Howard Kung

London Business School

Assistant Professor of Finance

Sussex Place

Regent's Park

London NW1 4SA

United Kingdom

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

21

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6,638

SSRN CITATIONS
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SSRN RANKINGS

Top 5,281

in Total Papers Citations

187

CROSSREF CITATIONS

63

Scholarly Papers (21)

1.

Fiscal Policies and Asset Prices

Review of Financial Studies, 2012
Number of pages: 47 Posted: 15 Jun 2011 Last Revised: 10 Mar 2017
Finance Department, Bocconi University, London Business School, Ohio State University (OSU) - Department of Finance and University of Southern California - Marshall School of Business
Downloads 1,242 (19,560)
Citation 18

Abstract:

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cost of equity, corporate tax uncertainty, tax smoothing

2.

Innovation, Growth, and Asset Prices

AFA 2012 Chicago Meetings Paper
Number of pages: 50 Posted: 21 Mar 2011 Last Revised: 12 Jun 2014
Howard Kung and Lukas Schmid
London Business School and University of Southern California - Marshall School of Business
Downloads 1,210 (20,373)
Citation 35

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Endogenous growth, asset pricing, innovation, R&D, productivity, recursive preferences

The CAPM Strikes Back? An Equilibrium Model with Disasters

Fisher College of Business Working Paper No. 2015-03-03, Charles A. Dice Center Working Paper No. 2015-03
Number of pages: 58 Posted: 23 Feb 2015 Last Revised: 19 Feb 2018
University of Connecticut - Department of Finance, Ohio State University (OSU) - Department of Finance, London Business School, Cheung Kong Graduate School of Business and Ohio State University - Fisher College of Business
Downloads 492 (68,666)
Citation 2

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The CAPM, Rare Disasters, Measurement Errors, The Consumption CAPM, General Equilibrium

The CAPM Strikes Back? An Equilibrium Model with Disasters

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 07 Mar 2018
University of Connecticut - Department of Finance, Ohio State University (OSU) - Department of Finance, London Business School, Cheung Kong Graduate School of Business and Ohio State University - Fisher College of Business
Downloads 200 (182,383)
Citation 5

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The CAPM, Rare Disasters, Measurement Errors, The Consumption CAPM, General Equilibrium, Approximate Aggregation

The CAPM Strikes Back? An Investment Model with Disasters

NBER Working Paper No. w21016
Number of pages: 41 Posted: 16 Mar 2015 Last Revised: 04 Dec 2020
Hang Bai, Kewei Hou, Howard Kung and Lu Zhang
University of Connecticut - Department of Finance, Ohio State University (OSU) - Department of Finance, London Business School and Ohio State University - Fisher College of Business
Downloads 90 (340,409)

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4.

The Asset Redeployability Channel: How Uncertainty Affects Corporate Investment

Number of pages: 63 Posted: 15 Mar 2012 Last Revised: 20 Mar 2017
Hyunseob Kim and Howard Kung
Cornell University - Samuel Curtis Johnson Graduate School of Management and London Business School
Downloads 699 (44,279)
Citation 22

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Asset redeployability; Uncertainty; Irreversible investment; Capital reallocation; Real options

5.

Competition, Markups and Predictable Returns

Number of pages: 47 Posted: 18 Jan 2015 Last Revised: 27 Aug 2019
Alexandre Corhay, Howard Kung and Lukas Schmid
University of Toronto - Rotman School of Management, London Business School and University of Southern California - Marshall School of Business
Downloads 625 (51,374)
Citation 24

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Production-based asset pricing, imperfect competition, time-varying risk premia, stock return predictability, recursive preferences

Computational Methods for Production-Based Asset Pricing Models with Recursive Utility

Economic Research Initiatives at Duke (ERID) Working Paper No. 87
Number of pages: 45 Posted: 15 Dec 2010 Last Revised: 10 May 2017
Eric M. Aldrich and Howard Kung
University of California, Santa Cruz and London Business School
Downloads 381 (93,439)
Citation 2

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DSGE Models, Nonlinear Solution Methods, Numerical Dynamic Program- ming, Recursive Utility, Asset Pricing

Computational Methods for Production-Based Asset Pricing Models with Recursive Utility

Number of pages: 45 Posted: 26 Sep 2009 Last Revised: 10 May 2017
Eric M. Aldrich and Howard Kung
University of California, Santa Cruz and London Business School
Downloads 59 (432,752)
Citation 1

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DSGE Models, Nonlinear Solution Methods, Numerical Dynamic Programming, Recursive Utility, Asset Pricing.

7.

Micro Uncertainty and Asset Prices

Number of pages: 44 Posted: 13 Aug 2018 Last Revised: 17 Jun 2020
Bernard Herskovic, Thilo Kind and Howard Kung
University of California, Los Angeles (UCLA) - Anderson School of Management, London Business School and London Business School
Downloads 418 (84,359)
Citation 1

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Production-based asset pricing, Neoclassical Investment, Long-run risks, Cross-section of returns, Micro uncertainty, TFP

8.

Macroeconomic Linkages between Monetary Policy and the Term Structure of Interest Rates

Number of pages: 39 Posted: 16 Feb 2014 Last Revised: 21 Feb 2014
Howard Kung
London Business School
Downloads 216 (169,836)
Citation 24

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Term structure of interest rates, asset pricing, recursive preferences, monetary policy, endogenous growth, inflation, productivity

9.

Limited Marital Commitment and Household Portfolios

Number of pages: 31 Posted: 18 Nov 2016
Jawad M. Addoum, Howard Kung and Gonzalo Morales
Cornell University, London Business School and University of Alberta
Downloads 163 (218,322)
Citation 8

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Optimal Portfolio Choice, Limited Commitment, Bargaining Power, Risk Aversion

10.

Q: Risk, Rents, or Growth?

Number of pages: 67 Posted: 26 Mar 2020 Last Revised: 29 Apr 2020
Alexandre Corhay, Howard Kung and Lukas Schmid
University of Toronto - Rotman School of Management, London Business School and University of Southern California - Marshall School of Business
Downloads 141 (246,025)
Citation 4

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Tobin's Q, Aggregate demand, Simulated method of moments, Corporate investment, Intangible capital, Innovation, Industry concentration, Price-dividend ratios, Asset valuations, Equity premium

11.

Threats to Central Bank Independence: High-Frequency Evidence with Twitter

Number of pages: 35 Posted: 24 Sep 2019
Francesco Bianchi, Thilo Kind and Howard Kung
Duke University, London Business School and London Business School
Downloads 135 (254,794)
Citation 1

Abstract:

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Central bank independence, monetary policy, fed funds target, high-frequency identification, twitter

12.

Equilibrium Growth, Inflation, and Bond Yields

Number of pages: 50 Posted: 01 Mar 2012 Last Revised: 04 Jun 2012
Howard Kung
London Business School
Downloads 123 (273,237)
Citation 2

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Term structure of interest rates, asset pricing, recursive preferences, monetary policy, endogenous growth, inflation, productivity.

13.

Government Maturity Structure Twists

Number of pages: 40 Posted: 25 Apr 2016
University of Toronto - Rotman School of Management, London Business School and University of Alberta
Downloads 85 (349,668)
Citation 5

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14.
Downloads 78 (367,832)
Citation 20

Growth, Slowdowns, and Recoveries

Economic Research Initiatives at Duke (ERID) Working Paper No. 184
Number of pages: 39 Posted: 16 Mar 2015 Last Revised: 11 Apr 2015
Francesco Bianchi and Howard Kung
Duke University and London Business School
Downloads 62 (421,961)
Citation 5

Abstract:

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DSGE model, Endogenous growth, Technology Diffusion, Business cycles, Bayesian Methods

Growth, Slowdowns, and Recoveries

NBER Working Paper No. w20725
Number of pages: 38 Posted: 08 Dec 2014
Duke University, London Business School and University of Alberta
Downloads 16 (666,642)

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Growth, Slowdowns, and Recoveries

CEPR Discussion Paper No. DP10291
Number of pages: 44 Posted: 08 Dec 2014 Last Revised: 11 Dec 2017
Duke University, London Business School and University of Alberta
Downloads 0
Citation 11
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Bayesian methods, business cycles, DSGE model, endogenous growth, technology diffusion

Using Social Media to Identify the Effects of Congressional Partisanship on Asset Prices

Number of pages: 43 Posted: 12 Apr 2021
Duke University, London Business School and London Business School
Downloads 71 (392,273)

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asset prices, high-frequency identification, social media, partisanship

Using Social Media to Identify the Effects of Congressional Partisanship on Asset Prices

NBER Working Paper No. w28749
Number of pages: 44 Posted: 03 May 2021 Last Revised: 08 May 2021
Duke University, London Business School and London Business School
Downloads 3 (774,575)
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Using Social Media to Identify the Effects of Congressional Partisanship on Asset Prices

CEPR Discussion Paper No. DP16034
Number of pages: 46 Posted: 14 May 2021
Duke University, London Business School and London Business School
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16.

QE in the Fiscal Theory: A Risk-Based View

Rotman School of Management Working Paper No. 2981085
Number of pages: 52 Posted: 07 Jun 2017
University of Toronto - Rotman School of Management, London Business School and University of Alberta
Downloads 68 (396,831)

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Fiscal Theory of the Price Level, Government Debt, Maturity Structure, Inflation, Bond Risk Premia, Markov-Switching DSGE, Nonlinear Solution Methods, Time-Varying Risk Premia

17.

Disagreement about Innovations and Endogenous Growth

Number of pages: 31 Posted: 05 Dec 2019
Indiana University - Kelley School of Business - Department of Finance, Texas A&M University - Mays Business School - Finance Department and London Business School
Downloads 64 (409,592)

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Disagreement, Optimism, Entrepreneurship, Externality, Endogenous Growth, Innovations, Laffer Curve

18.

A Macroeconomic Foundation for the Equilibrium Term Structure of Interest Rates

Number of pages: 37 Posted: 25 Apr 2013
Howard Kung
London Business School
Downloads 52 (452,012)

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term structure of interest rates, asset pricing, recursive preferences, monetary policy, endogenous growth, inflation, productivity

Threats to Central Bank Independence: High-Frequency Identification with Twitter

NBER Working Paper No. w26308
Number of pages: 49 Posted: 23 Sep 2019
Francesco Bianchi, Howard Kung and Thilo Kind
Duke University, London Business School and London Business School
Downloads 16 (666,642)
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Threats to Central Bank Independence: High-Frequency Identification with Twitter

CEPR Discussion Paper No. DP14021
Number of pages: 51 Posted: 07 Oct 2019 Last Revised: 13 Jan 2020
Francesco Bianchi, Thilo Kind and Howard Kung
Duke University, London Business School and London Business School
Downloads 1 (799,867)
Citation 9
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central bank independence, fed funds target, High-Frequency Identification, monetary policy, Twitter

The Origins and Effects of Macroeconomic Uncertainty

NBER Working Paper No. w25386
Number of pages: 56 Posted: 26 Dec 2018 Last Revised: 14 May 2021
Duke University, London Business School and London Business School
Downloads 6 (748,137)

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The Origins and Effects of Macroeconomic Uncertainty

CEPR Discussion Paper No. DP13450
Number of pages: 58 Posted: 23 Jan 2019
Duke University, London Business School and London Business School
Downloads 0
Citation 3
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Business Cycles, Term Structure of Interest Rates, time-varying risk premia, Uncertainty shocks

21.

Strategic Product Diversity

Posted: 02 Dec 2019 Last Revised: 25 Feb 2021
Nuno Clara, Alexandre Corhay and Howard Kung
Duke University - Finance, University of Toronto - Rotman School of Management and London Business School

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Firm Boundary, Multi Product Firm, Asset Pricing, Imperfect Competition, Financial Frictions, Idiosyncratic Volatility, Productivity, Secular Trends