• Stock Market Wealth and the Real Economy: A Local Labor Market Approach 

      Chodorow-Reich, Gabriel; Nenov, Plamen; Simsek, Alp (Journal article; Peer reviewed, 2021)
      We provide evidence of the stock market consumption wealth effect by using a local labor market analysis. An increase in local stock wealth driven by aggregate stock prices increases local employment and payroll in nontradable ...
    • Who Acquires Information in Dealer Markets? 

      Rudiger, Jesper; Vigier, Adrien Henri (Journal article; Peer reviewed, 2020)
      We study information acquisition in dealer markets. We first identify a one-sided strategic complementarity in information acquisition: the more informed traders are, the larger market makers' gain from becoming informed. ...