Showing results 1 - 10 of 12
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.…
Social Risk, Fiscal Risk, and the Portfolio of Government Program. Samuel Hanson, David Scharfstein, Adi Sunderam, June 2018, Paper, "We develop a model of government portfolio…
The Financial Regulatory Reform Agenda in 2017. Robin Greenwood, Samuel Hanson, Jeremy Stein, Adi Sunderam, February 2017, Paper, "We take stock of the post-crisis financial…
The Fed, the Bond Market, and Gradualism in Monetary Policy. Adi Sunderam, Jeremy Stein, February 2016, Paper. "We develop a model of monetary policy with two key features: (i)…
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…
Who Neglects Risk? Investor Experience and the Credit Boom. Samuel G. Hanson, Adi Sunderam, April 2015, Paper. "Many argue that overoptimistic thinking on the part of…
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-…
Money Creation and the Shadow Banking System. Adi Sunderam, December 2013, Paper. "It is widely argued that shadow banking grew rapidly before the recent financial crisis because…
An Evaluation of Money Market Fund Reform Proposals. Samuel Hanson, David S. Scharfstein, Adi Sunderam, April 2013, Paper. "We analyze the leading reform proposals to address the…