Details about Laura Veldkamp

Access statistics for papers by Laura Veldkamp.

Last updated 2018-07-09. Update your information in the RePEc Author Service.

Short-id: pve40

Working Papers

2022

1. Data and Markups: A Macro-Finance Perspective
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
2. Valuing Financial Data
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2021

3. A Model of the Data Economy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
4. Bayesian Learning
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

5. Scarring Body and Mind: The Long-Term Belief-Scarring Effects of COVID-19
   Working Papers, Federal Reserve Bank of St. Louis View citations (60)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (55)
6. Where Has All the Data Gone?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2019

7. Big Data and Firm Dynamics
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
8. Information globalization
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (1)
9. Might Global Uncertainty Promote International Trade?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
10. The Tail that Wags the Economy: Beliefs and Persistent Stagnation
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (27)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (26)

2018

11. Big Data in Finance and the Growth of Large Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (79)
12. Germs, Social Networks, and Growth
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (27)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (20)
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2012) View citations (20)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (27)
13. The Tail that Keeps the Riskless Rate Low
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Chapter The Tail That Keeps the Riskless Rate Low, NBER Chapters, National Bureau of Economic Research, Inc (2018) View citations (12) (2018)

2017

14. Long Run Growth of Financial Technology
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
15. Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Markets
    2017 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (8)

2016

16. Can Global Uncertainty Promote International Trade?
    Working Papers, Barcelona School of Economics
17. The Common Origin of Uncertainty Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
18. The Long-Run Evolution of the Financial Sector
    2016 Meeting Papers, Society for Economic Dynamics View citations (1)
19. The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation
    2016 Meeting Papers, Society for Economic Dynamics View citations (13)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (34)
20. What Are Uncertainty Shocks?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)

2015

21. Black Swans and the Many Shades of Uncertainty
    2015 Meeting Papers, Society for Economic Dynamics View citations (1)
22. Intermediaries as Information Aggregators
    2015 Meeting Papers, Society for Economic Dynamics View citations (4)
23. Taking orders and taking notes: dealer information sharing in financial markets
    Staff Reports, Federal Reserve Bank of New York View citations (6)

2014

24. Information Globalization, Risk Sharing, and International Trade
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)
25. Uncertainty Shocks and the Role of the Black Swan
    2014 Meeting Papers, Society for Economic Dynamics View citations (24)
26. Understanding Uncertainty Shocks and the Role of Black Swans
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (81)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (81)

2013

27. Understanding Uncertainty Shocks
    2013 Meeting Papers, Society for Economic Dynamics View citations (18)

2012

28. Should We Regulate Financial Information
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (5)
    See also Journal Article Should we regulate financial information?, Journal of Economic Theory, Elsevier (2015) View citations (37) (2015)
29. Time-Varying Fund Manager Skill
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (6)
    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 (185) (2014)

2011

30. De-regulating Markets for Financial Information
    2011 Meeting Papers, Society for Economic Dynamics View citations (1)

2010

31. Germs, Ideas and Growth
    2010 Meeting Papers, Society for Economic Dynamics

2009

32. Nature or Nurture? Learning and the Geography of Female Labor Force Participation
    2009 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (6)
    See also Journal Article Nature or Nurture? Learning and the Geography of Female Labor Force Participation, Econometrica, Econometric Society (2011) View citations (289) (2011)
33. Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (235)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2008) View citations (10)
    See also Journal Article Ratings shopping and asset complexity: A theory of ratings inflation, Journal of Monetary Economics, Elsevier (2009) View citations (240) (2009)
34. Rational Attention Allocation Over the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
35. Recessions are a Time to Shine: A theory of attention allocation over the business cycle
    2009 Meeting Papers, Society for Economic Dynamics

2008

36. Gone Shopping: A Theory of Ratings Inflation
    2008 Meeting Papers, Society for Economic Dynamics
37. Income Dispersion and Counter-Cyclical Markups
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Income dispersion and counter-cyclical markups, Journal of Monetary Economics, Elsevier (2009) View citations (27) (2009)
38. Information Acquisition and Under-Diversification
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2008) View citations (11)
    See also Journal Article Information Acquisition and Under-Diversification, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (237) (2010)
39. Leadership, Coordination and Mission-Driven Management
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)

2007

40. Asset Pricing in a Production Economy with Chew-Dekel Preferences
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (13)
41. 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 (454) (2009)
42. Knowing What Others Know: Coordination Motives in Information Acquisition
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2006) View citations (7)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (5)
    See also Journal Article Knowing What Others Know: Coordination Motives in Information Acquisition, The Review of Economic Studies, Review of Economic Studies Ltd (2009) View citations (253) (2009)
43. Nature or Nurture? Learning and Female Labor Force Dynamics
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (17)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (17)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (8)
    Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (29)

2006

44. Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2006)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (1)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2006) View citations (2)
    Working Paper Series, Federal Reserve Bank of San Francisco (2006) View citations (3)
    See also Journal Article Aggregate shocks or aggregate information? Costly information and business cycle comovement, Journal of Monetary Economics, Elsevier (2007) View citations (64) (2007)
45. An Information-Based Explanation for Industry Comovement
    2006 Meeting Papers, Society for Economic Dynamics
46. Income Dispersion, Asymmetric Information and Fluctuations in Market Efficiency
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (5)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (5)

2005

47. Information Acquisition and Portfolio Underdiversification
    2005 Meeting Papers, Society for Economic Dynamics View citations (20)

2004

48. Information Markets and the Comovement of Asset Prices
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
    Also in 2004 Meeting Papers, Society for Economic Dynamics (2004)
    See also Journal Article Information Markets and the Comovement of Asset Prices, The Review of Economic Studies, Review of Economic Studies Ltd (2006) View citations (171) (2006)
49. Media Frenzies in Markets for Financial Information
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (8)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2003) View citations (4)
    See also Journal Article Media Frenzies in Markets for Financial Information, American Economic Review, American Economic Association (2006) View citations (116) (2006)

2003

50. Learning Asymmetries in Real Business Cycles
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (1)
    See also Journal Article Learning asymmetries in real business cycles, Journal of Monetary Economics, Elsevier (2006) View citations (249) (2006)

Journal Articles

2017

1. Comment
   NBER Macroeconomics Annual, 2017, 31, (1), 531 - 539

2016

2. A Rational Theory of Mutual Funds' Attention Allocation
   Econometrica, 2016, 84, 571-626 View citations (73)

2015

3. Should we regulate financial information?
   Journal of Economic Theory, 2015, 158, (PB), 697-720 View citations (37)
   See also Working Paper Should We Regulate Financial Information, Working Papers (2012) View citations (5) (2012)

2014

4. Time-Varying Fund Manager Skill
   Journal of Finance, 2014, 69, (4), 1455-1484 View citations (185)
   See also Working Paper Time-Varying Fund Manager Skill, CEPR Discussion Papers (2012) View citations (6) (2012)

2013

5. Leadership, Coordination, and Corporate Culture
   The Review of Economic Studies, 2013, 80, (2), 512-537 View citations (40)

2012

6. Information Choice Technologies
   American Economic Review, 2012, 102, (3), 35-40 View citations (13)

2011

7. Nature or Nurture? Learning and the Geography of Female Labor Force Participation
   Econometrica, 2011, 79, (4), 1103-1138 View citations (289)
   See also Working Paper Nature or Nurture? Learning and the Geography of Female Labor Force Participation, 2009 Meeting Papers (2009) View citations (2) (2009)

2010

8. Information Acquisition and Under-Diversification
   The Review of Economic Studies, 2010, 77, (2), 779-805 View citations (237)
   See also Working Paper Information Acquisition and Under-Diversification, NBER Working Papers (2008) View citations (10) (2008)

2009

9. Income dispersion and counter-cyclical markups
   Journal of Monetary Economics, 2009, 56, (6), 791-804 View citations (27)
   See also Working Paper Income Dispersion and Counter-Cyclical Markups, NBER Working Papers (2008) View citations (4) (2008)
10. Information Immobility and the Home Bias Puzzle
    Journal of Finance, 2009, 64, (3), 1187-1215 View citations (454)
    See also Working Paper Information Immobility and the Home Bias Puzzle, NBER Working Papers (2007) View citations (26) (2007)
11. Knowing What Others Know: Coordination Motives in Information Acquisition
    The Review of Economic Studies, 2009, 76, (1), 223-251 View citations (253)
    See also Working Paper Knowing What Others Know: Coordination Motives in Information Acquisition, CEPR Discussion Papers (2007) View citations (3) (2007)
12. Learning about reform: Time-varying support for structural adjustment
    International Review of Economics & Finance, 2009, 18, (2), 192-206 View citations (4)
13. Ratings shopping and asset complexity: A theory of ratings inflation
    Journal of Monetary Economics, 2009, 56, (5), 678-695 View citations (240)
    See also Working Paper Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation, NBER Working Papers (2009) View citations (235) (2009)

2007

14. Aggregate shocks or aggregate information? Costly information and business cycle comovement
    Journal of Monetary Economics, 2007, 54, (Supplement 1), 37-55 View citations (64)
    See also Working Paper Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement, NBER Working Papers (2006) View citations (1) (2006)

2006

15. Information Markets and the Comovement of Asset Prices
    The Review of Economic Studies, 2006, 73, (3), 823-845 View citations (171)
    See also Working Paper Information Markets and the Comovement of Asset Prices, Working Papers (2004) (2004)
16. Inside Information and the Own Company Stock Puzzle
    Journal of the European Economic Association, 2006, 4, (2-3), 623-633 View citations (10)
17. Learning asymmetries in real business cycles
    Journal of Monetary Economics, 2006, 53, (4), 753-772 View citations (249)
    See also Working Paper Learning Asymmetries in Real Business Cycles, Working Papers (2003) View citations (1) (2003)
18. Media Frenzies in Markets for Financial Information
    American Economic Review, 2006, 96, (3), 577-601 View citations (116)
    See also Working Paper Media Frenzies in Markets for Financial Information, Econometric Society 2004 North American Winter Meetings (2004) View citations (8) (2004)
19. Uncertainty, policy ineffectiveness and long stagnation of the macroeconomy
    Japan and the World Economy, 2006, 18, (3), 273-277

2005

20. Slow boom, sudden crash
    Journal of Economic Theory, 2005, 124, (2), 230-257 View citations (120)

Books

2011

1. Information Choice in Macroeconomics and Finance
   Economics Books, Princeton University Press View citations (183)

Chapters

2018

1. The Tail That Keeps the Riskless Rate Low
   A chapter in NBER Macroeconomics Annual 2018, volume 33, 2018, pp 253-283 View citations (12)
   See also Working Paper The Tail that Keeps the Riskless Rate Low, National Bureau of Economic Research, Inc (2018) View citations (12) (2018)

2016

2. Comment on "Is the Macroeconomy Locally Unstable and Why Should We Care?"
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 531-539

2011

3. Why Study Information Choice?
   A chapter in Information Choice in Macroeconomics and Finance, 2011