Jianjun Miao

Boston University - Department of Economics

Assistant Professor

270 Bay State Road

Boston, MA 02215

United States

http://people.bu.edu/miaoj

SCHOLARLY PAPERS

47

DOWNLOADS
Rank 5,591

SSRN RANKINGS

Top 5,591

in Total Papers Downloads

15,475

TOTAL CITATIONS
Rank 1,624

SSRN RANKINGS

Top 1,624

in Total Papers Citations

606

Scholarly Papers (47)

1.

Capital Structure, Credit Risk, and Macroeconomic Conditions

Number of pages: 40 Posted: 23 Apr 2003
Jianjun Miao, Dirk Hackbarth and Erwan Morellec
Boston University - Department of Economics, Boston University - Questrom School of Business and Ecole Polytechnique Fédérale de Lausanne
Downloads 2,187 (14,926)
Citation 91

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Dynamic Capital Structure, Credit Spreads, Macroeconomic Conditions

2.
Downloads 1,062 (44,544)
Citation 1

CEO Power, Compensation, and Governance

Annals of Economics and Finance Vol. 14, 2013, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 324/2012
Number of pages: 44 Posted: 08 Aug 2006 Last Revised: 26 Nov 2018
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
Downloads 1,021 (46,328)
Citation 1

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CEO power, moral hazard, CEO compensation, corporate governance, investor protection

CEO Power, Compensation and Governance

CEPR Discussion Paper No. 5818
Number of pages: 40 Posted: 13 Oct 2006
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
Downloads 41 (905,121)
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CEO power, moral hazard, CEO compensation, investor protection

3.

The Dynamics of Mergers and Acquisitions in Oligopolistic Industries

Journal of Economic Dynamics and Control, Forthcoming, EFA 2007 Ljubljana Meetings Paper
Number of pages: 48 Posted: 05 Mar 2008 Last Revised: 15 Feb 2012
Jianjun Miao and Dirk Hackbarth
Boston University - Department of Economics and Boston University - Questrom School of Business
Downloads 1,040 (45,869)
Citation 16

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anticompetitive effect, industry structure, real options, takeovers

4.

Dynamic Asset Allocation with Ambiguous Return Predictability

AFA 2010 Atlanta Meetings Paper
Number of pages: 46 Posted: 02 Mar 2009 Last Revised: 14 Apr 2011
Hui Chen, Nengjiu Ju and Jianjun Miao
Massachusetts Institute of Technology, Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Boston University - Department of Economics
Downloads 860 (59,618)
Citation 25

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generalized recursive ambiguity utility, ambiguity aversion, model uncertainty, learning, portfolio choice, robustness, return predictability

5.
Downloads 841 (61,555)
Citation 10

Entrepreneurial Finance and Nondiversifiable Risk

Review of Financial Studies, Forthcoming
Number of pages: 64 Posted: 27 Mar 2009 Last Revised: 07 Jul 2010
Hui Chen, Jianjun Miao and Neng Wang
Massachusetts Institute of Technology, Boston University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 754 (70,053)
Citation 9

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default, diversification benefits, entrepreneurial risk aversion, incomplete markets, idiosyncratic risk premium, hedging, capital structure, cash-out option, precautionary saving

Entrepreneurial Finance and Non-Diversifiable Risk

NBER Working Paper No. w14848
Number of pages: 45 Posted: 07 Apr 2009 Last Revised: 29 Jul 2022
Hui Chen, Jianjun Miao and Neng Wang
Massachusetts Institute of Technology, Boston University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 87 (616,830)
Citation 1

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6.

Managerial Preferences, Corporate Governance, and Financial Structure

Number of pages: 46 Posted: 17 Mar 2006
Hong Liu and Jianjun Miao
Washington University in St. Louis - Olin Business School and Boston University - Department of Economics
Downloads 750 (71,660)
Citation 3

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Managerial/entrepreneurial characteristics, ownership and capital structure, private benefits of control, corporate governance

7.

Ambiguity, Learning, and Asset Returns

AFA 2009 San Francisco Meetings Paper
Number of pages: 35 Posted: 26 Sep 2007 Last Revised: 29 Dec 2009
Nengjiu Ju and Jianjun Miao
Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF) and Boston University - Department of Economics
Downloads 691 (79,544)
Citation 65

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ambiguity aversion, learning, pessimism, asset pricing puzzles

8.
Downloads 666 (83,375)
Citation 44

Optimal Capital Structure and Industry Dynamics

Number of pages: 46 Posted: 21 Oct 2003
Jianjun Miao
Boston University - Department of Economics
Downloads 666 (82,238)
Citation 44

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Optimal Capital Structure and Industry Dynamics

Posted: 24 Jan 2005
Jianjun Miao
Boston University - Department of Economics

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9.
Downloads 580 (99,493)
Citation 15

Credit Risk and Business Cycles

Number of pages: 48 Posted: 11 Nov 2010
Jianjun Miao and Pengfei Wang
Boston University - Department of Economics and Peking University HSBC Business School
Downloads 415 (147,629)
Citation 10

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credit risk, credit spread, dynamic capital structure, equity premium, business cycles, investment, q-theory

Credit Risk and Business Cycles

Number of pages: 48 Posted: 09 Mar 2011
Pengfei Wang and Jianjun Miao
Peking University HSBC Business School and Boston University - Department of Economics
Downloads 165 (377,232)
Citation 5

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Credit Risk, Credit Spread, Dynamic Capital Structure, Equity Premium, Business Cycles

10.
Downloads 513 (115,947)
Citation 21

Ambiguity Aversion and Variance Premium

Number of pages: 41 Posted: 17 Mar 2012 Last Revised: 16 May 2012
Jianjun Miao, Bin Wei and Hao Zhou
Boston University - Department of Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 378 (164,170)
Citation 12

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Ambiguity aversion, learning, variance premium, regime-shift, belief distortion, return predictability

Ambiguity Aversion and Variance Premium

FRB Atlanta Working Paper No. 2018-14
Number of pages: 41 Posted: 31 Jan 2019 Last Revised: 29 Apr 2020
Jianjun Miao, Bin Wei and Hao Zhou
Boston University - Department of Economics, Federal Reserve Bank of Atlanta and Tsinghua University - PBC School of Finance
Downloads 135 (446,140)
Citation 9

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ambiguity aversion, learning, variance premium, regime shifts, belief distortion

11.
Downloads 467 (129,731)
Citation 67

Bubbles and Credit Constraints

Number of pages: 37 Posted: 07 Mar 2011
Jianjun Miao and Pengfei Wang
Boston University - Department of Economics and Peking University HSBC Business School
Downloads 343 (182,806)
Citation 25

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Bubbles, Collateral Constraints, Credit Policy, Asset Price, Arbitrage, Q Theory, Liquidity

Bubbles and Credit Constraints

Number of pages: 37 Posted: 07 Mar 2011
Jianjun Miao and Pengfei Wang
Boston University - Department of Economics and affiliation not provided to SSRN
Downloads 124 (477,931)
Citation 42

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Bubbles, Collateral Constraints, Credit Policy, Asset Price, Arbitrage, Q Theory, Liquidity

12.
Downloads 425 (145,033)
Citation 12

Advance Information and Asset Prices

Journal of Economic Theory, Vol. 149, 2014
Number of pages: 55 Posted: 24 Feb 2008 Last Revised: 20 Aug 2015
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
Downloads 268 (237,568)
Citation 3

Abstract:

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advance information, rational expectations equilibrium, momentum and reversal effects

Advance Information and Asset Prices

Number of pages: 59 Posted: 17 Mar 2008 Last Revised: 05 Nov 2019
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
Downloads 150 (409,489)
Citation 4

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advance information, momentum and reversal effects, rational expectations equilibrium

Advance Information and Asset Prices

CEPR Discussion Paper No. DP6588
Number of pages: 60 Posted: 09 Jun 2008
Rui A. Albuquerque and Jianjun Miao
Boston College, Carroll School of Management and Boston University - Department of Economics
Downloads 7 (1,310,924)
Citation 5
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advance information, momentum and reversal effects, overreaction, rational expectations equilibrium, underreaction

13.
Downloads 382 (163,835)
Citation 6

Risk, Uncertainty, and Option Exercise

Number of pages: 36 Posted: 15 Oct 2004
Neng Wang and Jianjun Miao
Columbia University - Columbia Business School, Finance and Boston University - Department of Economics
Downloads 309 (204,611)
Citation 3

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Ambiguity, multiple-priors utility, real options, optimal stopping problem

Risk, Uncertainty, and Option Exercise

Journal of Economic Dynamics & Control, Vol. 35, pp. 442-461, 2004
Number of pages: 30 Posted: 26 Oct 2011
Neng Wang and Jianjun Miao
Columbia University - Columbia Business School, Finance and Boston University - Department of Economics
Downloads 73 (683,853)
Citation 3

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14.

Learning, Investment, and Entrepreneurial Survival: A Real Options Approach

Number of pages: 35 Posted: 17 Mar 2006
Neng Wang and Jianjun Miao
Columbia University - Columbia Business School, Finance and Boston University - Department of Economics
Downloads 367 (171,269)

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real options, learning, private firm value, survival, precautionary savings, incomplete markets

Investment, Consumption and Hedging Under Incomplete Markets

Number of pages: 42 Posted: 04 Aug 2005
Jianjun Miao and Neng Wang
Boston University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 282 (225,432)
Citation 2

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real options, idiosyncratic risk, hedging, risk aversion, precautionary saving, incomplete markets

Investment, Consumption, and Hedging Under Incomplete Markets

NBER Working Paper No. w13250
Number of pages: 47 Posted: 13 Jul 2007 Last Revised: 16 Sep 2022
Neng Wang and Jianjun Miao
Columbia University - Columbia Business School, Finance and Boston University - Department of Economics
Downloads 81 (644,266)
Citation 2

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16.

Irreversible Investment with Regime Shifts

Number of pages: 32 Posted: 03 Dec 2002
Xin Guo, Jianjun Miao and Erwan Morellec
affiliation not provided to SSRN, Boston University - Department of Economics and Ecole Polytechnique Fédérale de Lausanne
Downloads 352 (179,206)
Citation 21

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Investment, Capacity Choice, Regime Shifts, Real Options

17.

Saving China's Stock Market

Number of pages: 40 Posted: 13 Aug 2016
Yi Huang, Jianjun Miao and Pengfei Wang
Graduate Institute of International and CEPR, Boston University - Department of Economics and Peking University HSBC Business School
Downloads 317 (200,580)
Citation 24

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China, Stock Market Crash, Government intervention

18.

Monetary Policy and Economic Growth Under Money Illusion

Number of pages: 40 Posted: 16 Oct 2007
Danyang Xie and Jianjun Miao
Hong Kong University of Science & Technology (HKUST) - Department of Economics and Boston University - Department of Economics
Downloads 315 (201,931)
Citation 10

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money illusion, inflation, growth, welfare cost, behavioral macroeconomics

19.

Dynamic Effects of Permanent and Temporary Dividend Tax Policies on Corporate Investment and Financial Policies

Number of pages: 41 Posted: 10 Oct 2007
Francois Gourio and Jianjun Miao
Federal Reserve Bank of Chicago and Boston University - Department of Economics
Downloads 283 (226,211)
Citation 6

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dividend tax policies, investment and financial policies, finance regimes, collateral constraint, intertemporal tax arbitrage

20.

Sectoral Bubbles and Endogenous Growth

Number of pages: 36 Posted: 09 Apr 2012
Jianjun Miao and Pengfei Wang
Boston University - Department of Economics and Peking University HSBC Business School
Downloads 281 (227,898)
Citation 23

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Bubbles, Collateral Constraints, Externality, Economic Growth, Capital Reallocation, Multiple Equilibria

21.

Oil Price Implied Structural Shocks and Cross-sectional Stock Returns

Number of pages: 36 Posted: 04 Oct 2016 Last Revised: 17 Apr 2019
Dayong Huang and Jianjun Miao
University of North Carolina (UNC) at Greensboro - Bryan School of Business & Economics and Boston University - Department of Economics
Downloads 265 (241,857)

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oil prices, return spread, cross section, factor model

22.

Banking Bubbles and Financial Crisis

Number of pages: 33 Posted: 09 Apr 2012
Jianjun Miao and Pengfei Wang
Boston University - Department of Economics and Peking University HSBC Business School
Downloads 258 (248,460)
Citation 7

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Banking Bubble, Multiple Equilibria, Financial Crisis, Self-fulfilling Prophecy, Credit Policy, Capital Requirements, Borrowing Constraints

23.

Stock Market Bubbles and Unemployment

Number of pages: 46 Posted: 10 Apr 2012
Jianjun Miao, Pengfei Wang and Lifang Xu
Boston University - Department of Economics, Peking University HSBC Business School and Shanghai National Accounting Institute
Downloads 220 (290,348)
Citation 15

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stock market bubbles, unemployment, self-fulfilling beliefs, credit constraints, multiple equilibria, search and matching

24.

Investment, Hedging, and Consumption Smoothing

Number of pages: 47 Posted: 19 Jul 2004
Jianjun Miao and Neng Wang
Boston University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 207 (307,642)
Citation 1

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Real options, risk aversion, incomplete markets, hedging, precautionary saving

Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform

Number of pages: 44 Posted: 12 Nov 2006
Francois Gourio and Jianjun Miao
Federal Reserve Bank of Chicago and Boston University - Department of Economics
Downloads 152 (404,924)
Citation 11

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firm heterogeneity, general equilibrium, finance regime, the new and tranditional veiws of dividend taxation

Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform

NBER Working Paper No. w15044
Number of pages: 50 Posted: 08 Jun 2009 Last Revised: 09 Feb 2023
Francois Gourio and Jianjun Miao
Federal Reserve Bank of Chicago and Boston University - Department of Economics
Downloads 35 (963,137)
Citation 30

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26.

Numerical Simulation of Nonoptimal Dynamic Equilibrium Models

Federal Reserve Bank of St. Louis Working Paper No. 2011-018B
Number of pages: 54 Posted: 15 Apr 2009 Last Revised: 02 Jun 2011
University of Nebraska at Omaha - Department of Economics, Boston University - Department of Economics, Federal Reserve Bank of St. Louis and University of Miami - School of Business Administration - Department of Economics
Downloads 178 (353,380)
Citation 2

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Heterogeneous agents, taxes, externalities, financial frictions, competitive equilibrium, computation, simulation

27.
Downloads 174 (360,429)
Citation 3

Option Exercise with Temptation

Number of pages: 33 Posted: 15 Sep 2004
Jianjun Miao
Boston University - Department of Economics
Downloads 120 (490,596)
Citation 2

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Option Exercise With Temptation

Economic Theory, 2006
Number of pages: 29 Posted: 04 Mar 2007
Jianjun Miao
Boston University - Department of Economics
Downloads 54 (799,924)
Citation 1

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time (in)consistencey, self-control, temptation, procrastination, preproperation, option value

28.

Asset Pricing under Smooth Ambiguity in Continuous Time

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-39
Number of pages: 41 Posted: 18 Mar 2022
Lars Peter Hansen and Jianjun Miao
University of Chicago - Department of Economics and Boston University - Department of Economics
Downloads 144 (422,795)

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Risk, ambiguity, robustness, asset pricing, portfolio allocation, continuous time

29.

What Does the Corporate Income Tax Tax? A Simple Model Without Capital

NBER Working Paper No. w16199
Number of pages: 21 Posted: 19 Jul 2010 Last Revised: 07 Apr 2023
Laurence J. Kotlikoff and Jianjun Miao
Boston University - Department of Economics and Boston University - Department of Economics
Downloads 133 (450,350)
Citation 4

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Liquidity Premia, Price-Rent Dynamics, and Business Cycles

FRB Atlanta Working Paper No. 2014-15
Number of pages: 54 Posted: 04 Apr 2015
Jianjun Miao, Pengfei Wang and Tao A. Zha
Boston University - Department of Economics, Peking University HSBC Business School and Federal Reserve Bank of Atlanta
Downloads 89 (608,006)
Citation 7

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asset pricing, financial frictions, working capital, cutoff productivity, heterogeneous firms, endogenous TFP, house price, liquidity constraint

Discount Shock, Price-Rent Dynamics, and the Business Cycle

NBER Working Paper No. w20377
Number of pages: 56 Posted: 18 Aug 2014 Last Revised: 06 Mar 2023
Jianjun Miao, Pengfei Wang and Tao A. Zha
Boston University - Department of Economics, Peking University HSBC Business School and Federal Reserve Bank of Atlanta
Downloads 32 (994,448)
Citation 2

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31.

Bubbles and Total Factor Productivity

American Economic Review, Forthcoming
Number of pages: 6 Posted: 09 Apr 2012
Jianjun Miao and Pengfei Wang
Boston University - Department of Economics and Peking University HSBC Business School
Downloads 119 (491,175)
Citation 20

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32.

A Search Model of Centralized and Decentralized Trade

Number of pages: 38 Posted: 18 Oct 2004
Jianjun Miao
Boston University - Department of Economics
Downloads 113 (510,707)
Citation 7

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Search, matching and bargaining, bid-ask spread, liquidity, welfare, Walrasian equilibrium

Competitive Equilibria of Economies with a Continuum of Consumers and Aggregate Shocks

Number of pages: 35 Posted: 10 Nov 2003
Jianjun Miao
Boston University - Department of Economics
Downloads 99 (567,233)
Citation 18

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competitive equilibrium, recursive equilibrium, aggregate distribution, heterogeneity, incomplete markets, aggregate shocks

Competitive Equilibria of Economies with a Continuum of Consumers and Aggregate Shocks

Posted: 24 Jan 2005
Jianjun Miao
Boston University - Department of Economics

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34.

Does Lumpy Investment Matter for Business Cycles?

Number of pages: 46 Posted: 24 Apr 2009
Jianjun Miao and Pengfei Wang
Boston University - Department of Economics and Peking University HSBC Business School
Downloads 82 (631,163)
Citation 1

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generalized (S,s) rule, lumpy investment, general equilibrium, business cycles, marginal Q, exact irrelevance proposition

35.

Land Prices and Unemployment

FRB Atlanta Working Paper No. 2013-6
Number of pages: 45 Posted: 22 Mar 2015
Zheng Liu, Jianjun Miao and Tao A. Zha
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Boston University - Department of Economics and Federal Reserve Bank of Atlanta
Downloads 74 (668,307)
Citation 2

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Housing and labor markets, volatility, match value of employment, marginal utility of consumption, credit channel, labor channel

36.

Robust Inattentive Discrete Choice

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2024-102
Number of pages: 43 Posted: 29 Aug 2024
Lars Peter Hansen, Jianjun Miao and Hao Xing
University of Chicago - Department of Economics, Boston University - Department of Economics and Boston University - Questrom School of Business
Downloads 70 (688,524)

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rational inattention, robustness, information acquisition

Robust Financial Contracting and Investment

Number of pages: 49 Posted: 18 Feb 2021
Aifan Ling, Jianjun Miao and Neng Wang
Shanghai International Studies University, Boston University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 40 (914,447)

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Robustness, Overconfidence, Dynamic agency, q theory, Financial constraints, Ambiguity aversion, Asset pricing

Robust Financial Contracting and Investment

NBER Working Paper No. w28367
Number of pages: 49 Posted: 27 Jan 2021 Last Revised: 06 Jul 2023
Aifan Ling, Jianjun Miao and Neng Wang
Shanghai International Studies University, Boston University - Department of Economics and Columbia University - Columbia Business School, Finance
Downloads 20 (1,140,378)

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38.

Discount Shock, Price-Rent Dynamics, and the Business Cycle

FRB Atlanta Working Paper No. 2020-7
Number of pages: 43 Posted: 23 May 2020 Last Revised: 22 Apr 2022
Jianjun Miao, Pengfei Wang and Tao A. Zha
Boston University - Department of Economics, Peking University HSBC Business School and Federal Reserve Bank of Atlanta
Downloads 45 (849,498)

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liquidity premium, heterogeneous firms, endogenous TFP, stochastic discount factor, general equilibrium, asset pricing, comovements, production economy, bank loans, business cycles, debt

39.

Transitional Dynamics of Dividend and Capital Gains Tax Cuts

NBER Working Paper No. w16157
Number of pages: 34 Posted: 12 Jul 2010 Last Revised: 24 Feb 2023
Francois Gourio and Jianjun Miao
Federal Reserve Bank of Chicago and Boston University - Department of Economics
Downloads 45 (849,498)
Citation 5

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40.

Fiscal Stimulus Under Average Inflation Targeting

Number of pages: 46 Posted: 24 Apr 2023
Zheng Liu, Jianjun Miao and Dongling Su
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Boston University - Department of Economics and Shanghai University of Finance and Economics
Downloads 39 (900,613)

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Average inflation targeting, fiscal multiplier, monetary policy rules, fiscal policy rules, DSGE model

41.

Linear Quadratic Approximation of Rationally Inattentive Control Problems

Number of pages: 26 Posted: 15 Oct 2022
Jianjun Miao
Boston University - Department of Economics
Downloads 38 (909,686)

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Rational Inattention, Information Theory, Tracking Problem, Optimal Control, Entropy, Numerical Methods

42.

Land Prices and Unemployment

NBER Working Paper No. w19382
Number of pages: 46 Posted: 30 Aug 2013 Last Revised: 18 Jun 2023
Zheng Liu, Zheng Liu, Jianjun Miao and Tao A. Zha
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Banks - Federal Reserve Bank of San Francisco, Boston University - Department of Economics and Federal Reserve Bank of Atlanta
Downloads 38 (909,686)
Citation 7

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43.

Capital Return Jumps and Wealth Distribution

NBER Working Paper No. w29544
Number of pages: 52 Posted: 06 Dec 2021 Last Revised: 16 Apr 2023
Jess Benhabib, Wei Cui and Jianjun Miao
New York University - Leonard N. Stern School of Business - Department of Economics, University College London and Boston University - Department of Economics
Downloads 24 (1,056,302)

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44.

Lumpy Investment and Corporate Tax Policy

Posted: 07 Feb 2010
Pengfei Wang and Jianjun Miao
Peking University HSBC Business School and Boston University - Department of Economics

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generalized (S,s) rule, lumpy investment, general equilibrium, marginal Q, tax policy, adjustment costs

45.

Intertemporal Substitution and Recursive Smooth Ambiguity Preferences

Posted: 07 Feb 2010
Takashi Hayashi and Jianjun Miao
University of Texas at Austin and Boston University - Department of Economics

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Ambiguity, Ambiguity Aversion, Risk Aversion, Intertemporal Substitution, Model Uncertainty, Recursive Utility

46.

Informed Trading When Information Becomes Stale

Posted: 27 Oct 2004
Dan Bernhardt and Jianjun Miao
University of Illinois at Urbana-Champaign - Department of Economics and Boston University - Department of Economics

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47.

A Two-Person Dynamic Equilibrium Under Ambiguity

Posted: 27 Oct 2004
Larry G. Epstein and Jianjun Miao
University of Rochester - Department of Economics and Boston University - Department of Economics

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