© 2015 by HARJOAT S. BHAMRA 

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RESEARCH

Publications

1. Does Household Finance Matter? Small Financial Errors with Large Social Costs (with Raman Uppal), American Economic Review (forthcoming)

 

2. Stochastic Idiosyncratic Operating Risk and Real Options: Implications for Stock Returns (with Kyung Shim), Journal of Economic Theory, 2016

 

3.  A Dynamic Equilibrium Model of Imperfectly Integrated Financial Markets (with Nicolas Coeurdacier and Stephane Guibaud), Journal of Economic Theory, 2014

 

4.  Asset Prices with Heterogeneity in Preferences and Beliefs (with Raman Uppal), Review of Financial Studies, 2014

 

5.  Monetary Policy and Corporate Default (with Adlai Fisher and Lars Kuehn), Journal of Monetary Economics, 2011

 

6.  The Aggregate Dynamics of Capital Structure and Macroeconomic Risk (with Lars Kuehn and Ilya Strebulaev), Review of Financial Studies, 2011 (lead article)

 

7.  Long-Run Risks, Credit Markets, and Financial Structure (with Lars Kuehn and Ilya Strebulaev), American Economic Review, Papers and Proceedings, 2010

 

8.  The Levered Equity Risk Premium and Credit Spreads: A Unified Framework (with Lars Kuehn and Ilya Strebulaev), Review of Financial Studies, 2010

 

9.  The Effect of Introducing a Non-Redundant Derivative On the Volatility of Stock-Market Returns When Agents Differ in Risk Aversion (with R Uppal), Review of Financial Studies, 2009

 

10.  The Role of Risk Aversion and Intertemporal Substitution in Dynamic Consumption-Portfolio Choice with Recursive Utility (with R Uppal), Journal of Economic Dynamics and Control, 2006

 

11.  Imitation in Financial Markets, International Journal of Theoretical and Applied Finance, 2000

Working Papers

Discussions

Capital Heterogeneity, Time-To-Build, and Return Predictability by Ding Luo

Tax Collection from Realized Capital Gains on Equity, Paul Ehling, Stathis Tompaidis and Chunyu Yang

 

Credit Migration and Covered Interest Rate Parity by Gordon Y. Liao

 

Portfolio Choice with Model Misspecification: A Foundation for Alpha and Beta Portfolios by Raman Uppal and Paolo Zaffaroni

 

Do Open-market Share Repurchases Supply or Demand Immediacy? by Jankovic and Rinne

 

Risk-Adjusted Capital Allocation and Misallocation by Joel David, Lukas Schmid and David Zeke

 

Shifts in Sectoral Wealth Shares and Risk Premia: What Explains Them? by Ravi Bansal, Colin Ward and Amir Yaron

 

What is the Expected Return on a Stock? by Ian Martin and Christian Wagner

 

Currency Risk Factors in a Recursive Multi-Country Economy by Riccardo Colacito, Max Croce, Federico Gavazzoni, Robert Ready

 

Dynamic Noisy Rational Expectations Equilibrium with Information Production and Beliefs-Based Speculation by Detemple and Rindisbacher

 

A Dynamic Equilibrium Model of ETFs by Semyon Malamud

 

Learning about Distress by C. Opp

 

The Redistributive Effects of Monetary Policy by Andrei and Ledoit

 

The Credit Spread Puzzle - Myth or Reality? by Feldhuetter and Schaefer

 

Financial Intermediation and Capital Reallocation by H. Ai, K. Li, and F. Yang

 

The Forward Premium Puzzle in a Two-Country World by I. Martin

 

Disagreement about Inflation and the Yield Curve by Ehling, Gallmeyer, Heyerdahl-Larsen & Illeditsch

 

Banks, Liquidity Management and Monetary Policy by Bianchi & Bigio

 

Generalized Risk Premia by P. Schneider

 

Demand for Crash Insurance, Intermediary Constraints, and Stock Return Predictability by Chen, Joslin and Ni

 

Volatility, the Macroeconomy and Asset Prices by Bansal, Kiku, Shaliastovich & Yaron

 

Systematic Risk, Debt Maturity, and the Term Structure of Credit Spreads by Chen, Xu and Yang

 

Do Short-selling Constraints Matter? by Cornelli and Yilmaz

 

BKK the EZ Way (Backus-Kehoe-Kydland the Epstein-Zin Way) by Colacito, Croce, Ho and Howard

 

Intermediary Leverage Cycles and Financial Stability by Adrian and Boyarchenko

 

Network Centrality and the Cross Section of Stock Returns by K. Ahern

 

Speculative Betas by Hong and Sraer

 

Why Doesn’t Technology Flow from Rich to Poor Countries? by Cole, Greenword, and Sanchez

 

Robust Assessment of Hedge Fund Performance through Nonparametric Discounting by Almeida and Garcia

 

Arbitrageurs, Bubbles and Credit Conditions by Prieto and Hugonnier

 

Optimal Option Portfolio Strategies by Faias and Santa – Clara

 

Financial Distortions and the Distribution of Global Volatility by M. Eden

 

Arbitrage-Free Bond Pricing With Dynamic Macroeconomic Models by Gallmeyer. Hollifield, Palomino and Zin

 

Debt with Endogenous Safety Covenants: Default and Corporate Securities by Detemple and Tian

 

Agency Conflicts, Investment and Asset Pricing by Albuquerque and Wang

 

Financial Globalization and Risk Sharing: Welfare and the Optimality of Open Markets by Trzcinka and Ukhov

 

Generalized Disappointment Aversion and Asset Prices by Routledge and Zin