• How Important Are Inflation Expectations for the Nominal Yield Curve? (with Roberto Gomez-Cram); Review of Financial Studies, forthcoming.
  
  
• Identifying Long-Run Risks: A Bayesian Mixed-Frequency Approach (with Frank Schorfheide and Dongho Song); Econometrica, 2018, 86 (2), 617-654.

• Risks for the Long Run: Estimation with Time Aggregation (with Ravi Bansal and Dana Kiku); Journal of Monetary Economics, 2016, 82, 52-69.

• Good and Bad Uncertainty: Macroeconomic and Financial Market Implications (with Gill Segal, and Ivan Shaliastovich), Journal of Financial Economics, 2015, 117,369-397.

• Volatility, the Macroeconomy and Asset Prices (with Ravi Bansal, Dana Kiku, and Ivan Shaliastovich) 
  Journal of Finance, 2014, LXIX(6), 2471-2511.

• An Empirical Evaluation of the Long-Run Risks Model for Asset Prices (with Ravi Bansal and Dana Kiku) 
  Critical Finance Review, 2012, 1, 183–221

• Sources of Lifetime Inequality (with Mark Huggett and Gustavo Ventura) 
  American Economic Review, December 2011, 2923-2954

• What's Vol Got To Do With It (with Itamar Drechsler) 
  Review of Financial Studies, 2011, 24(1), 1-45

• Long Run Risks, the Macroeconomy and Asset Prices (with Ravi Bansal and Dana Kiku) 
  American Economic Review P&P, May 2010, 542-546

• Oil Futures Prices in a Production Economy with Investment Constraints (with Leonid Kogan and Dmitry Livdan) 
  Journal of Finance, June 2009, 64(3), 1345-1375

• Asset Pricing with Idiosyncrtic Risk and Overlapping Generations (with Kjetil Storesletten and Chris Telmer) 
  Review of Economic Dynamics, 2007, vol-10(4), 519-548

• Asset Prices and Intergenerational Risk Sharing: The Role of Idiosyncratic Earnings Shocks (with Kjetil Storesletten and Chris Telmer) 
  In Handbook of Investments Volume 1; Equity Risk Premium, edited by Rajnish Mehra, North-Holland, 2007

• Asset Pricing Implications of Firms' Financing Constaints (with Joao Gomes and Lu Zhang) 
  Review of Financial Studies, 2006, vol-19(4), pages 1321-1356
  
  
• Human Capital and Earnings Distribution Dynamics (with Mark Huggett and Gustavo Ventura) 
  Journal of Monetary Economics 2006, 53(2), pages 265-290

• Interpretable Asset Markets? (with Ravi Bansal and Varoujan Khatacharian) 
  European Economic Review, 2005, vol-49, 531-560

• How Well Do Banks Manage Their Reserves? (with Eduardo Jallath and Tridas Mukophdyay) 
  Journal of Money Credit and Banking, 2005, vol-37(4), pages 623-644

• Cyclical Dynamics of Idiosyncratic Labor Market Risk (with Kjetil Storesletten and Chris Telmer) 
  Journal of Political Economy, vol 112 (3), June 2004, pp. 695-717

• Risks For the Long Run: A Potential Resolution of Asset Pricing Puzzles (with Ravi Bansal) 
  Journal of Finance, 2004, vol-59, 1481-1509 (Winner of the 2004 Smith-Breeden Paper Award given by the American Finance Association and the Journal of Finance)
  
  
• Consumption and Risk Sharing Over the Life Cycle (with Kjetil Storesletten and Chris Telmer) 
  Journal of Monetary Economics, vol 51 (3), April 2004, pp. 609-633
  
  
• Asset Pricing and Business Cycles with Costly External Finance (with Joao Gomes and Lu Zhang) 
  Review of Economic Dynamics, 2003, 767-788

• The Welfare Costs of Business Cycles Revisted : Finite Lives and Cyclical Variation in Idiosyncratic Risk (with Kjetil Storesletten and Chris Telmer) 
  European Economic Review, 2001, 45, 1311-1339.

• How Important Are Idiosyncratic Shocks? Evidence From Labor Supply (with Kjetil Storesletten and Chris Telmer) 
  American Economic Review, May 2001, 91, 413-417.

• Fixed Costs and Participation Patterns (with Harold Zhang) 
  Revista de Analisis Economico (in English), 2000, 15, 89-109.

• The Risk Sharing Implications of Alternative Social Security Arrangements (with Kjetil Storesletten and Chris Telmer) 
  Carnegie-Rochester Conference on Public Policy, 1999, 50, 213-259. 
  Reprinted in "The Politics and Finance of Social Security Reform", 2002, Cambridge University Press, edited by Robin Brooks and Assaf Razin.

• Finite Sample Properties of Some Alternative GMM Estimators (with Lars P. Hansen and John Heaton) 
  Journal of Business and Economic Statistics, 1996, 14, 261-280.




Working Papers

• Fearing the Fed: How Wall Street Reads Main Street (with Tzuo-Hann Law and Dongho Song); last revised December 2019

• Shifts in Sectoral Wealth Shares and Risk Premia: What Explains Them? (Ravi Bansal and Colin Ward)

• The Term Structure of Equity Risk Premia (with Ravi Bansal, Shane Miller, and Dongho Song)

• How Risky is the U.S. Corporate Sector? (with Tetiana Davydiuk, Scott Richard, and Ivan Shaliastovich)

• Is Social Responsible Investing a Luxury Good? (with Ravi Bansal and Andrew Wu) 

• Corporate Taxes, Leverage, and Business Cycles (with Brent Glover and Joao Gomes); last revised August 2011
  
  
• The Asset Pricing-Macro Nexus and Return-Cash Flow Predictability(with Ravi Bansal); last revised December 2007
  
  
• Equity Capital: A Puzzle? (with Ravi Bansal and Ed Fang); last revised March 2008

• The Foreign Exchange Risk Premium: Real and Nominal Factors (with Burton Hollifield); last revised December 2003

• Asset Prices and Financing Constraints: Firm-Level Evidence (with Joao Gomes and Lu Zhang); last revised July 2003
  
  
• Time-Consistent No-Arbitrage Models of the Term Structure (with Michael Brandt); last revised August 2002

• The Economic Value of Network Externalities in an Electronic Inter-Bank Payment Network: An Empirical Evaluation (with Sandra Slaughter, Eduardo Jallath and Tridas Mukophdyay); last revised August 2001
  
  
• Growth Rate Dynamics and the cost of Economic Fluctuations (with Ravi Bansal); last revised June 2001