Ying Wang on Macro Effects of Micro Shocks with Credit Market Imperfections
Ying Wang
Student Research Workshop
Princeton Community
February 28, 2024 12:20 pm - 1:15 pm
Maximilian Konradt on Do pension funds reach for yield? Evidence from a new database
Maximilian Konradt
Student Research Workshop
Princeton Community
February 21, 2024 12:15 pm - 1:15 pm
Ion Lucas Saru on Who Knows? Information Differences Between Trader Types
Ion Lucas Saru
Student Research Workshop
Princeton Community
February 14, 2024 12:15 pm - 1:15 pm
William Zhao on The Cost of Delay: Evidence from the Ethereum Transaction Fee Market
William Zhao
Student Research Workshop
Princeton Community
February 7, 2024 12:15 pm - 1:15 pm
Daniel Chen on Optimal Exchange Design
Daniel Chen
Student Research Workshop
Princeton Community
December 5, 2023 12:15 pm - 1:15 pm
Max Alston on Government debt duration and monetary policy transmission
Max Alston
Student Research Workshop
Princeton Community
November 28, 2023 12:15 pm - 1:15 pm
Joseph Abadi on Token-Based Platform Governance
Joseph Abadi
Student Research Workshop
Princeton Community
November 21, 2023 12:15 pm - 1:15 pm
George Nikolakoudis on Input Choice under Uncertainty: The Emergence of Endogenous Supply Chain Risk
Georgios Nikolakoudis
Student Research Workshop
Princeton Community
November 14, 2023 12:15 pm - 1:15 pm
Nicolas Hommel on Invoicing Currency Heterogeneity and International Price Rigidities
Nicolas Hommel
Student Research Workshop
Princeton Community
November 7, 2023 12:15 pm - 1:15 pm
Yinjie Yu on A Model of Optimal QE and QT with Segmented Bond Market and Liquidity Regulations and Samya Aboutajdine on Conventional Monetary Policies for Unconventional Times: Tracking Monetary Policy Bounds Using Microheterogeneity
Yinjie Yu and Samya Aboutajdine
Student Research Workshop
Princeton Community
October 31, 2023 12:15 pm - 1:15 pm
Kevin Cui on Tradeoff between Segmentation and Asset Fragility -- Evidence from Municipal Bond Market
Kevin Cui
Student Research Workshop
Princeton Community
October 24, 2023 12:15 pm - 1:15 pm
Victor Degorce on Covered Interest Parity: The long-run evidence
Victor Degorce
Student Research Workshop
Princeton Community
October 10, 2023 12:15 pm - 1:15 pm
Piotr Orlowski on A unified model of the cross-sections of stock and corporate bond returns
Piotr Orlowski
Student Research Workshop
Princeton Community
October 3, 2023 12:15 pm - 1:15 pm
Francisco Cabezon on The Unequal Protection of Social Security in the Presence of Informality: Theory and Evidence from Chile
Francisco Cabezon
Student Research Workshop
Princeton Community
September 19, 2023 12:15 pm - 1:15 pm
Derek Wenning on Equal Prices, Unequal Access: The Extensive Margin Effects of Uniform Pricing
Derek Wenning
Student Research Workshop
Princeton Community
September 12, 2023 12:15 pm - 1:15 pm
Lintong Li on Aggregate Demand and Irreversible Investment
Lintong Li
Student Research Workshop
Princeton Community
September 5, 2023 12:15 pm - 1:15 pm
Narek Alexanian on Cash Multipliers and Nominal Debt Contracts
Narek Alexanian
Student Research Workshop
Princeton Community
April 25, 2023 12:15 pm - 1:15 pm
Narek Alexanian on Outside and Inside Money Revisited and Yinan Qiu on Do international equity funds benefit from managers' foreign education backgrounds
Narek Alexanian Abstract:
Cash (outside money) or credit (inside money) can be used as a medium of exchange to settle transactions. But does their coexistence help or hamper allocative efficiency? I examine this question in a model in which credit is collateralized by cash due to limited commitment. I show that the introduction of credit is welfare improving if and only if limited commitment constraints are sufficiently loose and agents coordinate on choosing credit to mediate exchange. In this environment, credit is optimally chosen to be a nominal contract between borrowers and lenders. Hence, the model delivers a joint characterization of money as (a) store of value; (b) medium of exchange and (c) unit of account.
Yinan Qiu Abstract:
In this paper, we study whether US international equity funds perform better in their managers' education countries. We find that while funds hold 16.7% higher excess shares in the country of their current manager's education, the sub-portfolios in those education countries do not have better performances. We also use the active share measure (I-measure) to infer funds’ subjective information rankings of each equity and sort the equities into different portfolios. The highest I-measure portfolio has the highest market alpha in both education and non-education countries, and the differences in alpha across different I-measure quantiles is more pronounced in education countries.
Narek Alexanian and Yinan Qiu
Student Research Workshop
Princeton Community
April 18, 2023 12:20 pm - 1:15 pm
Nicolas Hommel on The Origins of the Convenience Yield
Nicolas Hommel
Student Research Workshop
Princeton Community
April 11, 2023 12:20 pm - 1:15 pm
Georgios Nikolakoudis on Prices vs Quantities: A Macroeconomic Analysis