Zobrazeno 1 - 10
of 209
pro vyhledávání: '"Jack Favilukis"'
Publikováno v:
American Economic Review. 110:1673-1712
We study the impact of labor market frictions on credit risk. Our central finding is that labor market variables are the first-order effect in driving both of the aggregate time series and the cross sectional variations of credit risk. Recent studies
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e1792b3c96efa7f5c494d4a679734f1c
https://doi.org/10.1257/aer.20170156
https://doi.org/10.1257/aer.20170156
Publikováno v:
SSRN Electronic Journal.
We use financial disclosures to construct the returns on real estate transactions by U.S. Congress members. Active Congress members outperform non-Congress members by 3.25% per year. They outperform financial professionals, doctors, and former Congre
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::63ad39a04f1914b82d02f2eb8fe1db7f
https://doi.org/10.2139/ssrn.3801378
https://doi.org/10.2139/ssrn.3801378
Publikováno v:
SSRN Electronic Journal.
We show that labor force telework flexibility (LFTF) is a first-order effect in accounting for the variations of asset prices and firm policies during the COVID-19 pandemic. Specifically, firms in high LFTF industries significantly outperform firms i
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d554f9c5925135f67308b6a3bffc162d
https://doi.org/10.2139/ssrn.3693239
https://doi.org/10.2139/ssrn.3693239
Publikováno v:
Journal of Political Economy. 125:140-223
This paper studies a quantitative general equilibrium model of housing. The model has two key elements not previously considered in existing quantitative macro studies of housing finance: aggregate...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c197fca8378b57967d95beea9c1ff239
https://doi.org/10.1086/689606
https://doi.org/10.1086/689606
Autor:
Terry Zhang, Jack Favilukis
Publikováno v:
SSRN Electronic Journal.
We uncover a link between overvaluation and momentum profits: a momentum strategy concentrated only within overvalued (low alpha) stocks earns twice the profit of a standard momentum strategy. First, we find stocks within which implementing a momentu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7b9f9e8d6c40bc67c98144890592a15b
https://doi.org/10.2139/ssrn.3444342
https://doi.org/10.2139/ssrn.3444342
Autor:
Xiaoji Lin, Jack Favilukis
Publikováno v:
Journal of Monetary Economics. 78:80-95
The relationship between sticky wages and risk has important asset pricing implications. Like operating leverage, sticky wages are a source of risk for the firm. Firms, industries, regions, or times with especially high or rigid wages are especially
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bef3421b03209efc16819955a30f2eb0
https://doi.org/10.1016/j.jmoneco.2016.01.003
https://doi.org/10.1016/j.jmoneco.2016.01.003
Publikováno v:
SSRN Electronic Journal.
Housing affordability is the main policy challenge for most large cities in the world. Zoning changes, rent control, housing vouchers, and tax credits are the main levers employed by policymakers. How effective are they at combatting the affordabilit
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0cd882212a7545e06b706f3e20327252
https://doi.org/10.2139/ssrn.3265918
https://doi.org/10.2139/ssrn.3265918
Autor:
Xiaoji Lin, Jack Favilukis
Publikováno v:
Review of Financial Studies. 29:148-192
In standard production models, wage volatility is far too high, and equity volatility is far too low. A simple modification–sticky wages because of infrequent resetting together with a constant elasticity of substitution (CES) production function l
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::646a2ed033236f1cc67a75991c7d756a
https://doi.org/10.1093/rfs/hhv041
https://doi.org/10.1093/rfs/hhv041
Autor:
Jack Favilukis
Publikováno v:
Journal of Monetary Economics. 81:133-135
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::14eed51d95ea9cd077ec3b139387b916
https://doi.org/10.1016/j.jmoneco.2016.03.007
https://doi.org/10.1016/j.jmoneco.2016.03.007
Are Demographics Responsible for the Declining Interest Rates? Evidence from U.S. Metropolitan Areas
Publikováno v:
SSRN Electronic Journal.
Interest rates have declined dramatically over the past 30 years. At the same time the birth rate has declined, and life expectancy has increased. Demographic changes leading to an older population have been proposed as an explanation for the decline
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4d71772d71f1c934b5d7e6846785c02b
https://doi.org/10.2139/ssrn.2892775
https://doi.org/10.2139/ssrn.2892775