BFI Working Papers

Sharing research in progress—and refining it through rigorous discussion and debate—is a hallmark of scholarship at the Becker Friedman Institute for Economics.
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BFI Working Paper Jan 25, 2022

Understanding the Ownership Structure of Corporate Bonds

Ralph Koijen, Motohiro Yogo
Topics:  Financial Markets
BFI Working Paper Jul 20, 2021

The Evolution from Life Insurance to Financial Engineering

Ralph Koijen, Motohiro Yogo
Topics:  Financial Markets
BFI Working Paper Jun 28, 2021

In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis

Xavier Gabaix, Ralph Koijen
Topics:  Financial Markets
BFI Working Paper Dec 14, 2020

Granular Instrumental Variables

Xavier Gabaix, Ralph Koijen
Topics:  Uncategorized
BFI Working Paper Aug 4, 2020

Coronavirus: Impact on Stock Prices and Growth Expectations

Niels Gormsen, Ralph Koijen
Topics:  Financial Markets, COVID-19
BFI Working Paper Apr 8, 2020

The Fragility of Market Risk Insurance

Ralph Koijen, Motohiro Yogo
Topics:  COVID-19
BFI Working Paper Jul 29, 2019

Inspecting the Mechanism of Quantitative Easing in the Euro Area

Ralph Koijen, François Koulischer, Benoît Nguyen, Motohiro Yogo
Topics:  Financial Markets
BFI Working Paper Jun 17, 2019

Which Investors Matter for Global Equity Valuations and Expected Returns?

Ralph Koijen, Robert J. Richmond, Motohiro Yogo
Topics:  Financial Markets