Jack Y Favilukis

University of British Columbia (UBC) - Division of Finance

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Vancouver, BC V6T 1Z2

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SCHOLARLY PAPERS

16

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CITATIONS
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79

Scholarly Papers (16)

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 New York University Stern School of Business, Department of Finance
Downloads 890 (20,547)
Citation 36

Abstract:

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
New York University Stern School of Business, Department of Finance, University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and affiliation not provided to SSRN
Downloads 48 (344,984)
Citation 36

Abstract:

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 New York University Stern School of Business, Department of Finance
Downloads 40 (372,178)
Citation 36

Abstract:

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 New York University Stern School of Business, Department of Finance
Downloads 35 (391,569)
Citation 36

Abstract:

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 New York University Stern School of Business, Department of Finance
Downloads 24 (444,179)
Citation 36

Abstract:

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 Ohio State University (OSU) - Fisher College of Business
Downloads 486 (47,007)
Citation 3

Abstract:

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
Ohio State University (OSU) - Fisher College of Business and University of British Columbia (UBC) - Division of Finance
Downloads 48 (344,984)
Citation 3

Abstract:

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

Out-of-Town Home Buyers and City Welfare

Number of pages: 60 Posted: 24 Feb 2017 Last Revised: 02 Aug 2017
Jack Y Favilukis and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance and New York University Stern School of Business, Department of Finance
Downloads 417 (61,597)

Abstract:

Dynamic Spatial Equilibrium, House Prices, Foreign Investors, Affordable Housing, Gentrification, Housing Taxation

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 New York University Stern School of Business, Department of Finance
Downloads 1
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Abstract:

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

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 111 (210,963)
Citation 13

Abstract:

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 40 (372,178)
Citation 13

Abstract:

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 33 (399,865)
Citation 13

Abstract:

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 14 (502,300)
Citation 13

Abstract:

5.

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 Ohio State University (OSU) - Fisher College of Business
Downloads 169 (136,569)
Citation 8

Abstract:

Micro Frictons, Asset Pricing, General Equilibrium

6.

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 Ohio State University (OSU) - Fisher College of Business
Downloads 155 (93,001)

Abstract:

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

7.

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 Ohio State University (OSU) - Fisher College of Business
Downloads 131 (163,038)
Citation 3

Abstract:

Equity Volatility, Equity Premium, Return Predictability, Wage Rigidity, Long Run Risk, 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 114 (170,570)
Citation 10

Abstract:

Inequality, Limited Participation, Equity Premium

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 New York University Stern School of Business, Department of Finance
Downloads 93 (238,943)

Abstract:

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 New York University Stern School of Business, Department of Finance
Downloads 4 (557,135)

Abstract:

10.

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 Ohio State University (OSU) - Fisher College of Business
Downloads 84 (186,217)

Abstract:

Nonlinearities, Investment, History Dependence, Heteroscedasticity

11.

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

Fisher College of Business Working Paper No. 2015-03-17, Charles A. Dice Center Working Paper No. 2015-17
Number of pages: 67 Posted: 15 Jun 2016 Last Revised: 31 Jan 2017
Jack Y Favilukis, Xiaoji Lin and Xiaofei Zhao
University of British Columbia (UBC) - Division of Finance, Ohio State University (OSU) - Fisher College of Business and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 40 (112,480)

Abstract:

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

12.

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 27 (244,083)

Abstract:

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

13.

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 24 (426,005)

Abstract:

14.

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 New York University Stern School of Business, Department of Finance
Downloads 18 (462,221)
Citation 6

Abstract:

15.

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 British Columbia, Sauder School of Business
Downloads 0 (358,093)

Abstract:

Demographics, Interest Rates, Bank Competition

16.

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 0 (283,971)

Abstract:

Tax-Loss Carry Forward, Equity Returns