Research Centers & Faculty Publications Making Impact
Our faculty pursue solutions to the world's most significant challenges through their research and collaborations. We have built Centers and Labs to bridge academia and industry promoting research with the greatest impact in the application of finance.
Research Centers
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CFI Consumer Finance Initiative
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Finance and Policy Golub Center for Finance and Policy
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MIT LFE MIT Laboratory for Financial Engineering
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CEEPR MIT Center for Energy and Environmental Policy Research
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CSAIL MIT Computer Science and Artificial Intelligence Laboratory
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MIT ORC MIT Operations Research Center
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Trust Center for MIT Entrepreneurship Entrepreneurship at MIT
Select Publications and Working Papers
"An IV Hazard Model of Loan Default with an Application to Subprime Mortgage Cohorts."
Palmer, Christopher J. The Journal of Finance. Forthcoming. Code. Download Preprint.
"Changing Income Risk Across the US Skill Distribution: Evidence from a Generalized Kalman Filter."
Braxton, J. Carter, Kyle Herkenhoff, Jonathan Rothbaum, and Lawrence D. W. Schmidt. American Economic Review. Forthcoming.
"Climbing and Falling Off the Ladder: Asset Pricing Implications of Labor Market Event Risk."
Schmidt, Lawrence D. W. Journal of Financial Economics. Forthcoming.
"Comment on ‘Dynamic Scoring: A Progress Report on Why, When, and How,' by Douglas Elmendorf, Glenn Hubbard, and Heidi Williams."
Lucas, Deborah J. Brookings Papers on Economic Activity. Forthcoming.
"Common Fund Flows: Flow Hedging and Factor Pricing."
Dou, Winston Wei, Leonid Kogan, and Wei Wu. The Journal of Finance. Forthcoming.
"Default Options and Retirement Saving Dynamics."
Choukhmane, Taha. Forthcoming.
"Dividend Momentum and Stock Return Predictability: A Bayesian Approach."
Antolín-Díaz, Juan, Ivan Petrella and Juan Rubio-Ramirez. Review of Financial Studies. Forthcoming. SSRN.
"Estimating Correlations Between Clinical Trial Outcomes Using Generalised Estimating Equations."
Dai, Yuehao, Andrew W. Lo, Manish Singh, Qingyang Xu, and Ruixun Zhang. Oxford Bulletin of Economics and Statistics. Forthcoming.
"Failing Banks."
Correia, Sergio, Stephan Luck, and Emil Verner. The Quarterly Journal of Economics. Forthcoming.
"Nonbank Fragility in Credit Markets: Evidence from a Two-Layer Asset Demand System."
Darmouni, Olivier, Kerry Y. Siani, and Kairong Xiao. Journal of Finance. Forthcoming. SSRN Preprint.
"Optimal Financing Design for Drug Development Firms."
Thakor, Richard T. and Andrew W. Lo. Research Policy. Forthcoming. SSRN Preprint.
"Paying off the Competition: Contracting, Market Power, and Innovation Incentives."
Li, Xuelin, Andrew W. Lo, and Richard Thakor. Review of Finance. Forthcoming. SSRN Preprint.
"Raising Bond Capital in Segmented Markets."
Siani, Kerry Y. The Review of Financial Studies. Forthcoming.
"The Effects of Mandatory Profit-Sharing on Workers and Firms: Evidence from France."
Nimier-David, Elio, David Alexandre Sraer, and David Thesmar. The Quarterly Journal of Economics. Forthcoming. SSRN Preprint.
"The Foreign Currency Fisher Channel: Evidence from Households."
Gyongyosi, Gyozo, Judit Rariga, and Emil Verner. The Review of Financial Studies. Forthcoming. SSRN Preprint.
"The Last Mile of Monetary Policy: Inattention, Reminders, and the Refinancing Channel."
Byrne, Shane, Kenneth Devine, Michael King,Yvonne McCarthy, and Christopher John Palmer. Journal of Finance. Forthcoming. Download Preprint.
"The Missing LTV Cycle."
Adelino, Manuel, W. Ben McCartney, and Antoinette Schoar. American Economic Review: Insights. Forthcoming. SSRN.