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Lukas Schmid

Associate Professor of Finance
Ph.D., University of Lausanne

CEPR Research Fellow



Levered Returns, with Joao Gomes, Journal of Finance 65, 2010, Smith Breeden Award (First Prize) for best paper in the JF, 2010

The Market Price of Fiscal Uncertainty, with Max Croce and Thien Nguyen, Journal of Monetary Economics 59, 2012

Fiscal Policies and Asset Prices, with Max Croce, Howard Kung and Thien Nguyen, Review of Financial Studies 25 (9), 2012, Lead Article

Investment-Based Corporate Bond Pricing, with Lars-Alexander Kuehn, Journal of Finance, December 2014, Napa 2012 Best Paper Award

Innovation, Growth and Asset Prices, with Howard Kung, Journal of Finance, June 2015

Sticky Leverage, with Joao Gomes and Urban Jermann, American Economic Review, December 2016

Dynamic Corporate Liquidity, with Boris Nikolov and Roberto Steri, Journal of Financial Economics, forthcoming

Government Debt and the Returns to Innovation , with Max Croce, Thien Nguyen, and Steve Raymond, Journal of Financial Economics, forthcoming

Equilibrium Asset Pricing with Leverage and Default, with Joao Gomes, Journal of Finance, forthcoming, Jacobs Levy Equity Management Center Research Prize, 2016

Interest Rate Risk Management in Uncertain Times, with Lorenzo Bretscher and Andrea Vedolin, Review of Financial Studies, forthcoming



Working Papers:

Fiscal Policy and the Distribution of Consumption Risk, with Max Croce and Thien Nguyen

A Macrofinance View of US Sovereign CDS Premiums, with Mikhail Chernov and Andres Schneider, Warga Best Fixed Income Paper Award SFS Cavalcade 2016

Competition, Markups and Predictable Returns, with Alexandre Corhay and Howard Kung

Testing Dynamic Agency Theory via Structural Estimation, with Boris Nikolov and Roberto Steri

Levered Ideas: Risk Premia along the Credit Cycle, with Wenxi Liao

Risk-Adjusted Capital Allocation and Misallocation, with Joel David and David Zeke









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