Howard Kung

London Business School

Assistant Professor of Finance

Sussex Place

Regent's Park

London NW1 4SA

United Kingdom

Centre for Economic Policy Research (CEPR)

London

United Kingdom

  • London Business School

  • Centre for Economic Policy Research (CEPR)

SCHOLARLY PAPERS

19

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77

CROSSREF CITATIONS

60

Scholarly Papers (19)

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1.

Fiscal Policies and Asset Prices

Review of Financial Studies, 2012
Number of pages: 47 Posted: 15 Jun 2011 Last Revised: 10 Mar 2017
Mariano (Max) Massimiliano Croce, Howard Kung, Thien Tung Nguyen and Lukas Schmid
Finance Department, Bocconi University, London Business School, Ohio State University (OSU) - Department of Finance and Duke University - The Fuqua School of Business
Downloads 1,191 (17,130)
Citation 10

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cost of equity, corporate tax uncertainty, tax smoothing

2.

Innovation, Growth, and Asset Prices

AFA 2012 Chicago Meetings Paper
Number of pages: 50 Posted: 21 Mar 2011 Last Revised: 12 Jun 2014
Howard Kung and Lukas Schmid
London Business School and Duke University - The Fuqua School of Business
Downloads 1,184 (17,287)
Citation 24

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Endogenous growth, asset pricing, innovation, R&D, productivity, recursive preferences

3.

The Asset Redeployability Channel: How Uncertainty Affects Corporate Investment

Number of pages: 63 Posted: 15 Mar 2012 Last Revised: 20 Mar 2017
Hyunseob Kim and Howard Kung
Cornell University - Samuel Curtis Johnson Graduate School of Management and London Business School
Downloads 583 (46,802)
Citation 6

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Asset redeployability; Uncertainty; Irreversible investment; Capital reallocation; Real options

4.

The CAPM Strikes Back? An Equilibrium Model with Disasters

Downloads 523 ( 53,761)
Citation 6

The CAPM Strikes Back? An Equilibrium Model with Disasters

Fisher College of Business Working Paper No. 2015-03-03, Charles A. Dice Center Working Paper No. 2015-03
Number of pages: 58 Posted: 23 Feb 2015 Last Revised: 19 Feb 2018
Hang Bai, Kewei Hou, Howard Kung, Erica X. N. Li and Lu Zhang
University of Connecticut - Department of Finance, Ohio State University (OSU) - Department of Finance, London Business School, Cheung Kong Graduate School of Business and Ohio State University - Fisher College of Business
Downloads 377 (79,216)

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The CAPM, Rare Disasters, Measurement Errors, The Consumption CAPM, General Equilibrium

The CAPM Strikes Back? An Equilibrium Model with Disasters

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 07 Mar 2018
Hang Bai, Kewei Hou, Howard Kung, Erica X. N. Li and Lu Zhang
University of Connecticut - Department of Finance, Ohio State University (OSU) - Department of Finance, London Business School, Cheung Kong Graduate School of Business and Ohio State University - Fisher College of Business
Downloads 125 (232,405)
Citation 1

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The CAPM, Rare Disasters, Measurement Errors, The Consumption CAPM, General Equilibrium, Approximate Aggregation

The CAPM Strikes Back? An Investment Model with Disasters

NBER Working Paper No. w21016
Number of pages: 41 Posted: 16 Mar 2015
Hang Bai, Kewei Hou, Howard Kung and Lu Zhang
University of Connecticut - Department of Finance, Ohio State University (OSU) - Department of Finance, London Business School and Ohio State University - Fisher College of Business
Downloads 21 (546,179)

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5.

Competition, Markups and Predictable Returns

Number of pages: 47 Posted: 18 Jan 2015 Last Revised: 27 Aug 2019
Alexandre Corhay, Howard Kung and Lukas Schmid
University of Toronto - Rotman School of Management, London Business School and Duke University - The Fuqua School of Business
Downloads 502 (56,609)
Citation 18

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Production-based asset pricing, imperfect competition, time-varying risk premia, stock return predictability, recursive preferences

6.

Computational Methods for Production-Based Asset Pricing Models with Recursive Utility

Downloads 409 ( 72,844)
Citation 2

Computational Methods for Production-Based Asset Pricing Models with Recursive Utility

Economic Research Initiatives at Duke (ERID) Working Paper No. 87
Number of pages: 45 Posted: 15 Dec 2010 Last Revised: 10 May 2017
Eric M. Aldrich and Howard Kung
University of California, Santa Cruz and London Business School
Downloads 350 (86,486)
Citation 2

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DSGE Models, Nonlinear Solution Methods, Numerical Dynamic Program- ming, Recursive Utility, Asset Pricing

Computational Methods for Production-Based Asset Pricing Models with Recursive Utility

Number of pages: 45 Posted: 26 Sep 2009 Last Revised: 10 May 2017
Eric M. Aldrich and Howard Kung
University of California, Santa Cruz and London Business School
Downloads 59 (373,550)
Citation 1

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DSGE Models, Nonlinear Solution Methods, Numerical Dynamic Programming, Recursive Utility, Asset Pricing.

7.

Size Premium Waves

Number of pages: 29 Posted: 13 Aug 2018 Last Revised: 03 Oct 2018
Bernard Herskovic, Thilo Kind and Howard Kung
University of California, Los Angeles (UCLA) - Anderson School of Management, London Business School and London Business School
Downloads 278 (112,211)
Citation 1

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8.

Macroeconomic Linkages between Monetary Policy and the Term Structure of Interest Rates

Number of pages: 39 Posted: 16 Feb 2014 Last Revised: 21 Feb 2014
Howard Kung
London Business School
Downloads 194 (160,044)
Citation 21

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Term structure of interest rates, asset pricing, recursive preferences, monetary policy, endogenous growth, inflation, productivity

9.

Equilibrium Growth, Inflation, and Bond Yields

Number of pages: 50 Posted: 01 Mar 2012 Last Revised: 04 Jun 2012
Howard Kung
London Business School
Downloads 115 (246,295)
Citation 2

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Term structure of interest rates, asset pricing, recursive preferences, monetary policy, endogenous growth, inflation, productivity.

10.

Limited Marital Commitment and Household Portfolios

Number of pages: 31 Posted: 18 Nov 2016
Jawad M. Addoum, Howard Kung and Gonzalo Morales
Cornell University, London Business School and University of Alberta
Downloads 100 (271,462)
Citation 4

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Optimal Portfolio Choice, Limited Commitment, Bargaining Power, Risk Aversion

11.

Government Maturity Structure Twists

Number of pages: 40 Posted: 25 Apr 2016
Alexandre Corhay, Howard Kung and Gonzalo Morales
University of Toronto - Rotman School of Management, London Business School and University of Alberta
Downloads 76 (321,935)
Citation 6

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12.

Growth, Slowdowns, and Recoveries

Downloads 68 (342,405)
Citation 9

Growth, Slowdowns, and Recoveries

Economic Research Initiatives at Duke (ERID) Working Paper No. 184
Number of pages: 39 Posted: 16 Mar 2015 Last Revised: 11 Apr 2015
Francesco Bianchi and Howard Kung
Duke University and London Business School
Downloads 58 (376,752)
Citation 4

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DSGE model, Endogenous growth, Technology Diffusion, Business cycles, Bayesian Methods

Growth, Slowdowns, and Recoveries

NBER Working Paper No. w20725
Number of pages: 38 Posted: 08 Dec 2014
Francesco Bianchi, Howard Kung and Gonzalo Morales
Duke University, London Business School and University of Alberta
Downloads 10 (621,518)

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Growth, Slowdowns, and Recoveries

CEPR Discussion Paper No. DP10291
Number of pages: 44 Posted: 08 Dec 2014 Last Revised: 11 Dec 2017
Francesco Bianchi, Howard Kung and Gonzalo Morales
Duke University, London Business School and University of Alberta
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Citation 2
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Bayesian methods, business cycles, DSGE model, endogenous growth, technology diffusion

13.

Threats to Central Bank Independence: High-Frequency Evidence with Twitter

Number of pages: 35 Posted: 24 Sep 2019
Francesco Bianchi, Thilo Kind and Howard Kung
Duke University, London Business School and London Business School
Downloads 67 (345,204)

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Central bank independence, monetary policy, fed funds target, high-frequency identification, twitter

14.

QE in the Fiscal Theory: A Risk-Based View

Rotman School of Management Working Paper No. 2981085
Number of pages: 52 Posted: 07 Jun 2017
Alexandre Corhay, Howard Kung and Gonzalo Morales
University of Toronto - Rotman School of Management, London Business School and University of Alberta
Downloads 56 (377,761)

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Fiscal Theory of the Price Level, Government Debt, Maturity Structure, Inflation, Bond Risk Premia, Markov-Switching DSGE, Nonlinear Solution Methods, Time-Varying Risk Premia

15.

A Macroeconomic Foundation for the Equilibrium Term Structure of Interest Rates

Number of pages: 37 Posted: 25 Apr 2013
Howard Kung
London Business School
Downloads 52 (390,765)

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term structure of interest rates, asset pricing, recursive preferences, monetary policy, endogenous growth, inflation, productivity

16.

Strategic Product Diversity

Number of pages: 59 Posted: 02 Dec 2019
Nuno Clara, Alexandre Corhay and Howard Kung
London Business School, University of Toronto - Rotman School of Management and London Business School
Downloads 22 (522,461)

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Firm Boundary, Multi Product Firm, Asset Pricing, Imperfect Competition, Financial Frictions, Idiosyncratic Volatility, Productivity, Secular Trends

17.

Threats to Central Bank Independence: High-Frequency Identification with Twitter

Downloads 15 (564,347)
Citation 1

Threats to Central Bank Independence: High-Frequency Identification with Twitter

NBER Working Paper No. w26308
Number of pages: 36 Posted: 23 Sep 2019
Francesco Bianchi, Howard Kung and Thilo Kind
Duke University, London Business School and London Business School
Downloads 14 (593,216)
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Threats to Central Bank Independence: High-Frequency Identification with Twitter

CEPR Discussion Paper No. DP14021
Number of pages: 38 Posted: 07 Oct 2019
Francesco Bianchi, Thilo Kind and Howard Kung
Duke University, London Business School and London Business School
Downloads 1 (698,427)
Citation 1
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central bank independence, fed funds target, High-Frequency Identification, monetary policy, Twitter

18.

Disagreement about Innovations and Endogenous Growth

Number of pages: 31 Posted: 05 Dec 2019
Christian Heyerdahl-Larsen, Philipp K. Illeditsch and Howard Kung
Indiana University - Kelley School of Business - Department of Finance, University of Pennsylvania - Finance Department and London Business School
Downloads 9 (602,802)

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Disagreement, Optimism, Entrepreneurship, Externality, Endogenous Growth, Innovations, Laffer Curve

19.

The Origins and Effects of Macroeconomic Uncertainty

Downloads 5 (629,481)
Citation 1

The Origins and Effects of Macroeconomic Uncertainty

NBER Working Paper No. w25386
Number of pages: 56 Posted: 26 Dec 2018
Francesco Bianchi, Howard Kung and Mikhail Tirskikh
Duke University, London Business School and London Business School
Downloads 5 (657,676)
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The Origins and Effects of Macroeconomic Uncertainty

CEPR Discussion Paper No. DP13450
Number of pages: 58 Posted: 23 Jan 2019
Francesco Bianchi, Howard Kung and Mikhail Tirskikh
Duke University, London Business School and London Business School
Downloads 0
Citation 1
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Business Cycles, Term Structure of Interest Rates, time-varying risk premia, Uncertainty shocks