Marco Di Maggio

Harvard Business School

Assistant Professor of Business Administration

Boston, MA 02163

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 5,238

SSRN RANKINGS

Top 5,238

in Total Papers Downloads

6,717

CITATIONS

1

Scholarly Papers (16)

The Relevance of Broker Networks for Information Diffusion in the Stock Market

Swiss Finance Institute Research Paper No. 16-63, Harvard Business School Finance Working Paper
Number of pages: 74 Posted: 28 Oct 2016 Last Revised: 10 Jun 2017
Harvard Business School, USI Lugano, University of California, Berkeley and Università della Svizzera italiana (USI), Lugano; Swiss Finance Institute
Downloads 777 (24,853)

Abstract:

broker networks, institutional investors, asset prices, information

The Relevance of Broker Networks for Information Diffusion in the Stock Market

Harvard Business School Finance Working Paper No. 18-001
Number of pages: 76 Posted: 05 Jul 2017
Harvard Business School, USI Lugano, University of California, Berkeley and Università della Svizzera italiana (USI), Lugano; Swiss Finance Institute
Downloads 106 (216,608)

Abstract:

The Relevance of Broker Networks for Information Diffusion in the Stock Market

NBER Working Paper No. w23522
Number of pages: 75 Posted: 19 Jun 2017
Harvard Business School, USI Lugano, University of California, Berkeley and Università della Svizzera italiana (USI), Lugano; Swiss Finance Institute
Downloads 8 (533,313)
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Abstract:

How Quantitative Easing Works: Evidence on the Refinancing Channel

Columbia Business School Research Paper No. 16-1
Number of pages: 76 Posted: 09 Dec 2015 Last Revised: 06 Dec 2016
Marco Di Maggio, Amir Kermani and Christopher Palmer
Harvard Business School, University of California, Berkeley and MIT Sloan
Downloads 591 (36,145)

Abstract:

Monetary policy, MBS, quantitative easing, LSAP, Refinancing, deleveraging, HARP, GSE

How Quantitative Easing Works: Evidence on the Refinancing Channel

NBER Working Paper No. w22638
Posted: 20 Sep 2016
Marco Di Maggio, Amir Kermani and Christopher Palmer
Harvard Business School, University of California, Berkeley and MIT Sloan
Downloads 13 (505,178)
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Abstract:

Financial Disclosure and Market Transparency with Costly Information Processing

Forthcoming, Review of Finance, ECGI - Finance Working Paper
Number of pages: 47 Posted: 21 Oct 2012 Last Revised: 07 Dec 2016
Marco Di Maggio and Marco Pagano
Harvard Business School and University of Naples Federico II - Department of Economics and Statistics
Downloads 368 (65,569)
Citation 1

Abstract:

disclosure, transparency, complex assets

Financial Disclosure and Market Transparency with Costly Information Processing

Forthcoming, Review of Finance
Number of pages: 47 Posted: 01 Nov 2014 Last Revised: 07 Dec 2016
Marco Di Maggio and Marco Pagano
Harvard Business School and University of Naples Federico II - Department of Economics and Statistics
Downloads 220 (115,607)
Citation 1

Abstract:

disclosure, transparency, financial literacy, limited attention, OTC markets

Financial Disclosure and Market Transparency with Costly Information Processing

CEPR Discussion Paper No. DP9207
Number of pages: 40 Posted: 01 Feb 2013
Marco Di Maggio and Marco Pagano
Harvard Business School and University of Naples Federico II - Department of Economics and Statistics
Downloads 2 (567,844)
Citation 1
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Abstract:

financial disclosure, information processing, liquidity, market transparency, rational inattention

The Value of Trading Relationships in Turbulent Times

Journal of Financial Economics (JFE), Forthcoming, Columbia Business School Research Paper No. 15-65
Number of pages: 54 Posted: 07 Jul 2015 Last Revised: 20 Jul 2016
Marco Di Maggio, Amir Kermani and Zhaogang Song
Harvard Business School, University of California, Berkeley and Johns Hopkins University - Carey Business School
Downloads 554 (39,412)

Abstract:

OTC markets, network, corporate bonds, crisis, intermediation chains, leaning against the wind

The Value of Trading Relationships in Turbulent Times

NBER Working Paper No. w22332
Number of pages: 52 Posted: 13 Jun 2016
Marco Di Maggio, Amir Kermani and Zhaogang Song
Harvard Business School, University of California, Berkeley and Johns Hopkins University - Carey Business School
Downloads 8 (533,313)
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Abstract:

5.

Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging

Columbia Business School Research Paper No. 14-24
Number of pages: 77 Posted: 03 Sep 2014 Last Revised: 05 Dec 2014
Marco Di Maggio, Amir Kermani and Rodney Ramcharan
Harvard Business School, University of California, Berkeley and University of Southern California, Marshall School of Business
Downloads 416 (17,459)

Abstract:

Monetary policy, Household finance, Refinancing, Contract rigidities, Debt rigidity, MPC, deleveraging

The Unintended Consequences of the Zero Lower Bound Policy

Journal of Financial Economics (JFE), Forthcoming, Columbia Business School Research Paper No. 14-25
Number of pages: 57 Posted: 25 Jun 2014 Last Revised: 09 Feb 2016
Marco Di Maggio and Marcin T. Kacperczyk
Harvard Business School and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 397 (59,954)

Abstract:

Quantitative easing, money market funds, reaching for yield, risk taking, fund exit, unconventional monetary policy

The Unintended Consequences of the Zero Lower Bound Policy

NBER Working Paper No. w22351
Number of pages: 51 Posted: 20 Jun 2016
Marco Di Maggio and Marcin T. Kacperczyk
Harvard Business School and Imperial College London - Accounting, Finance, and Macroeconomics
Downloads 7 (538,658)
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Abstract:

Unemployment Insurance as an Automatic Stabilizer: The Financial Channel

Harvard Business School Finance Working Paper Forthcoming
Number of pages: 64 Posted: 08 Mar 2015 Last Revised: 22 May 2017
Marco Di Maggio and Amir Kermani
Harvard Business School and University of California, Berkeley
Downloads 381 (62,963)

Abstract:

Unemployment insurance, automatic stabilizers, Bartik shocks, volatility, aggregate demand

The Importance of Unemployment Insurance as an Automatic Stabilizer

NBER Working Paper No. w22625
Number of pages: 72 Posted: 12 Sep 2016
Marco Di Maggio and Amir Kermani
Harvard Business School and University of California, Berkeley
Downloads 3 (559,721)
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Abstract:

8.

Credit-Induced Boom and Bust

The Review of Financial Studies (Forthcoming)
Number of pages: 63 Posted: 08 Jul 2014 Last Revised: 22 Dec 2016
Marco Di Maggio and Amir Kermani
Harvard Business School and University of California, Berkeley
Downloads 360 (20,394)

Abstract:

Great Recession, subprime, credit supply, credit expansion, household leverage, household debt, preemption rule

9.

Information Sharing, Social Norms and Performance

Number of pages: 51 Posted: 23 Jul 2011 Last Revised: 05 Sep 2013
Marco Di Maggio and Marshall W. Van Alstyne
Harvard Business School and Boston University – Questrom School of Business
Downloads 194 (108,301)

Abstract:

learning effect, information sharing, productivity, communication

10.

Collateral Shortages and Intermediation Networks

Columbia Business School Research Paper No. 14-40
Number of pages: 33 Posted: 24 Sep 2014 Last Revised: 03 Nov 2015
Marco Di Maggio and Alireza Tahbaz-Salehi
Downloads 181 (66,859)

Abstract:

Financial intermediation, financial networks, secured lending, collateral, repo runs, ABCP collapse

11.

Fake Alphas, Tail Risk and Reputation Traps

Columbia Business School Research Paper No. 14-4
Number of pages: 49 Posted: 14 Dec 2013 Last Revised: 08 Jun 2015
Marco Di Maggio
Harvard Business School
Downloads 96 (150,874)

Abstract:

reputation, alphas, flight to safety, hedge funds, John Paulson

12.

Market Turmoil and Destabilizing Speculation

Columbia Business School Research Paper No. 13-80
Number of pages: 53 Posted: 13 Nov 2013 Last Revised: 03 Aug 2016
Marco Di Maggio
Harvard Business School
Downloads 84 (148,575)

Abstract:

Market freeze, arbitrageurs, amplification mechanism, price overshooting, financial crisis, speculation

Household Credit and Local Economic Uncertainty

Number of pages: 44 Posted: 27 Jun 2017
Harvard Business School, University of California, Berkeley, University of Southern California, Marshall School of Business and Federal Reserve Bank of Philadelphia
Downloads 22 (452,864)

Abstract:

Household Credit and Local Economic Uncertainty

FRB of Philadelphia Working Paper No. 17-21
Number of pages: 45 Posted: 04 Aug 2017
Harvard Business School, University of California, Berkeley, University of Southern California, Marshall School of Business and Federal Reserve Bank of Philadelphia
Downloads 5 (548,868)

Abstract:

consumer credit, mortgages, credit cards, lending practices

14.

Partial Deregulation and Competition: Effects on Risky Mortgage Origination

Harvard Business School Finance Working Paper, Columbia Business School Research Paper No. 15-47
Number of pages: 55 Posted: 08 Apr 2015 Last Revised: 03 Mar 2017
Marco Di Maggio, Amir Kermani and Sanket Korgaonkar
Harvard Business School, University of California, Berkeley and Pennsylvania State University - Smeal College of Business
Downloads 23 (109,718)

Abstract:

Great Recession, subprime, complex mortgages, credit supply, competition, household debt, preemption rule

15.

Brokers and Order Flow Leakage: Evidence from Fire Sales

Number of pages: 36 Posted: 23 Jun 2017 Last Revised: 28 Jun 2017
Università della Svizzera italiana (USI), Lugano, Harvard Business School, USI Lugano and Toulouse School of Economics
Downloads 0 (145,428)

Abstract:

Predatory Trading, Back Running, Fire Sales, Brokers

16.

Health Spending Slowed Down in Spite of the Crisis

FRB of NY Staff Report No. 781
Number of pages: 22 Posted: 29 Jun 2016 Last Revised: 06 Sep 2017
Harvard Business School, Federal Reserve Bank of New York, University of California, Berkeley, Columbia University and Federal Reserve Bank of New York
Downloads 0 (464,725)

Abstract:

health spending, Great Recession, anti-predatory lending