Jeremy C. Stein

Harvard University - Department of Economics

Moise Y. Safra Professor of Economics

Littauer Center

Cambridge, MA 02138

United States

http://post.economics.harvard.edu/faculty/stein/stein.html

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Harvard University - Department of Economics

    • Email
    • Tel: 617-496-6455
    • Fax: 617-496-7352
SCHOLARLY PAPERS

65

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CITATIONS
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2,580

Scholarly Papers (65)

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1.

A Macroprudential Approach to Financial Regulation

Chicago Booth Research Paper No. 10-29
Number of pages: 42 Posted: 14 Nov 2010
Samuel Gregory Hanson, Anil K. Kashyap and Jeremy C. Stein
Harvard Business School, University of Chicago, Booth School of Business and Harvard University - Department of Economics
Downloads 2,725 (4,212)
Citation 278

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2.

Agency, Information and Corporate Investment

Downloads 2,142 ( 6,286)
Citation 72

Agency, Information and Corporate Investment

Number of pages: 89 Posted: 21 Jun 2001
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 2,015 (6,850)
Citation 226

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corporate investment, financing constraints, internal capital markets

Agency, Information and Corporate Investment

NBER Working Paper No. w8342
Number of pages: 90 Posted: 25 Jun 2001 Last Revised: 24 Jul 2001
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 127 (221,191)
Citation 1

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3.

Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices

Downloads 1,991 ( 7,133)
Citation 64

Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices

Number of pages: 47 Posted: 03 Jan 2000
Joseph Chen, Harrison G. Hong and Jeremy C. Stein
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 1,807 (8,264)
Citation 6

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Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices

NBER Working Paper No. w7687
Number of pages: 49 Posted: 16 May 2000 Last Revised: 17 Oct 2010
Joseph Chen, Harrison G. Hong and Jeremy C. Stein
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 184 (161,694)
Citation 203

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4.

Reforming Money Market Funds

Tuck School of Business Working Paper No. 2011-86, Rock Center for Corporate Governance at Stanford University Working Paper No. 109, Columbia Business School Research Paper No. 12-13
Number of pages: 10 Posted: 19 Jan 2011 Last Revised: 20 Feb 2012
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin, Jeremy C. Stein and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS), Harvard University - Department of Economics and Ohio State University (OSU) - Department of Finance
Downloads 1,703 (9,287)
Citation 3

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5.

Market Liquidity as a Sentiment Indicator

Downloads 1,593 ( 10,339)
Citation 48

Market Liquidity as a Sentiment Indicator

Number of pages: 48 Posted: 02 Jul 2008 Last Revised: 13 Jan 2009
Malcolm P. Baker and Jeremy C. Stein
Harvard Business School and Harvard University - Department of Economics
Downloads 1,487 (11,334)
Citation 37

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Market Liquidity as a Sentiment Indicator

NBER Working Paper No. w8816
Number of pages: 48 Posted: 28 Feb 2002 Last Revised: 26 Oct 2010
Malcolm P. Baker and Jeremy C. Stein
Harvard Business School and Harvard University - Department of Economics
Downloads 106 (252,858)
Citation 142

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Market Liquidity as a Sentiment Indicator

Journal of Financial Markets, Vol. 7, No. 3, pp. 271-299, June 2004
Posted: 13 Oct 2004 Last Revised: 12 Aug 2008
Malcolm P. Baker and Jeremy C. Stein
Harvard Business School and Harvard University - Department of Economics

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Liquidity, Investor Sentiment, Market Timing, Corporate Finance, Behavioral Finance

6.

When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

Downloads 1,333 ( 13,774)
Citation 82

When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

Number of pages: 48 Posted: 04 Jan 2002 Last Revised: 13 Jan 2009
Malcolm P. Baker, Jeffrey Wurgler and Jeremy C. Stein
Harvard Business School, NYU Stern School of Business and Harvard University - Department of Economics
Downloads 1,135 (17,282)
Citation 8

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Investment, Behavioral Finance

When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

NYU Working Paper No. FIN-01-031
Number of pages: 39 Posted: 03 Nov 2008
Malcolm P. Baker, Jeremy C. Stein and Jeffrey Wurgler
Harvard Business School, Harvard University - Department of Economics and NYU Stern School of Business
Downloads 133 (213,221)

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When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

NBER Working Paper No. w8750
Number of pages: 44 Posted: 02 Feb 2002 Last Revised: 25 Nov 2002
Malcolm P. Baker, Jeffrey Wurgler and Jeremy C. Stein
Harvard Business School, NYU Stern School of Business and Harvard University - Department of Economics
Downloads 65 (342,280)
Citation 289

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When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms

Quarterly Journal of Economics, Vol. 118, No. 3, pp. 969-1006, August 2003
Posted: 29 May 2003 Last Revised: 13 Aug 2008
Malcolm P. Baker, Jeffrey Wurgler and Jeremy C. Stein
Harvard Business School, NYU Stern School of Business and Harvard University - Department of Economics

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7.

Breadth of Ownership and Stock Returns

Downloads 1,089 ( 18,759)
Citation 96

Breadth of Ownership and Stock Returns

AFA 2002 Atlanta Meetings
Number of pages: 48 Posted: 03 Jan 2001
Joseph Chen, Harrison G. Hong and Jeremy C. Stein
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 972 (21,805)
Citation 307

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Breadth of Ownership and Stock Returns

NBER Working Paper No. w8151
Number of pages: 49 Posted: 08 Mar 2001 Last Revised: 16 Sep 2001
Joseph Chen, Harrison G. Hong and Jeremy C. Stein
University of California, Davis - Graduate School of Management, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 117 (235,479)

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8.

A Comparables Approach to Measuring Cashflow-at-Risk for Non-Financial Firms

National Economic Research Associates Working Paper No. 39
Number of pages: 27 Posted: 23 Sep 2000
Stephen E. Usher, Daniel LaGattuta, Jeff Youngen and Jeremy C. Stein
NERA Economic Consulting, Marsh & McLennan Companies - New York Office, NERA Economic Consulting and Harvard University - Department of Economics
Downloads 1,038 (20,096)
Citation 14

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9.

Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks

Downloads 963 ( 22,491)
Citation 150

Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks

Harvard Institute Research Working Paper No. 1976; Kellogg School of Management Working Paper No. 288
Number of pages: 51 Posted: 26 Dec 2001
Allen N. Berger, Nathan Miller, Mitchell A. Petersen, Raghuram G. Rajan and Jeremy C. Stein
University of South Carolina - Darla Moore School of Business, Georgetown University - Robert Emmett McDonough School of Business, Northwestern University - Kellogg School of Management, University of Chicago - Booth School of Business and Harvard University - Department of Economics
Downloads 894 (24,703)
Citation 2

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Functional form, organizational structure, distance, banking, soft information, hard information

Does Function Follow Organizational Form? Evidence from the Lending Practices of Large and Small Banks

NBER Working Paper No. w8752
Number of pages: 51 Posted: 02 Feb 2002 Last Revised: 22 May 2002
Allen N. Berger, Nathan Miller, Mitchell A. Petersen, Raghuram G. Rajan and Jeremy C. Stein
University of South Carolina - Darla Moore School of Business, Georgetown University - Robert Emmett McDonough School of Business, Northwestern University - Kellogg School of Management, University of Chicago - Booth School of Business and Harvard University - Department of Economics
Downloads 69 (331,297)
Citation 477

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10.

Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking

Downloads 904 ( 24,709)
Citation 27

Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking

Number of pages: 52 Posted: 13 Apr 1999
Anil K. Kashyap, Raghuram G. Rajan and Jeremy C. Stein
University of Chicago, Booth School of Business, University of Chicago - Booth School of Business and Harvard University - Department of Economics
Downloads 811 (28,323)
Citation 77

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Banks as Liquidity Providers: an Explanation for the Co-Existence of Lending and Deposit-Taking

NBER Working Paper No. w6962
Number of pages: 54 Posted: 23 Mar 1999 Last Revised: 12 Oct 2010
Anil K. Kashyap, Raghuram G. Rajan and Jeremy C. Stein
University of Chicago, Booth School of Business, University of Chicago - Booth School of Business and Harvard University - Department of Economics
Downloads 93 (276,436)

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11.

Dollar Funding and the Lending Behavior of Global Banks

Downloads 869 ( 26,113)
Citation 19

Dollar Funding and the Lending Behavior of Global Banks

Quarterly Journal of Economics, 130 (3), 1241-1281, 2015
Number of pages: 46 Posted: 06 Nov 2012 Last Revised: 15 Feb 2018
Victoria Ivashina, David S. Scharfstein and Jeremy C. Stein
Harvard University, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 692 (35,219)
Citation 1

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Banks, Global Banks, Credit Supply, Dollar Funding

Dollar Funding and the Lending Behavior of Global Banks

Quarterly Journal of Economics, Forthcoming
Number of pages: 51 Posted: 06 Jan 2013 Last Revised: 11 Mar 2015
Victoria Ivashina, David S. Scharfstein and Jeremy C. Stein
Harvard University, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 171 (172,735)

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Covered Interest Parity; Dollar Funding; Credit Supply; Global Banks

Dollar Funding and the Lending Behavior of Global Banks

NBER Working Paper No. w18528
Number of pages: 47 Posted: 11 Nov 2012
Victoria Ivashina, David S. Scharfstein and Jeremy C. Stein
Harvard University, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 6 (625,300)
Citation 55

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12.

Social Interaction and Stock Market Participation

Downloads 723 ( 33,655)
Citation 95

Social Interaction and Stock Market Participation

Stanford Business School Working Paper
Number of pages: 47 Posted: 21 Jun 2001
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 661 (37,433)
Citation 307

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Stock market participation, social interaction, peer effects, word of mouth learning, consumption externalities

Social Interaction and Stock-Market Participation

NBER Working Paper No. W8358
Number of pages: 48 Posted: 28 Jun 2001
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 62 (350,818)

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13.

Differences of Opinion, Rational Arbitrage and Market Crashes

Downloads 677 ( 36,839)
Citation 2

Differences of Opinion, Rational Arbitrage and Market Crashes

Number of pages: 45 Posted: 12 Oct 1999
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 608 (41,874)
Citation 1

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Differences of Opinion, Rational Arbitrage and Market Crashes

NBER Working Paper No. w7376
Number of pages: 50 Posted: 14 Jul 2000 Last Revised: 14 Oct 2010
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 69 (331,297)
Citation 2

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14.

Aggregate Short Interest and Market Valuations

Downloads 651 ( 38,716)
Citation 48

Aggregate Short Interest and Market Valuations

Harvard Institute of Economic Research Discussion Paper No. 2027
Number of pages: 12 Posted: 30 Jul 2004
Owen A. Lamont and Jeremy C. Stein
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 584 (44,228)
Citation 47

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Aggregate Short Interest and Market Valuations

NBER Working Paper No. w10218
Number of pages: 12 Posted: 20 Jan 2004
Owen A. Lamont and Jeremy C. Stein
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 67 (336,745)
Citation 7

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15.

Information Production and Capital Allocation: Decentralized vs. Hierarchical Firms

Downloads 635 ( 40,075)
Citation 193

Information Production and Capital Allocation: Decentralized vs. Hierarchical Firms

Number of pages: 48 Posted: 23 Jun 2000
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 552 (47,585)
Citation 3

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Information Production and Capital Allocation: Decentralized vs. Hierarchical Firms

NBER Working Paper No. w7705
Number of pages: 49 Posted: 12 Jun 2000 Last Revised: 17 Oct 2010
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 83 (297,160)
Citation 606

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16.

Leverage and House-Price Dynamics in U.S. Cities

Downloads 601 ( 43,159)
Citation 17

Leverage and House-Price Dynamics in U.S. Cities

Number of pages: 32 Posted: 09 Feb 1999
Owen A. Lamont and Jeremy C. Stein
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 571 (45,540)
Citation 66

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Leverage and House-Price Dynamics in U.S. Cities

NBER Working Paper No. w5961
Number of pages: 40 Posted: 26 Jul 2000
Owen A. Lamont and Jeremy C. Stein
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 30 (473,081)

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Leverage and House-Price Dynamics in U.S. Cities

Rand Journal of Economics, Vol. 30, Issue 3
Posted: 17 Jun 1999
Owen A. Lamont and Jeremy C. Stein
Harvard University - Department of Economics and Harvard University - Department of Economics

Abstract:

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17.

Simple Forecasts and Paradigm Shifts

Downloads 529 ( 50,847)
Citation 18

Simple Forecasts and Paradigm Shifts

Harvard Institute of Economic Research Discussion Paper No. 2007; AFA 2005 Philadelphia Meetings
Number of pages: 49 Posted: 13 Feb 2005
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 501 (53,837)

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Simple Forecasts and Paradigm Shifts

NBER Working Paper No. w10013
Number of pages: 52 Posted: 05 Oct 2003 Last Revised: 18 Sep 2009
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 28 (483,661)
Citation 36

Abstract:

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18.

Thy Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trades of Money Managers

Harvard Institute of Economic Research Discussion Paper No. 2006
Number of pages: 47 Posted: 02 Jun 2003
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 521 (51,818)
Citation 205

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19.

Investor Sentiment and Corporate Finance: Micro and Macro

Downloads 489 ( 56,146)
Citation 8

Investor Sentiment and Corporate Finance: Micro and Macro

National Bureau of Economic Research (NBER)
Number of pages: 12 Posted: 07 Dec 2005
Owen A. Lamont and Jeremy C. Stein
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 433 (64,592)

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Investor sentiment, equity issues, mergers

Investor Sentiment and Corporate Finance: Micro and Macro

NBER Working Paper No. w11882
Number of pages: 14 Posted: 04 Apr 2006
Owen A. Lamont and Jeremy C. Stein
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 56 (369,413)
Citation 29

Abstract:

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20.

Why are Most Funds Open-End? Competition and the Limits of Arbitrage

Downloads 448 ( 62,615)
Citation 15

Why are Most Funds Open-End? Competition and the Limits of Arbitrage

Number of pages: 43 Posted: 02 Feb 2004
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 364 (79,422)

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Money management, arbitrage, market efficiency

Why are Most Funds Open-End? Competition and the Limits of Arbitrage

NBER Working Paper No. w10259
Number of pages: 44 Posted: 31 Jan 2004 Last Revised: 15 Jul 2010
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 84 (295,016)
Citation 71

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21.

A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets

NBER Working Paper No. w6324
Number of pages: 59 Posted: 09 Jul 2000 Last Revised: 04 Apr 2008
Harrison G. Hong and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 400 (71,755)
Citation 282

Abstract:

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22.

Corporate Financing Decisions When Investors Take the Path of Least Resistance

Downloads 392 ( 73,466)
Citation 16

Corporate Financing Decisions When Investors Take the Path of Least Resistance

Number of pages: 55 Posted: 13 Dec 2004 Last Revised: 12 Aug 2008
Malcolm P. Baker, Joshua D. Coval and Jeremy C. Stein
Harvard Business School, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 347 (84,044)

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Inertia, mergers, equity issuance

Corporate Financing Decisions When Investors Take the Path of Least Resistance

NBER Working Paper No. w10998
Number of pages: 51 Posted: 19 Jan 2005 Last Revised: 22 Jul 2010
Malcolm P. Baker, Joshua D. Coval and Jeremy C. Stein
Harvard Business School, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 45 (407,793)
Citation 40

Abstract:

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Corporate Financing Decisions When Investors Take the Path of Least Resistance

Journal of Financial Economics (JFE), Vol. 84, No. 2, pp. 266-298, May 2007
Posted: 25 Jun 2008 Last Revised: 12 Jan 2009
Joshua D. Coval, Jeremy C. Stein and Malcolm P. Baker
Harvard Business School - Finance Unit, Harvard University - Department of Economics and Harvard Business School

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mergers, inertia, equity issuance

23.

Academic Freedom, Private-Sector Focus, and the Process of Innovation

Downloads 384 ( 75,279)
Citation 21

Academic Freedom, Private-Sector Focus, and the Process of Innovation

Harvard Institute of Economic Research Discussion Paper No. 2089
Number of pages: 44 Posted: 08 Aug 2005
Philippe Aghion, Mathias Dewatripont and Jeremy C. Stein
College de France and London School of Economics and Political Science, Fellow, Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES) and Harvard University - Department of Economics
Downloads 348 (83,756)

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Academic Freedom, Private-Sector Focus, and the Process of Innovation

NBER Working Paper No. w11542
Number of pages: 44 Posted: 20 Sep 2005 Last Revised: 30 Oct 2014
Philippe Aghion, Mathias Dewatripont and Jeremy C. Stein
College de France and London School of Economics and Political Science, Fellow, Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES) and Harvard University - Department of Economics
Downloads 36 (444,679)
Citation 85

Abstract:

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24.

Risk Management: Coordinating Corporate Investment and Financing Policies

NBER Working Paper No. w4084
Number of pages: 33 Posted: 29 Jan 2001 Last Revised: 31 Aug 2010
Kenneth Froot, David S. Scharfstein and Jeremy C. Stein
National Bureau of Economic Research (NBER), Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 377 (76,855)
Citation 231

Abstract:

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25.

Convertible Bonds as "Back Door" Equity Financing

NBER Working Paper No. w4028
Number of pages: 32 Posted: 27 Apr 2000 Last Revised: 16 Jul 2010
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 369 (78,837)
Citation 48

Abstract:

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26.

A Comparative-Advantage Approach to Government Debt Maturity

Harvard Business School Finance Working Paper No. 1680604
Number of pages: 53 Posted: 22 Sep 2010 Last Revised: 04 Jan 2011
Robin M. Greenwood, Samuel Gregory Hanson and Jeremy C. Stein
Harvard Business School - Finance Unit, Harvard Business School and Harvard University - Department of Economics
Downloads 343 (85,799)
Citation 89

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Government Debt Maturity, Corporate Debt Maturity, Fire sales, Money creation

27.

Growth vs. Margins: Destabilizing Consequences of Giving the Stock Market What it Wants

Downloads 294 (101,660)
Citation 9

Growth vs. Margins: Destabilizing Consequences of Giving the Stock Market What it Wants

Number of pages: 34 Posted: 13 Dec 2004
Philippe Aghion and Jeremy C. Stein
College de France and London School of Economics and Political Science, Fellow and Harvard University - Department of Economics
Downloads 242 (124,079)
Citation 1

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Stock market, catering, volatility

Growth vs. Margins: Destabilizing Consequences of Giving the Stock Market What it Wants

NBER Working Paper No. w10999
Number of pages: 35 Posted: 19 Jan 2005 Last Revised: 23 Jul 2010
Philippe Aghion and Jeremy C. Stein
College de France and London School of Economics and Political Science, Fellow and Harvard University - Department of Economics
Downloads 52 (382,729)
Citation 30

Abstract:

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28.

The Evolution of Buyout Pricing and Financial Structure

NBER Working Paper No. w3695
Number of pages: 51 Posted: 09 Jul 2004 Last Revised: 11 Aug 2010
Steven N. Kaplan and Jeremy C. Stein
University of Chicago - Booth School of Business and Harvard University - Department of Economics
Downloads 268 (112,214)
Citation 95

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29.

The Only Game in Town: Stock-Price Consequences of Local Bias

Downloads 265 (113,534)
Citation 17

The Only Game in Town: Stock-Price Consequences of Local Bias

Harvard Institute of Economic Research Discussion Paper No. 2077
Number of pages: 51 Posted: 19 Jul 2005
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 232 (129,529)

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The Only Game in Town: Stock-Price Consequences of Local Bias

NBER Working Paper No. w11488
Number of pages: 51 Posted: 23 Aug 2005 Last Revised: 23 Jul 2009
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 33 (458,106)
Citation 61

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30.

Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies

NBER Working Paper No. w6553
Number of pages: 59 Posted: 13 Jul 2000 Last Revised: 10 Apr 2008
Harrison G. Hong, Terence Lim and Jeremy C. Stein
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard University - Department of Economics
Downloads 262 (114,871)
Citation 590

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31.

The Optimal Conduct of Monetary Policy with Interest on Reserves

Chicago Booth Research Paper No. 11-20, Fama-Miller Working Paper
Number of pages: 31 Posted: 30 Jun 2011 Last Revised: 04 Apr 2013
Anil K. Kashyap and Jeremy C. Stein
University of Chicago, Booth School of Business and Harvard University - Department of Economics
Downloads 256 (117,669)
Citation 30

Abstract:

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32.

Reforming LIBOR and Other Financial-Market Benchmarks

Stanford University Graduate School of Business Research Paper No. 14-41
Number of pages: 36 Posted: 09 Oct 2014
Darrell Duffie and Jeremy C. Stein
Stanford University - Graduate School of Business and Harvard University - Department of Economics
Downloads 254 (118,672)
Citation 22

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Benchmarks, LIBOR, manipulation, reference rate reform

33.

The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies

Downloads 226 (133,406)
Citation 8

The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies

FEDS Working Paper No. 2014-102
Number of pages: 27 Posted: 10 Dec 2014
Mark A. Carlson, Burcu Duygan-Bump, Fabio M. Natalucci, William R. Nelson, Marcelo Ochoa, Jeremy C. Stein and Skander Van den Heuvel
Board of Governors of the Federal Reserve System, Federal Reserve Board, U.S. Federal Reserve Board - Division of Monetary Affairs, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Federal Reserve Board
Downloads 154 (189,053)
Citation 17

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Financial stability, safe assets, money-like instruments, central bank policies

The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies

FEDS Working Paper No. 2014-102
Number of pages: 27 Posted: 31 May 2017
Mark A. Carlson, Burcu Duygan-Bump, Fabio M. Natalucci, William R. Nelson, Marcelo Ochoa, Jeremy C. Stein and Skander Van den Heuvel
Board of Governors of the Federal Reserve System, Federal Reserve Board, U.S. Federal Reserve Board - Division of Monetary Affairs, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Federal Reserve Board
Downloads 72 (323,490)
Citation 8

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Financial stability, safe assets, money-like instruments, central bank policies

34.

Credit-Market Sentiment and the Business Cycle

Downloads 194 (154,149)
Citation 8

Credit-Market Sentiment and the Business Cycle

FEDS Working Paper No. 2015-028r1, http://dx.doi.org/10.17016/FEDS.2015.028r1
Number of pages: 57 Posted: 24 May 2015
David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Federal Reserve Board - Division of Monetary Affairs
Downloads 119 (232,443)

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business cycles, credit-market sentiment, financial stability

Credit-Market Sentiment and the Business Cycle

FEDS Working Paper No. 2015-28
Number of pages: 57 Posted: 11 Jan 2017
David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Federal Reserve Board - Division of Monetary Affairs
Downloads 60 (356,797)

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Business cycles, Credit-market sentiment, Financial stability

Credit-Market Sentiment and the Business Cycle

NBER Working Paper No. w21879
Number of pages: 46 Posted: 20 Jan 2016
David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Harvard University - Department of Economics and Federal Reserve Board - Division of Monetary Affairs
Downloads 15 (564,392)
Citation 24

Abstract:

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35.

Do Hedge Funds Profit from Mutual-Fund Distress?

NBER Working Paper No. w13786
Number of pages: 49 Posted: 08 Feb 2008 Last Revised: 03 Sep 2010
Joseph Chen, Samuel Gregory Hanson, Harrison G. Hong and Jeremy C. Stein
University of California, Davis - Graduate School of Management, Harvard Business School, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 165 (178,058)
Citation 1

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36.

Conversations Among Competitors

Downloads 163 (179,903)
Citation 8

Conversations Among Competitors

Number of pages: 39 Posted: 27 Aug 2007
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 130 (217,246)
Citation 1

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information transmission, social networks

Conversations Among Competitors

NBER Working Paper No. w13370
Number of pages: 40 Posted: 10 Sep 2007 Last Revised: 15 Jul 2010
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 33 (458,106)
Citation 36

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37.

Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation

NBER Working Paper No. w3250
Number of pages: 35 Posted: 15 Jun 2001 Last Revised: 31 Aug 2001
Kenneth Froot, David S. Scharfstein and Jeremy C. Stein
National Bureau of Economic Research (NBER), Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 137 (207,625)
Citation 228

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38.

Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach

Downloads 134 (211,303)

Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach

NBER Working Paper No. w5403
Number of pages: 39 Posted: 12 Jul 2000 Last Revised: 21 Mar 2008
Kenneth Froot and Jeremy C. Stein
National Bureau of Economic Research (NBER) and Harvard University - Department of Economics
Downloads 134 (211,947)
Citation 65

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Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach

WFIC 96-28
Posted: 13 Jun 1998
Kenneth Froot and Jeremy C. Stein
National Bureau of Economic Research (NBER) and Harvard University - Department of Economics

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39.

Monetary Policy and Bank Lending

NBER Working Paper No. w4317
Number of pages: 66 Posted: 19 Jun 2004
Anil K. Kashyap and Jeremy C. Stein
University of Chicago, Booth School of Business and Harvard University - Department of Economics
Downloads 132 (213,932)
Citation 95

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40.

Rational Capital Budgeting in an Irrational World

Downloads 132 (213,932)
Citation 57

Rational Capital Budgeting in an Irrational World

NBER Working Paper No. w5496
Number of pages: 46 Posted: 13 Jul 2000 Last Revised: 30 Sep 2010
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 132 (214,627)
Citation 222

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Rational Capital Budgeting in an Irrational World

J. OF BUSINESS, Vol. 69 No. 4, October 1996
Posted: 15 Jan 1997
Jeremy C. Stein
Harvard University - Department of Economics

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41.

Monetary Policy as Financial-Stability Regulation

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Citation 200

Monetary Policy as Financial-Stability Regulation

Number of pages: 51 Posted: 09 Mar 2011
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 86 (290,671)
Citation 252

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monetary policy, financial regulation

Monetary Policy as Financial-Stability Regulation

NBER Working Paper No. w16883
Number of pages: 52 Posted: 21 Mar 2011
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 42 (419,464)

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42.

Exchange Rates and Foreign Direct Investment: an Imperfect Capital Markets Approach

NBER Working Paper No. w2914
Number of pages: 36 Posted: 23 Apr 2004 Last Revised: 11 Jun 2008
Kenneth Froot and Jeremy C. Stein
National Bureau of Economic Research (NBER) and Harvard University - Department of Economics
Downloads 127 (220,379)
Citation 144

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43.

Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance

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Citation 80

Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance

NBER Working Paper No. w4015
Number of pages: 45 Posted: 03 Jul 2007 Last Revised: 08 Mar 2010
Anil K. Kashyap, David W. Wilcox and Jeremy C. Stein
University of Chicago, Booth School of Business, Federal Reserve Board - Division of Research and Statistics and Harvard University - Department of Economics
Downloads 65 (342,280)

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Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance

NBER Working Paper No. w4015
Number of pages: 45 Posted: 18 Apr 2007 Last Revised: 08 Mar 2010
Anil K. Kashyap, Jeremy C. Stein and David W. Wilcox
University of Chicago, Booth School of Business, Harvard University - Department of Economics and Federal Reserve Board - Division of Research and Statistics
Downloads 61 (353,799)
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44.

The Impact of Monetary Policy on Bank Balance Sheets

NBER Working Paper No. w4821
Number of pages: 63 Posted: 01 Sep 2000 Last Revised: 16 Sep 2010
Anil K. Kashyap and Jeremy C. Stein
University of Chicago, Booth School of Business and Harvard University - Department of Economics
Downloads 116 (235,923)
Citation 227

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45.

Internal Versus External Capital Markets

NBER Working Paper No. w4776
Number of pages: 23 Posted: 27 Jul 2010
Robert H. Gertner, David S. Scharfstein and Jeremy C. Stein
University of Chicago - Finance, Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 113 (240,324)
Citation 185

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46.

An Adverse Selection Model of Bank Asset and Liability Management with Implications for the Transmission of Monetary Policy

NBER Working Paper No. w5217
Number of pages: 41 Posted: 12 Jul 2000 Last Revised: 17 Mar 2008
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 107 (249,815)
Citation 164

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47.

Internal Capital Markets and the Competition for Corporate Resources

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Citation 429

Internal Capital Markets and the Competition for Corporate Resources

NBER Working Paper No. w5101
Number of pages: 43 Posted: 15 Sep 2000 Last Revised: 17 Mar 2008
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 106 (252,858)
Citation 429

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Internal Capital Markets and the Competition for Corporate Resources

J. OF FINANCE, Vol. 52 No. 1, March 1997
Posted: 20 Jan 1997
Jeremy C. Stein
Harvard University - Department of Economics

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48.

The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment

NBER Working Paper No. w5969
Number of pages: 40 Posted: 27 Jun 2000 Last Revised: 03 Apr 2008
David S. Scharfstein and Jeremy C. Stein
Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 102 (258,213)
Citation 140

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49.

Banks as Patient Fixed Income Investors

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Citation 16

Banks as Patient Fixed Income Investors

FEDS Working Paper No. 2014-15
Number of pages: 49 Posted: 01 Mar 2014
Samuel Gregory Hanson, Andrei Shleifer, Jeremy C. Stein and Robert W. Vishny
Harvard Business School, Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business
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Banks, shadow banks, money creation

Banks as Patient Fixed-Income Investors

NBER Working Paper No. w20288
Number of pages: 48 Posted: 24 Jul 2014
Samuel Gregory Hanson, Andrei Shleifer, Jeremy C. Stein and Robert W. Vishny
Harvard Business School, Harvard University - Department of Economics, Harvard University - Department of Economics and University of Chicago - Booth School of Business
Downloads 21 (525,915)
Citation 56

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50.

A Gap-Filling Theory of Corporate Debt Maturity Choice

NBER Working Paper No. w14087
Number of pages: 51 Posted: 22 Jun 2008 Last Revised: 30 Jun 2010
Robin M. Greenwood, Samuel Gregory Hanson and Jeremy C. Stein
Harvard Business School - Finance Unit, Harvard Business School and Harvard University - Department of Economics
Downloads 83 (294,489)
Citation 96

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51.

Prices and Trading Volume in the Housing Market: A Model with Downpayment Effects

NBER Working Paper No. w4373
Number of pages: 44 Posted: 25 Jun 2004 Last Revised: 22 Aug 2008
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 76 (310,308)
Citation 98

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52.

Monetary Policy and Long-Term Real Rates

FEDS Working Paper No. 2012-46
Number of pages: 45 Posted: 20 Dec 2012
Samuel Gregory Hanson and Jeremy C. Stein
Harvard Business School and Harvard University - Department of Economics
Downloads 72 (319,955)
Citation 120

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monetary policy, real interest rates, term premia

53.

What Do a Million Banks Have to Say About the Transmission of Monetary Policy?

NBER Working Paper No. w6056
Number of pages: 68 Posted: 10 Jun 2000 Last Revised: 05 Oct 2010
Anil K. Kashyap and Jeremy C. Stein
University of Chicago, Booth School of Business and Harvard University - Department of Economics
Downloads 64 (340,715)
Citation 526

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54.

Shareholder Trading Practices and Corporate Investment Horizons

NBER Working Paper No. w3638
Number of pages: 54 Posted: 13 Dec 2010 Last Revised: 05 Jan 2012
Kenneth Froot, André Perold and Jeremy C. Stein
National Bureau of Economic Research (NBER), Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 62 (346,207)
Citation 42

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55.

The Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trade of Money Managers

NBER Working Paper No. w9711
Number of pages: 47 Posted: 01 Jun 2003 Last Revised: 02 Nov 2010
Jeffrey D. Kubik, Harrison G. Hong and Jeremy C. Stein
Syracuse University - Department of Economics, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Harvard University - Department of Economics
Downloads 61 (349,039)
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56.

How Risky is the Debt in Highly Leveraged Transactions? Evidence from Public Recapitalizations

NBER Working Paper No. w3390
Number of pages: 40 Posted: 11 Apr 2011
Steven N. Kaplan and Jeremy C. Stein
University of Chicago - Booth School of Business and Harvard University - Department of Economics
Downloads 59 (354,813)
Citation 25

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57.

Credit Conditions and the Cyclical Behavior of Inventories: A Case Studyof the 1981-82 Recession

NBER Working Paper No. w4211
Number of pages: 46 Posted: 24 Jan 2007 Last Revised: 19 Jul 2010
Anil K. Kashyap, Owen A. Lamont and Jeremy C. Stein
University of Chicago, Booth School of Business, Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 55 (367,088)
Citation 104

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58.

The Decline of Big-Bank Lending to Small Business: Dynamic Impacts on Local Credit and Labor Markets

NBER Working Paper No. w23843
Number of pages: 59 Posted: 25 Sep 2017 Last Revised: 22 Jan 2018
Brian S. Chen, Samuel Gregory Hanson and Jeremy C. Stein
Harvard University - Department of Economics, Harvard Business School and Harvard University - Department of Economics
Downloads 36 (434,769)
Citation 3
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59.

Ldc Debt: Forgiveness, Indexation, and Investment Incentives

NBER Working Paper No. w2541
Number of pages: 27 Posted: 08 Jun 2004 Last Revised: 20 Sep 2008
Kenneth Froot, David S. Scharfstein and Jeremy C. Stein
National Bureau of Economic Research (NBER), Harvard Business School - Finance Unit and Harvard University - Department of Economics
Downloads 27 (475,803)
Citation 14

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60.

Waves of Creative Destruction: Customer Bases and the Dynamics of Innovation

NBER Working Paper No. w4782
Number of pages: 44 Posted: 25 Sep 1999 Last Revised: 24 Oct 2014
Jeremy C. Stein
Harvard University - Department of Economics
Downloads 13 (555,423)
Citation 1

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61.

Gradualism in Monetary Policy: A Time-Consistency Problem?

NBER Working Paper No. w21569
Number of pages: 44 Posted: 21 Sep 2015
Jeremy C. Stein and Aditya Sunderam
Harvard University - Department of Economics and Harvard University
Downloads 11 (567,590)
Citation 2

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62.

Banking, Trade, and the Making of a Dominant Currency

NBER Working Paper No. w24485
Number of pages: 68 Posted: 12 Apr 2018
Gita Gopinath and Jeremy C. Stein
Harvard University - Department of Economics and Harvard University - Department of Economics
Downloads 8 (586,115)
Citation 8
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63.

The Squam Lake Report: Fixing the Financial System

Journal of Applied Corporate Finance, Vol. 22, Issue 3, pp. 8-21, Summer 2010
Number of pages: 16 Posted: 04 Oct 2010
Kenneth R. French, Martin Neil Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Anil K. Kashyap, Frederic S. Mishkin, Raghuram G. Rajan, David S. Scharfstein, Robert J. Shiller, Hyun Song Shin, Matthew J. Slaughter, Jeremy C. Stein and René M. Stulz
Dartmouth College - Tuck School of Business, Institute for International Economics, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, University of Chicago - Booth School of Business, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Bank for International Settlements (BIS), Dartmouth College - Tuck School of Business, Harvard University - Department of Economics and Ohio State University (OSU) - Department of Finance
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Citation 10
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64.

Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit-Taking

Journal of Finance, Vol. 57, pp. 33-73, 2002
Posted: 15 Nov 2003
Anil K. Kashyap, Raghuram G. Rajan and Jeremy C. Stein
University of Chicago, Booth School of Business, University of Chicago - Booth School of Business and Harvard University - Department of Economics

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65.

Usx: Targeted Stock Restructuring

CASENET, SOUTH-WESTERN COLLEGE PUBLISHING
Posted: 29 Aug 1996
Jeremy C. Stein
Harvard University - Department of Economics

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