Amazing. Valentin Haddad, Tyler Muir and I are so happy “whatever it takes” is now forthcoming at the AER. We could not be more thankful to the amazing referee team and the editor Emi Nakamura. The final product is much better than the initial submission.

Very excited to see this paper w Alan Moreira Valentin Haddad in the AER. A thread on the paper:

Congratulations to Maryam Farboodi!

Overjoyed that Tyler Muir won the Fisher Black prize. I have been so lucky to have worked with Tyler and learned so much from him. Congratulations !!!’

A review of the growing field investigating how the broad organization of financial markets affects the level and dynamics of asset prices, from Valentin Haddad and Tyler Muir nber.org/papers/w33434

𝙈𝙖𝙧𝙠𝙚𝙩 𝙈𝙖𝙘𝙧𝙤𝙨𝙩𝙧𝙪𝙘𝙩𝙪𝙧𝙚… in this essay with Valentin Valentin Haddad we highlight common threads in exciting work that takes a down-to-earth view of financial markets: let’s focus on figuring out 𝘸𝘩𝘰 is doing 𝘸𝘩𝘢𝘵 and 𝘸𝘩𝘺. Curious to hear comments.

Intermediary asset pricing places financial institutions at the heart of asset price determination. A review of the literature and the many open questions ahead, from Valentin Haddad and Tyler Muir nber.org/papers/w34146