Zhengyang Jiang

Kellogg School of Management - Department of Finance

Assistant Professor

Evanston, IL 60208

United States

http://sites.google.com/site/jayzedwye/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Kellogg School of Management - Department of Finance

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

32

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298

CROSSREF CITATIONS

26

Scholarly Papers (32)

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1.

The U.S. Public Debt Valuation Puzzle

Downloads 1,944 (14,778)
Citation 6

The U.S. Public Debt Valuation Puzzle

Number of pages: 80 Posted: 04 Mar 2019 Last Revised: 26 May 2023
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 1,874 (15,351)
Citation 3

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government debt maturity, fiscal policy, term structure, interest rate risk

The U.S. Public Debt Valuation Puzzle

NBER Working Paper No. w26583
Number of pages: 69 Posted: 24 Dec 2019 Last Revised: 19 Feb 2023
Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 70 (565,652)
Citation 1

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The U.S. Public Debt Valuation Puzzle

CEPR Discussion Paper No. DP16082
Number of pages: 71 Posted: 14 May 2021
Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
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Citation 3
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2.

Currency Returns in Different Time Zones

Institute of Global Finance Working Paper No. 11, 28th Australasian Finance and Banking Conference
Number of pages: 28 Posted: 04 Jun 2015 Last Revised: 25 Jan 2019
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 1,597 (19,974)
Citation 1

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Exchange Rates; Currency Risk Premia; Long-Run Risks

3.

Fiscal Cyclicality and Currency Risk Premia

Number of pages: 53 Posted: 25 Oct 2017 Last Revised: 26 May 2021
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 1,285 (27,700)

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exchange rates, fiscal budget, currency risk premium

4.

Personality Differences and Investment Decision-Making

Downloads 1,186 (31,092)
Citation 2

Personality Differences and Investment Decision-Making

Number of pages: 59 Posted: 03 Jun 2020 Last Revised: 11 Mar 2023
Zhengyang Jiang, Cameron Peng and Hongjun Yan
Kellogg School of Management - Department of Finance, London School of Economics & Political Science (LSE) - Department of Finance and DePaul University
Downloads 1,172 (31,201)
Citation 1

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Personality, Investor Heterogeneity, Social Interaction

Personality Differences and Investment Decision-Making

NBER Working Paper No. w31041
Number of pages: 60 Posted: 20 Mar 2023 Last Revised: 26 Apr 2023
Zhengyang Jiang, Cameron Peng and Hongjun Yan
Kellogg School of Management - Department of Finance, London School of Economics & Political Science (LSE) - Department of Finance and DePaul University
Downloads 14 (972,237)
Citation 1
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5.

A Portfolio Approach to Global Imbalances

Downloads 1,061 (36,483)
Citation 5

A Portfolio Approach to Global Imbalances

NYU Stern School of Business
Number of pages: 79 Posted: 19 Jan 2021 Last Revised: 08 Jun 2023
Zhengyang Jiang, Robert Richmond and Tony Zhang
Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 1,059 (36,038)
Citation 1

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Capital flows, global imbalances, savings glut, monetary policy

A Portfolio Approach to Global Imbalances

NBER Working Paper No. w30253
Number of pages: 79 Posted: 18 Jul 2022 Last Revised: 14 Apr 2023
Zhengyang Jiang, Robert Richmond and Tony Zhang
Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 2 (1,083,049)
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6.

Dollar Safety and the Global Financial Cycle

Downloads 1,057 (36,650)
Citation 11

Dollar Safety and the Global Financial Cycle

Stanford University Graduate School of Business Research Paper No. 19-16
Number of pages: 62 Posted: 06 Feb 2019 Last Revised: 19 Aug 2023
Zhengyang Jiang, Arvind Krishnamurthy and Hanno N. Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 1,021 (37,966)
Citation 10

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Safe Asset Demand, U.S. Monetary Policy, Convenience Yields, Exchange Rates

Dollar Safety and the Global Financial Cycle

NBER Working Paper No. w27682
Number of pages: 63 Posted: 17 Aug 2020 Last Revised: 20 Feb 2022
Zhengyang Jiang, Arvind Krishnamurthy and hlustig@stanford.edu Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University
Downloads 36 (767,849)
Citation 3

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7.

Bond Convenience Yields in the Eurozone Currency Union

Columbia Business School Research Paper Forthcoming
Number of pages: 43 Posted: 30 Mar 2021 Last Revised: 09 Jun 2022
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 990 (40,228)
Citation 5

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bond pricing, fiscal policy, convenience yield, currency union

8.

Foreign Safe Asset Demand and the Dollar Exchange Rate

Downloads 741 (59,803)
Citation 88

Foreign Safe Asset Demand and the Dollar Exchange Rate

Stanford University Graduate School of Business Research Paper No. 18-16, Journal of Finance, Forthcoming
Number of pages: 98 Posted: 21 Mar 2018 Last Revised: 21 Sep 2020
Zhengyang Jiang, Arvind Krishnamurthy and Hanno N. Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 700 (63,586)
Citation 100

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Covered Interest Rate Parity, Exchange Rates, Safe Asset Demand, Convenience Yields

Foreign Safe Asset Demand and the Dollar Exchange Rate

NBER Working Paper No. w24439
Number of pages: 98 Posted: 26 Mar 2018 Last Revised: 12 Apr 2023
Zhengyang Jiang, Arvind Krishnamurthy and Hanno Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University
Downloads 41 (730,533)

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9.

What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn't Bark

Downloads 732 (60,853)
Citation 2

What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn't Bark

Journal of Finance forthcoming
Number of pages: 66 Posted: 20 Sep 2021 Last Revised: 26 Oct 2023
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 721 (61,169)

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fiscal policy, bond pricing.

What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn't Bark

NBER Working Paper No. w29351
Number of pages: 46 Posted: 11 Oct 2021 Last Revised: 16 Apr 2023
Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 11 (1,004,296)
Citation 4

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10.

US Fiscal Cycle and the Dollar

Number of pages: 74 Posted: 06 Dec 2018 Last Revised: 05 Oct 2021
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 665 (68,770)
Citation 10

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Currency Risk Premium; Dollar; US Fiscal Condition; Reserve Asset.

11.

Origins of International Factor Structures

Downloads 651 (70,996)
Citation 8

Origins of International Factor Structures

NYU Stern School of Business, Forthcoming
Number of pages: 69 Posted: 26 Jun 2019 Last Revised: 17 Oct 2022
Zhengyang Jiang and Robert Richmond
Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance
Downloads 648 (70,255)
Citation 5

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International Comovements, Exchange Rates, Trade Networks

Origins of International Factor Structures

NBER Working Paper No. w30319
Number of pages: 73 Posted: 08 Aug 2022 Last Revised: 06 May 2023
Zhengyang Jiang and Robert Richmond
Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance
Downloads 3 (1,075,159)
Citation 5
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12.

Beyond Incomplete Spanning: Convenience Yields and Exchange Rate Disconnect

Stanford University Graduate School of Business Research Paper, Forthcoming
Number of pages: 55 Posted: 25 May 2021 Last Revised: 30 Aug 2022
Zhengyang Jiang, Arvind Krishnamurthy, Hanno N. Lustig and Jialu Sun
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Stanford Graduate School of Business and Northwestern University, Kellogg School of Management
Downloads 587 (80,427)
Citation 1

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Exchange Rate Puzzles, Dollar, Convenience Yields, Incomplete Markets

13.

Exorbitant Privilege Gained and Lost: Fiscal Implications

Downloads 543 (88,857)

Exorbitant Privilege Gained and Lost: Fiscal Implications

Number of pages: 78 Posted: 05 May 2022 Last Revised: 10 Jun 2023
Zefeng Chen, Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Peking University - Guanghua School of Management, Department of Finance, Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 535 (89,447)

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bond pricing, fiscal policy, term structure, convenience yield, exorbitant privilege

Exorbitant Privilege Gained and Lost: Fiscal Implications

NBER Working Paper No. w30059
Number of pages: 56 Posted: 23 May 2022 Last Revised: 14 Apr 2023
Zefeng Chen, Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Peking University - Guanghua School of Management, Department of Finance, Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 8 (1,033,046)
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Exorbitant Privilege Gained and Lost: Fiscal Implications

CEPR Discussion Paper No. DP17340
Number of pages: 58 Posted: 23 Jun 2022
Zefeng Chen, Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Peking University - Guanghua School of Management, Department of Finance, Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
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Fiscal policy

14.

What Determines the Government’s Funding Costs when r=g? Unpleasant Fiscal Asset Pricing Arithmetic

Number of pages: 9 Posted: 29 Mar 2021 Last Revised: 21 Apr 2021
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 529 (91,621)

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MMT, Fiscal Theory of the Price Level

15.

The Rest of the World's Dollar-Weighted Return on U.S. Treasurys

Downloads 486 (101,862)

The Rest of the World's Dollar-Weighted Return on U.S. Treasurys

Number of pages: 33 Posted: 10 Jan 2022 Last Revised: 30 Sep 2023
Zhengyang Jiang, Arvind Krishnamurthy and Hanno N. Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 480 (102,148)

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U.S. Treasury, Exorbitant Privilege, Safe Asset Demand

The Rest of the World's Dollar-Weighted Return on U.S. Treasurys

NBER Working Paper No. w30089
Number of pages: 34 Posted: 30 May 2022 Last Revised: 04 Jun 2022
Zhengyang Jiang, Arvind Krishnamurthy and hlustig@stanford.edu Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University
Downloads 6 (1,051,118)
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16.

Understanding the Strength of the Dollar

Downloads 468 (106,541)

Understanding the Strength of the Dollar

Number of pages: 59 Posted: 22 Sep 2022 Last Revised: 02 Jun 2023
Zhengyang Jiang, Robert Richmond and Tony Zhang
Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 461 (107,200)

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Dollar, Exchange Rate, Capital Flows, Asset Demand System

Understanding the Strength of the Dollar

NBER Working Paper No. w30558
Number of pages: 43 Posted: 17 Oct 2022 Last Revised: 01 Jul 2023
Zhengyang Jiang, Robert Richmond and Tony Zhang
Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Board of Governors of the Federal Reserve System
Downloads 7 (1,042,341)
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17.

Measuring U.S. Fiscal Capacity using Discounted Cash Flow Analysis

Downloads 412 (123,747)

Measuring U.S. Fiscal Capacity using Discounted Cash Flow Analysis

Number of pages: 25 Posted: 06 Apr 2022
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 403 (125,519)

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fiscal capacity, deficit projections, convenience yields

Measuring U.S. Fiscal Capacity Using Discounted Cash Flow Analysis

NBER Working Paper No. w29902
Number of pages: 26 Posted: 18 Apr 2022 Last Revised: 14 Apr 2023
Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 9 (1,023,501)

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Measuring U.S. Fiscal Capacity Using Discounted Cash Flow Analysis

CEPR Discussion Paper No. DP17341
Number of pages: 28 Posted: 23 Jun 2022
Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
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fiscal capacity, Fiscal policy

18.

Foreign Safe Asset Demand for U.S. Treasurys and the Dollar

American Economic Review P&P, Forthcoming, Stanford University Graduate School of Business Research Paper No. 18-1
Number of pages: 55 Posted: 11 Dec 2017 Last Revised: 25 Mar 2018
Zhengyang Jiang, Arvind Krishnamurthy and Hanno N. Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 389 (131,785)
Citation 33

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Covered Interest Rate Parity, exchange rates, safe asset demand, convenience yields

19.

Manufacturing Risk-free Government Debt

Downloads 305 (172,027)
Citation 8

Manufacturing Risk-free Government Debt

Number of pages: 64 Posted: 08 Jul 2020 Last Revised: 26 Feb 2022
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 242 (215,892)

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fiscal policy, bond pricing

Manufacturing Risk-Free Government Debt

CESifo Working Paper No. 8902
Number of pages: 68 Posted: 03 Mar 2021
Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 52 (659,117)
Citation 1

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Manufacturing Risk-Free Government Debt

NBER Working Paper No. w27786
Number of pages: 65 Posted: 11 Sep 2020 Last Revised: 04 Jun 2023
Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 11 (1,004,296)
Citation 2

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Manufacturing Risk-Free Government Debt

CEPR Discussion Paper No. DP16304
Number of pages: 68 Posted: 14 Jul 2021
Zhengyang Jiang, hlustig@stanford.edu Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
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Citation 7
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20.

The Liquidity Premium of Digital Payment Vehicle

Downloads 298 (176,222)

The Liquidity Premium of Digital Payment Vehicle

Number of pages: 54 Posted: 16 Mar 2022 Last Revised: 24 May 2023
Zefeng Chen and Zhengyang Jiang
Peking University - Guanghua School of Management, Department of Finance and Kellogg School of Management - Department of Finance
Downloads 268 (194,931)

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Digital Payment, Liquidity Premium, Money Market Fund

The Liquidity Premium of Digital Payment Vehicle

CESifo Working Paper No. 9933
Number of pages: 48 Posted: 19 Sep 2022
Zefeng Chen and Zhengyang Jiang
Peking University - Guanghua School of Management, Department of Finance and Kellogg School of Management - Department of Finance
Downloads 30 (816,545)

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digital payment, liquidity premium, money market fund

21.

Convenience Yields and Asset Pricing Models

Number of pages: 41 Posted: 10 Mar 2022 Last Revised: 02 Jun 2023
Zhengyang Jiang and Robert Richmond
Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance
Downloads 283 (185,954)

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Bond Returns, convenience yields, sharpe ratios, Hansen-Jagannathan bound

22.

Quantifying U.S. Treasury Investor Optimism

Columbia Business School Research Paper Forthcoming
Number of pages: 29 Posted: 01 Mar 2021 Last Revised: 14 Jun 2021
Zhengyang Jiang, Hanno Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford University, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance
Downloads 266 (198,055)

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fiscal policy, debt sustainability, term structure, convenience yield

23.

Divided We Fall: International Health and Trade Coordination During a Pandemic

Downloads 186 (277,666)
Citation 2

Divided We Fall: International Health and Trade Coordination During a Pandemic

NYU Stern School of Business Research Paper Series
Number of pages: 67 Posted: 01 Dec 2020 Last Revised: 07 Jul 2022
Viral V. Acharya, Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden
New York University (NYU) - Leonard N. Stern School of Business, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim
Downloads 166 (305,343)
Citation 1

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International Trade, Tariffs, SIR model, COVID-19, Health policies, Terms of trade

Divided We Fall: International Health and Trade Coordination During a Pandemic

NBER Working Paper No. w28176
Number of pages: 56 Posted: 07 Dec 2020 Last Revised: 28 Jun 2023
Viral V. Acharya, Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden
New York University (NYU) - Leonard N. Stern School of Business, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim
Downloads 20 (909,306)
Citation 1

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24.

Market Incompleteness and Exchange Rate Spill-over

Downloads 183 (280,368)

Market Incompleteness and Exchange Rate Spill-over

Number of pages: 53 Posted: 08 Jun 2021 Last Revised: 24 Jul 2023
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 177 (288,771)

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Incomplete Markets, Exchange Rate Disconnect, Common Currency Factors

Market Incompleteness and Exchange Rate Spill-Over

NBER Working Paper No. w30856
Number of pages: 46 Posted: 23 Jan 2023 Last Revised: 13 Apr 2023
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 6 (1,051,118)
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25.

Implications of Asset Market Data for Equilibrium Models of Exchange Rates

Downloads 62 (1,039,213)

Implications of Asset Market Data for Equilibrium Models of Exchange Rates

Number of pages: 35 Posted: 29 Nov 2023
Zhengyang Jiang, Arvind Krishnamurthy and Hanno N. Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 60 (619,450)

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Exchange Rate Cyclicality, Exchange Rate Predictability, Incomplete Markets, International Risk-Sharing

Implications of Asset Market Data for Equilibrium Models of Exchange Rates

NBER Working Paper No. w31851
Number of pages: 36 Posted: 13 Nov 2023
Zhengyang Jiang, Arvind Krishnamurthy and hlustig@stanford.edu Lustig
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business and Stanford University
Downloads 2 (1,082,280)
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Slow-Moving Capital, Bond Valuation, Quantitative Tightening

27.

Exorbitant Privilege: A Safe-Asset View

Number of pages: 38 Posted: 09 Nov 2023 Last Revised: 27 Nov 2023
Zhengyang Jiang
Kellogg School of Management - Department of Finance
Downloads 42 (712,169)

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International Monetary System, Exorbitant Privilege, Reserve Assets

28.

Divided We Fall: International Health and Trade Coordination During a Pandemic

Number of pages: 67 Posted: 03 Aug 2022
Viral V. Acharya, Zhengyang Jiang, Robert Richmond and Ernst-Ludwig von Thadden
New York University (NYU) - New York University, Kellogg School of Management - Department of Finance, New York University (NYU) - Department of Finance and Universitaet Mannheim
Downloads 15 (928,522)

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International trade, Terms of trade, SIR Model, COVID-19, Containment Policies, International Coordination, Nash Equilibrium

29.

Reserve Asset Competition and the Global Fiscal Cycle

Number of pages: 36
Zhengyang Jiang and Robert Richmond
Kellogg School of Management - Department of Finance and New York University (NYU) - Department of Finance
Downloads 15

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Government Debt, Reserve Assets, Exorbitant Privilege

30.

The Reserve Supply Channel of Unconventional Monetary Policy

NBER Working Paper No. w31693
Number of pages: 65 Posted: 18 Sep 2023
William Diamond, Zhengyang Jiang and Yiming Ma
University of Pennsylvania - Finance Department, Kellogg School of Management - Department of Finance and Columbia University - Columbia Business School
Downloads 6 (32,041)
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31.

Fiscal Capacity: An Asset Pricing Perspective

Annual Review of Financial Economics, Vol. 15, pp. 197-219, 2023
Posted: 07 Nov 2023
Zhengyang Jiang, Hanno N. Lustig, Stijn Van Nieuwerburgh and Mindy Z. Xiaolan
Kellogg School of Management - Department of Finance, Stanford Graduate School of Business, Columbia University Graduate School of Business and University of Texas, Austin - Department of Finance

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32.

The Reserve Supply Channel of Unconventional Monetary Policy

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 71 Posted: 25 Sep 2020
William Diamond, Zhengyang Jiang and Yiming Ma
University of Pennsylvania - Finance Department, Kellogg School of Management - Department of Finance and Columbia University - Columbia Business School
Downloads 1,157

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Financial Intermediation, Quantitative Easing, Deposit Competition, Balance Sheet Cost, Structural Estimation