Laura Veldkamp

New York University - Stern School of Business

Associate Professor of Economics

44 West 4th St. - Suite 7-180

New York, NY 100012

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

32

DOWNLOADS
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Top 3,313

in Total Papers Downloads

9,197

CITATIONS
Rank 833

SSRN RANKINGS

Top 833

in Total Papers Citations

630

Scholarly Papers (32)

1.
Downloads 2,541 ( 3,604)
Citation 14

Time-Varying Fund Manager Skill

Journal of Finance, Forthcoming
Number of pages: 60 Posted: 16 Nov 2011 Last Revised: 06 Dec 2012
Imperial College London - Accounting, Finance, and Macroeconomics, New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 2,469 (3,680)
Citation 14

Abstract:

mutual funds, skills, business cycle

Time-Varying Fund Manager Skill

NYU Working Paper No. 2451/31336
Number of pages: 47 Posted: 26 Jun 2013
Imperial College London - Accounting, Finance, and Macroeconomics, New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 40 (360,570)
Citation 14

Abstract:

Time-Varying Fund Manager Skill

NBER Working Paper No. w17615
Number of pages: 48 Posted: 24 Nov 2011
Imperial College London - Accounting, Finance, and Macroeconomics, New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 31 (395,878)
Citation 14

Abstract:

Time-Varying Fund Manager Skill

CEPR Discussion Paper No. DP9025
Number of pages: 43 Posted: 28 Sep 2012
Imperial College London - Accounting, Finance, and Macroeconomics, New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 1 (564,552)
Citation 14

Abstract:

BUSINESS CYCLE, MUTUAL FUNDS, SKILLS

2.
Downloads 1,818 ( 6,373)
Citation 21

Rational Attention Allocation over the Business Cycle

Number of pages: 63 Posted: 29 May 2009 Last Revised: 15 Aug 2012
Imperial College London - Accounting, Finance, and Macroeconomics, New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 1,555 (8,200)
Citation 19

Abstract:

information choice, investment management, business cycle

Rational Attention Allocation Over the Business Cycle

NYU Working Paper No. 2451/31425
Number of pages: 57 Posted: 13 Jan 2012
Imperial College London - Accounting, Finance, and Macroeconomics, New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 238 (103,998)
Citation 19

Abstract:

Rational Attention Allocation Over the Business Cycle

NBER Working Paper No. w15450
Number of pages: 54 Posted: 03 Nov 2009
Imperial College London - Accounting, Finance, and Macroeconomics, New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 25 (425,293)
Citation 21

Abstract:

3.
Downloads 823 ( 22,474)
Citation 82

Information Immobility and the Home Bias Puzzle

AFA 2006 Boston Meetings Paper
Number of pages: 44 Posted: 21 Nov 2005 Last Revised: 06 May 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 477 (46,408)
Citation 80

Abstract:

Home bias, asymmetric information, information theory, local bias

Information Immobility and the Home Bias Puzzle

NYU Working Paper No. FIN-04-026
Number of pages: 37 Posted: 03 Nov 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 231 (107,269)
Citation 82

Abstract:

Information Immobility and the Home Bias Puzzle

NYU Working Paper No. SC-AM-05-05
Number of pages: 38 Posted: 03 Nov 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 51 (324,715)
Citation 82

Abstract:

Information Immobility and the Home Bias Puzzle

NYU Working Paper No. FIN-07-017
Number of pages: 34 Posted: 03 Nov 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 42 (353,511)
Citation 80

Abstract:

Home bias, asymmetric information, learning

Information Immobility and the Home Bias Puzzle

NBER Working Paper No. w13366
Number of pages: 45 Posted: 10 Sep 2007
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 22 (441,992)
Citation 80

Abstract:

Leadership, Coordination and Mission-Driven Management

AFA 2009 San Francisco Meetings Paper
Number of pages: 44 Posted: 17 Mar 2008
Columbia Business School - Department of Economics, Princeton University - Department of Economics and New York University - Stern School of Business
Downloads 562 (37,543)
Citation 5

Abstract:

leadership, CEO overconfidence, coordination games

Leadership, Coordination and Mission-Driven Management

NBER Working Paper No. w14339
Number of pages: 44 Posted: 15 Sep 2008
Columbia Business School - Department of Economics, Princeton University - Department of Economics and New York University - Stern School of Business
Downloads 62 (294,619)
Citation 5

Abstract:

5.
Downloads 401 ( 58,173)
Citation 64

Information Acquisition and Under-Diversification

EFA 2005 Moscow Meetings
Number of pages: 36 Posted: 16 Nov 2004 Last Revised: 17 Mar 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 335 (71,309)
Citation 64

Abstract:

Information choice, portfolio theory, learning, asymmetric information

Information Acquisition and Under-Diversification

NYU Working Paper No. 2451/26030
Number of pages: 36 Posted: 13 Oct 2008
Laura Veldkamp and Stijn Van Nieuwerburgh
New York University - Stern School of Business and New York University Stern School of Business, Department of Finance
Downloads 51 (324,715)
Citation 64

Abstract:

Information Acquisition and Under-Diversification

NBER Working Paper No. w13904
Number of pages: 37 Posted: 21 Mar 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 15 (482,265)
Citation 64

Abstract:

6.

A Rational Theory of Mutual Funds' Attention Allocation

NYU Working Paper No. 2451/28347
Number of pages: 53 Posted: 26 Jun 2013 Last Revised: 29 Oct 2015
Imperial College London - Accounting, Finance, and Macroeconomics, New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 305 (23,077)

Abstract:

mutual funds, rational inattention, portfolio choice

Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation

Number of pages: 34 Posted: 06 Nov 2008
Vasiliki Skreta and Laura Veldkamp
University College London and New York University - Stern School of Business
Downloads 237 (104,441)
Citation 57

Abstract:

Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation

NBER Working Paper No. w14761
Number of pages: 31 Posted: 26 Feb 2009
Vasiliki Skreta and Laura Veldkamp
University College London and New York University - Stern School of Business
Downloads 34 (383,249)
Citation 57

Abstract:

8.
Downloads 218 (114,011)
Citation 38

Information Markets and the Comovement of Asset Prices

EFA 2004 Maastricht Meetings Paper No. 1518
Number of pages: 36 Posted: 11 Jun 2004
Laura Veldkamp
New York University - Stern School of Business
Downloads 134 (176,372)
Citation 38

Abstract:

Comovement, herding, information market, learning, asset pricing

Information Markets and the Comovement of Asset Prices

NYU Working Paper No. S-MF-04-12
Number of pages: 31 Posted: 07 Nov 2008
Laura Veldkamp
New York University - Stern School of Business
Downloads 32 (391,516)
Citation 38

Abstract:

Comovement, herding, information market, asset pricing

Information Markets and the Comovement of Asset Prices

NYU Working Paper No. S-MF-04-12
Number of pages: 31 Posted: 12 Nov 2008
Laura Veldkamp
New York University - Stern School of Business
Downloads 32 (391,516)
Citation 38

Abstract:

Comovement, herding, information market, asset pricing

Information Markets and the Comovement of Asset Prices

NYU Working Paper No. 2451/26132
Number of pages: 31 Posted: 13 Oct 2008
Laura Veldkamp
New York University - Stern School of Business
Downloads 20 (453,508)
Citation 38

Abstract:

9.
Downloads 208 (119,454)
Citation 52

Media Frenzies in Markets for Financial Information

Number of pages: 41 Posted: 15 Sep 2004
Laura Veldkamp
New York University - Stern School of Business
Downloads 140 (170,253)
Citation 52

Abstract:

Information markets, news, herding, bubbles, frenzies

Media Frenzies in Markets for Financial Information

NYU Working Paper No. EC-03-20
Number of pages: 39 Posted: 31 Oct 2008
Laura Veldkamp
New York University - Stern School of Business
Downloads 45 (343,453)
Citation 52

Abstract:

Crashes, herding, information market, media

Media Frenzies in Markets for Financial Information

NYU Working Paper No. S-MF-03-16
Number of pages: 39 Posted: 12 Nov 2008
Laura Veldkamp
New York University - Stern School of Business
Downloads 23 (436,336)
Citation 52

Abstract:

Understanding Uncertainty Shocks and the Role of Black Swans

Number of pages: 44 Posted: 26 Mar 2016
Anna Orlik and Laura Veldkamp
Board of Governors of the Federal Reserve System and New York University - Stern School of Business
Downloads 123 (188,767)
Citation 1

Abstract:

Understanding Uncertainty Shocks and the Role of Black Swans

NBER Working Paper No. w20445
Number of pages: 44 Posted: 03 Sep 2014
Anna Orlik and Laura Veldkamp
Board of Governors of the Federal Reserve System and New York University - Stern School of Business
Downloads 17 (470,799)
Citation 1

Abstract:

Understanding Uncertainty Shocks and the Role of Black Swans

CEPR Discussion Paper No. DP10147
Number of pages: 42 Posted: 25 Sep 2014
Anna Orlik and Laura Veldkamp
Board of Governors of the Federal Reserve System and New York University - Stern School of Business
Downloads 2 (554,425)
Citation 1

Abstract:

forecasting, rare events, Uncertainty

Knowing What Others Know: Coordination Motives in Information Acquisition

Number of pages: 38 Posted: 19 Oct 2006
Christian Hellwig and Laura Veldkamp
University of Toulouse 1 - Toulouse School of Economics (TSE) and New York University - Stern School of Business
Downloads 90 (236,339)
Citation 34

Abstract:

Coordination games, information choice, beauty contest game, price-setting

Knowing What Others Know: Coordination Motives in Information Acquisition

NYU Working Paper No. 2451/26076
Number of pages: 40 Posted: 13 Oct 2008
Laura Veldkamp and Christian Hellwig
New York University - Stern School of Business and University of Toulouse 1 - Toulouse School of Economics (TSE)
Downloads 46 (340,249)
Citation 34

Abstract:

Knowing What Others Know: Coordination Motives in Information Acquisition

CEPR Discussion Paper No. DP6506
Number of pages: 39 Posted: 05 Jun 2008
Christian Hellwig and Laura Veldkamp
University of Toulouse 1 - Toulouse School of Economics (TSE) and New York University - Stern School of Business
Downloads 4 (541,652)
Citation 34

Abstract:

Costly Information Acquisition, Price-setting, Strategic Complementarities

Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement

IZA Discussion Paper No. 2339, Federal Reserve Bank of San Francisco Working Paper No. 2006-26
Number of pages: 40 Posted: 15 Oct 2006
Laura Veldkamp and Justin Wolfers
New York University - Stern School of Business and University of Michigan at Ann Arbor - Department of Economics
Downloads 61 (297,081)
Citation 6

Abstract:

business cycles, comovement puzzle, information markets

Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement

NYU Working Paper No. 2451/26074
Number of pages: 29 Posted: 13 Oct 2008
Laura Veldkamp and Justin Wolfers
New York University - Stern School of Business and University of Michigan at Ann Arbor - Department of Economics
Downloads 30 (400,404)
Citation 6

Abstract:

Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement

NBER Working Paper No. w12557
Number of pages: 30 Posted: 08 Oct 2006
Laura Veldkamp and Justin Wolfers
New York University - Stern School of Business and University of Michigan at Ann Arbor - Department of Economics
Downloads 20 (453,508)
Citation 6

Abstract:

Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement

CEPR Discussion Paper No. 5898
Number of pages: 41 Posted: 28 Dec 2006
Laura Veldkamp and Justin Wolfers
New York University - Stern School of Business and University of Michigan at Ann Arbor - Department of Economics
Downloads 18 (464,993)
Citation 6

Abstract:

Business cycles, comovement puzzle, costly information, information markets

13.

Information Acquisition and Portfolio Under-Diversi¯Cation

NYU Working Paper No. FIN-04-025
Number of pages: 39 Posted: 03 Nov 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 119 (176,932)
Citation 61

Abstract:

14.

Income Dispersion, Asymmetric Information and Fluctuations in Market Efficiency

Number of pages: 34 Posted: 19 Oct 2006
Laura Veldkamp and Chris Edmond
New York University - Stern School of Business and New York University
Downloads 101 (204,410)

Abstract:

business cycles, counter-cyclical markups, asymmetric information

15.

Should We Regulate Financial Information?

NYU Working Paper No. 2451/31610
Number of pages: 39 Posted: 19 Sep 2012
Pablo D. Kurlat and Laura Veldkamp
Stanford University - Department of Economics and New York University - Stern School of Business
Downloads 90 (217,236)
Citation 2

Abstract:

16.
Downloads 80 (252,433)
Citation 30

Learning Asymmetries in Real Business Cycles

NYU Working Paper No. S-MF-03-08
Number of pages: 37 Posted: 12 Nov 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 59 (302,208)
Citation 30

Abstract:

Learning Asymmetries in Real Business Cycles

NYU Working Paper No. FIN-05-025
Number of pages: 37 Posted: 03 Nov 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 21 (447,740)
Citation 30

Abstract:

Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Markets

FRB of New York Staff Report No. 726
Number of pages: 57 Posted: 22 Apr 2015
Nina Boyarchenko, David O. Lucca and Laura Veldkamp
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and New York University - Stern School of Business
Downloads 69 (278,000)

Abstract:

Treasury auction, primary dealers, financial intermediation, information aggregation

Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Markets

NBER Working Paper No. w22461
Number of pages: 57 Posted: 01 Aug 2016
Nina Boyarchenko, David O. Lucca and Laura Veldkamp
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and New York University - Stern School of Business
Downloads 8 (521,516)

Abstract:

Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Markets

CEPR Discussion Paper No. DP11518
Number of pages: 59 Posted: 26 Sep 2016
Nina Boyarchenko, David O. Lucca and Laura Veldkamp
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and New York University - Stern School of Business
Downloads 0

Abstract:

asymmetric information, auctions, Financial Intermediation, Treasury

18.

Information Globalization, Risk Sharing and International Trade

Number of pages: 38 Posted: 03 Aug 2014 Last Revised: 11 Feb 2015
Isaac Baley, Laura Veldkamp and Michael E. Waugh
Universitat Pompeu Fabra, New York University - Stern School of Business and New York University (NYU), Leonard N. Stern School of Business, Department of Economics
Downloads 73 (236,247)

Abstract:

information frictions, international trade, risk sharing

Nature or Nurture? Learning and Female Labor Force Dynamics

Leonard N. Stern Econonics Working Paper
Number of pages: 39 Posted: 17 May 2007
Alessandra Fogli and Laura Veldkamp
Leonard N. Stern School of Business - Department of Economics and New York University - Stern School of Business
Downloads 43 (350,141)
Citation 23

Abstract:

female labor force participation, preference formation, S-shaped learning, labor supply, endogenous information diffusion

Nature or Nurture? Learning and Female Labor Force Dynamics

NYU Working Paper No. 2451/26041
Number of pages: 39 Posted: 13 Oct 2008
Alessandra Fogli and Laura Veldkamp
Leonard N. Stern School of Business - Department of Economics and New York University - Stern School of Business
Downloads 25 (425,293)
Citation 23

Abstract:

20.

Germs, Social Networks and Growth

NYU Working Paper No. 2451/31611
Number of pages: 50 Posted: 19 Sep 2012 Last Revised: 21 Jul 2016
Alessandra Fogli and Laura Veldkamp
Leonard N. Stern School of Business - Department of Economics and New York University - Stern School of Business
Downloads 67 (266,392)
Citation 2

Abstract:

growth, development, technology diffusion, economic networks, social networks, pathogens, disease

21.

Germs, Social Networks and Growth

Number of pages: 35 Posted: 21 Sep 2010 Last Revised: 31 Aug 2012
Alessandra Fogli and Laura Veldkamp
Federal Reserve Bank of Minneapolis and New York University - Stern School of Business
Downloads 61 (281,610)
Citation 2

Abstract:

Growth, Development, Technology Diffusion, Economic Networks, Social Networks, Pathogens, Disease

22.

Information Immobility and the Home Bias Puzzle

NYU Working Paper No. EC-04-32
Number of pages: 44 Posted: 31 Oct 2008
Laura Veldkamp and Van Nieuwerburgh
New York University - Stern School of Business and affiliation not provided to SSRN
Downloads 61 (288,567)
Citation 16

Abstract:

Home bias, asymmetric information, learning

23.
Downloads 49 (325,445)
Citation 5

Income Dispersion and Counter-Cyclical Markups

NYU Working Paper No. 2451/26075
Number of pages: 34 Posted: 13 Oct 2008
Laura Veldkamp and Chris Edmond
New York University - Stern School of Business and New York University
Downloads 38 (367,761)
Citation 5

Abstract:

business cycles, counter-cyclical markups, income dispersion

Income Dispersion and Counter-Cyclical Markups

NBER Working Paper No. w14452
Number of pages: 42 Posted: 03 Nov 2008
Chris Edmond and Laura Veldkamp
New York University and New York University - Stern School of Business
Downloads 11 (505,264)
Citation 5

Abstract:

The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation

NYU Law and Economics Research Paper No. 15-25
Number of pages: 45 Posted: 07 Nov 2015 Last Revised: 03 Dec 2015
New York University (NYU), New York University - Stern School of Business and New York University (NYU), Leonard N. Stern School of Business, Students
Downloads 26 (420,032)

Abstract:

stagnation, tail risk, belief-driven business cycles

The Tail that Wags the Economy: Beliefs and Persistent Stagnation

NBER Working Paper No. w21719
Number of pages: 55 Posted: 16 Nov 2015
New York University (NYU), New York University - Stern School of Business and New York University (NYU), Leonard N. Stern School of Business, Students
Downloads 7 (526,764)

Abstract:

The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation

CEPR Discussion Paper No. DP11352
Number of pages: 47 Posted: 27 Jun 2016
New York University (NYU), New York University - Stern School of Business and New York University (NYU), Leonard N. Stern School of Business, Students
Downloads 0

Abstract:

belief-driven business cycles, Stagnation, tail risk

25.

Information Acquisition and Portfolio Under-Diversification

NYU Working Paper No. SC-AM-05-08
Number of pages: 37 Posted: 03 Nov 2008
Stijn Van Nieuwerburgh and Laura Veldkamp
New York University Stern School of Business, Department of Finance and New York University - Stern School of Business
Downloads 27 (382,254)
Citation 60

Abstract:

26.

Learning Asymmetries in Real Business Cycles

NYU Working Paper No. EC-03-21
Number of pages: 31 Posted: 31 Oct 2008
Laura Veldkamp
New York University - Stern School of Business
Downloads 26 (374,572)
Citation 2

Abstract:

learning, asymmetry, business cycles, uncertainty

27.

Nature or Nurture? Learning and the Geography of Female Labor Force Participation

NBER Working Paper No. w14097
Number of pages: 42 Posted: 22 Jun 2008
Alessandra Fogli and Laura Veldkamp
Federal Reserve Bank of Minneapolis and New York University - Stern School of Business
Downloads 24 (418,032)
Citation 22

Abstract:

The Common Origin of Uncertainty Shocks

NBER Working Paper No. w22384
Number of pages: 47 Posted: 11 Jul 2016
Nicholas Kozeniauskas, Anna Orlik and Laura Veldkamp
New York University (NYU) - Department of Economics, Board of Governors of the Federal Reserve System and New York University - Stern School of Business
Downloads 13 (493,810)

Abstract:

The Common Origin of Uncertainty Shocks

CEPR Discussion Paper No. DP11501
Number of pages: 44 Posted: 20 Sep 2016
Nicholas Kozeniauskas, Anna Orlik and Laura Veldkamp
New York University (NYU) - Department of Economics, Board of Governors of the Federal Reserve System and New York University - Stern School of Business
Downloads 0

Abstract:

asymmetric information, Business Cycles, disagreement, disaster risk, uncertainty

29.

De-Regulating Markets for Financial Information

NYU Working Paper No. 2451/31333
Number of pages: 38 Posted: 26 Jun 2013
Laura Veldkamp and Pablo D. Kurlat
New York University - Stern School of Business and Stanford University - Department of Economics
Downloads 5 (494,571)

Abstract:

30.

Nature or Nurture? Learning and Female Labour Force Dynamics

CEPR Discussion Paper No. DP6324
Number of pages: 44 Posted: 23 May 2008
Alessandra Fogli and Laura Veldkamp
Leonard N. Stern School of Business - Department of Economics and New York University - Stern School of Business
Downloads 5 (512,777)
Citation 11

Abstract:

female labour force participation, information diffusion, labor supply, preference transmission, S-shaped learning

31.

Germs, Social Networks and Growth

NBER Working Paper No. w18470
Number of pages: 52 Posted: 20 Oct 2012
Alessandra Fogli and Laura Veldkamp
Federal Reserve Bank of Minneapolis and New York University - Stern School of Business
Downloads 4 (503,970)
Citation 2

Abstract:

32.

Long Run Growth of Financial Technology

Number of pages: 49 Posted: 23 May 2017
Maryam Farboodi and Laura Veldkamp
Princeton University - Bendheim Center for Finance and New York University - Stern School of Business
Downloads 0 (503,970)

Abstract:

FinTech, big data, financial analysis, liquidity, information acquisition, growth