Author Page for Mariano (Max) Massimiliano Croce

1.

Long-Run Productivity Risk: A New Hope for Production-Based Asset Pricing?

Journal of Monetary Economics 2014

Number of pages: 45 Posted: 18 Mar 2008 Last Revised: 10 Mar 2017

Mariano (Max) Massimiliano Croce

Finance Department, Bocconi University

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Citation 23

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2.

Risks for the Long-Run and the Real Exchange Rate

Journal of Political Economy, Vol. 119, No. 1, 2011

Number of pages: 34 Posted: 14 Mar 2008 Last Revised: 03 Oct 2012

Ric Colacito and Mariano (Max) Massimiliano Croce

University of North Carolina Kenan-Flagler Business School and Finance Department, Bocconi University

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Citation 38

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3.

Fiscal Policies and Asset Prices

Review of Financial Studies, 2012

Number of pages: 47 Posted: 15 Jun 2011 Last Revised: 10 Mar 2017

Mariano (Max) Massimiliano Croce, Howard Kung, Thien Tung Nguyen and Lukas Schmid

Finance Department, Bocconi University, London Business School, Ohio State University (OSU) - Department of Finance and Duke University - The Fuqua School of Business

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Citation 9

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4.

International Asset Pricing with Recursive Preferences

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Citation 3

2

International Asset Pricing with Recursive Preferences

Journal of Finance, Volume 68, Issue 6, December 2013

Number of pages: 53 Posted: 23 Jul 2010 Last Revised: 10 Mar 2017

Ric Colacito and Mariano (Max) Massimiliano Croce

University of North Carolina Kenan-Flagler Business School and Finance Department, Bocconi University

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Citation 3

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International Asset Pricing with Recursive Preferences

Journal of Finance, 2013, AFA 2013 San Diego Meetings Paper

Number of pages: 53 Posted: 14 Mar 2012 Last Revised: 10 Mar 2017

Ric Colacito and Mariano (Max) Massimiliano Croce

University of North Carolina Kenan-Flagler Business School and Finance Department, Bocconi University

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Citation 3

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5.

Toward a Quantitative General Equilibrium Asset Pricing Model with Intangible Capital

Review of Financial Studies 26 (2): 491-530, 2013, DOI: doi.org/10.1093/rfs/hhs121

Number of pages: 61 Posted: 15 Mar 2010 Last Revised: 10 Mar 2017

Hengjie Ai, Mariano (Max) Massimiliano Croce and Kai Li

University of Minnesota - Twin Cities - Carlson School of Management, Finance Department, Bocconi University and Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management

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Citation 9

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6.

News Shocks and the Production-Based Term Structure of Equity Returns

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3

News Shocks and the Production-Based Term Structure of Equity Returns

Number of pages: 67 Posted: 18 Nov 2012 Last Revised: 05 Sep 2017

Hengjie Ai, Mariano (Max) Massimiliano Croce, Anthony M. Diercks and Kai Li

University of Minnesota - Twin Cities - Carlson School of Management, Finance Department, Bocconi University, Board of Governors of the Federal Reserve System: Monetary and Financial Market Analysis and Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management

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Abstract:

Production-Based Term Structure of Equity Returns

UNC Kenan-Flagler Research Paper No. 2336099

Number of pages: 42 Posted: 09 Oct 2013

Mariano (Max) Massimiliano Croce, Hengjie Ai, Anthony M. Diercks and Kai Li

Finance Department, Bocconi University, University of Minnesota - Twin Cities - Carlson School of Management, Board of Governors of the Federal Reserve System: Monetary and Financial Market Analysis and Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management

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Abstract:

News Shocks and the Production-Based Term Structure of Equity Returns

CEPR Discussion Paper No. DP12661

Number of pages: 70 Posted: 05 Feb 2018

Hengjie Ai, Mariano (Max) Massimiliano Croce, Anthony Diercks and Kai Li

University of Minnesota - Twin Cities - Carlson School of Management, Finance Department, Bocconi University, Board of Governors of the Federal Reserve System and Hong Kong University of Science & Technology (HKUST) - HKUST School of Business and Management

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7.

Fiscal Policy and the Distribution of Consumption Risk

Number of pages: 49 Posted: 29 Jun 2011 Last Revised: 18 Oct 2013

Mariano (Max) Massimiliano Croce, Thien Tung Nguyen and Lukas Schmid

Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance and Duke University - The Fuqua School of Business

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Citation 5

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8.

The Market Price of Fiscal Uncertainty

Carnegie-Rochester Conference Series on Public Policy, JME 2012

Number of pages: 41 Posted: 01 Nov 2011 Last Revised: 10 Mar 2017

Mariano (Max) Massimiliano Croce, Thien Tung Nguyen and Lukas Schmid

Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance and Duke University - The Fuqua School of Business

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Citation 7

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9.

Currency Risk Factors in a Recursive Multi-Country Economy

Journal of Finance, Forthcoming, Simon Business School Working Paper No. FR 15-10, INSEAD Working Paper No. 2015/40/FIN

Number of pages: 51 Posted: 24 Dec 2014 Last Revised: 25 Aug 2018

Ric Colacito, Mariano (Max) Massimiliano Croce, Federico Gavazzoni and Robert C. Ready

University of North Carolina Kenan-Flagler Business School, Finance Department, Bocconi University, INSEAD and University of Oregon - Department of Finance

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10.

Government Debt and the Returns to Innovation

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2

Government Debt and the Returns to Innovation

Journal of Financial Economics (JFE), Forthcoming, Fisher College of Business Working Paper No. 2016-03-10, Charles A. Dice Center Working Paper No. 2016-10

Number of pages: 81 Posted: 24 May 2016 Last Revised: 25 Jul 2018

Mariano (Max) Massimiliano Croce, Thien Tung Nguyen, Steve Raymond and Lukas Schmid

Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance, University of North Carolina (UNC) at Chapel Hill - Department of Economics and Duke University - The Fuqua School of Business

Downloads 447 (57,819)

Abstract:

Government Debt and the Returns to Innovation

CEPR Discussion Paper No. DP12617

Number of pages: 81 Posted: 22 Jan 2018

Mariano (Max) Massimiliano Croce, Thien Tung Nguyen, Steve Raymond and Lukas Schmid

Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance, University of North Carolina (UNC) at Chapel Hill - Department of Economics and Duke University - The Fuqua School of Business

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11.

The Short- and Long-Run Benefits of Financial Integration

American Economic Review, Papers and Proceedings, May 2010

Number of pages: 5 Posted: 04 Feb 2010

Ric Colacito and Mariano (Max) Massimiliano Croce

University of North Carolina Kenan-Flagler Business School and Finance Department, Bocconi University

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Citation 3

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12.

The Leading Premium

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2

The Leading Premium

Number of pages: 49 Posted: 20 Nov 2015 Last Revised: 12 Dec 2017

Mariano (Max) Massimiliano Croce, Tatyana Marchuk and Christian Schlag

Finance Department, Bocconi University, BI Norwegian Business School and Goethe University Frankfurt - Research Center SAFE

Downloads 364 (74,013)

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The Leading Premium

CEPR Discussion Paper No. DP12631

Number of pages: 52 Posted: 29 Jan 2018

Mariano (Max) Massimiliano Croce, Tatyana Marchuk and Christian Schlag

Finance Department, Bocconi University, BI Norwegian Business School and Goethe University Frankfurt - Research Center SAFE

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13.

Recursive Allocations and Wealth Distribution with Multiple Goods: Existence, Survivorship, and Dynamics

Number of pages: 62 Posted: 23 Jul 2010 Last Revised: 03 Apr 2018

Ric Colacito, Mariano (Max) Massimiliano Croce and Zhao Liu

University of North Carolina Kenan-Flagler Business School, Finance Department, Bocconi University and Duke University, Department of Economics, Students

Downloads 354 (77,125)

Citation 1

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14.

International Asset Pricing with Risk-Sensitive Agents

Number of pages: 41 Posted: 05 Feb 2010 Last Revised: 03 Oct 2012

Ric Colacito and Mariano (Max) Massimiliano Croce

University of North Carolina Kenan-Flagler Business School and Finance Department, Bocconi University

Downloads 327 (84,450)

Citation 1

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15.

Volatility Risk Pass-Through

Number of pages: 50 Posted: 27 Nov 2015 Last Revised: 02 Apr 2018

Ric Colacito, Mariano (Max) Massimiliano Croce, Yang Liu and Ivan Shaliastovich

University of North Carolina Kenan-Flagler Business School, Finance Department, Bocconi University, The University of Hong Kong - Faculty of Business and Economics and University of Wisconsin - Madison

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16.

Investor Information, Long-Run Risk, and the Duration of Risky Cash Flows

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Citation 31

3

Investor Information, Long-Run Risk, and the Duration of Risky Cash Flows

AFA 2008 New Orleans Meetings, AFA 2009 San Francisco Meetings Paper

Number of pages: 59 Posted: 26 Feb 2007

Mariano (Max) Massimiliano Croce, Martin Lettau and Sydney C. Ludvigson

Finance Department, Bocconi University, University of California - Haas School of Business and New York University - Department of Economics

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Citation 31

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Investor Information, Long-Run Risk, and the Duration of Risky Cash Flows

Review of Financial Studies, 2015, NYU Working Paper No. FIN-06-011

Number of pages: 58 Posted: 03 Nov 2008 Last Revised: 10 Mar 2017

Mariano (Max) Massimiliano Croce, Martin Lettau and Sydney C. Ludvigson

Finance Department, Bocconi University, University of California - Haas School of Business and New York University - Department of Economics

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Citation 30

Abstract:

Investor Information, Long-Run Risk, and the Term Structure of Equity

NBER Working Paper No. w12912

Number of pages: 57 Posted: 17 Feb 2007 Last Revised: 03 Oct 2012

Mariano (Max) Massimiliano Croce, Martin Lettau and Sydney C. Ludvigson

Finance Department, Bocconi University, University of California - Haas School of Business and New York University - Department of Economics

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Citation 31

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17.

International Robust Disagreement

American Economic Review, Vol. 102, No. 2, May 2012

Number of pages: 5 Posted: 14 Jan 2012

Ric Colacito and Mariano (Max) Massimiliano Croce

University of North Carolina Kenan-Flagler Business School and Finance Department, Bocconi University

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Citation 4

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18.

Welfare Costs in the Long Run

UNC Kenan-Flagler Research Paper No. 2013-3

Number of pages: 29 Posted: 18 May 2012 Last Revised: 12 Nov 2013

Mariano (Max) Massimiliano Croce

Finance Department, Bocconi University

Downloads 200 (140,245)

Citation 1

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19.

Uncertainty-Induced Reallocations and Growth

Number of pages: 57 Posted: 18 Nov 2016 Last Revised: 05 Dec 2017

Ravi Bansal, Mariano (Max) Massimiliano Croce, Wenxi Liao and Samuel Rosen

Duke University and NBER, Finance Department, Bocconi University, Fuqua School of Business, Duke University and Temple University, Fox School of Business

Downloads 166 (166,050)

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20.

Risks for the Long Run and the Real Exchange Rate: Technical Appendix

Number of pages: 16 Posted: 14 Sep 2008

Ric Colacito and Mariano (Max) Massimiliano Croce

University of North Carolina Kenan-Flagler Business School and Finance Department, Bocconi University

Downloads 150 (181,035)

Citation 35

Abstract:

21.

A Tax Plan for Endogenous Innovation

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A Tax Plan for Endogenous Innovation

Number of pages: 44 Posted: 14 Apr 2017

Mariano (Max) Massimiliano Croce, Anastasios G. Karantounias, Steve Raymond and Lukas Schmid

Finance Department, Bocconi University, Federal Reserve Banks - Federal Reserve Bank of Atlanta, University of North Carolina (UNC) at Chapel Hill - Department of Economics and Duke University - The Fuqua School of Business

Downloads 74 (299,592)

Abstract:

A Tax Plan for Endogenous Innovation

FRB Atlanta Working Paper No. 2017-13

Number of pages: 45 Posted: 23 Aug 2018

Mariano (Max) Massimiliano Croce, Anastasios G. Karantounias, Stephen Raymond and Lukas Schmid

Finance Department, Bocconi University, Federal Reserve Banks - Federal Reserve Bank of Atlanta, University of North Carolina (UNC) at Chapel Hill and Duke University - The Fuqua School of Business

Downloads 6 (587,969)

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22.

Global Entropy

Number of pages: 53 Posted: 16 Feb 2014 Last Revised: 11 Sep 2015

Mariano (Max) Massimiliano Croce, Thien Tung Nguyen and Lukas Schmid

Finance Department, Bocconi University, Ohio State University (OSU) - Department of Finance and Duke University - The Fuqua School of Business

Downloads 80 (283,263)

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23.

Currency Risk Factors in a Recursive Multicountry Economy

CEPR Discussion Paper No. DP12610

Number of pages: 79 Posted: 22 Jan 2018

Ric Colacito, Mariano (Max) Massimiliano Croce, Federico Gavazzoni and Robert Ready

University of North Carolina Kenan-Flagler Business School, Finance Department, Bocconi University, INSEAD and University of Rochester

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24.

BKK the EZ Way. International Long-Run Growth News and Capital Flows

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2

BKK the EZ Way. International Long-Run Growth News and Capital Flows

CEPR Discussion Paper No. DP12783

Number of pages: 82 Posted: 13 Mar 2018

Ric Colacito, Mariano (Max) Massimiliano Croce, Steven Wei Ho and Philip Howard

University of North Carolina Kenan-Flagler Business School, Finance Department, Bocconi University, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Wake Forest University - School of Business

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BKK the EZ Way: International Long-Run Growth News and Capital Flows

Posted: 18 Nov 2012 Last Revised: 10 Mar 2017

Ric Colacito, Mariano (Max) Massimiliano Croce, Steven Wei Ho and Philip Howard

University of North Carolina Kenan-Flagler Business School, Finance Department, Bocconi University, Columbia University, Graduate School of Arts and Sciences, Department of Economics and Wake Forest University - School of Business

Mariano (Max) Massimiliano Croce

Finance Department, Bocconi University

Full Professor of Finance

National Bureau of Economic Research (NBER)

Research Associate

Centre for Economic Policy Research (CEPR)

Research Fellow

University of North Carolina Kenan-Flagler Business School

Adjunct Professor of Finance and Economics

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Scholarly Papers (24)

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News Shocks and the Production-Based Term Structure of Equity Returns

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Government Debt and the Returns to Innovation

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The Leading Premium

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Currency Risk Factors in a Recursive Multicountry Economy

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BKK the EZ Way. International Long-Run Growth News and Capital Flows

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