciences |
Article |
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14.
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We quantify and study state-level economic policy uncertainty. Tapping digital archives for nearly 3500 local newspapers, we construct three monthly indexes for each stat [...]
03 November 2022 |
Macroeconomics |
Article |
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15.
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We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards, building on Baker et al. (2016). Each index reflects the frequency of newsp [...]
04 February 2022 |
Macroeconomics |
Article |
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16.
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Climate change poses an important policy challenge for governments around the world. The challenge is made all that much more difficult because of the multitude of potent [...]
17 January 2022 |
Kenneth C. Griffin Department of Economics; Finance; Macroeconomics; Statistics; Social Sciences |
Article |
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17.
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We study asset pricing implications of a revealing and tractable formulation of smooth ambiguity investor preferences in a continuous-time environment. Investors do not o [...]
30 June 2022 |
Kenneth C. Griffin Department of Economics; Finance; Macroeconomics; Statistics; Social Sciences |
Article |
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18.
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We study the transmission of monetary policy through risk premia in a heterogeneous agent New Keynesian environment. Heterogeneity in households' marginal propensity to t [...]
14 October 2022 |
Macroeconomics |
Article |
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