Carolin E. Pflueger

University of Chicago - Harris School of Public Policy

1155 East 60th Street

Chicago, IL 60637

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

11

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SSRN CITATIONS
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Top 6,405

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169

CROSSREF CITATIONS

40

Scholarly Papers (11)

1.
Downloads 1,251 ( 19,878)
Citation 38

Macroeconomic Drivers of Bond and Equity Risks

Harvard Business School Finance Working Paper No. 14-031
Number of pages: 55 Posted: 29 Sep 2013 Last Revised: 05 Dec 2019
John Y. Campbell, Carolin E. Pflueger and Luis M. Viceira
Harvard University - Department of Economics, University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 1,226 (20,156)
Citation 38

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consumption-based habit formation; consumption Euler equation; time-varying risk premia; inflation dynamics; bond-stock correlation

Macroeconomic Drivers of Bond and Equity Risks

NBER Working Paper No. w20070
Number of pages: 56 Posted: 28 Apr 2014
John Y. Campbell, Carolin E. Pflueger and Luis M. Viceira
Harvard University - Department of Economics, University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 25 (611,784)
Citation 1

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2.

A Robust Test for Weak Instruments in Stata

Number of pages: 16 Posted: 05 Nov 2013 Last Revised: 03 Dec 2014
Carolin E. Pflueger and Su Wang
University of Chicago - Harris School of Public Policy and University of Amsterdam Business School
Downloads 748 (41,436)
Citation 21

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F Statistic, Heteroskedasticity, Autocorrelation, Clustered, Stata

Financial Market Risk Perceptions and the Macroeconomy

Harvard Business School Finance Working Paper No. 17-040
Number of pages: 66 Posted: 22 Nov 2016 Last Revised: 06 Sep 2019
Carolin E. Pflueger, Emil Siriwardane and Adi Sunderam
University of Chicago - Harris School of Public Policy, Harvard Business School - Finance Unit and Harvard University - Business School (HBS)
Downloads 441 (80,266)

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risk-centric business cycles, cross-section of equities, real risk-free rate, real investment

Financial Market Risk Perceptions and the Macroeconomy

NBER Working Paper No. w26290
Number of pages: 65 Posted: 23 Sep 2019
Carolin E. Pflueger, Emil Siriwardane and Aditya Sunderam
University of Chicago - Harris School of Public Policy, Harvard Business School - Finance Unit and Harvard University
Downloads 12 (712,627)
Citation 7
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Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy

Number of pages: 49 Posted: 07 Feb 2017 Last Revised: 13 Jan 2020
Wenxin Du, Carolin E. Pflueger and Jesse Schreger
University of Chicago Booth School of Business, University of Chicago - Harris School of Public Policy and Columbia University - Columbia Business School
Downloads 344 (107,084)
Citation 14

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local currency debt, bond betas, inflation cyclicality, bond risk premia, inflation commitment

Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2019-110
Number of pages: 46 Posted: 28 Aug 2019
Wenxin Du, Carolin E. Pflueger and Jesse Schreger
University of Chicago Booth School of Business, University of Chicago - Harris School of Public Policy and Columbia University - Columbia Business School
Downloads 32 (566,188)
Citation 1

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Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy

NBER Working Paper No. w22592
Number of pages: 46 Posted: 07 Sep 2016 Last Revised: 26 Mar 2021
Wenxin Du, Carolin E. Pflueger and Jesse Schreger
University of Chicago Booth School of Business, University of Chicago - Harris School of Public Policy and Harvard University - Business School (HBS)
Downloads 16 (679,827)

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5.
Downloads 339 (109,616)

Flexible Prices and Leverage

Robert H. Smith School Research Paper No. RHS 2692893
Number of pages: 53 Posted: 24 Nov 2015 Last Revised: 04 Feb 2017
Francesco D'Acunto, Ryan Liu, Carolin E. Pflueger and Michael Weber
Boston College, BlackRock, University of Chicago - Harris School of Public Policy and University of Chicago - Finance
Downloads 171 (214,287)

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Capital Structure, Nominal Rigidities, Bank Deregulation, Industrial Organization and Finance, Price Setting, Bankruptcy

Flexible Prices and Leverage

CESifo Working Paper Series No. 6317
Number of pages: 77 Posted: 28 Feb 2017
Francesco D'Acunto, Ryan Liu, Carolin E. Pflueger and Michael Weber
Boston College, University of California, Berkeley, University of Chicago - Harris School of Public Policy and University of Chicago - Finance
Downloads 87 (354,589)

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capital structure, nominal rigidities, bank deregulation, industrial organization and finance, price setting, bankruptcy

Flexible Prices and Leverage

Robert H. Smith School Research Paper No. RHS 2901025
Number of pages: 83 Posted: 19 Jan 2017 Last Revised: 03 Apr 2017
Francesco D'Acunto, Ryan Liu, Carolin E. Pflueger and Michael Weber
Boston College, BlackRock, University of Chicago - Harris School of Public Policy and University of Chicago - Finance
Downloads 69 (406,436)

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Capital Structure, Nominal Rigidities, Bank Deregulation, Industrial Organization and Finance, Price Setting, Bankruptcy

Flexible Prices and Leverage

NBER Working Paper No. w23066
Number of pages: 51 Posted: 23 Jan 2017
Francesco D'Acunto, Carolin E. Pflueger, Michael Weber and Ryan Liu
Boston College, University of Chicago - Harris School of Public Policy, University of Chicago - Finance and University of California, Berkeley
Downloads 12 (712,627)

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6.

Inflation Risk in Corporate Bonds

Journal of Finance, Forthcoming
Number of pages: 72 Posted: 15 Mar 2012 Last Revised: 15 Jun 2018
Johnny Kang and Carolin E. Pflueger
BlackRock, Inc and University of Chicago - Harris School of Public Policy
Downloads 307 (121,993)
Citation 12

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Inflation Volatility, Nominal-Real Correlation, International Credit Spreads, Corporate Default, Capital Structure, Leverage

Return Predictability in the Treasury Market: Real Rates, Inflation, and Liquidity

Number of pages: 50 Posted: 15 Mar 2011 Last Revised: 27 Sep 2013
Carolin E. Pflueger and Luis M. Viceira
University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 213 (175,565)
Citation 2

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Term structure, Real interest rate risk, Inflation risk, Inflation-Indexed Bonds

Return Predictability in the Treasury Market: Real Rates, Inflation, and Liquidity

NBER Working Paper No. w16892
Number of pages: 50 Posted: 21 Mar 2011 Last Revised: 27 Feb 2021
Carolin E. Pflueger and Luis M. Viceira
University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 49 (481,021)
Citation 6

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Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-138
Number of pages: 81 Posted: 30 Sep 2020
Carolin E. Pflueger and Gianluca Rinaldi
University of Chicago - Harris School of Public Policy and Harvard University, Department of Economics
Downloads 35 (549,122)

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Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion

NBER Working Paper No. w27856
Number of pages: 81 Posted: 28 Sep 2020 Last Revised: 11 Feb 2021
Carolin E. Pflueger and Gianluca Rinaldi
University of Chicago - Harris School of Public Policy and Harvard University, Department of Economics
Downloads 8 (746,177)
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Inflation-Indexed Bonds and the Expectations Hypothesis

NBER Working Paper No. w16903
Number of pages: 32 Posted: 28 Mar 2011 Last Revised: 10 Mar 2021
Carolin E. Pflueger and Luis M. Viceira
University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit
Downloads 42 (513,032)
Citation 4

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Inflation-Indexed Bonds and the Expectations Hypothesis

Annual Review of Financial Economics, Vol. 3, pp. 139-158, 2011
Posted: 10 Jan 2012
Carolin E. Pflueger and Luis M. Viceira
University of Chicago - Harris School of Public Policy and Harvard Business School - Finance Unit

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Doubling Down on Debt: Limited Liability as a Financial Friction

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-122
Number of pages: 71 Posted: 08 Sep 2020
Jesse Perla, Carolin E. Pflueger and Michal Szkup
University of British Columbia (UBC), University of Chicago - Harris School of Public Policy and University of British Columbia - Department of Economics
Downloads 22 (633,819)

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Doubling Down on Debt: Limited Liability as a Financial Friction

NBER Working Paper No. w27747
Number of pages: 71 Posted: 31 Aug 2020
Jesse Perla, Carolin E. Pflueger and Michael Szkup
University of British Columbia (UBC), University of Chicago - Harris School of Public Policy and affiliation not provided to SSRN
Downloads 3 (789,184)
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Doubling Down on Debt: Limited Liability as a Financial Friction

CEPR Discussion Paper No. DP15238
Number of pages: 73 Posted: 12 Sep 2020
Jesse Perla, Carolin E. Pflueger and Michael Szkup
University of British Columbia (UBC), University of Chicago - Harris School of Public Policy and affiliation not provided to SSRN
Downloads 1 (813,335)
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Debt overhang, equity payout restrictions, leverage, Overinvestment, underinvestment

11.

A Measure of Risk Appetite for the Macroeconomy

NBER Working Paper No. w24529
Number of pages: 55 Posted: 23 Apr 2018 Last Revised: 11 Jul 2021
Carolin E. Pflueger, Emil Siriwardane and Aditya Sunderam
University of Chicago - Harris School of Public Policy, Harvard Business School - Finance Unit and Harvard University
Downloads 23 (607,380)

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