Details about Stijn Van Nieuwerburgh

E-mail:
Homepage:	https://www0.gsb.columbia.edu/faculty/svannieuwerburgh/
Postal address:	665 West 130 Street, Kravis Hall 796 New York, NY 10027
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC) Graduate School of Business, Columbia University, (more information at EDIRC)

Access statistics for papers by Stijn Van Nieuwerburgh.

Last updated 2024-11-06. Update your information in the RePEc Author Service.

Short-id: pva368

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Working Papers

2025

1. An Alpha in Affordable Housing?
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Dynamic Urban Economics
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

3. Rent Guarantee Insurance
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)

2023

4. Converting Brown Offices to Green Apartments
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
5. Machine-Learning the Skill of Mutual Fund Managers
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (3)
   See also Journal Article Machine-learning the skill of mutual fund managers, Journal of Financial Economics, Elsevier (2023) View citations (7) (2023)
6. Understanding Rationality and Disagreement in House Price Expectations
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2022

7. Aggregate Lapsation Risk
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Aggregate lapsation risk, Journal of Financial Economics, Elsevier (2024) View citations (1) (2024)
8. Exorbitant Privilege Gained and Lost: Fiscal Implications
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (6)
   Research Papers, Stanford University, Graduate School of Business (2022) View citations (6)
9. Measuring U.S. Fiscal Capacity Using Discounted Cash Flow Analysis
   Research Papers, Stanford University, Graduate School of Business View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (1)
   See also Journal Article Measuring US Fiscal Capacity Using Discounted Cash Flow Analysis, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2022) (2022)
10. The Remote Work Revolution: Impact on Real Estate Values and the Urban Environment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
11. Work From Home and the Office Real Estate Apocalypse
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)

2021

12. Bond Convenience Yields in the Eurozone Currency Union
    Research Papers, Stanford University, Graduate School of Business View citations (6)
13. Can Monetary Policy Create Fiscal Capacity?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (9)
14. Financial and Total Wealth Inequality with Declining Interest Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (12)
    Research Papers, Stanford University, Graduate School of Business (2021) View citations (12)
15. Flattening the Curve: Pandemic-Induced Revaluation of Urban Real Estate
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (64)
    See also Journal Article Flattening the curve: Pandemic-Induced revaluation of urban real estate, Journal of Financial Economics, Elsevier (2022) View citations (33) (2022)
16. Manufacturing Risk-Free Government Debt
    CESifo Working Paper Series, CESifo
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (6)
    Research Papers, Stanford University, Graduate School of Business (2020) View citations (6)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
17. Quantifying U.S. Treasury Investor Optimism
    Research Papers, Stanford University, Graduate School of Business
18. Real and Private Value Assets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers, HAL (2021) View citations (3)
    HEC Research Papers Series, HEC Paris (2021) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (8)
    See also Journal Article Real and Private-Value Assets, The Review of Financial Studies, Society for Financial Studies (2021) View citations (8) (2021)
19. The U.S. Public Debt Valuation Puzzle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (14)
    See also Journal Article The U.S. Public Debt Valuation Puzzle, Econometrica, Econometric Society (2024) (2024)
20. What Determines the Government's Funding Costs When r=g? Unpleasant Fiscal Asset Pricing Arithmetic
    Research Papers, Stanford University, Graduate School of Business View citations (4)
21. What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn't Bark
    NBER Working Papers, National Bureau of Economic Research, Inc

2020

22. Can the Covid Bailouts Save the Economy?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (56)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (55)
    See also Journal Article Can the covid bailouts save the economy?, Economic Policy, CEPR, CESifo, Sciences Po (2022) View citations (5) (2022)
23. Take the Q Train: Value Capture of Public Infrastructure Projects
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article Take the Q train: Value capture of public infrastructure projects, Journal of Urban Economics, Elsevier (2022) View citations (15) (2022)

2019

24. Affordable Housing and City Welfare
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (18)
    2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (5)
    See also Journal Article Affordable Housing and City Welfare, The Review of Economic Studies, Review of Economic Studies Ltd (2023) View citations (13) (2023)
25. Government Risk Premium Puzzle
    2019 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in Research Papers, Stanford University, Graduate School of Business (2019) View citations (3)
26. Valuing Private Equity Strip by Strip
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (3)

2018

27. A Macroeconomic Model with Financially Constrained Producers and Intermediaries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (13)
    2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (27)
    See also Journal Article A Macroeconomic Model With Financially Constrained Producers and Intermediaries, Econometrica, Econometric Society (2021) View citations (47) (2021)
28. Financing the War on Cancer
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018)

2017

29. Are Mutual Fund Managers Paid For Investment Skill?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (10)
    See also Journal Article Are Mutual Fund Managers Paid for Investment Skill?, The Review of Financial Studies, Society for Financial Studies (2018) View citations (21) (2018)
30. ESBies: safety in the tranches
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (64)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2016) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (11)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) View citations (10)
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2016) View citations (21)
    ESRB Working Paper Series, European Systemic Risk Board (2016) View citations (10)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2016) View citations (11)
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2016) View citations (11)
    See also Journal Article ESBies: safety in the tranches, Economic Policy, CEPR, CESifo, Sciences Po (2017) View citations (72) (2017)
31. Financial Fragility with SAM?
    2017 Meeting Papers, Society for Economic Dynamics View citations (9)
    See also Journal Article Financial Fragility with SAM?, Journal of Finance, American Finance Association (2021) View citations (5) (2021)
32. Firm Volatility in Granual Networks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in 2014 Meeting Papers, Society for Economic Dynamics (2014)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (81)
    See also Journal Article Firm Volatility in Granular Networks, Journal of Political Economy, University of Chicago Press (2020) View citations (35) (2020)
33. Out-of-town Home Buyers and City Welfare
    2017 Meeting Papers, Society for Economic Dynamics View citations (17)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (17)
    See also Journal Article Out‐of‐Town Home Buyers and City Welfare, Journal of Finance, American Finance Association (2021) View citations (6) (2021)
34. The Cross-Section and Time Series of Stock and Bond Returns
    Research Papers, Stanford University, Graduate School of Business View citations (51)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (17)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (18)
    See also Journal Article The cross-section and time series of stock and bond returns, Journal of Monetary Economics, Elsevier (2017) View citations (51) (2017)
35. Why Are REITS Currently So Expensive?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article Why are REITS Currently So Expensive?, Real Estate Economics, American Real Estate and Urban Economics Association (2019) View citations (15) (2019)

2016

36. Identifying the Benefits from Home Ownership: A Swedish Experiment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (9)
    See also Journal Article Identifying the Benefits from Homeownership: A Swedish Experiment, American Economic Review, American Economic Association (2023) View citations (8) (2023)
37. The Sovereign-Bank Diabolic Loop and ESBies
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (25)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (24)
    HEC Research Papers Series, HEC Paris (2016) View citations (28)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) View citations (2)
    Discussion Papers, Centre for Macroeconomics (CFM) (2016) View citations (28)
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2016)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2016) View citations (28)
    Working Papers, HAL (2016) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (28)
    See also Journal Article The Sovereign-Bank Diabolic Loop and ESBies, American Economic Review, American Economic Association (2016) View citations (126) (2016)

2015

38. Phasing Out the GSEs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (5)
    See also Journal Article Phasing out the GSEs, Journal of Monetary Economics, Elsevier (2016) View citations (37) (2016)
39. Rethinking Mortgage Design
    Liberty Street Economics, Federal Reserve Bank of New York

2014

40. Foreign Ownership of U.S. Safe Assets: Good or Bad?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (4)
41. Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice
    Staff Report, Federal Reserve Bank of Minneapolis
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (8)
42. Housing, Finance and the Macroeconomy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
    See also Chapter Housing, Finance, and the Macroeconomy, Handbook of Regional and Urban Economics, Elsevier (2015) View citations (80) (2015)
43. The Common Factor in Idiosyncratic Volatility
    2014 Meeting Papers, Society for Economic Dynamics View citations (20)
44. The Common Factor in Idiosyncratic Volatility: Quantitative Asset Pricing Implications
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Journal Article The common factor in idiosyncratic volatility: Quantitative asset pricing implications, Journal of Financial Economics, Elsevier (2016) View citations (140) (2016)

2012

45. International Capital Flows and House Prices: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (54)
    See also Chapter International Capital Flows and House Prices: Theory and Evidence, NBER Chapters, National Bureau of Economic Research, Inc (2012) View citations (70) (2012)
46. The Wealth-Consumption Ratio
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (25)
    See also Journal Article The Wealth-Consumption Ratio, The Review of Asset Pricing Studies, Society for Financial Studies (2013) View citations (35) (2013)
47. Time-Varying Fund Manager Skill
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (6)
    See also Journal Article Time-Varying Fund Manager Skill, Journal of Finance, American Finance Association (2014) View citations (184) (2014)
48. Too-Systemic-To-Fail: What Option Markets Imply About Sector-wide Government Guarantees
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (22)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (23)
    See also Journal Article Too-Systemic-to-Fail: What Option Markets Imply about Sector-Wide Government Guarantees, American Economic Review, American Economic Association (2016) View citations (96) (2016)

2010

49. Predictability of Returns and Cash Flows
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Predictability of Returns and Cash Flows, Annual Review of Financial Economics, Annual Reviews (2011) View citations (78) (2011)
50. The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (55)
    See also Journal Article The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk Sharing in General Equilibrium, Journal of Political Economy, University of Chicago Press (2017) View citations (233) (2017)

2009

51. Optimal Health and Longevity Insurance
    2009 Meeting Papers, Society for Economic Dynamics
52. Rational Attention Allocation Over the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
53. Recessions are a Time to Shine: A theory of attention allocation over the business cycle
    2009 Meeting Papers, Society for Economic Dynamics
54. Technological Change and the Growing Inequality in Managerial Compensation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Technological change and the growing inequality in managerial compensation, Journal of Financial Economics, Elsevier (2011) View citations (48) (2011)
55. The Bond Risk Premium and the Cross-Section of Equity Returns
    2009 Meeting Papers, Society for Economic Dynamics

2008

56. IT, Corporate Payouts, and the Growing Inequality in Managerial Compensation
    2008 Meeting Papers, Society for Economic Dynamics View citations (6)
57. Information Acquisition and Under-Diversification
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (10)
    See also Journal Article Information Acquisition and Under-Diversification, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (234) (2010)

2007

58. Information Immobility and the Home Bias Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (9)
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2004) View citations (1)
    See also Journal Article Information Immobility and the Home Bias Puzzle, Journal of Finance, American Finance Association (2009) View citations (448) (2009)
59. Monetary Policy in an Equilibrium Portfolio Balance Model
    IMF Working Papers, International Monetary Fund View citations (5)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (2)
60. Mortgage Timing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Mortgage timing, Journal of Financial Economics, Elsevier (2009) View citations (59) (2009)
61. The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
62. The Wealth-Consumption Ratio: A Litmus Test for Consumption-Based Asset Pricing Models
    2007 Meeting Papers, Society for Economic Dynamics View citations (14)
    Also in Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2007) View citations (18)

2006

63. Can Housing Collateral Explain Long-Run Swings in Asset Returns?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
64. Reconciling the Return Predictability Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (10)
    See also Journal Article Reconciling the Return Predictability Evidence, The Review of Financial Studies, Society for Financial Studies (2008) View citations (300) (2008)
65. Why Has House Price Dispersion Gone Up?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article Why Has House Price Dispersion Gone Up?, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (181) (2010)

2005

66. Information Acquisition and Portfolio Underdiversification
    2005 Meeting Papers, Society for Economic Dynamics View citations (20)
67. Reconciling the Return Predictability Evidenc: In-Sample Forecasts, Out-of-Sample Forecasts, and Parameter Instability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
68. The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    See also Journal Article The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street, The Review of Financial Studies, Society for Financial Studies (2008) View citations (77) (2008)
69. The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street (joint with Stijn Van Nieuwerburgh)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (11)
70. The Returns on Human Wealth: Good News on Wall Street is Bad News on Main Street
    2005 Meeting Papers, Society for Economic Dynamics View citations (21)

2004

71. A Theory of Housing Collateral, Consumption Insurance and Risk Premia
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
72. Can Housing Collateral Explain Long-Run Swings in Asset Returns? (joint with Stijn Van Nieuwerburgh)
    UCLA Economics Online Papers, UCLA Department of Economics
73. Housing Collateral and Consumption Insurance Across US Regions
    2004 Meeting Papers, Society for Economic Dynamics View citations (15)
74. Housing Collateral, Consumption Insurance and Risk Premia: an Empirical Perspective (joint with Stijn Van Nieuwerburgh), forthcoming Journal of Finance
    UCLA Economics Online Papers, UCLA Department of Economics View citations (2)
75. How Much Does Household Collateral Constrain Regional Risk Sharing?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article How Much Does Household Collateral Constrain Regional Risk Sharing?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (74) (2010)
76. How much Does Household Collateral Constrain Regional Risk Sharing? (joint with Stijn Van Nieuwerburgh) (updated February 2006)
    UCLA Economics Online Papers, UCLA Department of Economics

2003

77. Housing Collateral, Consumption Insurance and Risk Premia: An Empirical Perpective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Housing Collateral, Consumption Insurance, and Risk Premia: An Empirical Perspective, Journal of Finance, American Finance Association (2005) View citations (288) (2005)

2002

78. A Fiscal Theory of the Currency Risk Premium and of Sterilized Intervention
    IMF Working Papers, International Monetary Fund View citations (4)
79. Housing Collateral, Consumption Insurance and Risk Premia
    Macroeconomics, University Library of Munich, Germany View citations (26)

Undated

80. Exploring the Link between Housing and the Value Premium (joint with Stijn Van Nieuwerburgh)
    UCLA Economics Online Papers, UCLA Department of Economics

Journal Articles

2024

1. Aggregate lapsation risk
   Journal of Financial Economics, 2024, 155, (C) View citations (1)
   See also Working Paper Aggregate Lapsation Risk, NBER Working Papers (2022) (2022)
2. The U.S. Public Debt Valuation Puzzle
   Econometrica, 2024, 92, (4), 1309-1347
   See also Working Paper The U.S. Public Debt Valuation Puzzle, CEPR Discussion Papers (2021) (2021)
3. What Drives Variation in the U.S. Debt‐to‐Output Ratio? The Dogs that Did not Bark
   Journal of Finance, 2024, 79, (4), 2603-2665

2023

4. Affordable Housing and City Welfare
   The Review of Economic Studies, 2023, 90, (1), 293-330 View citations (13)
   See also Working Paper Affordable Housing and City Welfare, NBER Working Papers (2019) View citations (18) (2019)
5. Fiscal Capacity: An Asset Pricing Perspective
   Annual Review of Financial Economics, 2023, 15, (1), 197-219 View citations (1)
6. Identifying the Benefits from Homeownership: A Swedish Experiment
   American Economic Review, 2023, 113, (12), 3173-3212 View citations (8)
   See also Working Paper Identifying the Benefits from Home Ownership: A Swedish Experiment, CEPR Discussion Papers (2016) View citations (16) (2016)
7. Machine-learning the skill of mutual fund managers
   Journal of Financial Economics, 2023, 150, (1), 94-138 View citations (7)
   See also Working Paper Machine-Learning the Skill of Mutual Fund Managers, CEPR Discussion Papers (2023) (2023)
8. The remote work revolution: Impact on real estate values and the urban environment: 2023 AREUEA Presidential Address
   Real Estate Economics, 2023, 51, (1), 7-48 View citations (11)

2022

9. Can the covid bailouts save the economy?
   Economic Policy, 2022, 37, (110), 277-330 View citations (5)
   See also Working Paper Can the Covid Bailouts Save the Economy?, CEPR Discussion Papers (2020) View citations (56) (2020)
10. Flattening the curve: Pandemic-Induced revaluation of urban real estate
    Journal of Financial Economics, 2022, 146, (2), 594-636 View citations (33)
    See also Working Paper Flattening the Curve: Pandemic-Induced Revaluation of Urban Real Estate, CEPR Discussion Papers (2021) (2021)
11. Measuring US Fiscal Capacity Using Discounted Cash Flow Analysis
    Brookings Papers on Economic Activity, 2022, 53, (2 (Fall)), 157-229
    See also Working Paper Measuring U.S. Fiscal Capacity Using Discounted Cash Flow Analysis, Research Papers (2022) View citations (1) (2022)
12. Take the Q train: Value capture of public infrastructure projects
    Journal of Urban Economics, 2022, 129, (C) View citations (15)
    See also Working Paper Take the Q Train: Value Capture of Public Infrastructure Projects, NBER Working Papers (2020) View citations (13) (2020)

2021

13. A Macroeconomic Model With Financially Constrained Producers and Intermediaries
    Econometrica, 2021, 89, (3), 1361-1418 View citations (47)
    See also Working Paper A Macroeconomic Model with Financially Constrained Producers and Intermediaries, NBER Working Papers (2018) View citations (39) (2018)
14. Financial Fragility with SAM?
    Journal of Finance, 2021, 76, (2), 651-706 View citations (5)
    See also Working Paper Financial Fragility with SAM?, 2017 Meeting Papers (2017) View citations (9) (2017)
15. Out‐of‐Town Home Buyers and City Welfare
    Journal of Finance, 2021, 76, (5), 2577-2638 View citations (6)
    See also Working Paper Out-of-town Home Buyers and City Welfare, 2017 Meeting Papers (2017) View citations (17) (2017)
16. Real and Private-Value Assets
    (Gendered prices)
    The Review of Financial Studies, 2021, 34, (8), 3497-3526 View citations (8)
    See also Working Paper Real and Private Value Assets, CEPR Discussion Papers (2021) (2021)
17. Valuing Private Equity Investments Strip by Strip
    Journal of Finance, 2021, 76, (6), 3255-3307 View citations (12)

2020

18. Combining Life and Health Insurance*
    (Market Size in Innovation: Theory and Evidence from the Pharmaceutical Industry)
    The Quarterly Journal of Economics, 2020, 135, (2), 913-958 View citations (7)
19. Firm Volatility in Granular Networks
    Journal of Political Economy, 2020, 128, (11), 4097 - 4162 View citations (35)
    See also Working Paper Firm Volatility in Granual Networks, CEPR Discussion Papers (2017) View citations (8) (2017)
20. New Methods for the Cross-Section of Returns
    The Review of Financial Studies, 2020, 33, (5), 1879-1890 View citations (12)

2019

21. Why are REITS Currently So Expensive?
    Real Estate Economics, 2019, 47, (1), 18-65 View citations (15)
    See also Working Paper Why Are REITS Currently So Expensive?, CEPR Discussion Papers (2017) View citations (1) (2017)

2018

22. Are Mutual Fund Managers Paid for Investment Skill?
    The Review of Financial Studies, 2018, 31, (2), 715-772 View citations (21)
    See also Working Paper Are Mutual Fund Managers Paid For Investment Skill?, CEPR Discussion Papers (2017) View citations (11) (2017)

2017

23. ESBies: safety in the tranches
    Economic Policy, 2017, 32, (90), 175-219 View citations (72)
    See also Working Paper ESBies: safety in the tranches, LSE Research Online Documents on Economics (2017) View citations (64) (2017)
24. The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk Sharing in General Equilibrium
    Journal of Political Economy, 2017, 125, (1), 140 - 223 View citations (233)
    See also Working Paper The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium, NBER Working Papers (2010) View citations (66) (2010)
25. The cross-section and time series of stock and bond returns
    Journal of Monetary Economics, 2017, 88, (C), 50-69 View citations (51)
    See also Working Paper The Cross-Section and Time Series of Stock and Bond Returns, Research Papers (2017) View citations (51) (2017)
26. What to Do About the GSEs?
    Annual Review of Financial Economics, 2017, 9, (1), 21-41

2016

27. A Rational Theory of Mutual Funds' Attention Allocation
    Econometrica, 2016, 84, 571-626 View citations (71)
28. Phasing out the GSEs
    Journal of Monetary Economics, 2016, 81, (C), 111-132 View citations (37)
    See also Working Paper Phasing Out the GSEs, NBER Working Papers (2015) View citations (17) (2015)
29. The Sovereign-Bank Diabolic Loop and ESBies
    American Economic Review, 2016, 106, (5), 508-12 View citations (126)
    See also Working Paper The Sovereign-Bank Diabolic Loop and ESBies, CSEF Working Papers (2016) View citations (25) (2016)
30. The common factor in idiosyncratic volatility: Quantitative asset pricing implications
    Journal of Financial Economics, 2016, 119, (2), 249-283 View citations (140)
    See also Working Paper The Common Factor in Idiosyncratic Volatility: Quantitative Asset Pricing Implications, NBER Working Papers (2014) View citations (17) (2014)
31. Too-Systemic-to-Fail: What Option Markets Imply about Sector-Wide Government Guarantees
    American Economic Review, 2016, 106, (6), 1278-1319 View citations (96)
    See also Working Paper Too-Systemic-To-Fail: What Option Markets Imply About Sector-wide Government Guarantees, CEPR Discussion Papers (2012) View citations (13) (2012)

2014

32. Time-Varying Fund Manager Skill
    Journal of Finance, 2014, 69, (4), 1455-1484 View citations (184)
    See also Working Paper Time-Varying Fund Manager Skill, CEPR Discussion Papers (2012) View citations (6) (2012)

2013

33. Guaranteed to Fail: Fannie Mae and Freddie Mac and What to Do about Them**
    The Economists' Voice, 2013, 10, (1), 15-19
34. Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance, by Viral V. Acharya, Matthew Richardson, Stijn van Nieuwerburgh, and Lawrence J. White
    Eastern Economic Journal, 2013, 39, (3), 421-423
35. Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance. V. V. Acharya, M. Richardson, S. van Nieuwerburgh and L. J. White. Princeton University Press, 2011, ISBN 978-0-691-15078-9, 222 pages
    Journal of Pension Economics and Finance, 2013, 12, (4), 461-463
36. The Wealth-Consumption Ratio
    The Review of Asset Pricing Studies, 2013, 3, (1), 38-94 View citations (35)
    See also Working Paper The Wealth-Consumption Ratio, CEPR Discussion Papers (2012) View citations (2) (2012)
37. V. V. Acharya, S. van Nieuwerburgh, M. Richardson, and L. J. White (2011): Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance, Princeton University Press. 176 pages, USD 24.95
    Financial Markets and Portfolio Management, 2013, 27, (1), 125-126

2012

38. The Research Agenda: Stijn Van Nieuwerburgh on Housing and the Macroeconomy
    EconomicDynamics Newsletter, 2012, 13, (2) View citations (3)

2011

39. Predictability of Returns and Cash Flows
    Annual Review of Financial Economics, 2011, 3, (1), 467-491 View citations (78)
    See also Working Paper Predictability of Returns and Cash Flows, NBER Working Papers (2010) View citations (4) (2010)
40. Technological change and the growing inequality in managerial compensation
    Journal of Financial Economics, 2011, 99, (3), 601-627 View citations (48)
    See also Working Paper Technological Change and the Growing Inequality in Managerial Compensation, NBER Working Papers (2009) View citations (3) (2009)
41. The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Public Care Aversion from Bequest Motives
    Journal of Finance, 2011, 66, (2), 519-561 View citations (213)

2010

42. How Much Does Household Collateral Constrain Regional Risk Sharing?
    Review of Economic Dynamics, 2010, 13, (2), 265-294 View citations (74)
    See also Working Paper How Much Does Household Collateral Constrain Regional Risk Sharing?, NBER Working Papers (2004) View citations (6) (2004)
    Software Item Code and data files for "How Much Does Housing Collateral Constrain Regional Risk Sharing?", Computer Codes (2009) (2009)
43. Information Acquisition and Under-Diversification
    The Review of Economic Studies, 2010, 77, (2), 779-805 View citations (234)
    See also Working Paper Information Acquisition and Under-Diversification, Working Papers (2008) View citations (11) (2008)
44. Long Run Risk, the Wealth-Consumption Ratio, and the Temporal Pricing of Risk
    American Economic Review, 2010, 100, (2), 552-56 View citations (17)
45. Why Has House Price Dispersion Gone Up?
    The Review of Economic Studies, 2010, 77, (4), 1567-1606 View citations (181)
    See also Working Paper Why Has House Price Dispersion Gone Up?, NBER Working Papers (2006) View citations (24) (2006)

2009

46. Information Immobility and the Home Bias Puzzle
    Journal of Finance, 2009, 64, (3), 1187-1215 View citations (448)
    See also Working Paper Information Immobility and the Home Bias Puzzle, NBER Working Papers (2007) View citations (26) (2007)
47. Mortgage Origination and Securitization in the Financial Crisis
    Financial Markets, Institutions & Instruments, 2009, 18, (2), 141-143
48. Mortgage timing
    Journal of Financial Economics, 2009, 93, (2), 292-324 View citations (59)
    See also Working Paper Mortgage Timing, NBER Working Papers (2007) View citations (5) (2007)
49. What to Do About the Government Sponsored Enterprises
    Financial Markets, Institutions & Instruments, 2009, 18, (2), 150-152

2008

50. Reconciling the Return Predictability Evidence
    The Review of Financial Studies, 2008, 21, (4), 1607-1652 View citations (300)
    See also Working Paper Reconciling the Return Predictability Evidence, NBER Working Papers (2006) View citations (18) (2006)
51. The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street
    The Review of Financial Studies, 2008, 21, (5), 2097-2137 View citations (77)
    See also Working Paper The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street, NBER Working Papers (2005) View citations (22) (2005)

2006

52. Inside Information and the Own Company Stock Puzzle
    Journal of the European Economic Association, 2006, 4, (2-3), 623-633 View citations (10)
53. Learning asymmetries in real business cycles
    Journal of Monetary Economics, 2006, 53, (4), 753-772 View citations (246)
54. Stock market development and economic growth in Belgium
    Explorations in Economic History, 2006, 43, (1), 13-38 View citations (58)

2005

55. Housing Collateral, Consumption Insurance, and Risk Premia: An Empirical Perspective
    Journal of Finance, 2005, 60, (3), 1167-1219 View citations (288)
    See also Working Paper Housing Collateral, Consumption Insurance and Risk Premia: An Empirical Perpective, NBER Working Papers (2003) View citations (1) (2003)

Books

2011

1. Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance
   Economics Books, Princeton University Press View citations (74)

Chapters

2015

1. Housing, Finance, and the Macroeconomy
   Elsevier View citations (80)
   See also Working Paper Housing, Finance and the Macroeconomy, National Bureau of Economic Research, Inc (2014) View citations (29) (2014)

2014

2. Judging the Quality of Survey Data by Comparison with "Truth" as Measured by Administrative Records: Evidence From Sweden
   A chapter in Improving the Measurement of Consumer Expenditures, 2014, pp 308-346 View citations (29)

2012

3. International Capital Flows and House Prices: Theory and Evidence
   A chapter in Housing and the Financial Crisis, 2012, pp 235-299 View citations (70)
   See also Working Paper International Capital Flows and House Prices: Theory and Evidence, National Bureau of Economic Research, Inc (2012) View citations (54) (2012)

2011

4. Feeding the Beast
   A chapter in Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance, 2011

Software Items

2009

1. Code and data files for "How Much Does Housing Collateral Constrain Regional Risk Sharing?"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article How Much Does Household Collateral Constrain Regional Risk Sharing?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (74) (2010)

2001

2. Matlab code for the robustness in forward looking models, oligopoly example
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles