Jack Y Favilukis

University of British Columbia (UBC) - Division of Finance

2053 Main Mall

Vancouver, BC V6T 1Z2

Canada

SCHOLARLY PAPERS

17

DOWNLOADS
Rank 8,593

SSRN RANKINGS

Top 8,593

in Total Papers Downloads

5,188

CITATIONS
Rank 6,283

SSRN RANKINGS

Top 6,283

in Total Papers Citations

79

Scholarly Papers (17)

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

Journal of Political Economy, Forthcoming
Number of pages: 114 Posted: 10 May 2010 Last Revised: 07 Oct 2015
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 992 (20,942)
Citation 36

Abstract:

Loading...

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

NYU Working Paper No. 2451/31429
Number of pages: 72 Posted: 13 Jan 2012
Columbia University Graduate School of Business, University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and affiliation not provided to SSRN
Downloads 53 (375,999)
Citation 36

Abstract:

Loading...

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

NBER Working Paper No. w15988
Number of pages: 96 Posted: 17 May 2010 Last Revised: 18 May 2015
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 44 (407,811)
Citation 36

Abstract:

Loading...

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

NYU Working Paper No. 2451/31429
Number of pages: 72 Posted: 16 Nov 2010
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 37 (436,305)
Citation 36

Abstract:

Loading...

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

NYU Working Paper No. 2451/31429
Number of pages: 72 Posted: 22 Nov 2010
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 27 (484,679)
Citation 36

Abstract:

Loading...

Out-of-Town Home Buyers and City Welfare

Number of pages: 51 Posted: 24 Feb 2017 Last Revised: 08 Oct 2018
Jack Y Favilukis and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance and Columbia University Graduate School of Business
Downloads 875 (25,186)

Abstract:

Loading...

house prices, foreign investors, property taxes

Out-of-Town Home Buyers and City Welfare

CEPR Discussion Paper No. DP12283
Number of pages: 63 Posted: 11 Sep 2017
Jack Y Favilukis and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance and Columbia University Graduate School of Business
Downloads 3 (640,543)
  • Add to Cart

Abstract:

Loading...

affordable housing, Dynamic spatial equilibrium, foreign investors, Gentrification, House Prices, property taxes

Wage Rigidity: A Quantitative Solution to Several Asset Pricing Puzzles

Charles A. Dice Center Working Paper No. 2012-16, Fisher College of Business Working Paper No. 2012-03-016
Number of pages: 65 Posted: 05 Sep 2012 Last Revised: 26 May 2015
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 537 (48,739)
Citation 3

Abstract:

Loading...

Wage Rigidity, Equity Volatility, Equity Premium, General Equilibrium, Production-Based Asset Pricing, Value Premium

Wage Rigidity: A Solution to Several Asset Pricing Puzzles

Number of pages: 47 Posted: 18 Mar 2012 Last Revised: 16 Sep 2012
Xiaoji Lin and Jack Y Favilukis
University of Minnesota and University of British Columbia (UBC) - Division of Finance
Downloads 52 (379,284)
Citation 3

Abstract:

Loading...

general equilibrium, heterogeneous firms, equity premium, value premium, return volatility, wage rigidities, return predictability

4.

The Elephant in the Room: The Impact of Labor Obligations on Credit Markets

Number of pages: 107 Posted: 15 Jun 2016 Last Revised: 23 Apr 2019
Jack Y Favilukis, Xiaoji Lin and Xiaofei Zhao
University of British Columbia (UBC) - Division of Finance, University of Minnesota and Georgetown University - Robert Emmett McDonough School of Business
Downloads 380 (75,399)

Abstract:

Loading...

Wage rigidity, long-term debt, credit risk, labor market frictions, labor leverage, financial leverage, wage growth, labor share

5.

Does Wage Rigidity Make Firms Riskier? Evidence from Long-Horizon Return Predictability

Charles A. Dice Center Working Paper No. 2012-19, Fisher College of Business Working Paper No. 2012-03-019
Number of pages: 36 Posted: 08 Oct 2012 Last Revised: 17 Dec 2015
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 313 (94,069)

Abstract:

Loading...

Wage Rigidity, Equity Risk, Long Run Return Predictability, Cross Section of Asset Pricing

An Estimation of Economic Models with Recursive Preferences

Number of pages: 56 Posted: 14 Mar 2008
Xiaohong Chen, Jack Y Favilukis and Sydney C. Ludvigson
Yale University - Cowles Foundation, University of British Columbia (UBC) - Division of Finance and New York University - Department of Economics
Downloads 113 (239,454)
Citation 13

Abstract:

Loading...

An Estimation of Economic Models with Recursive Preferences

Cowles Foundation Discussion Paper No. 1883
Number of pages: 59 Posted: 15 Dec 2012
Xiaohong Chen, Jack Y Favilukis and Sydney C. Ludvigson
Yale University - Cowles Foundation, University of British Columbia (UBC) - Division of Finance and New York University - Department of Economics
Downloads 42 (415,578)
Citation 13

Abstract:

Loading...

An Estimation of Economic Models with Recursive Preferences

Number of pages: 61 Posted: 10 Jun 2011
Xiaohong Chen, Jack Y Favilukis and Sydney C. Ludvigson
Yale University - Cowles Foundation, University of British Columbia (UBC) - Division of Finance and New York University - Department of Economics
Downloads 34 (449,402)
Citation 13

Abstract:

Loading...

non-expected utility, recursive utility

An Estimation of Economic Models with Recursive Preferences

NBER Working Paper No. w17130
Number of pages: 61 Posted: 20 Jun 2011
Xiaohong Chen, Jack Y Favilukis and Sydney C. Ludvigson
Yale University - Cowles Foundation, University of British Columbia (UBC) - Division of Finance and New York University - Department of Economics
Downloads 15 (558,919)
Citation 13

Abstract:

Loading...

7.

Micro Frictions, Asset Pricing, and Aggregate Implications

Number of pages: 39 Posted: 22 Nov 2010 Last Revised: 26 Nov 2011
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 195 (151,943)
Citation 8

Abstract:

Loading...

Micro Frictons, Asset Pricing, General Equilibrium

8.

Wealth Inequality, Stock Market Participation, and the Equity Premium

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 05 Nov 2012
Jack Y Favilukis
University of British Columbia (UBC) - Division of Finance
Downloads 166 (175,522)
Citation 10

Abstract:

Loading...

Inequality, Limited Participation, Equity Premium

9.

Long Run Productivity Risk and Aggregate Investment

Fisher College of Business Working Paper No. 2012-03-014, Charles A. Dice Center Working Paper No. 2012-14
Number of pages: 63 Posted: 03 Aug 2012 Last Revised: 27 Mar 2013
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 157 (183,975)

Abstract:

Loading...

Nonlinearities, Investment, History Dependence, Heteroscedasticity

10.

Wage Rigidity: A Solution to Several Asset Pricing Puzzles

Number of pages: 47 Posted: 17 Mar 2011 Last Revised: 16 Sep 2012
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 155 (185,922)
Citation 3

Abstract:

Loading...

Equity Volatility, Equity Premium, Return Predictability, Wage Rigidity, Long Run Risk, General Equilibrium

11.

The Carry Trade and Uncovered Interest Parity When Markets Are Incomplete

Number of pages: 60 Posted: 23 May 2015 Last Revised: 29 May 2015
Jack Y Favilukis, Lorenzo Garlappi and Sajjad Neamati
University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Division of Finance
Downloads 129 (215,848)

Abstract:

Loading...

uncovered interest parity, carry trade, incomplete markets, non-traded goods, Backus-Smith puzzle, Balassa-Samuelson effect, sovereign default

Foreign Ownership of U.S. Safe Assets: Good or Bad?

NYU Working Paper No. 2451/31435
Number of pages: 70 Posted: 13 Jan 2012 Last Revised: 10 Feb 2014
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 121 (227,447)

Abstract:

Loading...

international capital flows, international risk sharing, foreign purchases of safe assets

Foreign Ownership of U.S. Safe Assets: Good or Bad?

NBER Working Paper No. w19917
Number of pages: 62 Posted: 24 Feb 2014
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 5 (624,958)

Abstract:

Loading...

13.

Tax-Loss Carry Forwards and Returns

Number of pages: 24 Posted: 21 Jul 2016 Last Revised: 28 Mar 2017
Jack Y Favilukis, Ron Giammarino and Jose Pizarro
University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 106 (249,214)

Abstract:

Loading...

Tax-Loss Carry Forward, Equity Returns

14.

Are Demographics Responsible for the Declining Interest Rates? Evidence from U.S. Metropolitan Areas

Number of pages: 41 Posted: 05 Jan 2017
Jack Y Favilukis and Jinfei Sheng
University of British Columbia (UBC) - Division of Finance and University of California, Irvine - Paul Merage School of Business
Downloads 86 (285,623)

Abstract:

Loading...

Demographics, Interest Rates, Bank Competition

15.

Reconciling Increasing Wealth Inequality with Increasing Market Participation and a Decreasing Equity Premium

NYU Working Paper No. FIN-06-006
Number of pages: 26 Posted: 03 Nov 2008
Jack Y Favilukis
University of British Columbia (UBC) - Division of Finance
Downloads 26 (476,543)

Abstract:

Loading...

16.

International Capital Flows and House Prices: Theory and Evidence

NBER Working Paper No. w17751
Number of pages: 64 Posted: 14 Jan 2012
University of British Columbia (UBC) - Division of Finance, Pontificia Universidad Catolica de Chile, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 18 (521,099)
Citation 6

Abstract:

Loading...

17.

Affordable Housing and City Welfare

Columbia Business School Research Paper No. 18-77
Number of pages: 81 Posted: 07 Nov 2018
Jack Y Favilukis, Pierre Mabille and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, New York University (NYU) - Leonard N. Stern School of Business and Columbia University Graduate School of Business
Downloads 507

Abstract:

Loading...

Dynamic Spatial Equilibrium, House Prices, Affordable Housing, Rent Control, Zoning, Gentrification, Real Estate Development, New York, Housing Vouchers, Tax Credits, LIHTC