Featured Faculty Working Papers
Financial Market Fragility in the Era of AI Planning
Winston Wei Dou, Itay Goldstein, and their co-author Yan Ji explore how advanced AI planning technology can put financial market stability at risk.
Monopsony Power and the Transmission of Monetary Policy
Gideon Bornstein, Sergio Salgado, and their co-author Bence Bardóczy uncover how labor market concentration blunts the power ofmonetary policy. This paper was supported by Pre-Doctoral Research Associates Tanvi Jindal and Paige Stevenson.
The Effect of Fiscal Policy Shocks on Asset Prices
Courtney Wiegand’s measure of fiscal policy shocks shows that deficit news moves asset prices across markets — raising Treasury yields, reshaping term premiums, and boosting equities when monetary policy is constrained.
Firm Heterogeneity and Adverse Selection in External Finance
Thomas Winberry and his co-authors show how private information creates a “lemons problem” in the market for external finance. Read about this paper on Knowledge at Wharton.
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