Tax cuts boost leverage for small private firms, raising capital productivity, extending default thresholds, and lowering credit spreads. These effects outweigh the interest deduction, from Ivan T Ivanov, Luke Pettit, and Toni Whited 🇺🇦 😷 nber.org/papers/w32398

The housing market is largely frozen in 'mortgage lock-in,' explains The Wharton School professor @LuLiu_Fin to open our four-part Ripple Effect podcast series on real estate.

Tune in to the full interview to learn what caused this trend and what could lie ahead: whr.tn/4blCBlj

Our new NBER working paper is out. #wustl Olin Business School at Washington University

Emotional homecoming to present 'To Pay or Autopay' at the CFPB conference 🥰

4 years at the Bureau in the 2010s implementing Dodd Frank, 8 years in academia getting tenure amidst personal tragedy. Nice to know you can still come home 💝

Link to my talk:
youtube.com/live/VugzGpyvR…

Marvin Harrison Jr, 2024 NFL Draft 1st Rounder ‼️🌰

#NFLDraft   on NFLN/ESPN/ABC

We will have a new Virtual Municipal Finance Workshop Wednesday at 11am ET!

Sara B. Holland will present 'How Do Retiree Health Benefit Promises Affect Municipal Financing?' (joint with Sebastien Betermier and Sean Wilkoff)

Paper + Zoom: muni-workshop.com

Join us!

I will present a new paper on how the use of AI by firms affects their risk profiles.

With Anastassia Fedyk 🇺🇦 Alex He @hodson

Banks and nonbank financial intermediaries do not function in parallel or as substitutes, but in a symbiotic relationship, with nonbanks particularly dependent on banks, from Viral V. Acharya, Nicola Cetorelli, and Bruce Tuckman nber.org/papers/w32316

Thank you Harvard Law School Program on Corporate Governance for featuring my work on the Harvard Law School Forum on Corporate Governance! #corpgov

We will have a new Virtual Municipal Finance Workshop today at 11am ET!

Zihan Ye of University of Tennessee will present 'Roe v. Rates: Reproductive Healthcare and Public Financing Costs' (joint with Runjing Lu of University of Alberta)

Paper + Info: muni-workshop.com

Solar eclipse totality in the Buckeye State! 🙌

📸: Samuel G.

Join us next Monday for a presentation on algorithms' role in housing markets.

Looking forward to this discussion on digital payments CEPR.

Thanks for sharing our new working paper! NBER

Check out great award winning paper by my coauthor Renping Li

Thank you, Alminas. It has been a great pleasure to work with you! And thank you for your guidance and support as a member of my committee.

Honored and immensely grateful to have received Sudipto Bhattacharya Memorial Prize at the European Winter Finance Summit last week for my work with Radha Gopalan and Renping Li titled 'Do board connections between product market peers impede competition?'

Self-recommending. I'll chime in with thoughts once I've read it.

The Economist has cited Tianyue Ruan and Meng Miao and mine on bad loans in China again yesterday.

economist.com/finance-and-ec…

It seems the issue we documented for one specific AMC is much wider spread than people may have thought.

See below! ⬇️

A new Virtual Municipal Finance Workshop today at 11am ET!

Ji Yeol Jimmy Oh of SKKU will present 'Mutual Fund Flows and the Supply of Capital in Municipal Financing' (with Manuel Adelino, Sophia Chiyoung Cheong, and Jaewon Choi)

Paper + Info: muni-workshop.com