Asaf Bernstein

University of Colorado at Boulder

Assistant Professor of Finance

Campus Box 419

Boulder, CO 80309

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • University of Colorado at Boulder

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

12

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7,939

SSRN CITATIONS
Rank 5,177

SSRN RANKINGS

Top 5,177

in Total Papers Citations

307

CROSSREF CITATIONS

18

Scholarly Papers (12)

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1.

Disaster on the Horizon: The Price Effect of Sea Level Rise

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 21 Nov 2017 Last Revised: 26 Jul 2018
Asaf Bernstein, Matthew Gustafson and Ryan Lewis
University of Colorado at Boulder, Pennsylvania State University - Smeal College of Business and University of Colorado, Boulder
Downloads 4,423 (3,902)
Citation 211

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Climate Change, Asset Prices, Beliefs, Sea Level Rise, Real Estate

2.

Financial Disruptions and the Organization of Innovation: Evidence from the Great Depression

Downloads 1,540 (21,214)
Citation 10

Financial Disruptions and the Organization of Innovation: Evidence from the Great Depression

Number of pages: 81 Posted: 28 Apr 2020 Last Revised: 14 Oct 2022
Tania Babina, Asaf Bernstein and Filippo Mezzanotti
Columbia University - Columbia Business School, Finance, University of Colorado at Boulder and Kellogg School of Management - Department of Finance
Downloads 1,516 (21,398)
Citation 9

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Great Depression, Crises, Innovation, Independent Inventors, Technological Entrepreneurship, Startups, Firm Boundaries, Organization of Innovation

Crisis Innovation

NBER Working Paper No. w27851
Number of pages: 60 Posted: 28 Sep 2020 Last Revised: 26 Sep 2022
Tania Babina, Asaf Bernstein and Filippo Mezzanotti
Columbia University - Columbia Business School, Finance, University of Colorado at Boulder and Kellogg School of Management - Department of Finance
Downloads 24 (872,523)
Citation 1

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3.

The Marginal Value of Public Pension Wealth: Evidence From Border House Prices

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 71 Posted: 09 Mar 2021 Last Revised: 22 Sep 2023
Darren Aiello, Asaf Bernstein, Mahyar Kargar, Ryan Lewis and Michael Schwert
Brigham Young University, University of Colorado at Boulder, University of Illinois at Urbana-Champaign, University of Colorado, Boulder and AQR Arbitrage, LLC
Downloads 344 (151,362)

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Public finance, pensions, house prices

4.

Negative Home Equity and Household Labor Supply

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 14 Dec 2015 Last Revised: 06 Jan 2021
Asaf Bernstein
University of Colorado at Boulder
Downloads 340 (153,678)
Citation 17

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debt overhang, housing lock, labor supply, household income, household finance, mortgage modifications, negative equity, home equity

5.

Can a Lender-of-Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed

Downloads 329 (158,755)
Citation 11

Can a Lender-of-Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed

Robert Day School of Economics and Finance Research Paper No. 2008-9
Number of pages: 40 Posted: 13 Oct 2008
Asaf Bernstein, Eric N. Hughson and Marc Weidenmier
University of Colorado at Boulder, Claremont McKenna College - Robert Day School of Economics and Finance and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 281 (186,227)
Citation 2

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Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed

NBER Working Paper No. w14422
Number of pages: 43 Posted: 23 Oct 2008 Last Revised: 28 Nov 2022
Asaf Bernstein, Eric N. Hughson and Marc Weidenmier
University of Colorado at Boulder, Claremont McKenna College - Robert Day School of Economics and Finance and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 48 (685,458)
Citation 10

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6.

The Mortgage Piggy Bank: Building Wealth through Amortization

Downloads 262 (200,926)
Citation 2

The Mortgage Piggy Bank: Building Wealth through Amortization

Stanford University Graduate School of Business Research Paper No. 3569252
Number of pages: 70 Posted: 30 Apr 2020 Last Revised: 15 May 2023
Asaf Bernstein and Peter Koudijs
University of Colorado at Boulder and Erasmus University Rotterdam
Downloads 249 (210,440)
Citation 3

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Mortgage, Amortization, Wealth, Fungibility, Homeownership, Macroprudential policies

The Mortgage Piggy Bank: Building Wealth Through Amortization

NBER Working Paper No. w28574
Number of pages: 71 Posted: 22 Mar 2021 Last Revised: 28 Jan 2023
Asaf Bernstein and Peter Koudijs
University of Colorado at Boulder and Erasmus University Rotterdam
Downloads 13 (984,990)

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7.

Partisan Residential Sorting on Climate Change Risk

Downloads 239 (220,824)
Citation 20

Partisan Residential Sorting on Climate Change Risk

Number of pages: 71 Posted: 11 Dec 2020 Last Revised: 26 Oct 2021
Asaf Bernstein, Stephen B. Billings, Matthew Gustafson and Ryan Lewis
University of Colorado at Boulder, University of Colorado - Boulder, Pennsylvania State University - Smeal College of Business and University of Colorado, Boulder
Downloads 213 (245,805)
Citation 2

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residential sorting, climate change, sea level rise, real estate, politics

Partisan Residential Sorting on Climate Change Risk

NBER Working Paper No. w27989
Number of pages: 72 Posted: 27 Oct 2020 Last Revised: 24 Jun 2023
Asaf Bernstein, Stephen B. Billings, Matthew Gustafson and Ryan Lewis
University of Colorado at Boulder, University of Colorado - Boulder, Pennsylvania State University - Smeal College of Business and University of Colorado, Boulder
Downloads 26 (854,067)
Citation 18

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8.

Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse

Downloads 205 (254,191)
Citation 8

Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse

Number of pages: 49 Posted: 21 Jan 2014 Last Revised: 13 Aug 2014
Asaf Bernstein, Eric N. Hughson and Marc Weidenmier
University of Colorado at Boulder, Claremont McKenna College - Robert Day School of Economics and Finance and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 113 (415,791)
Citation 3

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counterparty risk, central clearing, clearinghouse, contagion, netting

Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse

Finance Down Under 2015 Building on the Best from the Cellars of Finance Paper
Number of pages: 49 Posted: 18 Aug 2014
Asaf Bernstein, Eric N. Hughson and Marc Weidenmier
University of Colorado at Boulder, Claremont McKenna College - Robert Day School of Economics and Finance and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 57 (632,441)

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counterparty risk, central clearing, clearinghouse, contagion, netting

Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse

NBER Working Paper No. w20459
Number of pages: 50 Posted: 08 Sep 2014 Last Revised: 28 May 2023
Asaf Bernstein, Eric N. Hughson and Marc Weidenmier
University of Colorado at Boulder, Claremont McKenna College - Robert Day School of Economics and Finance and Claremont McKenna College - Robert Day School of Economics and Finance
Downloads 35 (777,878)
Citation 4

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9.

Housing Lock: Dutch Evidence on the Impact of Negative Home Equity on Household Mobility

Number of pages: 55 Posted: 26 Dec 2017
Asaf Bernstein and Daan Struyven
University of Colorado at Boulder and Goldman Sachs
Downloads 159 (317,562)
Citation 8

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housing lock, mobility, home equity, negative equity, household debt

10.

The Costs of Curbing Speculation: Evidence from the Establishment of 'Investment Grade'

Number of pages: 44 Posted: 14 Dec 2015 Last Revised: 07 May 2019
Asaf Bernstein
University of Colorado at Boulder
Downloads 80 (518,993)

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Economic history, corporate finance, bank regulation, credit ratings, speculation, agency costs, financing constraints

11.

The Marginal Value of Public Pension Wealth: Evidence from Border House Prices

NBER Working Paper No. w29405
Number of pages: 72 Posted: 25 Oct 2021 Last Revised: 07 May 2023
Darren Aiello, Asaf Bernstein, Mahyar Kargar, Ryan Lewis and Michael Schwert
Brigham Young University, University of Colorado at Boulder, University of Illinois at Urbana-Champaign, University of Colorado, Boulder and AQR Arbitrage, LLC
Downloads 11 (970,973)
Citation 1

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12.

The Value of Ratings: Evidence from Their Introduction in Securities Markets

NBER Working Paper No. w31064
Number of pages: 62 Posted: 27 Mar 2023 Last Revised: 19 May 2023
Asaf Bernstein, Carola Frydman and Eric Hilt
University of Colorado at Boulder, Northwestern University and National Bureau of Economic Research (NBER)
Downloads 7 (1,006,270)
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