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

20

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SSRN CITATIONS
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134

CROSSREF CITATIONS

61

Scholarly Papers (20)

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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 University of Southern California - Marshall School of Business
Downloads 1,211 (18,032)
Citation 16

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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 University of Southern California - Marshall School of Business
Downloads 1,194 (18,445)
Citation 31

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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 626 (45,854)
Citation 18

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

4.

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 University of Southern California - Marshall School of Business
Downloads 552 (53,853)
Citation 23

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

5.

The CAPM Strikes Back? An Equilibrium Model with Disasters

Downloads 546 ( 54,618)
Citation 8

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 397 (79,958)
Citation 2

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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 127 (244,074)
Citation 4

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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 22 (571,542)

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6.

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

Downloads 428 ( 73,852)
Citation 1

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 369 (87,128)
Citation 1

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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 (396,132)
Citation 1

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

7.

Micro Uncertainty and Asset Prices

Number of pages: 44 Posted: 13 Aug 2018 Last Revised: 17 Jun 2020
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 322 (102,420)
Citation 1

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Production-based asset pricing, Neoclassical Investment, Long-run risks, Cross-section of returns, Micro uncertainty, TFP

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 208 (159,893)
Citation 23

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

9.

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 125 (246,093)
Citation 6

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

10.

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 120 (253,866)
Citation 2

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

11.

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 116 (260,169)

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

12.

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 79 (334,129)
Citation 5

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13.

Growth, Slowdowns, and Recoveries

Downloads 72 (352,236)
Citation 13

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 60 (392,754)
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 12 (643,876)

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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 6
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Bayesian methods, business cycles, DSGE model, endogenous growth, technology diffusion

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 60 (387,330)

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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.

Q: Risk, Rents, or Growth?

Number of pages: 67 Posted: 26 Mar 2020 Last Revised: 29 Apr 2020
Alexandre Corhay, Howard Kung and Lukas Schmid
University of Toronto - Rotman School of Management, London Business School and University of Southern California - Marshall School of Business
Downloads 58 (393,797)
Citation 3

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Tobin's Q, Aggregate demand, Simulated method of moments, Corporate investment, Intangible capital, Innovation, Industry concentration, Price-dividend ratios, Asset valuations, Equity premium

16.

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 (414,208)

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

17.

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 39 (464,945)

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

18.

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 33 (492,186)

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

19.

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

Downloads 17 (585,570)
Citation 5

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

NBER Working Paper No. w26308
Number of pages: 49 Posted: 23 Sep 2019
Francesco Bianchi, Howard Kung and Thilo Kind
Duke University, London Business School and London Business School
Downloads 16 (613,794)
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Threats to Central Bank Independence: High-Frequency Identification with Twitter

CEPR Discussion Paper No. DP14021
Number of pages: 51 Posted: 07 Oct 2019 Last Revised: 13 Jan 2020
Francesco Bianchi, Thilo Kind and Howard Kung
Duke University, London Business School and London Business School
Downloads 1 (741,023)
Citation 5
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central bank independence, fed funds target, High-Frequency Identification, monetary policy, Twitter

20.

The Origins and Effects of Macroeconomic Uncertainty

Downloads 5 (668,775)
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 (698,024)
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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