Discussion paper DP17295 Deciphering Monetary Policy Shocks Phillipp Gnan Maximilian Schleritzko Maik Schmeling Christian Wagner 11 May 2022 Monetary policy shocks Central bank communication Asset pricing Textual analysis Financial Economics International Macroeconomics and Finance Monetary Economics and Fluctuations G10 G12 E43 E44 E52 E58
Discussion paper DP17280 Quantitative Easing and Corporate Innovation Niklas Grimm Luc Laeven Alexander Popov 5 May 2022 Corporate innovation Real effects Unconventional monetary policy Asset purchases Monetary Economics and Fluctuations E5 G10 O3
Discussion paper DP17225 Three Common Factors Elena Andreou Patrick Gagliardini Eric Ghysels Mirco Rubin 15 Apr 2022 Testing common factors Portfolio sorting Factor zoo Financial Economics C22 C38 C53 C55 G10 G12
Discussion paper DP16989 Mortgage-Backed Securities David Lucca James Vickery 2 Feb 2022 Mortgage finance Securitization Agency mortgage-backed securities Tba Option-adjusted spreads Covered bonds Financial Economics G10 G12 G21
Discussion paper DP16806 Superstar Returns Francisco Amaral Sebastian Kohl Martin Dohmen Moritz Schularick 12 Dec 2021 Asset returns Housing risk Superstar cities Regional housing markets Economic History Financial Economics International Macroeconomics and Finance International Trade and Regional Economics G10 G12 N90 R21 R31
Discussion paper DP16793 The Financial Origins of Non-Fundamental Risk Sushant Acharya Keshav Dogra Sanjay Singh 8 Dec 2021 Safe assets Self-fulfilling asset market crashes Liquidity Fire sales Financial Economics Macroeconomics and Growth Monetary Economics and Fluctuations D52 D84 E62 G10 G12
Discussion paper DP16680 Misdiagnosing Bank Capital Problems Jeremy Bulow Paul Klemperer 31 Oct 2021 Bank capital Regulatory capital Capital requirements Regulatory forbearance Bank runs Solvency runs Liquidity runs Stress tests Financial crisis Financial Economics Industrial Organization G10 G21 G28 G32
Discussion paper DP16389 The Correlation Risk Premium: International Evidence Gonçalo Faria Robert Kosowski Tianyu Wang 22 Jul 2021 Correlation risk premium Implied correlation Realized correlation Variance risk premium International equity options Financial Economics G10 G12 G13
Discussion paper DP16301 Mussa Puzzle Redux Oleg Itskhoki Dmitry Mukhin 27 Jun 2021 Exchange rate regimes Monetary non-neutrality Segmented financial markets Monetary transmission mechanism Economic History Financial Economics International Macroeconomics and Finance Monetary Economics and Fluctuations E30 E40 E50 F30 F40 G10
Discussion paper DP16290 In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis Xavier Gabaix Ralph Koijen 24 Jun 2021 Asset market fluctuations Flows Excess volatility Behavioral finance Behavioral macroeconomics Financial Economics Macroeconomics and Growth Monetary Economics and Fluctuations E7 G1 G4 G10 G32
Discussion paper DP16029 The Distribution of Investor Beliefs, Stock Ownership and Stock Returns Gikas Hardouvelis Georgios Karalas Dimitri Vayanos 12 Apr 2021 Differences of opinion Polarization Stock ownership Return predictability Financial Economics G10 G11 G12 G23
Discussion paper DP15950 The constraint on public debt when r < g but g < m 22 Mar 2021 Debt limits Debt sustainability Incomplete markets Misallocation Financial Economics Macroeconomics and Growth Monetary Economics and Fluctuations D52 E62 G10 H63
