The Dynamics of Deposit Flightiness and its Impact on Financial Stability

Kristian Blickle¹, Xu Lu², Jane Li³, Yiming Ma⁴

1: New York Fed; 2: University of Washington Seattle; 3: Columbia Business School; 4: Columbia Business School

Sticky Deposits, not Depositors

Bronson Argyle¹, Benjamin Iverson¹, Jason Kotter¹, Taylor Nadauld¹, Christopher Palmer²

1: Brigham Young University; 2: Massachusetts Institute of Technology

Shadow Banks and the Dynamic Effects of Monetary Policy on Small Business Lending

Manasa Gopal¹, Andres Sarto², Dominik Supera³, Olivier Wang⁴

1: Georgia Tech; 2: University of Chicago; 3: Columbia University; 4: New York University

Monetary Policy Complementarity: Bank Regulation and Interest Rates

Stefan Walz

Columbia Business School

Securities Losses, Interbank Markets, and Monetary Policy Transmission: Evidence from the Eurozone

Mariassunta Giannetti¹, Martina Jasova², Caterina Mendicino³, Dominik Supera⁴

1: Stockholm School of Economics; 2: Barnard College, Columbia University; 3: ECB; 4: Columbia Business School

Interest Rate Risk and Cross-Sectional Effects of Micro-Prudential Regulation

Juliane Begenau¹, Vadim Elenev², Tim Landvoigt³

1: Stanford Graduate School of Business; 2: Johns Hopkins University Carey Business School; 3: The Wharton School, University of Pennsylvania

The Secular Decline in Private Firm Leverage

Aymeric Bellon¹, Christine L. Dobridge², Erik Gilje⁴, Andrew Whitten³

1: UNC Chapel Hill; 2: Board of Governors of the Federal Reserve System; 3: U.S. Department of the Treasury - Office of Tax Analysis (OTA); 4: Unaffiliated

Private Debt versus Bank Debt in Corporate Borrowing

Sharjil Muktafi Haque¹, Irina Stefanescu¹, Simon Mayer²

1: Federal Reserve Board of Governors; 2: Carnegie Mellon University

Financially Sophisticated Firms

Kerry Siani, Lira Mota

MIT Sloan

Loan-funded Loans: Asset-like Liabilities inside Bank Holding Companies

Jennie Bai¹, Murillo Campello², Pradeep Muthukrishnan³

1: Georgetown University and NBER; 2: University of Florida and NBER; 3: Tulane University

Common Investors Across the Capital Structure: Private Debt Funds as Dual Holders

Tetiana Davydiuk¹, Isil Erel², Wei Jiang³, Tatyana Marchuk⁴

1: Carey Business School; 2: Fisher College of Business; 3: Goizueta Business School; 4: Nova School of Business and Economics

Risk-Adjusting the Returns to Private Debt Funds

Michael Weisbach, Isil Erel, Thomas Flanagan

Ohio State University

The Impact of Fiscal Policy on Financial Institutions, Asset Prices, and Household Behavior

Federico Mainardi

University of Chicago Booth School of Business

Optimizing Return Forecasts: A Bayesian Intermediary Asset Pricing Approach

Ming Gao, Cong Zhang

University of Chicago

Mental Models and Financial Forecasts

Francesca Bastianello¹, Paul Decaire², Marius Guenzel³

1: Chicago Booth; 2: Arizona State University; 3: Wharton

Categorical Thinking about Interest Rates

Kelly Shue¹, Richard Townsend², Chen Wang³

1: Yale University; 2: UCSD; 3: University of Notre Dame

A Model-Free Assessment of the Importance of Subjective Beliefs for Asset Pricing

Paymon Khorrami

Duke University

An Arrow-Pratt Theory of Preference for Early Resolution of Uncertainty

Hengjie Ai¹, Ravi Bansal², Hongye Guo³, Amir Yaron⁴

1: University of Wisconsin, Madison; 2: Duke University; 3: University of Hong Kong; 4: Bank of Israel and Wharton