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

SCHOLARLY PAPERS

16

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16,669

SSRN CITATIONS
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SSRN RANKINGS

Top 1,879

in Total Papers Citations

767

CROSSREF CITATIONS

70

Scholarly Papers (16)

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
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.
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.
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
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
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
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
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.
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Policymakers' Uncertainty

Number of pages: 74 Posted: 11 Oct 2021 Last Revised: 01 Nov 2023
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
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.
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.
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
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.
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