Stavros Panageas

University of California, Los Angeles (UCLA) - Finance Area

Los Angeles, CA 90095-1481

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

25

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6,665

SSRN CITATIONS
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Top 2,463

in Total Papers Citations

188

CROSSREF CITATIONS

252

Scholarly Papers (25)

1.

The Neoclassical Theory of Investment in Speculative Markets

Number of pages: 57 Posted: 09 May 2005
Stavros Panageas
University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,310 (14,921)
Citation 36

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Investment, q-theory, speculation, short sales constraints, heterogenous beliefs, bubbles, mispricing

High-Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice

Number of pages: 49 Posted: 12 Nov 2004
Mark M. Westerfield and Stavros Panageas
University of Washington and University of California, Los Angeles (UCLA) - Finance Area
Downloads 1,037 (20,806)
Citation 15

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Performance Evaluation, Hedge funds, Option-Type Compensation, High-Water Marks, Continuous Time

High-Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice

Journal of Finance, February 2009
Number of pages: 49 Posted: 17 Dec 2008
Stavros Panageas and Mark M. Westerfield
University of California, Los Angeles (UCLA) - Finance Area and University of Washington
Downloads 194 (160,882)
Citation 4

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Performance evaluation, Hedge funds, Option-type compensation, High-water marks, Continuous time

3.

The Real Effects of Stock Market Mispricing at the Aggregate: Theory and Empirical Evidence

Number of pages: 55 Posted: 09 May 2005
Emmanuel Farhi and Stavros Panageas
Harvard University - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 760 (32,998)
Citation 12

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Mispricing, Efficiency, Real Effects of Stock market bubbles, Investment, Investor Sentiment

4.

Saving and Investing for Early Retirement: A Theoretical Analysis

Number of pages: 68 Posted: 02 Aug 2004
Emmanuel Farhi and Stavros Panageas
Harvard University - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 604 (45,018)
Citation 27

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Retirement, Portfolio Choice, Marginal Propensity to Consume, Indivisible Labor

5.
Downloads 354 ( 86,573)
Citation 22

Technological Growth and Asset Pricing

Journal of Finance, Forthcoming
Number of pages: 43 Posted: 07 Dec 2006 Last Revised: 17 May 2012
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of California, Los Angeles (UCLA) - Finance Area and Tsinghua University - PBC School of Finance
Downloads 320 (96,376)
Citation 23

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Production-based asset pricing, continuous-time methods, macro-finance, growth options, irreversible investment, technology adoption, vintage models

Technological Growth and Asset Pricing

NBER Working Paper No. w15340
Number of pages: 58 Posted: 15 Sep 2009 Last Revised: 13 Oct 2009
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of California, Los Angeles (UCLA) - Finance Area and Tsinghua University - PBC School of Finance
Downloads 34 (473,659)

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Bailouts, the Incentive to Manage Risk, and Financial Crises

Number of pages: 53 Posted: 19 Nov 2006 Last Revised: 02 Oct 2008
Stavros Panageas
University of California, Los Angeles (UCLA) - Finance Area
Downloads 259 (120,946)
Citation 6

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Option Pricing, Continuous time stochastic optimization, Implicit Guarantees, Default, Bailouts, Financial Crises

Bailouts, the Incentive to Manage Risk, and Financial Crises

NBER Working Paper No. w15058
Number of pages: 54 Posted: 08 Jun 2009 Last Revised: 25 Aug 2010
Stavros Panageas
University of California, Los Angeles (UCLA) - Finance Area
Downloads 30 (494,204)

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7.
Downloads 277 (113,317)
Citation 2

The Demographics of Innovation and Asset Returns

MFI Working Paper No. 2009-08
Number of pages: 52 Posted: 08 Jan 2010 Last Revised: 20 Dec 2013
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 134 (221,428)
Citation 1

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The Demographics of Innovation and Asset Returns

Number of pages: 52 Posted: 22 Oct 2009 Last Revised: 29 Mar 2011
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 108 (260,304)

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Asset Pricing, Equity Premium, Value Premium, Intergenerational Risk, Innovation, Displacement Risk

The Demographics of Innovation and Asset Returns

NBER Working Paper No. w15457
Number of pages: 52 Posted: 03 Nov 2009 Last Revised: 27 Sep 2010
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 35 (468,850)

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A Quantitative Model of Sudden Stops and External Liquidity Management

MIT Department of Economics Working Paper No. 05-10
Number of pages: 51 Posted: 12 Apr 2005
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 216 (145,209)

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Capital flows, sudden stops, reserves, international liquidity and liability management, specialists, world capital markets, swaps, insurance, hedging, options, hidden states, Bayesian methods

A Quantitative Model of Sudden Stops and External Liquidity Management

NBER Working Paper No. w11293
Number of pages: 51 Posted: 06 Jun 2005
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 39 (450,712)

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9.

Displacement Risk and Asset Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 50 Posted: 30 Jul 2011
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 244 (129,244)
Citation 10

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consumption-based asset pricing, displacement risk, value premium, equity premium, incomplete markets

10.
Downloads 210 (149,485)
Citation 5

Contingent Reserves Management: An Applied Framework

MIT Department of Economics Working Paper No. 04-32
Number of pages: 26 Posted: 24 Sep 2004
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 163 (187,925)

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Sudden stops, reserves, portfolio, VIX, hedging, options, futures.

Contingent Reserves Management: An Applied Framework

NBER Working Paper No. w10786
Number of pages: 26 Posted: 05 Oct 2004 Last Revised: 03 Jul 2010
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 47 (417,653)

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Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion

Chicago Booth Research Paper No. 15-29, Fama-Miller Working Paper
Number of pages: 69 Posted: 20 Aug 2013 Last Revised: 09 Oct 2015
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of California, Los Angeles (UCLA) - Finance Area and Tsinghua University - PBC School of Finance
Downloads 180 (172,274)

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Financial frictions, Market fragmentation, Leverage, Crashes, Contagion

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion

NBER Working Paper No. w19381
Number of pages: 62 Posted: 30 Aug 2013
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of California, Los Angeles (UCLA) - Finance Area and Tsinghua University - PBC School of Finance
Downloads 10 (625,206)
Citation 3

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12.

A Global Equilibrium Model of Sudden Stops and External Liquidity Management

MIT Department of Economics Working Paper No. 08-05
Number of pages: 54 Posted: 20 Mar 2008
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 183 (169,706)
Citation 14

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Capital flows, sudden stops, reserves, international liquidity management, world, capital markets, swaps, insurance, hedging, options, hidden states, Bayesian methods

13.

Hedging Sudden Stops & Precautionary Contractions

MIT Department of Economics Working Paper No. 03-19
Number of pages: 59 Posted: 09 Jun 2003
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 153 (198,109)
Citation 31

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Capital flows, sudden stops, financial constraints, contractions, hedging, insurance, signals

14.

Young, Old, Conservative, and Bold: The Implications of Heterogeneity and Finite Lives for Asset Pricing

Fama-Miller Working Paper , Chicago Booth Research Paper No. 15-36
Number of pages: 38 Posted: 15 Aug 2015
Nicolae Garleanu and Stavros Panageas
University of California, Berkeley - Haas School of Business and University of California, Los Angeles (UCLA) - Finance Area
Downloads 150 (201,385)
Citation 59

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Pension Design in the Presence of Systemic Risk

Number of pages: 59 Posted: 04 Mar 2010 Last Revised: 30 Dec 2010
Stavros Panageas
University of California, Los Angeles (UCLA) - Finance Area
Downloads 105 (265,589)

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Continuous Time Optimization, Life Cycle Savings And Portfolio Choice, Ricardian Equivalence, Borrowing Constraints, Optimal Contracts

Optimal Retirement Benefit Guarantees

NBER Working Paper No. w15805
Number of pages: 53 Posted: 15 Mar 2010 Last Revised: 09 Sep 2010
Stavros Panageas
University of California, Los Angeles (UCLA) - Finance Area
Downloads 12 (610,945)

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16.

Impediments to Financial Trade: Theory and Measurement

Fama-Miller Working Paper, Chicago Booth Research Paper No. 15-35
Number of pages: 64 Posted: 15 Aug 2015
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of California, Los Angeles (UCLA) - Finance Area and Tsinghua University - PBC School of Finance
Downloads 95 (282,356)

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Financial frictions, Asset Pricing, Inefficient Markets, Performance Evaluation, Crossborder

17.

Pension Design in the Presence of Systemic Risk

Fama-Miller Working Paper, Chicago Booth Research Paper No. 15-37
Number of pages: 63 Posted: 19 Aug 2015
Stavros Panageas
University of California, Los Angeles (UCLA) - Finance Area
Downloads 51 (396,288)
Citation 1

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Continuous time optimization, Life Cycle savings and portfolio choice, Portfolio insurance, Ricardian Equivalence, Borrowing constraints

18.

Optimal Inattention to the Stock Market with Information Costs and Transactions Costs

NBER Working Paper No. w15010
Number of pages: 41 Posted: 01 Jun 2009 Last Revised: 08 Jul 2010
Andrew B. Abel, Janice C. Eberly and Stavros Panageas
University of Pennsylvania - Finance Department, Northwestern University - Kellogg School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 47 (410,141)
Citation 6

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19.

Hedging Sudden Stops and Precautionary Contractions

NBER Working Paper No. w9778
Number of pages: 59 Posted: 20 Jul 2006 Last Revised: 04 Nov 2010
Ricardo J. Caballero and Stavros Panageas
Massachusetts Institute of Technology (MIT) - Department of Economics and University of California, Los Angeles (UCLA) - Finance Area
Downloads 35 (458,030)
Citation 1

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20.

What to Expect When Everyone is Expecting: Self-Fulfilling Expectations and Asset-Pricing Puzzles

Number of pages: 46 Posted: 13 Dec 2019
Nicolae Garleanu and Stavros Panageas
University of California, Berkeley - Haas School of Business and University of California, Los Angeles (UCLA) - Finance Area
Downloads 30 (481,385)

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asset pricing, self-fulfilling expectations, sunspot equilibria, equity premium puzzle, excess volatility puzzle, inequality

21.

The Implications of Heterogeneity and Inequality for Asset Pricing

Number of pages: 69 Posted: 13 Dec 2019
Stavros Panageas
University of California, Los Angeles (UCLA) - Finance Area
Downloads 27 (496,791)

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Heterogeneous Agents, Heterogeneous preferences, Heterogeneous beliefs, Financial constraints, Incomplete Markets, Overlapping generations

Heterogeneity and Asset Prices: A Different Approach

Number of pages: 61 Posted: 13 Dec 2019
Nicolae Garleanu and Stavros Panageas
University of California, Berkeley - Haas School of Business and University of California, Los Angeles (UCLA) - Finance Area
Downloads 22 (542,773)

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asset pricing, heterogeneity, imperfect risk sharing, overlapping generations

Heterogeneity and Asset Prices: A Different Approach

NBER Working Paper No. w26607
Number of pages: 62 Posted: 06 Jan 2020
Nicolae Garleanu and Stavros Panageas
University of California, Berkeley - Haas School of Business and University of California, Los Angeles (UCLA) - Finance Area
Downloads 4 (669,522)
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23.

Optimal Taxation in the Presence of Bailouts

NBER Working Paper No. w15405
Number of pages: 36 Posted: 13 Oct 2009 Last Revised: 06 Aug 2010
Stavros Panageas
University of California, Los Angeles (UCLA) - Finance Area
Downloads 13 (580,379)

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24.

Impediments to Financial Trade: Theory and Applications

NBER Working Paper No. w22697
Number of pages: 45 Posted: 03 Oct 2016
Nicolae Garleanu, Stavros Panageas and Jianfeng Yu
University of California, Berkeley - Haas School of Business, University of California, Los Angeles (UCLA) - Finance Area and Tsinghua University - PBC School of Finance
Downloads 12 (586,994)
Citation 1

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25.

Precautionary Saving in a Financially-Constrained Firm

NBER Working Paper No. w26628
Number of pages: 51 Posted: 13 Jan 2020
Andrew B. Abel and Stavros Panageas
University of Pennsylvania - Finance Department and University of California, Los Angeles (UCLA) - Finance Area
Downloads 2 (686,947)
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Other Papers (1)

Total Downloads: 0
1.

The Demographics of Innovation and Asset Returns

Posted: 17 Aug 2008
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area

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