Efraim Benmelech

Northwestern University - Kellogg School of Management

Harold L. Stuart Professor of Finance

Evanston, IL 60208

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Northwestern University - Kellogg School of Management

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

45

DOWNLOADS
Rank 5,366

SSRN RANKINGS

Top 5,366

in Total Papers Downloads

10,929

SSRN CITATIONS
Rank 819

SSRN RANKINGS

Top 819

in Total Papers Citations

759

CROSSREF CITATIONS

571

Scholarly Papers (45)

Actions:
Email selected abstracts
1.

Did the Community Reinvestment Act (CRA) Lead to Risky Lending?

Downloads 1,864 ( 12,269)
Citation 10

Did the Community Reinvestment Act (CRA) Lead to Risky Lending?

Kreisman Working Papers Series in Housing Law and Policy No. 8
Number of pages: 44 Posted: 08 Nov 2012 Last Revised: 08 Jan 2015
Sumit Agarwal, Efraim Benmelech, Nittai Bergman and Amit Seru
National University of Singapore, Northwestern University - Kellogg School of Management, Tel Aviv University and Stanford University
Downloads 1,728 (13,612)

Abstract:

Loading...

CRA, Financial Institutions, Mortgages, Financial Crisis, Household Finance

Did the Community Reinvestment Act (Cra) Lead to Risky Lending?

NBER Working Paper No. w18609
Number of pages: 45 Posted: 07 Dec 2012 Last Revised: 08 May 2022
Sumit Agarwal, Efraim Benmelech, Nittai Bergman and Amit Seru
National University of Singapore, Northwestern University - Kellogg School of Management, Tel Aviv University and Stanford University
Downloads 136 (286,158)
Citation 3

Abstract:

Loading...

2.

Securitization without Adverse Selection: The Case of CLOs

Downloads 1,218 ( 23,555)
Citation 45

Securitization without Adverse Selection: The Case of CLOs

AFA 2010 Atlanta Meetings Paper, Journal of Financial Economics (JFE), Vol. 106 (1), 91-113, 2012
Number of pages: 58 Posted: 16 Feb 2009 Last Revised: 15 Feb 2018
Efraim Benmelech, Jennifer Dlugosz and Victoria Ivashina
Northwestern University - Kellogg School of Management, Board of Governors of the Federal Reserve System and Harvard University
Downloads 1,161 (24,817)
Citation 46

Abstract:

Loading...

Structured finance, Collateralized loan obligations (CLOs), CDOs, Syndicated loans

Securitization Without Adverse Selection: The Case of Clos

NBER Working Paper No. w16766
Number of pages: 46 Posted: 07 Feb 2011 Last Revised: 25 Apr 2021
Efraim Benmelech, Jennifer Dlugosz and Victoria Ivashina
Northwestern University - Kellogg School of Management, Board of Governors of the Federal Reserve System and Harvard University
Downloads 57 (492,079)

Abstract:

Loading...

3.

Credit Ratings: Qualitative Versus Quantitative Information

Number of pages: 49 Posted: 19 Jun 2017
Efraim Benmelech
Northwestern University - Kellogg School of Management
Downloads 843 (39,743)
Citation 1

Abstract:

Loading...

Credit Rating

4.

Financing Labor

Downloads 674 ( 53,605)
Citation 6

Financing Labor

Number of pages: 35 Posted: 20 May 2015
Efraim Benmelech, Nittai Bergman and Amit Seru
Northwestern University - Kellogg School of Management, Tel Aviv University and Stanford University
Downloads 438 (90,615)
Citation 7

Abstract:

Loading...

Credit, Financial Constraints, Labor, Unemployment.

Financing Labor

NBER Working Paper No. w17144
Number of pages: 33 Posted: 20 Jun 2011 Last Revised: 07 May 2022
Efraim Benmelech, Nittai Bergman and Amit Seru
Northwestern University - Kellogg School of Management, Tel Aviv University and Stanford University
Downloads 236 (176,472)

Abstract:

Loading...

5.

The Decline of Secured Debt

Downloads 641 ( 57,190)
Citation 1

The Decline of Secured Debt

Number of pages: 68 Posted: 10 Jan 2020 Last Revised: 15 Dec 2021
Efraim Benmelech, Nitish Kumar and Raghuram G. Rajan
Northwestern University - Kellogg School of Management, University of Florida and University of Chicago - Booth School of Business
Downloads 620 (58,890)
Citation 1

Abstract:

Loading...

Corporate Finance, Development of the American Economy, Economic Fluctuations and Growth, Law and Economics

The Decline of Secured Debt

NBER Working Paper No. w26637
Number of pages: 68 Posted: 13 Jan 2020 Last Revised: 14 Apr 2022
Efraim Benmelech, Nitish Kumar and Raghuram G. Rajan
Northwestern University - Kellogg School of Management, University of Florida and University of Chicago - Booth School of Business
Downloads 21 (698,849)

Abstract:

Loading...

6.

Collateral Pricing

Downloads 514 ( 75,449)
Citation 50

Collateral Pricing

AFA 2008 New Orleans Meetings Paper
Number of pages: 36 Posted: 06 Feb 2007
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 447 (88,450)
Citation 50

Abstract:

Loading...

Collateral, Secured debt, Redeployability, Airlines

Collateral Pricing

NBER Working Paper No. w13874
Number of pages: 46 Posted: 19 Mar 2008 Last Revised: 29 Nov 2021
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 67 (453,463)

Abstract:

Loading...

7.

The Credit Rating Crisis

NBER Working Paper No. w15045
Number of pages: 57 Posted: 08 Jun 2009 Last Revised: 10 Feb 2022
Efraim Benmelech and Jennifer Dlugosz
Northwestern University - Kellogg School of Management and Board of Governors of the Federal Reserve System
Downloads 428 (93,904)
Citation 11

Abstract:

Loading...

8.

Secured Credit Spreads and the Issuance of Secured Debt

Downloads 408 ( 99,296)

Secured Credit Spreads and the Issuance of Secured Debt

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-14
Number of pages: 58 Posted: 04 Mar 2020 Last Revised: 03 Dec 2020
Efraim Benmelech, Nitish Kumar and Raghuram G. Rajan
Northwestern University - Kellogg School of Management, University of Florida and University of Chicago - Booth School of Business
Downloads 235 (177,165)

Abstract:

Loading...

The Secured Credit Premium and the Issuance of Secured Debt

Number of pages: 61 Posted: 02 Mar 2020 Last Revised: 07 Feb 2022
Efraim Benmelech, Nitish Kumar and Raghuram G. Rajan
Northwestern University - Kellogg School of Management, University of Florida and University of Chicago - Booth School of Business
Downloads 173 (234,676)

Abstract:

Loading...

Secured Debt, Credit Spreads, Business Cycle, Distress

9.

Stock-Based Compensation and CEO (Dis)Incentives

Downloads 365 (112,692)
Citation 58

Stock-Based Compensation and CEO (Dis)Incentives

Number of pages: 53 Posted: 27 Mar 2008
Efraim Benmelech, Eugene Kandel and Pietro Veronesi
Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - Department of Economics and University of Chicago - Booth School of Business
Downloads 299 (138,899)
Citation 2

Abstract:

Loading...

executive compensation, corporate governance

Stock-Based Compensation and CEO (Dis)Incentives

NBER Working Paper No. w13732
Number of pages: 54 Posted: 11 Jan 2008 Last Revised: 09 Jan 2022
Efraim Benmelech, Pietro Veronesi and Eugene Kandel
Northwestern University - Kellogg School of Management, University of Chicago - Booth School of Business and Hebrew University of Jerusalem - Department of Economics
Downloads 61 (475,986)

Abstract:

Loading...

Stock-Based Compensation and CEO (Dis)Incentives

CEPR Discussion Paper No. DP6515
Number of pages: 52 Posted: 05 Jun 2008
Efraim Benmelech, Eugene Kandel and Pietro Veronesi
Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - Department of Economics and University of Chicago - Booth School of Business
Downloads 5 (845,757)
Citation 16
  • Add to Cart

Abstract:

Loading...

CEO compensation, Sub-optimal investments

10.

The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles

Downloads 363 (113,371)
Citation 33

The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles

Number of pages: 74 Posted: 18 Oct 2014 Last Revised: 08 Feb 2016
Efraim Benmelech, Ralf Meisenzahl and Rodney Ramcharan
Northwestern University - Kellogg School of Management, Federal Reserve Bank of Chicago and University of Southern California, Marshall School of Business
Downloads 337 (122,366)
Citation 3

Abstract:

Loading...

liquidity, crises, credit

The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles

NBER Working Paper No. w22148
Number of pages: 75 Posted: 11 Apr 2016 Last Revised: 07 Jan 2022
Efraim Benmelech, Ralf Meisenzahl and Rodney Ramcharan
Northwestern University - Kellogg School of Management, Federal Reserve Bank of Chicago and University of Southern California, Marshall School of Business
Downloads 26 (659,908)
Citation 17

Abstract:

Loading...

11.

Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?

Downloads 331 (125,479)
Citation 26

Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?

Number of pages: 62 Posted: 22 Mar 2018 Last Revised: 07 Dec 2019
Efraim Benmelech, Nittai Bergman and Hyunseob Kim
Northwestern University - Kellogg School of Management, Tel Aviv University and Federal Reserve Bank of Chicago
Downloads 310 (133,618)
Citation 19

Abstract:

Loading...

Monopsony, Wages, Labor Share, Productivity, Employer Concentration

Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?

NBER Working Paper No. w24307
Number of pages: 51 Posted: 02 Jun 2018 Last Revised: 22 Apr 2022
Efraim Benmelech, Nittai Bergman and Hyunseob Kim
Northwestern University - Kellogg School of Management, Tel Aviv University - Berglas School of Economics and Federal Reserve Bank of Chicago
Downloads 21 (698,849)
Citation 1

Abstract:

Loading...

12.

Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines

Downloads 307 (135,773)
Citation 39

Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines

9th Annual Texas Finance Festival, AFA 2008 New Orleans Meetings Paper
Number of pages: 40 Posted: 12 Mar 2007 Last Revised: 23 May 2008
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 290 (143,411)
Citation 34

Abstract:

Loading...

Renegotiation, Liquidation Values, Incomplete Contracts, Aircraft

Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines

NBER Working Paper No. w14059
Number of pages: 40 Posted: 09 Jun 2008 Last Revised: 02 Dec 2021
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 17 (732,190)

Abstract:

Loading...

13.

The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 18th and 19th Century

AFA 2007 Chicago Meetings Paper
Number of pages: 57 Posted: 17 Mar 2006
Efraim Benmelech, Tobias J. Moskowitz and Tobias J. Moskowitz
Northwestern University - Kellogg School of Management and Yale University, Yale SOMAQR Capital
Downloads 279 (149,942)
Citation 22

Abstract:

Loading...

Financial Development, Regulation, Usury

14.

Negotiating with Labor Under Financial Distress

Downloads 234 (178,391)
Citation 17

Negotiating with Labor Under Financial Distress

AFA 2011 Denver Meetings Paper
Number of pages: 50 Posted: 25 Feb 2010
Efraim Benmelech, Nittai Bergman and Ricardo Enriquez
Northwestern University - Kellogg School of Management, Tel Aviv University and Harvard University
Downloads 210 (197,274)
Citation 17

Abstract:

Loading...

Labor, Finance, Pension, Negotiations

Negotiating with Labor Under Financial Distress

NBER Working Paper No. w17192
Number of pages: 48 Posted: 11 Jul 2011 Last Revised: 24 Dec 2021
Efraim Benmelech, Nittai Bergman and Ricardo Enriquez
Northwestern University - Kellogg School of Management, Tel Aviv University and Harvard University
Downloads 24 (675,100)

Abstract:

Loading...

15.

Credit Traps

Downloads 226 (184,311)
Citation 17

Credit Traps

AFA 2011 Denver Meetings Paper
Number of pages: 40 Posted: 14 Mar 2010
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 196 (210,269)
Citation 19

Abstract:

Loading...

Liquidity, Credit Channel of Monetary Policy, Collateral, Banking

Credit Traps

NBER Working Paper No. w16200
Number of pages: 50 Posted: 19 Jul 2010 Last Revised: 08 Apr 2022
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 30 (631,695)

Abstract:

Loading...

16.

Civic Capital and Social Distancing During the COVID-19 Pandemic

Downloads 216 (192,370)
Citation 22

Civic Capital and Social Distancing During the COVID-19 Pandemic

Number of pages: 45 Posted: 01 Jun 2020 Last Revised: 29 Nov 2021
John Manuel Barrios, Efraim Benmelech, Yael V. Hochberg, Paola Sapienza and Luigi Zingales
Washington University in St. Louis - Olin Business School, Northwestern University - Kellogg School of Management, National Bureau of Economic Research (NBER), Northwestern University - Kellogg School of Management - Department of Finance and University of Chicago - Booth School of Business
Downloads 134 (289,454)
Citation 2

Abstract:

Loading...

Civic Capital and Social Distancing During the Covid-19 Pandemic

NBER Working Paper No. w27320
Number of pages: 45 Posted: 10 Jun 2020 Last Revised: 24 Feb 2022
John Manuel Barrios, Efraim Benmelech, Yael V. Hochberg, Paola Sapienza and Luigi Zingales
Washington University in St. Louis - Olin Business School, Northwestern University - Kellogg School of Management, National Bureau of Economic Research (NBER), Northwestern University - Kellogg School of Management - Department of Finance and University of Chicago - Booth School of Business
Downloads 82 (404,522)

Abstract:

Loading...

Civic Capital and Social Distancing During the COVID-19 Pandemic

CEPR Discussion Paper No. DP14900
Number of pages: 47 Posted: 29 Jun 2020
John Manuel Barrios, Efraim Benmelech, Yael V. Hochberg, Paola Sapienza and Luigi Zingales
Washington University in St. Louis - Olin Business School, Northwestern University - Kellogg School of Management, National Bureau of Economic Research (NBER), Northwestern University - Kellogg School of Management - Department of Finance and University of Chicago - Booth School of Business
Downloads 0
Citation 20
  • Add to Cart

Abstract:

Loading...

Civic capital, COVID, voluntary compliance

17.

Economic Conditions and the Quality of Suicide Terrorism

Downloads 202 (204,720)
Citation 19

Economic Conditions and the Quality of Suicide Terrorism

Number of pages: 40 Posted: 26 Mar 2009 Last Revised: 25 Feb 2010
Efraim Benmelech, Claude Berrebi and Esteban F. Klor
Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics
Downloads 174 (233,457)

Abstract:

Loading...

Quantity and Quality of Terrorism, Economic Conditions, Suicide Terrorists

Economic Conditions and the Quality of Suicide Terrorism

NBER Working Paper No. w16320
Number of pages: 40 Posted: 30 Aug 2010 Last Revised: 04 Feb 2022
Efraim Benmelech, Claude Berrebi and Esteban F. Klor
Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics
Downloads 26 (659,908)
Citation 3

Abstract:

Loading...

Economic Conditions and the Quality of Suicide Terrorism

CEPR Discussion Paper No. DP7995
Number of pages: 42 Posted: 14 Nov 2010
Efraim Benmelech, Claude Berrebi and Esteban F. Klor
Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics
Downloads 2 (880,397)
Citation 5
  • Add to Cart

Abstract:

Loading...

Economic Conditions, Quantity and Quality of Terrorism, Suicide Terrorists

18.

The Alchemy of Cdo Credit Ratings

NBER Working Paper No. w14878
Number of pages: 43 Posted: 20 Apr 2009 Last Revised: 26 Feb 2022
Efraim Benmelech and Jennifer Dlugosz
Northwestern University - Kellogg School of Management and Board of Governors of the Federal Reserve System
Downloads 191 (215,316)
Citation 14

Abstract:

Loading...

19.

Vintage Capital and Creditor Protection

Downloads 177 (229,928)
Citation 10

Vintage Capital and Creditor Protection

Number of pages: 42 Posted: 26 Mar 2008 Last Revised: 22 Oct 2008
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 159 (252,152)
Citation 8

Abstract:

Loading...

Vintage Capital, Creditor Rights, Finance and Growth, Airlines

Vintage Capital and Creditor Protection

NBER Working Paper No. w15735
Number of pages: 53 Posted: 10 Feb 2010 Last Revised: 31 Dec 2021
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 18 (723,609)

Abstract:

Loading...

20.

The Determinants of Fiscal and Monetary Policies During the COVID-19 Crisis

Downloads 145 (271,240)
Citation 2

The Determinants of Fiscal and Monetary Policies During the COVID-19 Crisis

Number of pages: 44 Posted: 26 Jun 2020 Last Revised: 06 Jan 2021
Efraim Benmelech and Nitzan Tzur-Ilan
Northwestern University - Kellogg School of Management and Federal Reserve Bank of Dallas
Downloads 113 (328,291)
Citation 2

Abstract:

Loading...

The Determinants of Fiscal and Monetary Policies During the Covid-19 Crisis

NBER Working Paper No. w27461
Number of pages: 43 Posted: 07 Jul 2020 Last Revised: 13 Jan 2022
Efraim Benmelech and Nitzan Tzur-Ilan
Northwestern University - Kellogg School of Management and Federal Reserve Bank of Dallas
Downloads 32 (618,625)
Citation 3

Abstract:

Loading...

21.

Military CEOS

NBER Working Paper No. w19782
Number of pages: 56 Posted: 04 Jan 2014 Last Revised: 20 Jan 2022
Efraim Benmelech and Carola Frydman
Northwestern University - Kellogg School of Management and Northwestern University
Downloads 130 (294,885)
Citation 46

Abstract:

Loading...

22.

What Explains the Flow of Foreign Fighters to ISIS?

Downloads 123 (307,238)
Citation 2

What Explains the Flow of Foreign Fighters to ISIS?

Number of pages: 27 Posted: 10 May 2016
Efraim Benmelech and Esteban F. Klor
Northwestern University - Kellogg School of Management and Hebrew University of Jerusalem - Department of Economics
Downloads 66 (457,045)

Abstract:

Loading...

What Explains the Flow of Foreign Fighters to Isis?

NBER Working Paper No. w22190
Number of pages: 27 Posted: 25 Apr 2016 Last Revised: 18 Feb 2022
Efraim Benmelech and Esteban F. Klor
Northwestern University - Kellogg School of Management and Hebrew University of Jerusalem - Department of Economics
Downloads 57 (492,079)
Citation 1

Abstract:

Loading...

23.

Credit Market Freezes

Downloads 120 (312,953)
Citation 5

Credit Market Freezes

Number of pages: 47 Posted: 22 Jun 2017
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 101 (354,731)

Abstract:

Loading...

Credit Market, Financial Crises, Illiquidity

Credit Market Freezes

NBER Working Paper No. w23512
Number of pages: 48 Posted: 19 Jun 2017 Last Revised: 31 Mar 2022
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 19 (715,267)
Citation 2

Abstract:

Loading...

24.

The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century

NBER Working Paper No. w12851
Number of pages: 53 Posted: 24 Jan 2007 Last Revised: 12 Feb 2022
Tobias J. Moskowitz, Tobias J. Moskowitz and Efraim Benmelech
Yale University, Yale SOMAQR Capital and Northwestern University - Kellogg School of Management
Downloads 120 (312,953)
Citation 9

Abstract:

Loading...

Abstract:

Loading...

Credit Rating

26.

Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation

NBER Working Paper No. w11004
Number of pages: 50 Posted: 20 Jan 2005 Last Revised: 26 Jan 2022
Efraim Benmelech, Tobias J. Moskowitz, Tobias J. Moskowitz and Mark J. Garmaise
Northwestern University - Kellogg School of Management, Yale University, Yale SOMAQR Capital and University of California, Los Angeles (UCLA) - Anderson School of Management
Downloads 87 (386,641)
Citation 21

Abstract:

Loading...

27.

Fertility and Savings: The Effect of China's Two-Child Policy on Household Savings

Number of pages: 58 Posted: 07 Dec 2021
Scott R. Baker, Efraim Benmelech, Zhishu Yang and Qi Zhang
Northwestern University, Northwestern University - Kellogg School of Management, Tsinghua University - School of Economics & Management and Shanghai Jiaotong University
Downloads 84 (394,859)

Abstract:

Loading...

Household Savings, Two-Child Policy, China

28.

Bankruptcy and the Collateral Channel

NBER Working Paper No. w15708
Number of pages: 57 Posted: 01 Feb 2010 Last Revised: 04 Dec 2021
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University
Downloads 80 (406,192)
Citation 11

Abstract:

Loading...

29.

Counter-Suicide-Terrorism: Evidence from House Demolitions

Downloads 79 (409,142)
Citation 1

Counter-Suicide-Terrorism: Evidence from House Demolitions

Number of pages: 48 Posted: 19 Oct 2012 Last Revised: 18 Jun 2020
Efraim Benmelech, Claude Berrebi and Esteban F. Klor
Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics
Downloads 54 (504,648)
Citation 1

Abstract:

Loading...

Counterterrorism, House Demolitions, Suicide Terrorists

Counter-Suicide-Terrorism: Evidence from House Demolitions

NBER Working Paper No. w16493
Number of pages: 36 Posted: 01 Nov 2010 Last Revised: 24 Jan 2022
Efraim Benmelech, Claude Berrebi and Esteban F. Klor
Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics
Downloads 25 (667,315)

Abstract:

Loading...

30.

Attack Assignments in Terror Organizations and the Productivity of Suicide Bombers

NBER Working Paper No. w12910
Number of pages: 30 Posted: 17 Feb 2007 Last Revised: 11 Apr 2022
Efraim Benmelech and Claude Berrebi
Northwestern University - Kellogg School of Management and Hebrew University of Jerusalem - School of Public Policy
Downloads 63 (461,738)

Abstract:

Loading...

31.

Repossession and the Democratization of Credit

NBER Working Paper No. w17858
Number of pages: 37 Posted: 24 Feb 2012 Last Revised: 18 Apr 2022
Juliano J. Assunção, Efraim Benmelech and Fernando Souza Silva
Pontifical Catholic University of Rio de Janeiro (PUC-Rio) - Department of Economics, Northwestern University - Kellogg School of Management and affiliation not provided to SSRN
Downloads 41 (555,157)
Citation 7

Abstract:

Loading...

32.

The Resilience of the U.S. Corporate Bond Market During Financial Crises

NBER Working Paper No. w28868
Number of pages: 55 Posted: 31 May 2021 Last Revised: 19 May 2022
Bo Becker and Efraim Benmelech
Stockholm School of Economics and Northwestern University - Kellogg School of Management
Downloads 39 (565,230)

Abstract:

Loading...

33.

Making the House a Home: The Stimulative Effect of Home Purchases on Consumption and Investment

NBER Working Paper No. w23570
Number of pages: 64 Posted: 17 Jul 2017 Last Revised: 27 Nov 2021
Efraim Benmelech, Adam M. Guren and Brian Melzer
Northwestern University - Kellogg School of Management, Boston University - Department of Economics and Federal Reserve Bank of Chicago
Downloads 34 (591,999)

Abstract:

Loading...

Abstract:

Loading...

35.

The Agglomeration of Bankruptcy

NBER Working Paper No. w20254
Number of pages: 50 Posted: 30 Jun 2014 Last Revised: 07 May 2022
Efraim Benmelech, Nittai Bergman, Anna Milanez and Vladimir Mukharlyamov
Northwestern University - Kellogg School of Management, Tel Aviv University, Deloitte Consulting LLP and Georgetown University - McDonough School of Business
Downloads 30 (615,454)
Citation 3

Abstract:

Loading...

36.

Debt, Information, and Illiquidity

NBER Working Paper No. w25054
Number of pages: 54 Posted: 17 Sep 2018 Last Revised: 17 Dec 2021
Efraim Benmelech and Nittai Bergman
Northwestern University - Kellogg School of Management and Tel Aviv University - Berglas School of Economics
Downloads 29 (621,694)

Abstract:

Loading...

37.

Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis

NBER Working Paper No. w17468
Number of pages: 33 Posted: 30 Sep 2011 Last Revised: 26 Mar 2022
Efraim Benmelech and Eyal Dvir
Northwestern University - Kellogg School of Management and Charles River Associates (CRA) - Competition Practice
Downloads 28 (627,971)
Citation 1

Abstract:

Loading...

38.

An Empirical Analysis of the Fed's Term Auction Facility

NBER Working Paper No. w18304
Number of pages: 32 Posted: 18 Aug 2012 Last Revised: 06 Jan 2022
Efraim Benmelech
Northwestern University - Kellogg School of Management
Downloads 24 (655,349)
Citation 1

Abstract:

Loading...

39.

The Economic Cost of Harboring Terrorism

NBER Working Paper No. w15465
Number of pages: 32 Posted: 03 Nov 2009 Last Revised: 04 Apr 2022
Efraim Benmelech, Claude Berrebi and Esteban F. Klor
Northwestern University - Kellogg School of Management, Hebrew University of Jerusalem - School of Public Policy and Hebrew University of Jerusalem - Department of Economics
Downloads 22 (669,840)
Citation 5

Abstract:

Loading...

40.

The Secured Credit Premium and the Issuance of Secured Debt

NBER Working Paper No. w26799
Number of pages: 62 Posted: 02 Mar 2020 Last Revised: 24 Mar 2022
Efraim Benmelech, Nitish Kumar and Raghuram G. Rajan
Northwestern University - Kellogg School of Management, University of Florida and University of Chicago - Booth School of Business
Downloads 8 (785,084)

Abstract:

Loading...

41.

Robots and Firm Investment

NBER Working Paper No. w29676
Number of pages: 52 Posted: 24 Jan 2022 Last Revised: 31 Jan 2022
Efraim Benmelech and Michal Zator
Northwestern University - Kellogg School of Management and University of Notre Dame
Downloads 5 (812,836)
  • Add to Cart

Abstract:

Loading...

42.

Private and Social Returns to R&D: Drug Development and Demographics

NBER Working Paper No. w28355
Number of pages: 15 Posted: 19 Jan 2021 Last Revised: 28 Jan 2022
Efraim Benmelech, Janice Eberly, Joshua Krieger and Dimitris Papanikolaou
Northwestern University - Kellogg School of Management, Northwestern University, Harvard University - Business School (HBS) and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 5 (812,836)
  • Add to Cart

Abstract:

Loading...

43.

Fertility and Savings: The Effect of China's Two-Child Policy on Household Savings

NBER Working Paper No. w29856
Number of pages: 59 Posted: 21 Mar 2022 Last Revised: 26 Mar 2022
Scott R. Baker, Efraim Benmelech, Zhishu Yang and Qi Zhang
Northwestern University, Kellogg School of Management, Department of Finance, Northwestern University - Kellogg School of Management, Tsinghua University - School of Economics & Management and Independent
Downloads 4 (822,430)
  • Add to Cart

Abstract:

Loading...

44.

Human Capital and the Productivity of Suicide Bombers

JOURNAL OF ECONOMIC PERSPECTIVES -VOL. 21, NO. 3, SUMMER 2007 (pp. 223-238) DOI: 10.1257/jep.21.3.223
Posted: 10 Jul 2020
Efraim Benmelech and Claude Berrebi
Northwestern University - Kellogg School of Management and Hebrew University of Jerusalem - School of Public Policy

Abstract:

Loading...

Human Capital, Skills, Occupational Choice, Labor Productivity, National Security, War, Terrorism

45.

Asset Salability and Debt Maturity: Evidence from Nineteenth-Century American Railroads

The Review of Financial Studies, Vol. 22, No. 4, pp. 1545-1584, 2009
Posted: 23 Mar 2009
Efraim Benmelech
Northwestern University - Kellogg School of Management

Abstract:

Loading...

G32, G33, L92, N21, N71