Details about Amit Seru

Access statistics for papers by Amit Seru.

Last updated 2025-01-06. Update your information in the RePEc Author Service.

Short-id: pse308

Working Papers

2024

1. Book Value Risk Management of Banks: Limited Hedging, HTM Accounting, and Rising Interest Rates
   Research Papers, Stanford University, Graduate School of Business View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024) View citations (3)
2. NAR Settlement, House Prices, and Consumer Welfare
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
3. Noisy Experts? Discretion in Regulation
   Research Papers, Stanford University, Graduate School of Business
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)
4. The Secular Decline of Bank Balance Sheet Lending
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Research Papers, Stanford University, Graduate School of Business (2024)

2023

5. Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models are Miscalibrated
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   See also Chapter Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models Are Miscalibrated, NBER Chapters, National Bureau of Economic Research, Inc (2023) View citations (2) (2023)
   Journal Article Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models Are Miscalibrated, NBER Macroeconomics Annual, University of Chicago Press (2024) (2024)
6. Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
   Also in Research Papers, Stanford University, Graduate School of Business (2023) View citations (17)
   See also Journal Article Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?, Journal of Financial Economics, Elsevier (2024) View citations (4) (2024)
7. Monetary Tightening, Commercial Real Estate Distress, and US Bank Fragility
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2022

8. One Size Doesn’t Fit All: Heterogeneous Depositor Compensation During Periods of Uncertainty
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2021

9. Financial Innovation in the 21st Century: Evidence from U.S. Patents
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
10. Government and Private Household Debt Relief during COVID-19
    Research Papers, Stanford University, Graduate School of Business View citations (29)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (30)
    See also Journal Article Government and Private Household Debt Relief during COVID-19, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2021) View citations (3) (2021)

2020

11. Searching for Approval
    Working Papers, Princeton University. Economics Department. View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (5)
    See also Journal Article Searching for Approval, Econometrica, Econometric Society (2024) (2024)
12. Which Banks are (Over) Levered? Insights from Shadow Banks and Uninsured Leverage
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
13. Why is Intermediating Houses so Difficult? Evidence from iBuyers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2018

14. Arbitration with Uninformed Consumers
    Research Papers, Stanford University, Graduate School of Business View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (6)
15. Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy, Journal of Political Economy, University of Chicago Press (2024) View citations (2) (2024)
16. Debt Relief and Slow Recovery: A Decade after Lehman
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Debt relief and slow recovery: A decade after Lehman, Journal of Financial Economics, Elsevier (2021) View citations (9) (2021)
17. Measuring Technological Innovation over the Long Run
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    See also Journal Article Measuring Technological Innovation over the Long Run, American Economic Review: Insights, American Economic Association (2021) View citations (78) (2021)

2017

18. Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
    Also in Research Papers, Stanford University, Graduate School of Business (2017) View citations (56)
    See also Journal Article Fintech, regulatory arbitrage, and the rise of shadow banks, Journal of Financial Economics, Elsevier (2018) View citations (390) (2018)
19. The Use and Misuse of Patent Data: Issues for Corporate Finance and Beyond
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (52)
20. When Harry Fired Sally: The Double Standard in Punishing Misconduct
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    Also in Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (2017) View citations (5)
    Research Papers, Stanford University, Graduate School of Business (2017) View citations (45)
    See also Journal Article When Harry Fired Sally: The Double Standard in Punishing Misconduct, Journal of Political Economy, University of Chicago Press (2022) View citations (34) (2022)

2016

21. Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program
    Research Papers, Stanford University, Graduate School of Business View citations (8)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2013) View citations (30)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (39)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2012) View citations (36)
    See also Journal Article Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program, Journal of Political Economy, University of Chicago Press (2017) View citations (108) (2017)
22. Selling Failed Banks
    Research Papers, Stanford University, Graduate School of Business View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (29)
    See also Journal Article Selling Failed Banks, Journal of Finance, American Finance Association (2017) View citations (51) (2017)
23. The Market for Financial Adviser Misconduct
    2016 Meeting Papers, Society for Economic Dynamics View citations (18)
    Also in Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State (2016) View citations (1)
    Economics Working Papers, Hoover Institution, Stanford University (2016) View citations (18)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (18)
    See also Journal Article The Market for Financial Adviser Misconduct, Journal of Political Economy, University of Chicago Press (2019) View citations (123) (2019)

2015

24. Information, credit, and organization
    IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) View citations (1)
25. Mortgage Rates, Household Balance Sheets, and the Real Economy
    2015 Meeting Papers, Society for Economic Dynamics View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (70)
26. Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
27. Regional Redistribution Through the U.S. Mortgage Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Research Papers, Stanford University, Graduate School of Business (2015) View citations (8)
    See also Journal Article Regional Redistribution through the US Mortgage Market, American Economic Review, American Economic Association (2016) View citations (59) (2016)
28. The Failure of Models That Predict Failure: Distance, Incentives, and Defaults
    Research Papers, Stanford University, Graduate School of Business View citations (126)
    See also Journal Article The failure of models that predict failure: Distance, incentives, and defaults, Journal of Financial Economics, Elsevier (2015) View citations (116) (2015)
29. Worker Flows in Banking Regulation
    Liberty Street Economics, Federal Reserve Bank of New York

2014

30. The Revolving Door and Worker Flows in Banking Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (65)
    Also in Staff Reports, Federal Reserve Bank of New York (2014) View citations (56)
    See also Journal Article The revolving door and worker flows in banking regulation, Journal of Monetary Economics, Elsevier (2014) View citations (63) (2014)

2013

31. Advertising Expensive Mortgages
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article Advertising Expensive Mortgages, Journal of Finance, American Finance Association (2016) View citations (61) (2016)
32. Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    See also Journal Article Asset Quality Misrepresentation by Financial Intermediaries: Evidence from the RMBS Market, Journal of Finance, American Finance Association (2015) View citations (136) (2015)

2012

33. Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
34. Inconsistent Regulators: Evidence From Banking
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    See also Journal Article Inconsistent Regulators: Evidence from Banking, The Quarterly Journal of Economics, President and Fellows of Harvard College (2014) View citations (211) (2014)
35. Technological Innovation, Resource Allocation, and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (64)
    See also Journal Article Technological Innovation, Resource Allocation, and Growth, The Quarterly Journal of Economics, President and Fellows of Harvard College (2017) View citations (608) (2017)

2011

36. Financing Labor
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Journal Article Financing Labor*, Review of Finance, European Finance Association (2021) (2021)
37. Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates, The Review of Financial Studies, Society for Financial Studies (2014) View citations (83) (2014)

2009

38. Securitization and Distressed Loan Renegotiation: Evidence from the Subprime Mortgage Crisis
    2009 Meeting Papers, Society for Economic Dynamics View citations (11)
    See also Journal Article Securitization and distressed loan renegotiation: Evidence from the subprime mortgage crisis, Journal of Financial Economics, Elsevier (2010) View citations (170) (2010)

Journal Articles

2024

1. Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models Are Miscalibrated
   NBER Macroeconomics Annual, 2024, 38, (1), 239 - 287
   See also Working Paper Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models are Miscalibrated, NBER Working Papers (2023) View citations (2) (2023)
   Chapter Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models Are Miscalibrated, NBER Chapters, 2023, 239-287 (2023) View citations (2) (2023)
2. Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy
   Journal of Political Economy, 2024, 132, (2), 616 - 693 View citations (2)
   See also Working Paper Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy, NBER Working Papers (2018) View citations (13) (2018)
3. Financial Innovation in the Twenty-First Century: Evidence from US Patents
   Journal of Political Economy, 2024, 132, (5), 1391 - 1449
4. Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?
   Journal of Financial Economics, 2024, 159, (C) View citations (4)
   See also Working Paper Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?, NBER Working Papers (2023) View citations (14) (2023)
5. Searching for Approval
   Econometrica, 2024, 92, (4), 1195-1231
   See also Working Paper Searching for Approval, Working Papers (2020) View citations (2) (2020)
6. The Problem of Good Conduct among Financial Advisers
   Journal of Economic Perspectives, 2024, 38, (4), 193-210

2023

7. Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program
   The Review of Economic Studies, 2023, 90, (2), 499-537 View citations (3)

2022

8. Shadow Bank Distress and Household Debt Relief: Evidence from the CARES Act
   AEA Papers and Proceedings, 2022, 112, 509-15 View citations (5)
9. The Use and Misuse of Patent Data: Issues for Finance and Beyond
   The Review of Financial Studies, 2022, 35, (6), 2667-2704 View citations (31)
10. When Harry Fired Sally: The Double Standard in Punishing Misconduct
    Journal of Political Economy, 2022, 130, (5), 1184 - 1248 View citations (34)
    See also Working Paper When Harry Fired Sally: The Double Standard in Punishing Misconduct, NBER Working Papers (2017) View citations (43) (2017)

2021

11. Debt relief and slow recovery: A decade after Lehman
    Journal of Financial Economics, 2021, 141, (3), 1036-1059 View citations (9)
    See also Working Paper Debt Relief and Slow Recovery: A Decade after Lehman, NBER Working Papers (2018) View citations (1) (2018)
12. Financing Labor*
    (Corporate debt maturity and the real effects of the 2007 credit crisis)
    Review of Finance, 2021, 25, (5), 1365-1393
    See also Working Paper Financing Labor, NBER Working Papers (2011) View citations (18) (2011)
13. Government and Private Household Debt Relief during COVID-19
    Brookings Papers on Economic Activity, 2021, 52, (2 (Fall)), 141-221 View citations (3)
    See also Working Paper Government and Private Household Debt Relief during COVID-19, Research Papers (2021) View citations (29) (2021)
14. Measuring Technological Innovation over the Long Run
    American Economic Review: Insights, 2021, 3, (3), 303-20 View citations (78)
    See also Working Paper Measuring Technological Innovation over the Long Run, NBER Working Papers (2018) View citations (43) (2018)

2020

15. Disguised corruption: Evidence from consumer credit in China
    Journal of Financial Economics, 2020, 137, (2), 430-450 View citations (17)

2019

16. The Market for Financial Adviser Misconduct
    Journal of Political Economy, 2019, 127, (1), 233 - 295 View citations (123)
    See also Working Paper The Market for Financial Adviser Misconduct, 2016 Meeting Papers (2016) View citations (18) (2016)

2018

17. Financial market frictions and diversification
    Journal of Financial Economics, 2018, 127, (1), 21-50 View citations (23)
18. Fintech, regulatory arbitrage, and the rise of shadow banks
    Journal of Financial Economics, 2018, 130, (3), 453-483 View citations (390)
    See also Working Paper Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks, NBER Working Papers (2017) View citations (59) (2017)
19. Mortgage Market Design: Lessons from the Great Recession
    Brookings Papers on Economic Activity, 2018, 49, (1 (Spring)), 429-513 View citations (40)

2017

20. Interest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging
    American Economic Review, 2017, 107, (11), 3550-88 View citations (258)
21. Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program
    Journal of Political Economy, 2017, 125, (3), 654 - 712 View citations (108)
    See also Working Paper Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program, Research Papers (2016) View citations (8) (2016)
22. Selling Failed Banks
    Journal of Finance, 2017, 72, (4), 1723-1784 View citations (51)
    See also Working Paper Selling Failed Banks, Research Papers (2016) View citations (1) (2016)
23. Technological Innovation, Resource Allocation, and Growth
    The Quarterly Journal of Economics, 2017, 132, (2), 665-712 View citations (608)
    See also Working Paper Technological Innovation, Resource Allocation, and Growth, NBER Working Papers (2012) View citations (64) (2012)

2016

24. Advertising Expensive Mortgages
    Journal of Finance, 2016, 71, (5), 2371-2416 View citations (61)
    See also Working Paper Advertising Expensive Mortgages, NBER Working Papers (2013) View citations (15) (2013)
25. Regional Redistribution through the US Mortgage Market
    American Economic Review, 2016, 106, (10), 2982-3028 View citations (59)
    See also Working Paper Regional Redistribution Through the U.S. Mortgage Market, NBER Working Papers (2015) View citations (9) (2015)

2015

26. Asset Quality Misrepresentation by Financial Intermediaries: Evidence from the RMBS Market
    Journal of Finance, 2015, 70, (6), 2635-2678 View citations (136)
    See also Working Paper Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market, NBER Working Papers (2013) View citations (43) (2013)
27. The failure of models that predict failure: Distance, incentives, and defaults
    Journal of Financial Economics, 2015, 115, (2), 237-260 View citations (116)
    See also Working Paper The Failure of Models That Predict Failure: Distance, Incentives, and Defaults, Research Papers (2015) View citations (126) (2015)

2014

28. Firm boundaries matter: Evidence from conglomerates and R&D activity
    Journal of Financial Economics, 2014, 111, (2), 381-405 View citations (203)
29. Inconsistent Regulators: Evidence from Banking
    The Quarterly Journal of Economics, 2014, 129, (2), 889-938 View citations (211)
    See also Working Paper Inconsistent Regulators: Evidence From Banking, NBER Working Papers (2012) View citations (22) (2012)
30. Internal Capital Market and Dividend Policies: Evidence From Business Groups
    The Review of Financial Studies, 2014, 27, (4), 1102-1142 View citations (43)
31. Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates
    The Review of Financial Studies, 2014, 27, (4), 1143-1189 View citations (83)
    See also Working Paper Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates, NBER Working Papers (2011) View citations (5) (2011)
32. The revolving door and worker flows in banking regulation
    Journal of Monetary Economics, 2014, 65, (C), 17-32 View citations (63)
    See also Working Paper The Revolving Door and Worker Flows in Banking Regulation, NBER Working Papers (2014) View citations (65) (2014)

2012

33. Lender Screening and the Role of Securitization: Evidence from Prime and Subprime Mortgage Markets
    The Review of Financial Studies, 2012, 25, (7), 2071-2108 View citations (124)

2011

34. Are Incentive Contracts Rigged by Powerful CEOs?
    Journal of Finance, 2011, 66, (5), 1779-1821 View citations (122)

2010

35. Did Securitization Lead to Lax Screening? Evidence from Subprime Loans
    The Quarterly Journal of Economics, 2010, 125, (1), 307-362 View citations (825)
36. Learning by Trading
    The Review of Financial Studies, 2010, 23, (2), 705-739 View citations (159)
37. Securitization and distressed loan renegotiation: Evidence from the subprime mortgage crisis
    Journal of Financial Economics, 2010, 97, (3), 369-397 View citations (170)
    See also Working Paper Securitization and Distressed Loan Renegotiation: Evidence from the Subprime Mortgage Crisis, 2009 Meeting Papers (2009) View citations (11) (2009)
38. Statistical Default Models and Incentives
    American Economic Review, 2010, 100, (2), 506-10 View citations (33)

2009

39. Financial regulation and securitization: Evidence from subprime loans
    Journal of Monetary Economics, 2009, 56, (5), 700-720 View citations (160)

2007

40. Affiliated firms and financial support: Evidence from Indian business groups
    Journal of Financial Economics, 2007, 86, (3), 759-795 View citations (288)
41. Fund Manager Use of Public Information: New Evidence on Managerial Skills
    Journal of Finance, 2007, 62, (2), 485-528 View citations (154)

Chapters

2023

1. Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models Are Miscalibrated
   A chapter in NBER Macroeconomics Annual 2023, volume 38, 2023, pp 239-287 View citations (2)
   See also Working Paper Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models are Miscalibrated, National Bureau of Economic Research, Inc (2023) View citations (2) (2023)
   Journal Article Aggregate Lending and Modern Financial Intermediation: Why Bank Balance Sheet Models Are Miscalibrated, University of Chicago Press (2024) (2024)

2018

2. Preface - The Structural Foundations of Monetary Policy
   A chapter in The Structural Foundations of Monetary Policy, 2018 View citations (2)

2012

3. Mortgage Financing in the Housing Boom and Bust
   A chapter in Housing and the Financial Crisis, 2012, pp 143-204 View citations (24)