Showing results 1 - 5 of 5
2019, Paper, "We develop a model in which risk-averse, specialized bond investors must be paid to absorb shocks to the supply and demand for long-term bonds in two currencies.…
Gradualism in Monetary Policy: A Time-Consistency Problem? Jeremy C. Stein, Adi Sunderam, June 2015, Paper. "We develop a model of monetary policy with two key features…
Market Power in Mortgage Lending and the Transmission of Monetary Policy. David Scharfstein, Adi Sunderam, September 2014, Paper. "We present evidence that high concentration in…
Fiscal Risk and the Portfolio of Government Programs. Samuel G. Hanson, David S. Scharfstein, Adi Sunderam, June 2014, Paper. "This paper proposes a new approach to social cost-…
Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds. John Y. Campbell, Adi Sunderam, Luis M. Viceira, January 15, 2013, Paper. "The covariance between U.S.…