Carolin E. Pflueger

University of Chicago - Harris School of Public Policy

1155 East 60th Street

Chicago, IL 60637

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • University of Chicago - Harris School of Public Policy

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

19

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7,726

SSRN CITATIONS
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SSRN RANKINGS

Top 2,116

in Total Papers Citations

801

CROSSREF CITATIONS

45

Scholarly Papers (19)

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1.

A Robust Test for Weak Instruments in Stata

Number of pages: 16 Posted: 05 Nov 2013 Last Revised: 03 Dec 2014
Carolin E. Pflueger, Carolin E. Pflueger and Su Wang
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and ShanghaiTech University, School of Entrepreneurship and Management
Downloads 1,450 (26,187)
Citation 38

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F Statistic, Heteroskedasticity, Autocorrelation, Clustered, Stata

2.

Macroeconomic Drivers of Bond and Equity Risks

Downloads 1,398 (27,613)
Citation 120

Macroeconomic Drivers of Bond and Equity Risks

Harvard Business School Finance Working Paper No. 14-031
Number of pages: 55 Posted: 29 Sep 2013 Last Revised: 05 Dec 2019
John Y. Campbell, Carolin E. Pflueger, Carolin E. Pflueger and Luis M. Viceira
Harvard University - Department of Economics, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 1,354 (28,456)
Citation 135

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consumption-based habit formation; consumption Euler equation; time-varying risk premia; inflation dynamics; bond-stock correlation

Macroeconomic Drivers of Bond and Equity Risks

NBER Working Paper No. w20070
Number of pages: 56 Posted: 28 Apr 2014
John Y. Campbell, Carolin E. Pflueger, Carolin E. Pflueger and Luis M. Viceira
Harvard University - Department of Economics, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 44 (798,495)
Citation 1

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3.

Inflation and Asset Returns

Downloads 1,095 (39,673)
Citation 18

Inflation and Asset Returns

Annual Review of Financial Economics, Vol. 15, pp. 433-448, 2023
Posted: 07 Nov 2023
Anna Cieslak, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy

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Inflation and Asset Returns

Number of pages: 23 Posted: 15 Nov 2022 Last Revised: 09 May 2024
Anna Cieslak, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 899 (51,496)
Citation 3

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inflation, risk premia, expectations

Inflation and Asset Returns

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2023-34
Number of pages: 25 Posted: 15 Mar 2023
Anna Cieslak, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 187 (309,578)

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Inflation and Asset Returns

NBER Working Paper No. w30982
Number of pages: 24 Posted: 13 Mar 2023 Last Revised: 05 Apr 2023
Anna Cieslak, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 9 (1,159,785)
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4.

Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy

Downloads 746 (66,830)
Citation 34

Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy

Number of pages: 49 Posted: 07 Feb 2017 Last Revised: 13 Jan 2020
Wenxin Du, Carolin E. Pflueger, Carolin E. Pflueger and Jesse Schreger
Harvard Business School, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Columbia University - Columbia Business School, Economics
Downloads 647 (79,138)
Citation 42

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local currency debt, bond betas, inflation cyclicality, bond risk premia, inflation commitment

Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-110
Number of pages: 46 Posted: 28 Aug 2019
Wenxin Du, Carolin E. Pflueger, Carolin E. Pflueger and Jesse Schreger
Harvard Business School, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Columbia University - Columbia Business School, Economics
Downloads 60 (694,559)
Citation 1

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Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy

NBER Working Paper No. w22592
Number of pages: 46 Posted: 07 Sep 2016 Last Revised: 26 Mar 2023
Wenxin Du, Carolin E. Pflueger, Carolin E. Pflueger and Jesse Schreger
Harvard Business School, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard University - Business School (HBS)
Downloads 39 (837,042)

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5.

Financial Market Risk Perceptions and the Macroeconomy

Downloads 641 (81,103)
Citation 37

Financial Market Risk Perceptions and the Macroeconomy

Harvard Business School Finance Working Paper No. 17-040
Number of pages: 66 Posted: 22 Nov 2016 Last Revised: 06 Sep 2019
Carolin E. Pflueger, Carolin E. Pflueger, Emil Siriwardane and Adi Sunderam
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy, Harvard Business School - Finance Unit and Harvard University - Business School (HBS)
Downloads 590 (88,934)
Citation 4

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risk-centric business cycles, cross-section of equities, real risk-free rate, real investment

Financial Market Risk Perceptions and the Macroeconomy

NBER Working Paper No. w26290
Number of pages: 65 Posted: 23 Sep 2019 Last Revised: 03 May 2023
Carolin E. Pflueger, Carolin E. Pflueger, Emil Siriwardane and Aditya Sunderam
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy, Harvard Business School - Finance Unit and Harvard University
Downloads 51 (749,803)
Citation 7

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6.

Inflation Risk in Corporate Bonds

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 15 Mar 2012 Last Revised: 15 Jun 2018
Johnny Kang, Carolin E. Pflueger and Carolin E. Pflueger
BlackRock, Inc and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 460 (122,160)
Citation 44

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Inflation Volatility, Nominal-Real Correlation, International Credit Spreads, Corporate Default, Capital Structure, Leverage

7.

Flexible Prices and Leverage

Downloads 440 (128,686)
Citation 35

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, Carolin E. Pflueger and Michael Weber
Georgetown University, BlackRock, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and University of Chicago - Finance
Downloads 211 (276,849)

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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, Carolin E. Pflueger and Michael Weber
Georgetown University, University of California, Berkeley, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and University of Chicago - Finance
Downloads 112 (472,658)

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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, Carolin E. Pflueger and Michael Weber
Georgetown University, BlackRock, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and University of Chicago - Finance
Downloads 93 (539,424)

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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 Last Revised: 12 Jul 2023
Francesco D'Acunto, Carolin E. Pflueger, Carolin E. Pflueger, Michael Weber and Ryan Liu
Georgetown University, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy, University of Chicago - Finance and University of California, Berkeley
Downloads 24 (975,409)

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8.

Inflation and Treasury Convenience

Downloads 373 (155,946)
Citation 1

Inflation and Treasury Convenience

USC Marshall School of Business Research Paper Sponsored by iORB
Number of pages: 77 Posted: 23 Nov 2023
Anna Cieslak, Wenhao Li, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business, University of Southern California - Marshall School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 366 (157,933)
Citation 1

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Treasury convenience, inflation, demand shocks, money view, JEL classification: E44, E58, G01, G28

Inflation and Treasury Convenience

NBER Working Paper No. w32881
Number of pages: 78 Posted: 03 Sep 2024
Anna Cieslak, Wenhao Li, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business, University of Southern California - Marshall School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 5 (1,195,455)
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Inflation and Treasury Convenience

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2024-108
Number of pages: 78 Posted: 05 Sep 2024
Anna Cieslak, Wenhao Li, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business, University of Southern California - Marshall School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 2 (1,233,778)

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9.

Return Predictability in the Treasury Market: Real Rates, Inflation, and Liquidity

Downloads 337 (173,599)
Citation 25

Return Predictability in the Treasury Market: Real Rates, Inflation, and Liquidity

Number of pages: 50 Posted: 15 Mar 2011 Last Revised: 27 Sep 2013
Carolin E. Pflueger, Carolin E. Pflueger and Luis M. Viceira
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 265 (221,812)
Citation 4

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Term structure, Real interest rate risk, Inflation risk, Inflation-Indexed Bonds

Return Predictability in the Treasury Market: Real Rates, Inflation, and Liquidity

NBER Working Paper No. w16892
Number of pages: 50 Posted: 21 Mar 2011 Last Revised: 27 Feb 2022
Carolin E. Pflueger, Carolin E. Pflueger and Luis M. Viceira
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 72 (630,730)
Citation 17

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10.

Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion

Downloads 216 (271,820)
Citation 34

Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-138
Number of pages: 81 Posted: 30 Sep 2020
Carolin E. Pflueger, Carolin E. Pflueger and Gianluca Rinaldi
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard University, Department of Economics
Downloads 165 (346,300)

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Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion

NBER Working Paper No. w27856
Number of pages: 81 Posted: 28 Sep 2020 Last Revised: 11 Feb 2023
Carolin E. Pflueger, Carolin E. Pflueger and Gianluca Rinaldi
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard University, Department of Economics
Downloads 51 (749,803)
Citation 31

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11.

Back to the 1980s or Not? The Drivers of Inflation and Real Risks in Treasury Bonds

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 102, 2022
Number of pages: 49 Posted: 03 Aug 2022 Last Revised: 08 Feb 2023
Carolin E. Pflueger and Carolin E. Pflueger
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 185 (313,141)

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inflation, risk premia, bond return predictability, stagflation, monetary policy

12.

Perceptions about Monetary Policy

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-130
Number of pages: 71 Posted: 21 Sep 2022
Michael D. Bauer, Carolin E. Pflueger, Carolin E. Pflueger and Adi Sunderam
University of Hamburg, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard University - Business School (HBS)
Downloads 88 (553,141)

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13.

A Measure of Risk Appetite for the Macroeconomy

NBER Working Paper No. w24529
Number of pages: 55 Posted: 23 Apr 2018 Last Revised: 10 Jul 2023
Carolin E. Pflueger, Carolin E. Pflueger, Emil Siriwardane and Aditya Sunderam
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy, Harvard Business School - Finance Unit and Harvard University
Downloads 77 (598,291)
Citation 2

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14.

Inflation-Indexed Bonds and the Expectations Hypothesis

Downloads 68 (640,245)
Citation 8

Inflation-Indexed Bonds and the Expectations Hypothesis

NBER Working Paper No. w16903
Number of pages: 32 Posted: 28 Mar 2011 Last Revised: 10 Mar 2023
Carolin E. Pflueger, Carolin E. Pflueger and Luis M. Viceira
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 68 (650,942)
Citation 8

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Inflation-Indexed Bonds and the Expectations Hypothesis

Annual Review of Financial Economics, Vol. 3, pp. 139-158, 2011
Posted: 10 Jan 2012
Carolin E. Pflueger, Carolin E. Pflueger and Luis M. Viceira
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit

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15.

Doubling Down on Debt: Limited Liability as a Financial Friction

Downloads 59 (686,827)

Doubling Down on Debt: Limited Liability as a Financial Friction

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-122
Number of pages: 71 Posted: 08 Sep 2020
Jesse Perla, Carolin E. Pflueger, Carolin E. Pflueger and Michal Szkup
University of British Columbia (UBC), National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and University of British Columbia - Department of Economics
Downloads 46 (783,942)

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Doubling Down on Debt: Limited Liability as a Financial Friction

NBER Working Paper No. w27747
Number of pages: 71 Posted: 31 Aug 2020 Last Revised: 26 Apr 2023
Jesse Perla, Carolin E. Pflueger, Carolin E. Pflueger and Michael Szkup
University of British Columbia (UBC), National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and affiliation not provided to SSRN
Downloads 12 (1,112,344)

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Doubling Down on Debt: Limited Liability as a Financial Friction

CEPR Discussion Paper No. DP15238
Number of pages: 73 Posted: 12 Sep 2020
Jesse Perla, Carolin E. Pflueger, Carolin E. Pflueger and Michael Szkup
University of British Columbia (UBC), National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and affiliation not provided to SSRN
Downloads 1 (1,248,433)
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Debt overhang, equity payout restrictions, leverage, Overinvestment, underinvestment

16.

Perceptions About Monetary Policy

CESifo Working Paper No. 10182
Number of pages: 67 Posted: 06 Jan 2023
Michael D. Bauer, Carolin E. Pflueger, Carolin E. Pflueger and Aditya Sunderam
University of Hamburg, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard University
Downloads 41 (800,682)

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FOMC, monetary policy rule, survey forecasts, beliefs

17.

Global Hegemony and Exorbitant Privilege

Downloads 35 (855,412)

Global Hegemony and Exorbitant Privilege

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2024-95
Number of pages: 40 Posted: 12 Aug 2024
Carolin E. Pflueger, Carolin E. Pflueger and Pierre Yared
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Columbia University - Columbia Business School, Finance
Downloads 21 (1,019,099)

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International Conflicts, Financial Globalization, International Financial Markets, National Security and War JEL Classifications: F51

Global Hegemony and Exorbitant Privilege

Number of pages: 40 Posted: 08 Aug 2024
Carolin E. Pflueger, Carolin E. Pflueger and Pierre Yared
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Columbia University - Columbia Business School, Finance
Downloads 13 (1,100,551)

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International Conflicts, Financial Globalization, International Financial Markets, National Security and War JEL Classifications: F51, F65, G15, H56

Global Hegemony and Exorbitant Privilege

NBER Working Paper No. w32775
Number of pages: 40 Posted: 12 Aug 2024
Carolin E. Pflueger, Carolin E. Pflueger and Pierre Yared
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Columbia University - Columbia Business School, Finance
Downloads 1 (1,248,433)
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18.

Perceptions About Monetary Policy

NBER Working Paper No. w30480
Number of pages: 70 Posted: 19 Sep 2022 Last Revised: 03 Jul 2023
Michael Bauer, Carolin E. Pflueger, Carolin E. Pflueger and Aditya Sunderam
Federal Reserve Bank of San Francisco, National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy and Harvard University
Downloads 11 (1,085,469)

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19.

Back to the 1980s or Not? The Drivers of Inflation and Real Risks in Treasury Bonds

NBER Working Paper No. w30921
Number of pages: 48 Posted: 06 Feb 2023 Last Revised: 09 Jul 2023
Carolin E. Pflueger and Carolin E. Pflueger
National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 6 (1,139,988)
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