Our primary faculty research groups are focused in our five core areas: applied microeconomics, econometrics, economic theory, finance, and macroeconomics. Our joint faculty includes experts from the Carey Business School and the School of Advanced International Studies.
Finance Group
Coverage includes: applied and theoretical finance, bankruptcy, corporate re-structuring, financial econometrics, financial regulation, fixed income securities, sovereign lending
- Faculty: Brendan Daley, Greg Duffee, Olivier Jeanne, Jonathan Wright
- Jointly Appointed Faculty: Alessandro Rebucci (Carey Business School)
- Undergraduate minor in financial economics offered in conjunction with the Center for Financial Economics
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The Prestakes of Stock Market Investing
How rational is the stock market and how efficiently does it process information? We use machine learning to establish a practical measure of rational and efficient expectation formation while identifying […]
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Expected Inflation and Other Determinants of Treasury Yields
Shocks to nominal bond yields consist of news about expected future inflation, expected future real short rates, and expected excess returns—all over the bond’s life. I estimate the magnitude of […]
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Belief Distortions and Macroeconomic Fluctuations
This paper combines a data-rich environment with a machine learning algorithm to provide new estimates of time-varying systematic expectational errors (“belief distortions”) embedded in survey responses. We find sizable distortions […]
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Bargaining and News
We study a bargaining model in which a buyer makes frequent offers to a privately informed seller, while gradually learning about the seller’s type from “news.” We show that the […]
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Macroprudential Regulation Versus Mopping Up After the Crash
How should macroprudential policy be designed when policymakers also have access to liquidity provision tools to manage crises? We show in a tractable model of systemic banking risk that there […]
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Understanding U.S. Inflation During the COVID Era
The paper summarized here is part of the Fall 2022 edition of the Brookings Papers on Economic Activity (BPEA), the leading conference series and journal in economics for timely, cutting-edge […]
