Anna Cieslak

Duke University - Fuqua School of Business

Associate Professor

Box 90120

Durham, NC 27708-0120

United States

https://sites.google.com/site/ancieslak/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Duke University - Fuqua School of Business

    • Email
    • Tel: 919 660 7879

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

16

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16,669

SSRN CITATIONS
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Top 1,879

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767

CROSSREF CITATIONS

70

Scholarly Papers (16)

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1.

Expected Returns in Treasury Bonds

Number of pages: 60 Posted: 15 Nov 2010 Last Revised: 02 Apr 2015
Anna Cieslak and Pavol Povala
Duke University - Fuqua School of Business and Norges Bank Investment Management
Downloads 3,375 (6,162)
Citation 99

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term premia, bond return forecasting factor

2.

Stock Returns Over the FOMC Cycle

Journal of Finance, Forthcoming
Number of pages: 57 Posted: 08 Nov 2015 Last Revised: 08 Jun 2019
Anna Cieslak, Adair Morse and Annette Vissing-Jorgensen
Duke University - Fuqua School of Business, University of California, Berkeley - Haas School of Business and Federal Reserve Board
Downloads 2,910 (7,785)
Citation 77

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Monetary Policy, Federal Reserve, FOMC, Communication, Stock Returns

3.

The Economics of the Fed Put

Downloads 2,028 (13,771)
Citation 21

The Economics of the Fed Put

Number of pages: 94 Posted: 14 Apr 2017 Last Revised: 17 Jun 2020
Anna Cieslak and Annette Vissing-Jorgensen
Duke University - Fuqua School of Business and Federal Reserve Board
Downloads 1,971 (14,167)
Citation 21

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Fed Put, Monetary Policy, Stock Market, Textual Analysis, Taylor Rules

The Economics of the Fed Put

NBER Working Paper No. w26894
Number of pages: 67 Posted: 30 Mar 2020 Last Revised: 26 Jun 2023
Anna Cieslak and Annette Vissing-Jorgensen
Duke University - Fuqua School of Business and Federal Reserve Board
Downloads 57 (630,466)

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4.

Information in the Term Structure of Yield Curve Volatility

Journal of Finance, Forthcoming
Number of pages: 53 Posted: 20 Aug 2009 Last Revised: 17 Jul 2015
Anna Cieslak and Pavol Povala
Duke University - Fuqua School of Business and Norges Bank Investment Management
Downloads 1,764 (17,165)
Citation 15

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yield curve, stochastic volatility

5.

Common Shocks in Stocks and Bonds

Number of pages: 90 Posted: 27 Jun 2019 Last Revised: 16 Nov 2020
Anna Cieslak and Hao Pang
Duke University - Fuqua School of Business and Duke University, Fuqua School of Business, Students
Downloads 1,359 (25,484)
Citation 4

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6.

Short-Rate Expectations and Unexpected Returns in Treasury Bonds

Review of Financial Studies, Forthcoming
Number of pages: 77 Posted: 28 Mar 2013 Last Revised: 04 May 2018
Anna Cieslak
Duke University - Fuqua School of Business
Downloads 1,267 (28,279)
Citation 41

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short-rate expectations, forecast errors, bond risk premia, real rate, predictability

7.

Inflation and Asset Returns

Downloads 913 (45,067)
Citation 7

Inflation and Asset Returns

Annual Review of Financial Economics, Vol. 15, pp. 433-448, 2023
Posted: 07 Nov 2023
Anna Cieslak, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy

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Inflation and Asset Returns

Number of pages: 23 Posted: 15 Nov 2022 Last Revised: 06 Mar 2023
Anna Cieslak, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 762 (56,807)

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inflation, risk premia, expectations

Inflation and Asset Returns

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2023-34
Number of pages: 25 Posted: 15 Mar 2023
Anna Cieslak, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 143 (346,119)

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Inflation and Asset Returns

NBER Working Paper No. w30982
Number of pages: 24 Posted: 13 Mar 2023 Last Revised: 05 Apr 2023
Anna Cieslak, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 8 (1,033,728)
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8.

Policymakers' Uncertainty

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Policymakers' Uncertainty

Number of pages: 74 Posted: 11 Oct 2021 Last Revised: 01 Nov 2023
Anna Cieslak, Stephen Hansen, Michael McMahon and Song Xiao
Duke University - Fuqua School of Business, University College London - Department of Economics, University of Oxford and London School of Economics & Political Science (LSE)
Downloads 900 (45,411)

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uncertainty, monetary policy, Federal Reserve

Policymakers' Uncertainty

NBER Working Paper No. w31849
Number of pages: 47 Posted: 13 Nov 2023
Anna Cieslak, Stephen Hansen, Michael McMahon and Song Xiao
Duke University - Fuqua School of Business, University College London - Department of Economics, University of Oxford and London School of Economics & Political Science (LSE)
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9.

Non-Monetary News in Central Bank Communication

Downloads 683 (66,558)
Citation 118

Non-Monetary News in Central Bank Communication

Number of pages: 80 Posted: 05 Aug 2019
Anna Cieslak and Andreas Schrimpf
Duke University - Fuqua School of Business and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 631 (72,685)
Citation 25

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central bank communication, monetary policy shocks, yield curve, stock-bond comovement, central bank information effects, risk premia

Non-Monetary News in Central Bank Communication

BIS Working Paper No. 761
Number of pages: 59 Posted: 07 Jan 2019
Anna Cieslak and Andreas Schrimpf
Duke University - Fuqua School of Business and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 33 (791,596)
Citation 13

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central bank communication, monetary policy shocks, yield curve, stock-bond comovement, central bank information effects, risk premia

Non-Monetary News in Central Bank Communication

NBER Working Paper No. w25032
Number of pages: 57 Posted: 17 Sep 2018 Last Revised: 26 May 2023
Anna Cieslak and Andreas Schrimpf
Duke University - Fuqua School of Business and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 19 (919,509)
Citation 17

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10.

Nominal Term Spread, Real Rate and Consumption Growth

Number of pages: 65 Posted: 04 Jan 2013 Last Revised: 13 Feb 2015
Anna Cieslak and Pavol Povala
Duke University - Fuqua School of Business and Norges Bank Investment Management
Downloads 507 (96,595)
Citation 2

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Real interest rate, term structure of interest rates, Euler equation, elasticity of intertemporal substitution

11.

Policy Announcement Design

Swiss Finance Institute Research Paper No. 20-17
Number of pages: 61 Posted: 08 Jan 2020 Last Revised: 06 Aug 2020
Anna Cieslak, Semyon Malamud and Andreas Schrimpf
Duke University - Fuqua School of Business, Ecole Polytechnique Federale de Lausanne and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 401 (127,402)
Citation 3

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Central Bank Announcements, Learning, Bayesian Persuasion, Information Design

12.

Tough Talk: The Fed and the Risk Premium

Number of pages: 55 Posted: 25 Sep 2023
Anna Cieslak and Michael McMahon
Duke University - Fuqua School of Business and University of Oxford
Downloads 274 (192,410)

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central bank communication, risk premia, Federal Reserve

13.

Optimal Transport of Information

Downloads 191 (270,266)

Optimal Transport of Information

Swiss Finance Institute Research Paper No. 21-15
Number of pages: 72 Posted: 23 Feb 2021 Last Revised: 08 Mar 2021
Semyon Malamud, Anna Cieslak and Andreas Schrimpf
Ecole Polytechnique Federale de Lausanne, Duke University - Fuqua School of Business and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 190 (271,119)

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Bayesian Persuasion, Information Design, Signalling, Optimal Transport

Optimal Transport of Information

CEPR Discussion Paper No. DP15859
Number of pages: 73 Posted: 01 Mar 2021 Last Revised: 15 Mar 2021
Anna Cieslak, Semyon Malamud and Andreas Schrimpf
Duke University - Fuqua School of Business, Ecole Polytechnique Federale de Lausanne and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 1 (1,091,946)
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14.

Inflation and Treasury Convenience

USC Marshall School of Business Research Paper Sponsored by iORB
Number of pages: 63 Posted: 23 Nov 2023
Anna Cieslak, Wenhao Li, Carolin E. Pflueger and Carolin E. Pflueger
Duke University - Fuqua School of Business, University of Southern California - Marshall School of Business and National Bureau of Economic Research (NBER)University of Chicago - Harris School of Public Policy
Downloads 61 (603,880)

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Treasury convenience, inflation, demand shocks, money view, New Keynesian models

15.

Common Shocks in Stocks and Bonds

Downloads 32 (777,734)
Citation 30

Common Shocks in Stocks and Bonds

NBER Working Paper No. w28184
Number of pages: 57 Posted: 05 Jul 2021 Last Revised: 06 Jul 2023
Anna Cieslak and Hao Pang
Duke University - Fuqua School of Business and Duke University, Fuqua School of Business, Students
Downloads 31 (808,051)
Citation 12

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Common Shocks in Stocks and Bonds

CEPR Discussion Paper No. DP14708
Number of pages: 75 Posted: 08 May 2020
Anna Cieslak and Hao Pang
Duke University - Fuqua School of Business and Duke University, Fuqua School of Business, Students
Downloads 1 (1,091,946)
Citation 21
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Federal Reserve, risk premia, stock-bond comovement

16.

The Economics of the Fed Put

CEPR Discussion Paper No. DP14685
Number of pages: 101 Posted: 08 May 2020
Anna Cieslak and Annette Vissing-Jorgensen
Duke University - Fuqua School of Business and Federal Reserve Board
Downloads 3 (1,033,221)
Citation 40
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Fed put, monetary policy, Stock market, Taylor rules, textual analysis