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Lukas Schmid

Associate Professor of Finance
Ph.D. University of Lausanne



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, forthcoming


Working Papers

Equilibrium Credit Spreads and the Macroeconomy, with Joao Gomes


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


Testing Dynamic Agency Theory via Structural Estimation, with Boris Nikolov


Sticky Leverage, with Joao Gomes and Urban Jermann


Dynamic Corporate Liquidity, with Boris Nikolov and Roberto Steri


Markups, Competition and Asset Prices, with Alexandre Corhay and Howard Kung


A Macrofinance View of US Sovereign CDS Premiums, with Mikhail Chernov and Andres Schneider


A Quantitative Dynamic Agency Model of Financing Constraints


Global Entropy, with Max Croce and Thien Nguyen



Work in Progress

Assessing Agency Conflicts in Entrepreneurial Ventures, with Boris Nikolov


Sources of Macroeconomic Risk, with Howard Kung and Aytek Malkhozov


Solving Large Scale Dynamic Programming Models with Linear Programming, with Roberto Steri





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