Michael Weber

University of Chicago - Finance

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

  • University of Chicago - Finance

SCHOLARLY PAPERS

35

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286

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545

Scholarly Papers (35)

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1.

Dissecting Characteristics Nonparametrically

Downloads 1,206 ( 17,094)
Citation 18

Dissecting Characteristics Nonparametrically

Number of pages: 105 Posted: 11 Aug 2016 Last Revised: 05 Aug 2018
Joachim Freyberger, Andreas Neuhierl and Michael Weber
University of Wisconsin - Madison, University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 744 (33,815)
Citation 1

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Cross Section of Returns, Anomalies, Expected Returns, Model Selection

Dissecting Characteristics Nonparametrically

Fama-Miller Working Paper, Chicago Booth Research Paper No. 17-32
Number of pages: 105 Posted: 20 Nov 2017 Last Revised: 27 Jul 2018
Joachim Freyberger, Andreas Neuhierl and Michael Weber
University of Wisconsin - Madison, University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 160 (192,658)
Citation 1

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Cross Section of Returns, Anomalies, Expected Returns, Model Selection

Dissecting Characteristics Nonparametrically

CESifo Working Paper Series No. 6391
Number of pages: 68 Posted: 12 Apr 2017
Joachim Freyberger, Andreas Neuhierl and Michael Weber
University of Wisconsin - Madison, University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 145 (209,461)

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cross section of returns, anomalies, expected returns, model selection

Dissecting Characteristics Nonparametrically

CESifo Working Paper Series No. 7187
Number of pages: 107 Posted: 16 Oct 2018
Joachim Freyberger, Andreas Neuhierl and Michael Weber
University of Wisconsin - Madison, University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 72 (340,277)
Citation 10

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cross section of returns, anomalies, expected returns, model selection

Dissecting Characteristics Nonparametrically

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2018-50
Number of pages: 106 Posted: 01 Aug 2018
Joachim Freyberger, Andreas Neuhierl and Michael Weber
University of Wisconsin - Madison, University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 67 (354,305)
Citation 2

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Cross Section of Returns, Anomalies, Expected Returns, Model Selection

Dissecting Characteristics Nonparametrically

NBER Working Paper No. w23227
Number of pages: 68 Posted: 19 Mar 2017
Joachim Freyberger, Andreas Neuhierl and Michael Weber
University of Wisconsin - Madison, University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 18 (574,038)

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2.

Cash Flow Duration and the Term Structure of Equity Returns

Downloads 1,057 ( 20,791)
Citation 22

Cash Flow Duration and the Term Structure of Equity Returns

Number of pages: 79 Posted: 27 Oct 2015 Last Revised: 12 Mar 2018
Michael Weber
University of Chicago - Finance
Downloads 473 (61,288)
Citation 5

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Dividend Strips, Short-sale constraints, Anomalies, Sentiment

Cash Flow Duration and the Term Structure of Equity Returns

Becker Friedman Institute for Research in Economics Working Paper No. 2016-21
Number of pages: 58 Posted: 07 Aug 2016
Michael Weber
University of Chicago - Finance
Downloads 382 (79,236)

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Cash Flow Duration and the Term Structure of Equity Returns

CESifo Working Paper Series No. 6043
Number of pages: 58 Posted: 10 Oct 2016
Michael Weber
University of Chicago - Finance
Downloads 191 (164,648)

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dividend strips, short-sale constraints, anomalies, sentiment

Cash Flow Duration and the Term Structure of Equity Returns

NBER Working Paper No. w22520
Number of pages: 58 Posted: 22 Aug 2016
Michael Weber
University of Chicago - Finance
Downloads 11 (623,278)
Citation 11

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3.

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

Downloads 821 ( 29,994)
Citation 5

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

Number of pages: 77 Posted: 02 Mar 2015 Last Revised: 24 Jun 2017
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 461 (63,305)
Citation 7

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Zero-Lower Bound, Fiscal and Monetary Policy, Durable Consumption, Survey Data, Natural Experiments in Macroeconomics

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

Becker Friedman Institute for Research in Economics Working Paper No. 2018-17
Number of pages: 83 Posted: 19 Aug 2016 Last Revised: 27 Mar 2018
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 129 (230,080)

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Zero-Lower Bound, Fiscal and Monetary Policy, Durable Consumption, Survey Data, Household Consumption

Unconventional Fiscal Policy, Inflation Expectations, and Consumption Expenditure

CESifo Working Paper Series No. 5793
Number of pages: 70 Posted: 08 Apr 2016
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 119 (244,730)

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durable consumption, zero lower bound, fiscal and monetary policy, survey data

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

CESifo Working Paper Series No. 6059
Number of pages: 76 Posted: 13 Oct 2016
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 107 (264,231)

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zero-lower bound, fiscal and monetary policy, durable consumption, survey data

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

NBER Working Paper No. w22563
Number of pages: 76 Posted: 31 Aug 2016
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 5 (667,304)

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4.

Monetary Policy Communication, Policy Slope, and the Stock Market

Downloads 702 ( 37,134)

Monetary Policy Communication, Policy Slope, and the Stock Market

Chicago Booth Research Paper No. 17-16, Fama-Miller Working Paper
Number of pages: 89 Posted: 18 Mar 2016 Last Revised: 31 Jul 2019
Andreas Neuhierl and Michael Weber
University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 345 (89,347)

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Policy Speeches, Macro News, Return Predictability, Expected Returns

Monetary Policy Slope and the Stock Market

Number of pages: 85 Posted: 10 Nov 2016 Last Revised: 20 Jan 2018
Andreas Neuhierl and Michael Weber
University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 212 (149,175)
Citation 1

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Return Predictability, Policy Speeches, Expected Returns, Macro News

Monetary Policy and the Stock Market: Time-Series Evidence

CESifo Working Paper Series No. 6199
Number of pages: 89 Posted: 10 Jan 2017
Andreas Neuhierl and Michael Weber
University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 128 (231,525)

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return predictability, policy speeches, expected returns, macro news

Monetary Policy and the Stock Market: Time-Series Evidence

NBER Working Paper No. w22831
Number of pages: 89 Posted: 14 Nov 2016
Andreas Neuhierl and Michael Weber
University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 17 (580,784)

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5.

Monetary Policy Through Production Networks: Evidence from the Stock Market

Downloads 558 ( 50,311)
Citation 5

Monetary Policy Through Production Networks: Evidence from the Stock Market

Number of pages: 77 Posted: 23 Nov 2015 Last Revised: 08 Jun 2019
Ali K. Ozdagli and Michael Weber
Federal Reserve Banks - Federal Reserve Bank of Boston and University of Chicago - Finance
Downloads 325 (95,524)

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Input-output linkages, Spillover effects, Asset prices, High frequency identification

Monetary Policy Through Production Networks: Evidence from the Stock Market

Fama-Miller Working Paper , Chicago Booth Research Paper No. 17-31
Number of pages: 66 Posted: 20 Nov 2017
Ali K. Ozdagli and Michael Weber
Federal Reserve Banks - Federal Reserve Bank of Boston and University of Chicago - Finance
Downloads 108 (262,443)

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Input-Output Linkages, Spillover Effects, Asset Prices, High Frequency Identification

Monetary Policy through Production Networks: Evidence from the Stock Market

Becker Friedman Institute for Research in Economics Working Paper No. 2017-07
Number of pages: 66 Posted: 12 May 2017 Last Revised: 20 Nov 2017
Ali K. Ozdagli and Michael Weber
Federal Reserve Banks - Federal Reserve Bank of Boston and University of Chicago - Finance
Downloads 48 (417,258)

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Input-Output Linkages, Spillover Effects, Asset Prices, High Frequency Identification

Monetary Policy Through Production Networks: Evidence from the Stock Market

CESifo Working Paper Series No. 6486
Number of pages: 69 Posted: 19 Jun 2017
Ali K. Ozdagli and Michael Weber
Federal Reserve Banks - Federal Reserve Bank of Boston and University of Chicago - Finance
Downloads 34 (477,493)

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input-output linkages, spillover effects, asset prices, high frequency identification

Monetary Policy Through Production Networks: Evidence from the Stock Market

FRB of Boston Working Paper No. 17-15
Number of pages: 65 Posted: 03 Jan 2018 Last Revised: 06 Jan 2018
Ali K. Ozdagli and Michael Weber
Federal Reserve Banks - Federal Reserve Bank of Boston and University of Chicago - Finance
Downloads 30 (498,191)

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input-output linkages, spillover effects, asset prices, high frequency identification

Monetary Policy Through Production Networks: Evidence from the Stock Market

NBER Working Paper No. w23424
Number of pages: 63 Posted: 24 May 2017
Ali K. Ozdagli and Michael Weber
Federal Reserve Banks - Federal Reserve Bank of Boston and University of Chicago - Finance
Downloads 13 (608,684)
Citation 4

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6.

Monetary Momentum

Downloads 546 ( 51,652)
Citation 1

Monetary Momentum

CESifo Working Paper Series No. 6648
Number of pages: 57 Posted: 27 Sep 2017
Andreas Neuhierl and Michael Weber
University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 304 (102,903)

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return drift, policy speeches, expected returns, macro news

Monetary Momentum

Number of pages: 58 Posted: 05 Sep 2017 Last Revised: 21 Jun 2018
Andreas Neuhierl and Michael Weber
University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 237 (133,757)
Citation 1

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Return Drift, Policy Speeches, Expected Returns, Macro News

Monetary Momentum

NBER Working Paper No. w24748
Number of pages: 59 Posted: 25 Jun 2018
Andreas Neuhierl and Michael Weber
University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 5 (667,304)

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7.

Conditional Risk Premia in Currency Markets and Other Asset Classes

Downloads 529 ( 53,880)
Citation 95

Conditional Risk Premia in Currency Markets and Other Asset Classes

Journal of Financial Economics (JFE), Vol. 114, No. 2, 2014
Number of pages: 66 Posted: 06 Mar 2013 Last Revised: 10 May 2017
Martin Lettau, Matteo Maggiori and Michael Weber
University of California - Haas School of Business, Harvard University and University of Chicago - Finance
Downloads 513 (55,382)

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Carry Trade, Currency Returns, Downside Risk, Exchange Rates, UIP, Conditional risk premia, Cross Section of Equities and Commodities

Conditional Risk Premia in Currency Markets and Other Asset Classes

NBER Working Paper No. w18844
Number of pages: 58 Posted: 01 Mar 2013
Martin Lettau, Matteo Maggiori and Michael Weber
University of California - Haas School of Business, Harvard University and University of Chicago - Finance
Downloads 15 (594,390)

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Conditional Risk Premia in Currency Markets and Other Asset Classes

CEPR Discussion Paper No. DP9484
Number of pages: 58 Posted: 30 May 2013
Martin Lettau, Matteo Maggiori and Michael Weber
University of California - Haas School of Business, New York University Stern School of Business and University of Chicago - Finance
Downloads 1 (708,521)
Citation 15
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Carry Trade, Conditional risk premia, Cross Section of Equities and Commodities, Currency Returns, Downside Risk, Exchange Rates, UIP

8.

American Option Valuation: Implied Calibration of GARCH Pricing-Models

Journal of Futures Markets, Vol. 31, No. 10, 2011
Number of pages: 36 Posted: 09 Sep 2009 Last Revised: 10 May 2017
Michael Weber and Marcel Prokopczuk
University of Chicago - Finance and Leibniz Universität Hannover - Faculty of Economics and Management
Downloads 381 (80,186)
Citation 1

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American Options, GARCH, Implied Calibration, Edgeworth Binomial Tree

9.

The Long Shadow of Jewish Persecution on Financial Decisions

Number of pages: 61 Posted: 16 Dec 2013 Last Revised: 10 May 2017
Francesco D'Acunto, Marcel Prokopczuk and Michael Weber
Boston College, Leibniz Universität Hannover - Faculty of Economics and Management and University of Chicago - Finance
Downloads 347 (89,410)

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Cultural Economics, Social Stereotypes, Household Finance, History & Finance

10.

Flexible Prices and Leverage

Downloads 308 (101,976)

Flexible Prices and Leverage

Robert H. Smith School Research Paper No. RHS 2692893
Number of pages: 53 Posted: 24 Nov 2015 Last Revised: 04 Feb 2017
Francesco D'Acunto, Ryan Liu, Carolin E. Pflueger and Michael Weber
Boston College, BlackRock, University of Chicago - Harris School of Public Policy and University of Chicago - Finance
Downloads 161 (191,552)

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Capital Structure, Nominal Rigidities, Bank Deregulation, Industrial Organization and Finance, Price Setting, Bankruptcy

Flexible Prices and Leverage

CESifo Working Paper Series No. 6317
Number of pages: 77 Posted: 28 Feb 2017
Francesco D'Acunto, Ryan Liu, Carolin E. Pflueger and Michael Weber
Boston College, University of California, Berkeley, University of Chicago - Harris School of Public Policy and University of Chicago - Finance
Downloads 82 (315,050)

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capital structure, nominal rigidities, bank deregulation, industrial organization and finance, price setting, bankruptcy

Flexible Prices and Leverage

Robert H. Smith School Research Paper No. RHS 2901025
Number of pages: 83 Posted: 19 Jan 2017 Last Revised: 03 Apr 2017
Francesco D'Acunto, Ryan Liu, Carolin E. Pflueger and Michael Weber
Boston College, BlackRock, University of Chicago - Harris School of Public Policy and University of Chicago - Finance
Downloads 54 (395,621)

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Capital Structure, Nominal Rigidities, Bank Deregulation, Industrial Organization and Finance, Price Setting, Bankruptcy

Flexible Prices and Leverage

NBER Working Paper No. w23066
Number of pages: 51 Posted: 23 Jan 2017
Francesco D'Acunto, Carolin E. Pflueger, Michael Weber and Ryan Liu
Boston College, University of Chicago - Harris School of Public Policy, University of Chicago - Finance and University of California, Berkeley
Downloads 11 (623,278)

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11.

Nominal Rigidities and Asset Pricing

Downloads 263 (120,718)
Citation 33

Nominal Rigidities and Asset Pricing

Number of pages: 95 Posted: 12 Aug 2014 Last Revised: 10 May 2017
Michael Weber
University of Chicago - Finance
Downloads 205 (154,014)
Citation 37

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Sticky Prices, Stock Returns, Monetary Policy

Nominal Rigidities and Asset Pricing

Number of pages: 62 Posted: 28 Oct 2014
Michael Weber
University of Chicago - Finance
Downloads 58 (381,949)
Citation 6

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Sticky Prices, Stock Returns, Monetary Policy

12.

Estimating the Anomaly Base Rate

Downloads 259 (122,723)
Citation 3

Estimating the Anomaly Base Rate

Chicago Booth Research Paper No. 19-10, Fama-Miller Working Paper
Number of pages: 62 Posted: 01 Mar 2019 Last Revised: 20 Nov 2019
Alex Chinco, Andreas Neuhierl and Michael Weber
University of Illinois at Urbana-Champaign - College of Business, University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 212 (149,175)
Citation 3

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Return Predictability, Data Mining, Empirical Bayes, Penalized Regressions

Estimating the Anomaly Base Rate

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-135
Number of pages: 62 Posted: 21 Nov 2019
Alex Chinco, Andreas Neuhierl and Michael Weber
University of Illinois at Urbana-Champaign - College of Business, University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 41 (445,588)

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Return Predictability, Data Mining, Empirical Bayes, Penalized Regressions

Estimating the Anomaly Base Rate

NBER Working Paper No. w26493
Number of pages: 62 Posted: 27 Nov 2019
Alex Chinco, Andreas Neuhierl and Michael Weber
University of Illinois at Urbana-Champaign - College of Business, University of Notre Dame - Department of Finance and University of Chicago - Finance
Downloads 6 (659,707)
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13.

Punish One, Teach A Hundred: The Sobering Effect of Punishment on the Unpunished

Downloads 234 (135,978)
Citation 1

Punish One, Teach A Hundred: The Sobering Effect of Punishment on the Unpunished

Fama-Miller Working Paper, Chicago Booth Research Paper No. 19-06
Number of pages: 62 Posted: 08 Feb 2019 Last Revised: 18 Sep 2019
Francesco D'Acunto, Michael Weber and Jin Xie
Boston College, University of Chicago - Finance and The Chinese University of Hong Kong (CUHK)
Downloads 184 (170,326)

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Corporate Governance, Cultural Finance, Reputational Sanctions, Related Party Transactions, Minority Shareholders, Emerging Markets, Corporate Fraud, Government Ownership

Punish One, Teach A Hundred: The Sobering Effect of Punishment on the Unpunished

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-12
Number of pages: 62 Posted: 13 Feb 2019 Last Revised: 18 Sep 2019
Francesco D'Acunto, Michael Weber and Jin Xie
Boston College, University of Chicago - Finance and The Chinese University of Hong Kong (CUHK)
Downloads 35 (472,646)
Citation 1

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Corporate Governance, Cultural Finance, Reputational Sanctions, Related Party Transactions, Minority Shareholders, Emerging Markets, Corporate Fraud, Government Ownership

Punish One, Teach a Hundred: The Sobering Effect of Punishment on the Unpunished

CESifo Working Paper No. 7512
Number of pages: 57 Posted: 21 Feb 2019
Francesco D'Acunto, Michael Weber and Jin Xie
Boston College, University of Chicago - Finance and The Chinese University of Hong Kong (CUHK)
Downloads 15 (594,390)

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corporate governance, cultural finance, reputational sanctions, related party transactions, minority shareholders, emerging markets, corporate fraud, government ownership

14.

Crowdsourcing Financial Information to Change Spending Behavior

Downloads 200 (157,838)
Citation 5

Crowdsourcing Financial Information to Change Spending Behavior

Chicago Booth Research Paper No. 19-09, Fama-Miller Working Paper
Number of pages: 49 Posted: 22 Feb 2019
Francesco D'Acunto, Alberto Rossi and Michael Weber
Boston College, Georgetown University and University of Chicago - Finance
Downloads 148 (205,927)
Citation 6

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FinTech, Learning, Beliefs and Expectations, Peer Pressure, Financial Decision-Making, Saving, Consumer Finance

Crowdsourcing Financial Information to Change Spending Behavior

CESifo Working Paper No. 7533
Number of pages: 50 Posted: 08 Mar 2019
Francesco D'Acunto, Alberto Rossi and Michael Weber
Boston College, Georgetown University and University of Chicago - Finance
Downloads 52 (402,602)

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FinTech, learning, beliefs and expectations, peer pressure, financial decision-making, saving, consumer finance

15.

Unconventional Fiscal Policy

Downloads 162 (190,314)

Unconventional Fiscal Policy

Chicago Booth Research Paper No. 18-02, Fama-Miller Working Paper
Number of pages: 6 Posted: 18 Jan 2018
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 92 (292,813)

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Unconventional Fiscal Policy

Becker Friedman Institute for Research in Economics Working Paper No. 2018-4
Number of pages: 6 Posted: 27 Jan 2018
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 40 (449,987)

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Unconventional Fiscal Policy

CESifo Working Paper Series No. 6862
Number of pages: 8 Posted: 20 Mar 2018
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 27 (515,315)

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Unconventional Fiscal Policy

NBER Working Paper No. w24244
Number of pages: 7 Posted: 29 Jan 2018
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 3 (683,929)

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16.

Signaling Safety

Downloads 160 ( 40,600)
Citation 3

The Information Content of Dividends: Safer Profits, Not Higher Profits

Becker Friedman Institute for Research in Economics Working Paper No. 2017-19
Number of pages: 80 Posted: 12 Nov 2017 Last Revised: 28 Mar 2018
Roni Michaely, Stefano Rossi and Michael Weber
University of Geneva - Geneva Finance Research Institute (GFRI), Bocconi University and University of Chicago - Finance
Downloads 93 (292,813)
Citation 1

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Dividends, Payout Policy, Cash Flow Volatility, Signaling Model

The Information Content of Dividends: Safer Profits, Not Higher Profits

CESifo Working Paper Series No. 6751
Number of pages: 75 Posted: 18 Jan 2018
Roni Michaely, Stefano Rossi and Michael Weber
University of Geneva - Geneva Finance Research Institute (GFRI), Bocconi University and University of Chicago - Finance
Downloads 57 (388,739)

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dividends, payout policy, cash flow volatility, signaling model

Signaling Safety

NBER Working Paper No. w24237
Number of pages: 100 Posted: 22 Jan 2018
Roni Michaely, Stefano Rossi and Michael Weber
University of Geneva - Geneva Finance Research Institute (GFRI), Bocconi University and University of Chicago - Finance
Downloads 9 (637,696)

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Signaling Safety

CEPR Discussion Paper No. DP14174
Number of pages: 102 Posted: 17 Dec 2019
Stefano Rossi, Michael Weber and Roni Michaely
Bocconi University, University of Chicago - Finance and University of Geneva - Geneva Finance Research Institute (GFRI)
Downloads 1 (708,521)
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cash-flow volatility, dividends, Payout policy, signaling model

17.

Are Sticky Prices Costly? Evidence from the Stock Market

Downloads 145 (208,995)
Citation 58

Are Sticky Prices Costly? Evidence from the Stock Market

American Economic Review, Vol. 106, No. 1, 2016
Number of pages: 42 Posted: 06 Mar 2013 Last Revised: 10 May 2017
Yuriy Gorodnichenko and Michael Weber
University of California, Berkeley - Department of Economics and University of Chicago - Finance
Downloads 135 (222,008)

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menu costs, sticky prices, asset prices

Are Sticky Prices Costly? Evidence from the Stock Market

NBER Working Paper No. w18860
Number of pages: 52 Posted: 01 Mar 2013 Last Revised: 14 Mar 2013
Yuriy Gorodnichenko and Michael Weber
University of California, Berkeley - Department of Economics and University of Chicago - Finance
Downloads 10 (630,468)
Citation 15

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18.

IQ, Expectations, and Choice

Downloads 139 (216,189)

IQ, Expectations, and Choice

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-08
Number of pages: 76 Posted: 31 Jan 2019 Last Revised: 12 Sep 2019
Francesco D'Acunto, Daniel Hoang, Maritta Paloviita and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 58 (381,949)

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Behavioral Macroeconomics, Heterogeneous Beliefs, Limited Cognition, Expectations Formation, Household Finance

IQ, Expectations, and Choice

Bank of Finland Research Discussion Paper No. 2/2019
Number of pages: 78 Posted: 24 Jan 2019
Francesco D'Acunto, Daniel Hoang, Maritta Paloviita and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 47 (421,113)

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Behavioral Macroeconomics, Heterogeneous Beliefs, Limited Cognition, Expectations Formation, Household Finance

IQ, Expectations, and Choice

Chicago Booth Research Paper No. 19-20, Fama-Miller Working Paper
Number of pages: 76 Posted: 12 Sep 2019
Francesco D'Acunto, Daniel Hoang, Maritta Paloviita and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 31 (492,804)

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Behavioral Macroeconomics, Heterogeneous Beliefs, Limited Cognition, Expectations Formation, Household Finance

IQ, Expectations, and Choice

NBER Working Paper No. w25496
Number of pages: 76 Posted: 30 Jan 2019 Last Revised: 28 Feb 2019
Francesco D'Acunto, Daniel Hoang, Maritta Paloviita and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 3 (683,929)
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19.

Historical Antisemitism, Ethnic Specialization, and Financial Development

Downloads 130 (227,965)

Historical Antisemitism, Ethnic Specialization, and Financial Development

Becker Friedman Institute for Research in Economics Working Paper No. 2018-19, Chicago Booth Research Paper No. 17-26, Fama-Miller Working Paper
Number of pages: 68 Posted: 01 Sep 2017
Francesco D'Acunto, Marcel Prokopczuk and Michael Weber
Boston College, Leibniz Universität Hannover - Faculty of Economics and Management and University of Chicago - Finance
Downloads 98 (280,945)

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Cultural Economics, Intergenerational Transmission of Norms, Religious Identity, Household Finance, History & Finance

Historical Antisemitism, Ethnic Specialization, and Financial Development

CESifo Working Paper Series No. 6643
Number of pages: 66 Posted: 22 Sep 2017
Francesco D'Acunto, Marcel Prokopczuk and Michael Weber
Boston College, Leibniz Universität Hannover - Faculty of Economics and Management and University of Chicago - Finance
Downloads 26 (521,456)

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Cultural Economics, Intergenerational Transmission of Norms, Religious Identity, Household Finance, History & Finance

Historical Antisemitism, Ethnic Specialization, and Financial Development

NBER Working Paper No. w23785
Number of pages: 64 Posted: 11 Sep 2017
Francesco D'Acunto, Marcel Prokopczuk and Michael Weber
Boston College, Leibniz Universität Hannover - Faculty of Economics and Management and University of Chicago - Finance
Downloads 6 (659,707)

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20.

Price Rigidity and the Granular Origins of Aggregate Fluctuations

Downloads 111 (256,172)
Citation 7

Price Rigidity and the Granular Origins of Aggregate Fluctuations

Chicago Booth Research Paper No. 17-25, Fama-Miller Working Paper, University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2018-54
Number of pages: 66 Posted: 20 Aug 2017 Last Revised: 09 Aug 2019
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
Downloads 63 (366,123)
Citation 8

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input-output linkages, nominal price rigidity, idiosyncratic shocks

Price Rigidities and the Granular Origins of Aggregate Fluctuations

CESifo Working Paper Series No. 6619
Number of pages: 60 Posted: 15 Sep 2017
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
Downloads 16 (587,471)

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input-output linkages, sticky prices, idiosyncratic shocks

Price Rigidities and the Granular Origins of Aggregate Fluctuations

Bank of Finland Research Discussion Paper No. 3/2018
Number of pages: 67 Posted: 06 Feb 2018 Last Revised: 21 Apr 2018
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
Downloads 13 (608,684)

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Input-output linkages, nominal price rigidity, idiosyncratic shocks

Price Rigidities and the Granular Origins of Aggregate Fluctuations

ECB Working Paper No. 2102
Number of pages: 63 Posted: 13 Oct 2017
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
Downloads 12 (616,063)

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input-output linkages, sticky prices, idiosyncratic shocks

Price Rigidity and the Origins of Aggregate Fluctuations

NBER Working Paper No. w23750
Number of pages: 64 Posted: 06 Sep 2017
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
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21.

Monetary Policy Communications and Their Effects on Household Inflation Expectations

Downloads 102 (271,648)
Citation 1

Monetary Policy Communications and Their Effects on Household Inflation Expectations

Fama-Miller Working Paper (2019), Chicago Booth Research Paper No. 19-03 (2019)
Number of pages: 64 Posted: 16 Jan 2019 Last Revised: 17 Sep 2019
Olivier Coibion, Yuriy Gorodnichenko and Michael Weber
University of Texas at Austin, University of California, Berkeley - Department of Economics and University of Chicago - Finance
Downloads 53 (399,074)

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expectations management, inflation expectations, surveys, communication, randomized controlled trial

Monetary Policy Communications and their Effects on Household Inflation Expectations

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-03
Number of pages: 64 Posted: 15 Jan 2019 Last Revised: 17 Sep 2019
Olivier Coibion, Yuriy Gorodnichenko and Michael Weber
University of Texas at Austin, University of California, Berkeley - Department of Economics and University of Chicago - Finance
Downloads 42 (441,382)

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expectations management, inflation expectations, surveys, communication, randomized controlled trial

Monetary Policy Communications and Their Effects on Household Inflation Expectations

NBER Working Paper No. w25482
Number of pages: 64 Posted: 30 Jan 2019
Olivier Coibion, Yuriy Gorodnichenko and Michael Weber
University of Texas at Austin, University of California, Berkeley - Department of Economics and University of Chicago - Finance
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Citation 3
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22.

Low Inflation: High Default Risk AND High Equity Valuations

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Low Inflation: High Default Risk AND High Equity Valuations

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2018-81
Number of pages: 79 Posted: 29 Nov 2018
Harjoat Singh Bhamra, Christian Dorion, Alexandre Jeanneret and Michael Weber
Imperial College Business School, HEC Montreal, HEC Montréal and University of Chicago - Finance
Downloads 73 (337,660)

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low inflation, default risk, equity, leverage, credit spreads

Low Inflation: High Default Risk and High Equity Valuations

Chicago Booth Research Paper No. 18-12
Number of pages: 78 Posted: 11 Dec 2018
Harjoat Singh Bhamra, Christian Dorion, Alexandre Jeanneret and Michael Weber
Imperial College Business School, HEC Montreal, HEC Montréal and University of Chicago - Finance
Downloads 20 (560,353)

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low inflation, default risk, equity, leverage, credit spreads

Low Inflation: High Default Risk and High Equity Valuations

NBER Working Paper No. w25317
Number of pages: 78 Posted: 03 Dec 2018
Harjoat Singh Bhamra, Christian Dorion, Alexandre Jeanneret and Michael Weber
Imperial College Business School, HEC Montreal, HEC Montréal and University of Chicago - Finance
Downloads 5 (667,304)
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23.

Perceived Precautionary Savings Motives: Evidence from FinTech

Chicago Booth Research Paper No. 19-26, Fama-Miller Working Paper, University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-140
Number of pages: 63 Posted: 06 Dec 2019 Last Revised: 13 Feb 2020
Francesco D'Acunto, Thomas Rauter, Christoph Scheuch and Michael Weber
Boston College, University of Chicago - Booth School of Business, Vienna Graduate School of Finance (VGSF) and University of Chicago - Finance
Downloads 73 (334,038)

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Household Finance, Consumption, Behavioral Finance

24.

Human Frictions in the Transmission of Economic Policy

Downloads 71 (339,191)
Citation 7

Human Frictions in the Transmission of Economic Policy

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-07
Number of pages: 41 Posted: 31 Jan 2019 Last Revised: 12 Sep 2019
Francesco D'Acunto, Daniel Hoang, Maritta Paloviita and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 37 (463,389)
Citation 9

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Macroeconomic Beliefs, Limited Cognition, Heterogeneous Agents, Fiscal and Monetary Policy, Survey Data, Household Finance

Human Frictions in the Transmission of Economic Policy

Chicago Booth Research Paper No. 19-21, Fama-Miller Working Paper
Number of pages: 44 Posted: 12 Sep 2019 Last Revised: 05 Dec 2019
Francesco D'Acunto, Daniel Hoang, Maritta Paloviita and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT), Bank of Finland - Research and University of Chicago - Finance
Downloads 34 (477,493)

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Limited Cognition, Heterogeneous Agents, Fiscal and Monetary Policy, Macroeconomic Beliefs, Survey Data, Household Finance

25.

Exposure to Daily Price Changes and Inflation Expectations

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Citation 1

Exposure to Daily Price Changes and Inflation Expectations

Chicago Booth Research Paper No. 19-17 (2019), Fama-Miller Working Paper
Number of pages: 58 Posted: 13 Aug 2019
Francesco D'Acunto, Ulrike Malmendier, Juan Ospina and Michael Weber
Boston College, University of California, Berkeley - Department of Economics, University of Chicago and University of Chicago - Finance
Downloads 47 (421,113)
Citation 1

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Beliefs formation, Rational Inattention, Realized Inflation, Transmission of Monetary Policy

Exposure to Daily Price Changes and Inflation Expectations

CESifo Working Paper No. 7798
Number of pages: 59 Posted: 14 Oct 2019
Francesco D'Acunto, Ulrike Malmendier, Juan Ospina and Michael Weber
Boston College, University of California, Berkeley - Department of Economics, University of Chicago and University of Chicago - Finance
Downloads 11 (623,278)

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beliefs formation, rational inattention, realized inflation, transmission of monetary policy

Exposure to Daily Price Changes and Inflation Expectations

NBER Working Paper No. w26237
Number of pages: 58 Posted: 09 Sep 2019
Francesco D'Acunto, Ulrike Malmendier, Juan Ospina and Michael Weber
Boston College, University of California, Berkeley - Department of Economics, University of Chicago and University of Chicago - Finance
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26.

The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy

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Citation 2

The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2018-78, Chicago Booth Research Paper No. 18-11, Fama-Miller Working Paper
Number of pages: 38 Posted: 22 Nov 2018 Last Revised: 06 Jan 2020
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
Downloads 35 (472,646)

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Input-output linkages, multi-sector Calvo model, monetary policy

The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy

CESifo Working Paper No. 7376
Number of pages: 76 Posted: 21 Feb 2019
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
Downloads 9 (637,696)

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input-output linkages, multi-sector, Calvo model, monetary policy

The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy

Number of pages: 74 Posted: 09 Dec 2018
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
Downloads 8 (645,030)

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Input-output linkages, multi-sector Calvo model, monetary policy

The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy

FRB of Cleveland Working Paper No. 19-25R
Number of pages: 39 Posted: 18 Nov 2019 Last Revised: 17 Jan 2020
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
Downloads 6 (659,707)
Citation 2

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input-output linkages, multi-sector Calvo model, monetary policy

27.

Salient Price Changes, Inflation Expectations, and Household Behavior

Number of pages: 51 Posted: 06 Jun 2019
Francesco D'Acunto, Ulrike Malmendier, Juan Ospina and Michael Weber
Boston College, University of California, Berkeley - Department of Economics, University of Chicago and University of Chicago - Finance
Downloads 40 (440,649)
Citation 4

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Salience, Frequency Bias, Financial Literacy, Household Finance, Transmission of Monetary Policy

28.

Managing Households' Expectations with Salient Economic Policies

Downloads 28 (495,559)
Citation 2

Managing Households' Expectations with Salient Economic Policies

Chicago Booth Research Paper No. 19-16 (2019), Fama-Miller Working Paper (2019)
Number of pages: 73 Posted: 10 Aug 2019 Last Revised: 25 Aug 2019
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 21 (553,671)
Citation 2

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Expectations, Natural Experiments, Consumption, Fiscal Policy, Monetary Policy, Macroeconomics with Micro Data

Managing Households' Expectations with Salient Economic Policies

CESifo Working Paper No. 7793
Number of pages: 74 Posted: 14 Oct 2019
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 7 (652,342)

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expectations, natural experiments, consumption, fiscal policy, monetary policy, macroeconomics with micro data

29.

Monetary Policy Communications and Their Effects on Household Inflation Expectations

CESifo Working Paper No. 7464
Number of pages: 43 Posted: 21 Feb 2019
Beata Smarzynska Javorcik, Yuriy Gorodnichenko and Michael Weber
University of Oxford - Department of Economics, University of California, Berkeley - Department of Economics and University of Chicago - Finance
Downloads 27 (500,854)

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expectations management, inflation expectations, surveys, communication, randomized controlled trial

30.

Low Inflation: High Default Risk and High Equity Valuations

CESifo Working Paper No. 7391
Number of pages: 79 Posted: 21 Feb 2019
Beata Smarzynska Javorcik, Christian Dorion, Alexandre Jeanneret and Michael Weber
University of Oxford - Department of Economics, HEC Montreal, HEC Montréal and University of Chicago - Finance
Downloads 20 (541,658)

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low inflation, default risk, equity, leverage, credit spreads

31.

Forward Guidance and Household Expectations

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Forward Guidance and Household Expectations

Chicago Booth Research Paper No. 20-02, Fama-Miller Working Paper, University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-06
Number of pages: 76 Posted: 13 Feb 2020 Last Revised: 15 Feb 2020
Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko and Michael Weber
University of Texas at Austin, European Central Bank (ECB) - Directorate General Research, University of California, Berkeley - Department of Economics and University of Chicago - Finance
Downloads 15 (601,606)

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Expectations management, inflation expectations, surveys, communication, randomized controlled trial

Forward Guidance and Household Expectations

IZA Discussion Paper No. 12979
Number of pages: 77 Posted: 24 Feb 2020
Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko and Michael Weber
University of Texas at Austin, European Central Bank (ECB) - Directorate General Research, University of California, Berkeley - Department of Economics and University of Chicago - Finance
Downloads 1 (708,521)

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expectations management, inflation expectations, surveys, communication, randomized controlled trial

Forward Guidance and Household Expectations

NBER Working Paper No. w26778
Number of pages: 76 Posted: 24 Feb 2020
Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko and Michael Weber
University of Texas at Austin, European Central Bank (ECB) - Directorate General Research, University of California, Berkeley - Department of Economics and University of Chicago - Finance
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32.

Price Rigidity and the Origins of Aggregate Fluctuations

CESifo Working Paper Series No. 7190
Number of pages: 65 Posted: 05 Nov 2018
Ernesto Pasten, Raphael Schoenle and Michael Weber
University of Toulouse 1 - Toulouse School of Economics (TSE), Brandeis University and University of Chicago - Finance
Downloads 14 (578,873)

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input-output linkages, nominal price rigidity, idiosyncratic shocks

33.

Managing Households’ Expectations with Simple Economic Policies

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-106
Number of pages: 73 Posted: 20 Aug 2019 Last Revised: 25 Aug 2019
Francesco D'Acunto, Daniel Hoang and Michael Weber
Boston College, Karlsruhe Institute of Technology (KIT) and University of Chicago - Finance
Downloads 7 (625,137)
Citation 4

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Household Finance, Savings, Heterogeneous Beliefs, Fiscal Policy, Monetary Policy, Macrofinance, Natural Experiments, Cognitive Abilities, Behavioral Macroeconomics, Macroeconomics with Micro Data

34.

Signaling Safety

Chicago Booth Research Paper 17-30, Fama-Miller Working Paper, European Corporate Governance Institute – Finance Working Paper No. 653/2020, Swiss Finance Institute Research Paper No. 17-30
Posted: 04 Nov 2017
Roni Michaely, Stefano Rossi and Michael Weber
University of Geneva - Geneva Finance Research Institute (GFRI), Bocconi University and University of Chicago - Finance
Downloads 501

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Dividends, Payout Policy, Cash-Flow Volatility, Signaling Model

35.

The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy

NBER Working Paper No. w25303
Number of pages: 75 Posted: 03 Dec 2018
Ernesto Pastén, Raphael Schoenle and Michael Weber
Central Bank of Chile, Brandeis University and University of Chicago - Finance
Downloads 0 (692,420)
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