“How likely is an inflation disaster?” by Jens Hilscher, Alon Raviv, and Ricardo Reis “Bank Risk-Taking and the Real Economy: Evidence from the Housing Boom and its Aftermath” by Antonio Falato, Giovanni Favara, and David Scharfstein
The February issue of RFS has published! The Editor’s Choice paper is: “Does Liquidity Management Induce Fragility in Treasury Prices? Evidence from Bond Mutual Funds” by Shiyang Huang, Wenxi Jiang, Xiaoxi Liu, and Xin Liu
RFS is pleased to announce the appointment of Jessica Wachter as an Editor beginning January 22, 2025. Jessica is the Dr. Bruce I. Jacobs Professor in Quantitative Finance at the Wharton School of Business of the University of Pennsylvania, and previously was Chief Economist and Director of the Division of Economic and Risk Analysis at the Securities and Exchange Commission. She also previously served as an Associate Editor for the Review… Read More »New Editor Appointment
“Dynamic Coordination and Bankruptcy Regulations” by Hongda Zhong and Zhen Zhou “How Does Removing the Tax Benefits of Debt Affect Firms? Evidence from the 2017 US Tax Reform” by Ali Sanati and Mehdi Beyhaghi
“Personal Bankruptcy Protection and Household Debt” by Felipe Severino, Meta Brown, and Rajashri Chakrabarti
“Technological Obsolescence” by Song Ma
“Identifying Price Informativeness” by Eduardo Davila and Cecilia Parlatore “Π-CAPM: The Classical CAPM with Probability Weighting and Skewed Assets” by Joost Driessen, Sebastian Ebert, and Joren Koëter
The January issue of RFS has published! The Editor’s Choice paper is: “The Hedging Channel of Exchange Rate Determination” by Gordon Y. Liao and Tony Zhang
“An Equilibrium Model of Imperfect Hedging: Transaction Costs, Heterogeneity in Risk Aversion, and Return Volatility” by Mark Loewenstein and Qin Zhenjiang
“Near-Rational Equilibria in Heterogeneous-Agent Models: A Verification Method” by Leonid Kogan and Indrajit Mitra
