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.
"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.
"Implicit Extrapolation and the Beliefs Channel of Investment Demand."
Liu, Haoyang and Christopher John Palmer. Journal of Financial Economics. Forthcoming. Download 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.
"Performance Attribution for Portfolio Constraints."
Lo, Andrew W., and Ruixun Zhang. Management Science. Forthcoming. SSRN Preprint.
"Productive Efficiency in Household Decision-Making: Evidence from the Retirement Savings of US Couples Productive Efficiency in Household Decision-Making: Evidence from the Retirement Savings of US Couples."
Choukhmane, Taha, Lucas Goodman, and Cormac O'Dea. American Economic Review. Forthcoming.
"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.
"Use of Bayesian Decision Analysis to Maximize Value in Patient-Centered Randomized Clinical Trials in Parkinson’s Disease."
Chaudhuri, Shomesh E., Zied Ben Chaouch, Brett Hauber, Brennan Mange, Mo Zhou, Stephanie Christopher, Dawn Bardot, Margaret Sheehan, Anne Donnelly, Lauren McLaughlin, Brittany Caldwell, Heather L. Benz, Martin Ho, Anindita Saha, Katrina Gwinn, Murray Sheldon, and Andrew W. Lo. Journal of Biopharmaceutical Statistics. Forthcoming.
"Value Creation and Stability In Financial Services: How Should We Regulate Banks?"
Krahnen, Jan Pieter, Ted Lindblom, Deborah J. Lucas, Magnus Olsson, Paolo Fulghieri, and Anjan Thakor. Journal of Financial Intermediation. Forthcoming. SSRN Preprint.
"What Drives Investors' Portfolio Choices? Separating Risk Preferences from Frictions."
Choukhmane, Taha, and Tim de Silva. Journal of Finance. Forthcoming.
"Household Portfolios and Retirement Saving over the Life Cycle."
Parker, Jonathan A., Antoinette Schoar, Allison Cole, and Duncan Simester. Journal of Finance Vol. 80, No. 5 (2025): 2739-2787.
"From Economics to AI: Integrating Discretionary and Quantitative Approaches in Asset Management."
Rudin, Alexander, Igor Yelnik, Juan Antolin-Diaz, Frank J. Fabozzi, and Suhail Shaikh. The Journal of Portfolio Management Vol. 51, No. 9 (2025): 196 - 208.
"Government Intervention in the Financial Markets."
Topic: Financial Markets
Wang, Jiang, MIT Sloan Working Paper 6894-22. Cambridge, MA: MIT Sloan School of Management, August 2025.
Keywords: Government Intervention, Government Trading, Financial Markets, Investor Welfare, Market Efficiency
"Revenue Collapses and the Consumption of Small Business Owners in the COVID-19 Pandemic."
Kim, Olivia S., Jonathan A. Parker, and Antoinette Schoar. Journal of Financial Economics Vol. 170, (2025): 104079.
"Attitudes to Debt: The Role of Moral Values."
Topic: Consumer Finance
Paine, Fiona, Antoinette Schoar, and David Thesmar, MIT Sloan Working Paper 7330-25. Cambridge, MA: MIT Sloan School of Management, July 2025.
Keywords: Household Finance, Credit And Lending Markets, Behavioral Economics
"The Long-Run Effects of Government Spending."
Antolin-Diaz, Juan and Paolo Surico. American Economic Review Vol. 115, No. 7 (2025): 2376-2413.