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Details about Efraim Benmelech

Workplace:Department of Finance, Kellogg Graduate School of Management, Northwestern University, (more information at EDIRC)

Access statistics for papers by Efraim Benmelech.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pbe459


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Working Papers

2024

  1. The Benefits and Costs of Secured Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2023

  1. Bank Branch Density and Bank Runs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  2. Who Benefits From The Export-Import Bank Aid?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2022

  1. Fertility and Savings: The Effect of China’s Two-Child Policy on Household Savings
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  2. Robots and Firm Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)

2021

  1. Private and Social Returns to R&D: Drug Development and Demographics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article Private and Social Returns to R&D: Drug Development and Demographics, AEA Papers and Proceedings, American Economic Association (2021) Downloads View citations (2) (2021)
  2. The Resilience of the U.S. Corporate Bond Market During Financial Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2020

  1. Civic Capital and Social Distancing during the COVID-19 Pandemic
    Working Papers, Becker Friedman Institute for Research In Economics Downloads View citations (56)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) Downloads View citations (44)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (52)
  2. Secured Credit Spreads
    Working Papers, Becker Friedman Institute for Research In Economics Downloads View citations (3)
  3. The Decline of Secured Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
  4. The Determinants of Fiscal and Monetary Policies During the Covid-19 Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (52)
  5. The Secured Credit Premium and the Issuance of Secured Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

2018

  1. Debt, Information, and Illiquidity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
  2. Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (107)
    Also in Working Papers, U.S. Census Bureau, Center for Economic Studies (2018) Downloads View citations (108)

2017

  1. Credit Market Freezes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Chapter Credit Market Freezes, NBER Chapters, National Bureau of Economic Research, Inc (2017) View citations (1) (2017)
    Journal Article Credit Market Freezes, NBER Macroeconomics Annual, University of Chicago Press (2018) Downloads View citations (1) (2018)
  2. Financial Frictions and Employment during the Great Depression
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    See also Journal Article Financial frictions and employment during the Great Depression, Journal of Financial Economics, Elsevier (2019) Downloads View citations (66) (2019)
  3. Making the House a Home: The Stimulative Effect of Home Purchases on Consumption and Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)

2016

  1. The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    See also Journal Article The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles, The Quarterly Journal of Economics, President and Fellows of Harvard College (2017) Downloads View citations (54) (2017)
  2. What Explains the Flow of Foreign Fighters to ISIS?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2014

  1. Military CEOs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article Military CEOs, Journal of Financial Economics, Elsevier (2015) Downloads View citations (18) (2015)
  2. The Agglomeration of Bankruptcy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    See also Journal Article The Agglomeration of Bankruptcy, The Review of Financial Studies, Society for Financial Studies (2019) Downloads View citations (4) (2019)

2012

  1. An Empirical Analysis of the Fed's Term Auction Facility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
  2. Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (42)
  3. Repossession and the Democratization of Credit
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article Repossession and the Democratization of Credit, The Review of Financial Studies, Society for Financial Studies (2014) Downloads View citations (17) (2014)

2011

  1. Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis, Journal of International Economics, Elsevier (2013) Downloads View citations (26) (2013)
  2. Financing Labor
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
  3. Negotiating with Labor Under Financial Distress
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article Negotiating with Labor under Financial Distress, The Review of Corporate Finance Studies, Society for Financial Studies (2012) Downloads View citations (48) (2012)
  4. Securitization without Adverse Selection: The Case of CLOs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article Securitization without adverse selection: The case of CLOs, Journal of Financial Economics, Elsevier (2012) Downloads View citations (97) (2012)

2010

  1. Bankruptcy and the Collateral Channel
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article Bankruptcy and the Collateral Channel, Journal of Finance, American Finance Association (2011) View citations (113) (2011)
  2. Counter-Suicide-Terrorism: Evidence from House Demolitions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
  3. Credit Traps
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article Credit Traps, American Economic Review, American Economic Association (2012) Downloads View citations (30) (2012)
  4. Economic Conditions and the Quality of Suicide Terrorism
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (29)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (9)
  5. Vintage Capital and Creditor Protection
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article Vintage capital and creditor protection, Journal of Financial Economics, Elsevier (2011) Downloads View citations (23) (2011)

2009

  1. The Alchemy of CDO Credit Ratings
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (97)
    See also Journal Article The alchemy of CDO credit ratings, Journal of Monetary Economics, Elsevier (2009) Downloads View citations (101) (2009)
  2. The Credit Rating Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (92)
    See also Chapter The Credit Rating Crisis, NBER Chapters, National Bureau of Economic Research, Inc (2010) Downloads View citations (39) (2010)
  3. The Economic Cost of Harboring Terrorism
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    See also Journal Article The Economic Cost of Harboring Terrorism, Journal of Conflict Resolution, Peace Science Society (International) (2010) Downloads View citations (22) (2010)

2008

  1. Collateral Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article Collateral pricing, Journal of Financial Economics, Elsevier (2009) Downloads View citations (52) (2009)
  2. Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (82)
    See also Journal Article Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines, The Quarterly Journal of Economics, President and Fellows of Harvard College (2008) Downloads View citations (76) (2008)
  3. Stock-Based Compensation and CEO (Dis)Incentives
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) Downloads View citations (1)

    See also Journal Article Stock-Based Compensation and CEO (Dis)Incentives, The Quarterly Journal of Economics, President and Fellows of Harvard College (2010) Downloads View citations (97) (2010)

2007

  1. Attack Assignments in Terror Organizations and The Productivity of Suicide Bombers
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
  2. The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century, Journal of Finance, American Finance Association (2010) Downloads View citations (95) (2010)

2004

  1. Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation, The Quarterly Journal of Economics, President and Fellows of Harvard College (2005) Downloads View citations (125) (2005)

Journal Articles

2021

  1. Civic capital and social distancing during the Covid-19 pandemic☆
    Journal of Public Economics, 2021, 193, (C) Downloads View citations (68)
  2. Private and Social Returns to R&D: Drug Development and Demographics
    AEA Papers and Proceedings, 2021, 111, 336-40 Downloads View citations (2)
    See also Working Paper Private and Social Returns to R&D: Drug Development and Demographics, NBER Working Papers (2021) Downloads View citations (2) (2021)

2019

  1. Financial frictions and employment during the Great Depression
    Journal of Financial Economics, 2019, 133, (3), 541-563 Downloads View citations (66)
    See also Working Paper Financial Frictions and Employment during the Great Depression, NBER Working Papers (2017) Downloads View citations (15) (2017)
  2. The Agglomeration of Bankruptcy
    The Review of Financial Studies, 2019, 32, (7), 2541-2586 Downloads View citations (4)
    See also Working Paper The Agglomeration of Bankruptcy, NBER Working Papers (2014) Downloads View citations (12) (2014)

2018

  1. Credit Market Freezes
    NBER Macroeconomics Annual, 2018, 32, (1), 493 - 526 Downloads View citations (1)
    See also Working Paper Credit Market Freezes, NBER Working Papers (2017) Downloads View citations (1) (2017)
    Chapter Credit Market Freezes, NBER Chapters, 2017, 493-523 (2017) View citations (1) (2017)

2017

  1. The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles
    The Quarterly Journal of Economics, 2017, 132, (1), 317-365 Downloads View citations (54)
    See also Working Paper The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles, NBER Working Papers (2016) Downloads View citations (8) (2016)

2015

  1. Military CEOs
    Journal of Financial Economics, 2015, 117, (1), 43-59 Downloads View citations (18)
    See also Working Paper Military CEOs, NBER Working Papers (2014) Downloads View citations (5) (2014)

2014

  1. Repossession and the Democratization of Credit
    The Review of Financial Studies, 2014, 27, (9), 2661-2689 Downloads View citations (17)
    See also Working Paper Repossession and the Democratization of Credit, NBER Working Papers (2012) Downloads View citations (7) (2012)

2013

  1. Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis
    Journal of International Economics, 2013, 89, (2), 485-494 Downloads View citations (26)
    Also in Proceedings, 2010, (Oct) (2010) Downloads View citations (11)

    See also Working Paper Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis, NBER Working Papers (2011) Downloads View citations (6) (2011)

2012

  1. Credit Traps
    American Economic Review, 2012, 102, (6), 3004-32 Downloads View citations (30)
    See also Working Paper Credit Traps, NBER Working Papers (2010) Downloads View citations (1) (2010)
  2. Negotiating with Labor under Financial Distress
    The Review of Corporate Finance Studies, 2012, 1, (1), 28-67 Downloads View citations (48)
    See also Working Paper Negotiating with Labor Under Financial Distress, NBER Working Papers (2011) Downloads View citations (3) (2011)
  3. Securitization without adverse selection: The case of CLOs
    Journal of Financial Economics, 2012, 106, (1), 91-113 Downloads View citations (97)
    See also Working Paper Securitization without Adverse Selection: The Case of CLOs, NBER Working Papers (2011) Downloads View citations (4) (2011)

2011

  1. Bankruptcy and the Collateral Channel
    Journal of Finance, 2011, 66, (2), 337-378 View citations (113)
    See also Working Paper Bankruptcy and the Collateral Channel, NBER Working Papers (2010) Downloads (2010)
  2. Vintage capital and creditor protection
    Journal of Financial Economics, 2011, 99, (2), 308-332 Downloads View citations (23)
    See also Working Paper Vintage Capital and Creditor Protection, NBER Working Papers (2010) Downloads (2010)

2010

  1. Stock-Based Compensation and CEO (Dis)Incentives
    The Quarterly Journal of Economics, 2010, 125, (4), 1769-1820 Downloads View citations (97)
    See also Working Paper Stock-Based Compensation and CEO (Dis)Incentives, NBER Working Papers (2008) Downloads View citations (4) (2008)
  2. The Economic Cost of Harboring Terrorism
    Journal of Conflict Resolution, 2010, 54, (2), 331-353 Downloads View citations (22)
    See also Working Paper The Economic Cost of Harboring Terrorism, NBER Working Papers (2009) Downloads View citations (8) (2009)
  3. The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century
    Journal of Finance, 2010, 65, (3), 1029-1073 Downloads View citations (95)
    See also Working Paper The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century, NBER Working Papers (2007) Downloads View citations (7) (2007)

2009

  1. Asset Salability and Debt Maturity: Evidence from Nineteenth-Century American Railroads
    The Review of Financial Studies, 2009, 22, (4), 1545-1584 Downloads View citations (82)
  2. Collateral pricing
    Journal of Financial Economics, 2009, 91, (3), 339-360 Downloads View citations (52)
    See also Working Paper Collateral Pricing, NBER Working Papers (2008) Downloads View citations (1) (2008)
  3. The alchemy of CDO credit ratings
    Journal of Monetary Economics, 2009, 56, (5), 617-634 Downloads View citations (101)
    See also Working Paper The Alchemy of CDO Credit Ratings, NBER Working Papers (2009) Downloads View citations (97) (2009)

2008

  1. Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines
    The Quarterly Journal of Economics, 2008, 123, (4), 1635-1677 Downloads View citations (76)
    See also Working Paper Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines, NBER Working Papers (2008) Downloads View citations (82) (2008)

2007

  1. Human Capital and the Productivity of Suicide Bombers
    Journal of Economic Perspectives, 2007, 21, (3), 223-238 Downloads View citations (73)

2005

  1. Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation
    The Quarterly Journal of Economics, 2005, 120, (3), 1121-1154 Downloads View citations (125)
    See also Working Paper Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation, NBER Working Papers (2004) Downloads View citations (14) (2004)

Chapters

2017

  1. Credit Market Freezes
    A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 493-523 View citations (1)
    See also Working Paper Credit Market Freezes, National Bureau of Economic Research, Inc (2017) Downloads View citations (1) (2017)
    Journal Article Credit Market Freezes, University of Chicago Press (2018) Downloads View citations (1) (2018)

2010

  1. The Credit Rating Crisis
    A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 161-207 Downloads View citations (39)
    See also Working Paper The Credit Rating Crisis, National Bureau of Economic Research, Inc (2009) Downloads View citations (92) (2009)
 
Page updated 2024-07-17