The Trade Imbalance Network and Currency Returns

Ai Jun Hou¹, Lucio Sarno², Xiaoxia Ye³

1: Stockholm University, Sweden; 2: University of Cambridge, UK; 3: University of Exeter, UK

Global Bank Lending and Exchange Rates

Jonas Becker^1,4, Maik Schmeling^1,2, Andreas Schrimpf^3,2

1: Goethe University Frankfurt, Germany; 2: CEPR; 3: Bank for International Settlements; 4: Quoniam Asset Management

Monetary Policy Transmission through the Exchange Rate Factor Structure

Erik Loualiche², Alexandre Pecora³, Fabricius Somogyi¹, Colin Ward⁴

1: Northeastern University, USA; 2: University of Minnesota, USA; 3: Virginia Tech, USA; 4: University of Alberta

The Asset Durability Premium

Dun Calvin Jia¹, Kai Li¹, Chi-Yang Tsou²

1: Peking University HSBC Business School; 2: Alliance Manchester Business School, University of Manchester

The Cross-Section of Corporate Bond Returns

Guido Baltussen^1,2, Frederik Muskens^1,3, Patrick Verwijmeren^1,4

1: Erasmus University Rotterdam, Netherlands, The; 2: Northern trust Asset Management – Quantitative Strategies; 3: Robeco Quant Fixed Income; 4: University of Melbourne

Seeing is Believing: Annual Report Enhanced Visuals and Stock Returns

Wesley Deng¹, Lei Gao², Bo Hu², Guofu Zhou³

1: University of New South Wales; 2: George Mason University; 3: Washington University in St. Louis

Valuation Duration of the Stock Market

Li Ye^2,3, Chen Wang¹

1: University of Notre Dame; 2: The Wharton School, University of Pennsylvania; 3: University of Washington

Volatile Earnings

Sebastian Hillenbrand¹, Odhrain McCarthy²

1: Harvard Business School, United States of America; 2: New York University

The Making of Momentum: A Demand-System Perspective

Paul Huebner

Stockholm School of Economics, Sweden

The Implications of CIP Deviations for International Capital Flows

Christian Kubitza², Jean-David Sigaux², Quentin Vandeweyer¹

1: University of Chicago: Booth, United States of America; 2: European Central Bank

Which Exchange Rate Matters to Global Investors?

Kristy Jansen^1,3, Hyun Song Shin², Goetz von Peter²

1: Marshall School of Business, University of Southern California, United States of America; 2: Bank for International Settlements; 3: De Nederlandsche Bank

Inelastic Financial Markets and Foreign Exchange Interventions

Chang He¹, Paula Beltran²

1: UCLA, United States of America; 2: IMF, United States of America

Crash Narratives

Dasol Kim¹, William Goetzmann², Robert Shiller²

1: Office of Financial Research, United States of America; 2: Yale University

Eliciting Expectations

Samuel Hartzmark¹, Abigail Sussman²

1: Boston College; 2: University of Chicago Booth School of Business, United States of America

Earnings Extrapolation and Predictable Stock Market Returns

Hongye Guo

University of Hong Kong, Hong Kong S.A.R. (China)

Corporate Bond Multipliers: Substitutes Matter

Jian Li¹, Manav Chaudhary², Zhiyu Fu²

1: Columbia University, United States of America; 2: University of Chicago, Booth School of Business

The Market for Inflation Risk

Saleem Bahaj^1,2, Robert Czech², Sitong Ding³, Ricardo Reis³

1: University College London; 2: Bank of England; 3: London School of Economics and Political Science

On the Estimation of Demand-Based Asset Pricing Models

Philippe van der Beck

Harvard Business School, United States of America

Disagreement of Disagreement

Christian Goulding¹, Campbell Harvey^2,3, Hrvoje Kurtović⁴

1: Auburn University; 2: Duke University; 3: NBER; 4: HEC Lausanne

Intangibles Investment and Asset Quality

Ravi Jagannathan, Robert A. Korajczyk, Kai Wang

Northwestern University, United States of America

Analysts Are Good at Ranking Stocks

Adam Farago, Erik Hjalmarsson, Ming Zeng

University of Gothenburg, Sweden

Political risk everywhere

Vito Gala¹, Giovanni Pagliardi², Ivan Shaliastovich³, Stavros Zenios^4,5,6

1: Morningstar Investment Management, USA; 2: BI Norwegian Business School, NO; 3: University of Wisconsin, USA; 4: Durham University, United Kingdom; 5: University of Cyprus, Cyprus; 6: Bruegel, BE

Divided Government and the Stock Market

Theofanis Papamichalis¹, Dean Ryu^2,3, Mungo Wilson²

1: Faculty of Economics, University of Cambridge; 2: Said Business School, University of Oxford; 3: Harvard University

U.S. Populism and Currency Risk Premia

My T. Nguyen², Arie Gozluklu¹, Ilias Filippou², Mark P. Taylor²

1: University of Warwick, United Kingdom; 2: John M. Olin Business School, Washington University in St. Louis

In Search of the True Greenium

Marc Eskildsen¹, Markus Ibert¹, Theis Ingerslev Jensen², Lasse Heje Pedersen^1,3

1: Copenhagen Business School, Denmark; 2: Yale School of Management; 3: AQR Capital Management

How Effective are Portfolio Mandates?

Jack Favilukis¹, Lorenzo Garlappi¹, Raman Uppal²

1: UBC Sauder School of Business; 2: EDHEC Business School, France

Active Fund Management when ESG Matters

Doron Avramov¹, Si Cheng², Andrea Tarelli³

1: Arison School of Business, Reichman University (IDC Herzliya), Herzliya, Israel; 2: Whitman School of Management, Syracuse University, Syracuse, United States; 3: Catholic University, Milan, Italy