{"id":18,"date":"2018-12-20T02:35:53","date_gmt":"2018-12-20T02:35:53","guid":{"rendered":"https:\/\/faculty.som.yale.edu\/garygorton\/?page_id=18"},"modified":"2021-02-22T15:12:19","modified_gmt":"2021-02-22T15:12:19","slug":"working-papers","status":"publish","type":"page","link":"https:\/\/faculty.som.yale.edu\/garygorton\/working-papers\/","title":{"rendered":"Working Papers"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text][vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text]<\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/The-Supply-and-Demand-for-Safe-Assets.pdf\">&#8220;The Supply and Demand for Safe Assets,&#8221;<\/a>(with Guillermo Ordonez).<\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2021\/02\/Ignorance-Debt-and-Financial-Crises.pdf\">&#8220;Ignorance, Debt and Financial Crises<\/a>,&#8221;(with Tri Vi Dang and Bengt Holmstr\u00f6m).<\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Adverse-Selection-Dynamics-in-Privately-Produced-Safe-Debt-Markets.pdf\">&#8220;Adverse Selection Dynamics in Privately-Produced Safe Debt Markets,&#8221;<\/a>(with Nathan Foley-Fisher and Stephane Verani).<\/p>\n<p>&#8220;<a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/An-Econometric-Chronology-of-the-Financial-Crisis-of-2007-2008.pdf\">An Econometric Chronology of the Financial Crisis of 2007-2008,&#8221;<\/a>(with Andrew Metrick and Lei Xie).<\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/10\/Corporate-Culture-as-a-Theory-of-the-Firm.pdf\">&#8220;Corporate Culture as a Theory of the Firm,&#8221;<\/a>(with Alexander Zentefis).<\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/10\/Social-Progress-and-Corporate-Culture.pdf\">&#8220;Social Progress and Corporate Culture,&#8221;<\/a>(with Alexander Zentefis).<\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/1930-First-Modern-Crisis.pdf\">&#8220;1930 First Modern Crisis,&#8221;<\/a>(with Toomas Laarits and Tyler Muir)<\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/Optimal-Monetary-Policy-in-a-Collateralized-Economy.pdf\">&#8220;Optimal Monetary Policy in a Collateralized Economy,&#8221;<\/a>(with Ping He)<\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/10\/Private-Money-Production-without-Banks.pdf\">&#8220;Private Money Production without Banks&#8221;<\/a><\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2020\/11\/The-Macroprudential-Role-of-Stock-Markets.pdf\">&#8220;The Macroprudential Role of Stock Markets,&#8221;<\/a>(with Kyriakos Chousakos and Guillermo Ordonez)<\/p>\n<p>&nbsp;<\/p>\n<div id=\"content\">\n<p><a href=\"https:\/\/faculty.som.yale.edu\/garygorton\/wp-content\/uploads\/sites\/20\/2019\/06\/ReviewAug25.pdf\">&#8220;Stress for Success: A Review of Timothy Geithner&#8217;s Financial Crisis Memoir&#8221;<\/a><\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2019\/06\/GortonTallmanPaper_June_9_2015.pdf\">&#8220;How Did Pre-Fed Banking Panics End?,&#8221;<\/a> (with Ellis Tallman).<\/p>\n<p><a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2019\/06\/FactsandFantasiesaboutCommodity.pdf\">&#8220;Facts and Fantasies about Commodity Futures Ten Year Later,&#8221;<\/a> (with Geetesh Bhardwaj and Geert Rouwenhorst).<\/p>\n<p>&#8220;<a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2019\/06\/ABAP_20111019.pdf\" target=\"blank\" rel=\"noopener noreferrer\">Agency-Based Asset Pricing<\/a>,&#8221; (with Ping He and Lixin Huang).<\/p>\n<p>&#8220;Bank Capital and Survival during the Financial Crisis,&#8221; (with Stefan Lewellen and Andrew Metrick).<\/p>\n<p>&#8220;<a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2019\/06\/Collateral_Learning_011012.pdf\" target=\"blank\" rel=\"noopener noreferrer\">Collateral Crises<\/a>,&#8221; (with Guillermo Ordo\u00f1ez).<\/p>\n<p>&#8220;<a href=\"https:\/\/spinup-000d1a-wp-offload-media.s3.amazonaws.com\/faculty\/wp-content\/uploads\/sites\/20\/2019\/06\/SomeThoughtsontheRecentFinancialCrisisAug29.pdf\">Some Reflections on the Recent Financial Crisis<\/a>&#8221;<\/p>\n<p>&#8220;<a href=\"http:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=1395633\" target=\"blank\" rel=\"noopener noreferrer\">The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover<\/a>,&#8221; (with Lixin Huang and Qiang Kang).<\/p>\n<p>&#8220;Understanding Financial Crises&#8221;<\/p>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text][vc_row][vc_column width=&#8221;1\/1&#8243;][vc_column_text] &#8220;The Supply and Demand for Safe Assets,&#8221;(with Guillermo Ordonez). &#8220;Ignorance, Debt and Financial Crises,&#8221;(with Tri Vi Dang and Bengt Holmstr\u00f6m). &#8220;Adverse Selection Dynamics in Privately-Produced Safe Debt Markets,&#8221;(with Nathan Foley-Fisher and Stephane Verani). &#8220;An Econometric Chronology of the Financial Crisis of 2007-2008,&#8221;(with Andrew Metrick and Lei Xie). &#8220;Corporate Culture as a Theory of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"class_list":{"0":"post-18","1":"page","2":"type-page","3":"status-publish","5":"entry"},"_links":{"self":[{"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/pages\/18","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/comments?post=18"}],"version-history":[{"count":23,"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/pages\/18\/revisions"}],"predecessor-version":[{"id":409,"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/pages\/18\/revisions\/409"}],"wp:attachment":[{"href":"https:\/\/faculty.som.yale.edu\/garygorton\/wp-json\/wp\/v2\/media?parent=18"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}