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

SCHOLARLY PAPERS

23

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Top 7,595

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11,051

SSRN CITATIONS
Rank 2,975

SSRN RANKINGS

Top 2,975

in Total Papers Citations

543

CROSSREF CITATIONS

61

Scholarly Papers (23)

1.

Fiscal Policies and Asset Prices

Review of Financial Studies, 2012
Number of pages: 47 Posted: 15 Jun 2011 Last Revised: 10 Mar 2017
Finance Department, Bocconi University, London Business School, Federal Reserve Board of Governors and University of Southern California - Marshall School of Business
Downloads 1,364 (27,572)
Citation 18

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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 1,315 (29,101)
Citation 78

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

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
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 692 (69,949)
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
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 250 (226,571)
Citation 5

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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 Last Revised: 05 Jun 2022
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 133 (398,068)

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4.

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
Federal Reserve Bank of Chicago and London Business School
Downloads 977 (44,581)
Citation 83

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

5.

Micro Uncertainty and Asset Prices

Number of pages: 52 Posted: 13 Aug 2018 Last Revised: 29 Dec 2022
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 752 (63,724)
Citation 1

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

6.

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 751 (63,864)
Citation 24

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

Using Social Media to Identify the Effects of Congressional Viewpoints on Asset Prices

Number of pages: 64 Posted: 12 Apr 2021 Last Revised: 10 Nov 2023
Johns Hopkins University, New York University (NYU) - Leonard N. Stern School of Business and London Business School
Downloads 639 (77,479)

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Asset pricing, political news, social media, high-frequency identification.

Using Social Media to Identify the Effects of Congressional Viewpoints on Asset Prices

NBER Working Paper No. w28749
Number of pages: 80 Posted: 03 May 2021 Last Revised: 22 Jul 2023
Johns Hopkins University, London Business School and New York University (NYU) - Leonard N. Stern School of Business
Downloads 22 (965,319)

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Using Social Media to Identify the Effects of Congressional Viewpoints on Asset Prices

CEPR Discussion Paper No. DP16034
Number of pages: 57 Posted: 14 May 2021 Last Revised: 04 Feb 2022
Johns Hopkins University, New York University (NYU) - Leonard N. Stern School of Business and London Business School
Downloads 0
Citation 5
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Asset Pricing, High-Frequency Identification, partisanship, social media

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 485 (109,318)
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 88 (536,980)
Citation 1

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

9.

Q: Risk, Rents, or Growth?

USC Marshall School of Business Research Paper Sponsored by iORB, No. Forthcoming
Number of pages: 72 Posted: 26 Mar 2020 Last Revised: 19 Dec 2023
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 484 (110,840)
Citation 4

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Tobin's Q, Aggregate demand, Simulated method of moments, Corporate investment, Intangible capital, Innovation, Industry concentration

10.

The Present Value of Future Market Power

Number of pages: 45 Posted: 22 Oct 2021 Last Revised: 27 Nov 2023
Korea University Business School, London Business School, University of Washington and London Business School
Downloads 445 (122,445)

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present-value identity, markups, market power, M&A, risk premia, valuation

11.

Firm Product Concentration and Asset Prices

Number of pages: 62 Posted: 02 Dec 2019 Last Revised: 23 Aug 2021
London Business SchoolDuke University - Finance, University of Toronto - Rotman School of Management and London Business School
Downloads 414 (133,163)

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

12.

Limited Marital Commitment and Household Portfolios

Number of pages: 31 Posted: 18 Nov 2016
Jawad M. Addoum, Howard Kung and Gonzalo Morales
Cornell SC Johnson College of Business, London Business School and University of Alberta
Downloads 366 (152,979)
Citation 8

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

13.

Can U.S. Treasury Markets Add and Subtract?

Stanford University Graduate School of Business Research Paper No. 4693279
Number of pages: 87 Posted: 28 Jan 2024 Last Revised: 05 May 2024
New York University (NYU) - Leonard N. Stern School of Business, London Business School and Stanford Graduate School of Business
Downloads 336 (167,856)

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fiscal policy, monetary policy, bond pricing, federal budget

14.

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 323 (175,107)
Citation 24

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

15.

Discount Rates, Debt Maturity, and the Fiscal Theory

Rotman School of Management Working Paper No. 2981085
Number of pages: 77 Posted: 07 Jun 2017 Last Revised: 31 Dec 2022
University of Toronto - Rotman School of Management, London Business School, London Business School and University of Alberta
Downloads 226 (251,079)

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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

16.

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

Number of pages: 69 Posted: 24 Sep 2019
Francesco Bianchi, Thilo Kind and Howard Kung
Johns Hopkins University, London Business School and London Business School
Downloads 208 (271,246)
Citation 1

Abstract:

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

17.

Economic Growth through Diversity in Beliefs

Number of pages: 58 Posted: 05 Dec 2019 Last Revised: 30 Jul 2023
BI Norwegian Business School, Texas A&M University - Mays Business School - Finance Department and London Business School
Downloads 203 (277,340)

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Diverse beliefs, Disagreement, Optimism, Entrepreneurship, Externality, Endogenous Growth, Innovations, Tax distortions, and Venture capital.

18.

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 157 (347,632)
Citation 2

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

19.

State Fiscal Policy and Municipal Credit Risk Premia

Number of pages: 40 Posted: 12 Jul 2022
Lorenzo Bretscher, Howard Kung and Ashish Sahay
Swiss Finance Institute - HEC Lausanne, London Business School and London Business School
Downloads 139 (383,585)

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Fiscal Policy, Municipal Bonds, Credit Spreads

20.
Downloads 118 (434,707)
Citation 47

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
Johns Hopkins University and London Business School
Downloads 84 (553,011)
Citation 5

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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 Last Revised: 17 Feb 2023
Johns Hopkins University, London Business School and University of Alberta
Downloads 34 (851,744)
Citation 32

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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
Johns Hopkins University, London Business School and University of Alberta
Downloads 0
Citation 11
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Bayesian methods, business cycles, DSGE model, endogenous growth, technology diffusion

21.

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 79 (567,452)

Abstract:

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

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

NBER Working Paper No. w26308
Number of pages: 70 Posted: 23 Sep 2019 Last Revised: 21 May 2023
Francesco Bianchi, Howard Kung and Thilo Kind
Johns Hopkins University, London Business School and London Business School
Downloads 58 (680,936)

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

CEPR Discussion Paper No. DP14021
Number of pages: 64 Posted: 07 Oct 2019 Last Revised: 22 Sep 2021
Francesco Bianchi, Thilo Kind and Howard Kung
Johns Hopkins University, London Business School and London Business School
Downloads 1 (1,179,959)
Citation 6
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central bank independence, fed funds target, High-Frequency Identification, monetary policy, Twitter

23.
Downloads 26 (897,638)
Citation 6

The Origins and Effects of Macroeconomic Uncertainty

NBER Working Paper No. w25386
Number of pages: 56 Posted: 26 Dec 2018 Last Revised: 14 May 2023
Johns Hopkins University, London Business School and London Business School
Downloads 26 (925,049)

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The Origins and Effects of Macroeconomic Uncertainty

CEPR Discussion Paper No. DP13450
Number of pages: 58 Posted: 23 Jan 2019
Johns Hopkins University, London Business School and London Business School
Downloads 0
Citation 3
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Business Cycles, Term Structure of Interest Rates, time-varying risk premia, Uncertainty shocks