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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Designing Securities for Scrutiny
We investigate the effect of scrutiny (e.g., credit ratings, analyst reports, or mandatory disclosures) on the security design problem of a privately informed issuer. We show that scrutiny has important […]
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Threats to Central Bank Independence: High-Frequency Identification with Twitter
A high-frequency approach is used to analyze the effects of President Trump’s tweets that criticize the Federal Reserve on financial markets. Identification exploits a short time window around the precise […]
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Due Diligence
We propose a model of due diligence and analyze its effect on prices, payoffs, and deal completion. In our model, if the seller accepts an offer, the winning bidder (or […]
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Market Power in Neoclassical Growth Models
This article examines the optimal accumulation of capital and the effects of government debt in neoclassical growth models in which firms have market power and therefore charge prices above marginal […]