Manuel Adelino

Manuel Adelino
Associate Professor of Finance
CEPR Research Affiliate
NBER Faculty Research Fellow

manuel.adelino@duke.edu
(919) 660-7981

CV

 

Publications

 

11. Dynamics of Housing Debt in the Recent Boom and Bust
      With Antoinette Schoar and Felipe Severino
      2017 NBER Macro Annual, Forthcoming.

10. The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration
      [published version]
      With Igor Cunha and Miguel Ferreira
      Review of Financial Studies, Volume 30, Issue 9, Pages 3223–3268 (September 2017).

  9. Firm Age, Investment Opportunities, and Job Creation
      [published version], [appendix]
      With Song Ma and David Robinson
      Featured in the VOX blog
      Best Paper Award at the 2014 Red Rock Conference
      Journal of Finance, Volume 72, Issue 3, pages 999-1038 (June 2017).

  8. The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities
      [published version], [appendix]
      With Scott Frame and Kris Gerardi
      Journal of Monetary Economics, Volume 87, Pages 34-51 (May 2017).

  7. Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class
      [published version], [appendix], [data]
      With Antoinette Schoar and Felipe Severino
      RFS Editor's choice.
      RFS Best Paper Runner Up Award, 2017.
      Review of Financial Studies, Volume 29, Issue 7, pages 1635-1670 (July 2016).

  6. Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades
      [published version]
      With Miguel Ferreira
      Review of Financial Studies, Volume 29, Issue 7, pages 1709-1746 (July 2016).

  5. Investment Decisions of Nonprofits: Evidence from Hospitals
      [published version]
      With Katharina Lewellen and Anant Sundaram
      Journal of Finance, Volume 70, Issue 4, pages 1583–1628 (August 2015).

  4. House Prices, Collateral and Self-Employment
      [published version]
      With Antoinette Schoar and Felipe Severino
      Featured in the NBER Digest
      Journal of Financial Economics, Volume 117, Issue 2, Pages 288–306 (August 2015).

  3. Corporate Distress and Lobbying. Evidence from the Stimulus Act
      [published version], [appendix]
      With Serdar Dinc
      Featured in the Harvard Law School Forum on Corporate Governance and Financial Regulation
      Journal of Financial Economics, Volume 114, Issue 2, Pages 256–272 (November 2014).

  2. Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early-Payment Defaults
      [published version]
      With Kris Gerardi and Paul Willen
      Journal of Real Estate Finance and Economics, Volume 49, Issue 3, Pages 352-378 (October 2014).

  1. Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
      [published version], [appendix]
      With Kris Gerardi and Paul Willen
      Featured in The Economist, New York Times, Washington Post, Boston Globe, New Yorker, Bloomberg, BusinessWeek
      Journal of Monetary Economics, Volume 60, Issue 7, Pages 835-853 (October 2013).

 

Working Papers

  4. Are Lemons Sold First? Dynamic Signaling in the Mortgage Market
      With Kris Gerardi and Barney Hartman-Glaser, February 2017 (revise and resubmit).

  3. Financial Condition and Product Quality: The Case of Nonprofit Hospitals
      With Katharina Lewellen and Ben McCartney, November 2016.

  2. Loan Originations and Defaults in the Mortgage Crisis: Further Evidence
      With Antoinette Schoar and Felipe Severino, June 2015.

  1. Credit Supply and House Prices: Evidence from Mortgage Market Segmentation
      [appendix]
      With Antoinette Schoar and Felipe Severino, February 2014.

 

Older (Permanent) Working Papers

  1. Do Investors Rely Only on Ratings? The Case of Mortgage-Backed Securities