Liquidity and asset pricing
Information in asset markets
Delegated portfolio management
Behavioural finance
Annual Review of Financial Economics, 16, 115 - 151
We study the impact of green investors on stock prices in a dynamic equilibrium model where investors are green, passive or active. Green investors...
In January 2020, the Greek government appointed a Commission to propose a growth plan for the Greek economy. The Pissarides Commission produced a...
The Greek government appointed in January 2020 a Commission chaired by Nobel Prize winner Christopher Pissarides to propose a growth plan. The...
We develop a two-country model in which currency and bond markets are populated by different investor clienteles, and segmentation is partly overcome...
We study how passive investing affects asset prices. Flows into passive funds raise disproportionately the stock prices of the economy’s largest firms...
We study dynamic portfolio choice in a calibrated equilibrium model where value and momentum anomalies arise because capital slowly moves from under-...
