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Hamilton Galindo Gil

Cleveland State University

Assistant Professor of Finance

Cleveland, OH 44115

United States

http://https://academic.csuohio.edu/galindogil-hamilton/

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 31,912

SSRN RANKINGS

Top 31,912

in Total Papers Downloads

4,003

TOTAL CITATIONS

5

Ideas:
“  My research focuses on heterogeneous-agent models in finance.  ”

Scholarly Papers (23)

1.
Downloads 533 (134,651)

AI and Asset Prices

Number of pages: 73 Posted: 02 Jun 2025 Last Revised: 05 Mar 2026
Hamilton Galindo Gil and Marius Mihai
Cleveland State University and John Carroll University - Boler School of Business
Downloads 195 (405,901)

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JEL Classification: G11, G12, O30, O33 Heterogeneous agents, risk aversion, asset pricing, artificial intelligence, ChatGPT

Asset Pricing Impacts of AI in a Model with Heterogeneous Risk Aversion

Number of pages: 60 Posted: 17 Jul 2024 Last Revised: 31 May 2025
Hamilton Galindo Gil
Cleveland State University
Downloads 103 (689,735)

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risk aversion, asset pricing, artificial intelligence, ChatGPT, preference heterogeneity

Asset Pricing Impacts of Ai in a Model with Heterogeneous Risk Aversion

Number of pages: 49 Posted: 13 Jun 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 69 (903,821)

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heterogeneous agents, risk aversion, Asset pricing, artificial intelligence, ChatGPT

Asset Pricing Impacts of Ai in a Model with Heterogeneous Risk Aversion

Number of pages: 49 Posted: 26 Jul 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 59 (996,491)

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Heterogeneous agents, risk aversion, Asset pricing, artificial intelligence, ChatGPT

Asset Pricing Impacts of Ai in a Model with Heterogeneous Risk Aversion

Number of pages: 51 Posted: 01 Nov 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 57 (1,017,159)

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Heterogeneous agents, Risk Aversion, Asset pricing, Artificial Intelligence, ChatGPT

Asset Pricing Impacts of Ai in a Model with Heterogeneous Risk Aversion

Number of pages: 51 Posted: 07 Oct 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 50 (1,095,444)

Abstract:

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Heterogeneous agents, risk aversion, asset pricing, Artificial Intelligence, ChatGPT

2.

DSGE Model with Government-Owned Banks

Number of pages: 28 Posted: 27 Feb 2023
Hamilton Galindo Gil and Alexis Montecinos Bravo
Cleveland State University and Suffolk University
Downloads 449 (159,949)

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government-owned banks, general equilibrium, capitalization, inefficiency

Heterogeneous-Agent Models in Asset Pricing: The Dynamic Programming Approach and Finite Difference Method

The B.E. Journal of Theoretical Economics, 0[10.1515/bejte-2024-0065]
Number of pages: 56 Posted: 31 Aug 2023 Last Revised: 21 Apr 2025
Hamilton Galindo Gil
Cleveland State University
Downloads 258 (296,484)

Abstract:

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heterogeneous agents, preferences, asset pricing, dynamic programming, finite difference, continuous time

Heterogeneous Agents Models in Asset Pricing: The Dynamic Programming Approach and the Finite Difference Method

Number of pages: 57 Posted: 14 Mar 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 87 (785,882)

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heterogeneous agents, preferences, asset pricing, dynamic programming, finite difference, continuous time

Huggett Meets Epstein-Zin in Continuous Time

Number of pages: 40 Posted: 26 Apr 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 203 (378,631)

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Heterogeneous Agents, recursive preferences, incomplete markets, finite difference, labor income risk

Huggett Meets Epstein-Zin in Continuous Time

Number of pages: 43 Posted: 24 Jun 2025
Hamilton Galindo Gil, Yucheng Zhou and Ji Huang
Cleveland State University, University of Illinois at Urbana-Champaign - Gies College of Business and The Chinese University of Hong Kong (CUHK) - Department of Economics
Downloads 92 (743,299)

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heterogeneous agents, recursive preferences, incomplete markets, finite difference, labor income risk. JEL: C63, E21, E43k

How to Build and Solve Continuous-time Heterogeneous Agents Models in Asset Pricing? The Martingale Approach and The Finite Difference Method

Journal of Mathematical Economics, 2024[10.1016/j.jmateco.2024.103078]
Number of pages: 50 Posted: 31 Aug 2023 Last Revised: 25 Dec 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 195 (395,764)
Citation 3

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heterogeneous agents, preferences, asset pricing, martingale, finite difference, continuous time

How to Build and Solve Continuous-Time Heterogeneous Agents Models in Asset Pricing? The Martingale Approach and the Finite Difference Method

Number of pages: 50 Posted: 04 Mar 2024 Last Revised: 24 Jan 2025
Hamilton Galindo Gil
Cleveland State University
Downloads 96 (726,646)

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heterogeneous agents, preferences, asset pricing, martingale, finite difference, continuous time

Is the Working Capital Channel of the Monetary Policy Quantitatively Relevant? A Structural Estimation Approach

Macroeconomic Dynamics, 0[10.1017/S1365100524000233]
Number of pages: 33 Posted: 30 Mar 2021 Last Revised: 06 Dec 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 196 (386,147)

Abstract:

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Working capital channel, monetary policy, structural estimation

Is the Working Capital Channel of the Monetary Policy Quantitatively Relevant? A Structural Estimation Approach

Number of pages: 35 Posted: 03 Apr 2023 Last Revised: 06 Dec 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 54 (1,049,673)

Abstract:

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financing policy, corporate borrowing, working capital, structural estimation, monetary policy

7.

An Etf-Based Measure of Stock Price Fragility

Number of pages: 58 Posted: 02 Feb 2024
Hamilton Galindo Gil and Renato Lazo-Paz
Cleveland State University and affiliation not provided to SSRN
Downloads 210 (371,583)

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Non-fundamental demand risk, Fragility, Mutual funds, ETFs, volatility

8.

What Kind of Firm is More Responsive to the Unconventional Monetary Policy? A Theoretical Approach

The Quarterly Review of Economics and Finance, volume 81, 2021[10.1016/j.qref.2021.06.006]
Number of pages: 31 Posted: 08 Nov 2020 Last Revised: 06 Dec 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 180 (420,133)

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Unconventional Monetary Policy, COVID-19, Investment, Heterogeneity

9.
Downloads 168 (449,518)

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requerimiento de capital bancario, agentes no ricardianos, ciclos económicos, equilibrio general

A Heterogeneous-Agent Model for the Latin American Financial Market

Number of pages: 41 Posted: 24 Apr 2024
Hamilton Galindo Gil and Carlos Antonio Aguirre Gamarra
Cleveland State University and Escuela de Administracion de Negocios para Graduados (ESAN University)
Downloads 89 (767,205)

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heterogeneous agents, preferences, Latin America, equity premium, stock volatility

A Heterogeneous-Agent Model for the Latin American Financial Market

Number of pages: 49 Posted: 24 Mar 2025
Hamilton Galindo Gil and Carlos Antonio Aguirre Gamarra
Cleveland State University and Escuela de Administracion de Negocios para Graduados (ESAN University)
Downloads 48 (1,119,531)

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heterogeneous agents, informality, preferences, Latin America, equity premium, stock volatility

A Heterogeneous-Agent Model for the Latin American Financial Market

Number of pages: 55 Posted: 17 Feb 2026
Hamilton Galindo Gil and Carlos Antonio Aguirre Gamarra
Cleveland State University and Escuela de Administracion de Negocios para Graduados (ESAN University)
Downloads 28 (1,500,232)

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heterogeneous agents, Informality, preferences, Latin America, Equity premium, limited asset market participation

11.

Leverage and Capital Utilization

Number of pages: 30 Posted: 19 Dec 2018 Last Revised: 27 Aug 2019
Diogo Duarte, Hamilton Galindo Gil and Alexis Montecinos
Florida International University, Cleveland State University and Sawyer Business School - Suffolk University
Downloads 161 (472,207)
Citation 1

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Leverage, Capital utilization, Short-term debt, DSGE model, Enforcement constraint, Endogenous depreciation

Informality and Wealth Distribution: A Heterogeneous Agent Model

Number of pages: 40 Posted: 06 Mar 2024
Hamilton Galindo Gil, Alan Ledesma, Luis Yepez Salazar and Cesar Salinas
Cleveland State University, Central Reserve Bank of Peru, Central Reserve Bank of Peru and Indiana University Bloomington
Downloads 115 (620,578)

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Informal employment, shadow economy, heterogeneous agents, wealth inequality

Informality and Wealth Distribution: A Heterogeneous Agent Model

Number of pages: 45 Posted: 01 Nov 2024
Hamilton Galindo Gil, Alan Ledesma, Luis Yepez Salazar and Cesar Salinas
Cleveland State University, Central Reserve Bank of Peru, Central Reserve Bank of Peru and affiliation not provided to SSRN
Downloads 30 (1,400,723)
Citation 1

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Informal Employment, shadow economy, Heterogeneous agents, wealth inequality

Preferences Heterogeneity in Asset Pricing Models: Inspecting the Mechanism

Number of pages: 68 Posted: 18 Oct 2023 Last Revised: 19 Oct 2023
Hamilton Galindo Gil
Cleveland State University
Downloads 93 (749,143)

Abstract:

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heterogeneous agents, preferences, asset pricing, dynamic programming, finite difference, continuous time

Preferences Heterogeneity in Asset Pricing Models: Inspecting the Mechanism

Number of pages: 49 Posted: 06 Aug 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 33 (1,371,100)

Abstract:

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heterogeneous agents, Risk aversion, Asset pricing, finite difference.

Risk Aversion Heterogeneity and the Equity Term Structure

Number of pages: 50 Posted: 16 May 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 46 (1,131,842)

Abstract:

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Heterogeneous Agents, preferences, equity term structure, equity yields

Risk Aversion Heterogeneity and the Equity Term Structure

Number of pages: 57 Posted: 07 Aug 2024
Hamilton Galindo Gil
Cleveland State University
Downloads 32 (1,371,100)

Abstract:

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heterogeneous agents, preferences, equity term structure, equity yields

Risk Aversion Heterogeneity and the Equity Term Structure

Number of pages: 57 Posted: 05 Feb 2025 Last Revised: 09 Apr 2026
Hamilton Galindo Gil
Cleveland State University
Downloads 22 (1,473,203)

Abstract:

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heterogeneous agents, preferences, equity term structure, equity yields

15.

Dollarization hysteresis, inflation jumps, and fear of inflation

Journal of Economic Dynamics and Control, volume 180, 2025 [10.1016/j.jedc.2025.105194]
Number of pages: 49 Posted: 28 May 2025 Last Revised: 09 Apr 2026
Hamilton Galindo Gil and Liu Mendoza Perez
Cleveland State University and Tecnologico de Monterrey
Downloads 99 (694,528)

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hyperinflation and inflation stabilization, deposit dollarization, optimal portfolio, rare disasters, beliefs

16.

Does Heterogeneity in Risk Aversion Imply a Downward-Sloping Equity Term Structure?

Number of pages: 48 Posted: 17 Nov 2023 Last Revised: 27 Nov 2023
Hamilton Galindo Gil
Cleveland State University
Downloads 84 (777,583)

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heterogeneous agents, preferences, equity term structure, term structure of interest rate

17.

Beliefs Heterogeneity and the Equity Term Structure 

Number of pages: 44 Posted: 24 Jun 2025
Hamilton Galindo Gil and Yucheng Zhou
Cleveland State University and University of Illinois at Urbana-Champaign - Gies College of Business
Downloads 76 (837,727)

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heterogeneous agents, external habit consumption, equity term structure, equity yields JEL: G11, G12, G51, C63

18.

How Do Heterogeneous Beliefs About Rare Disaster Probability Affect the Equity Term Structure?

Number of pages: 35 Posted: 10 Apr 2025
Hamilton Galindo Gil
Cleveland State University
Downloads 64 (924,743)

Abstract:

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heterogeneous agents, external habit consumption, equity term structure, rare disaster

19.

Disagreement about Monetary Policy and the Equity Term Structure

Number of pages: 46 Posted: 17 Nov 2025
Hamilton Galindo Gil, Maksim Isakin and Phuong Ngo
Cleveland State University, Cleveland State University and Cleveland State University
Downloads 62 (970,490)

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heterogeneous agents, belief disagreement, equity term structure, monetary policy

20.

The Role of External Habits and Preferences Heterogeneity in the Equity Term Structure

Journal of Economic Dynamics and Control, volume 178, 2025[10.1016/j.jedc.2025.105157]
Number of pages: 64 Posted: 17 Jul 2024 Last Revised: 09 Oct 2025
Hamilton Galindo Gil
Cleveland State University
Downloads 58 (1,010,164)

Abstract:

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heterogeneous agents, preferences, equity term structure, equity yields, external habits

21.

The Role of Leverage and Habit Consumption in Latin American Financial Markets

Number of pages: 36 Posted: 10 Oct 2024
Hamilton Galindo Gil and Carlos Antonio Aguirre Gamarra
Cleveland State University and Escuela de Administracion de Negocios para Graduados (ESAN University)
Downloads 51 (1,086,013)

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heterogeneous agents, Catching Up with the Joneses preferences, Excess Returns, Latin American, risk-aversion heterogeneity

22.

Asset Pricing Impacts of Ai Investment in a Model with Heterogeneous Risk Aversion

Number of pages: 62 Posted: 17 Jun 2025
Hamilton Galindo Gil and Marius Mihai
Cleveland State University and John Carroll University - Boler School of Business
Downloads 46 (1,133,231)

Abstract:

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Heterogeneous agents, risk aversion, Asset pricing, artificial intelligence, ChatGPT

23.

Heterogeneous Beliefs About Rare Disaster Probability: Implications for the Equity Term Structure

Number of pages: 66 Posted: 07 Apr 2025
Hamilton Galindo Gil
Cleveland State University
Downloads 45 (1,133,231)

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heterogeneous agents, external habit consumption, equity term structure, rare disaster, time-varying disaster probability