Slides on QE at Princeton Online Seminar link
Slides on Inflation Tail Risks to MBA class link
Slides for presentation to CBO on Fed’s New Monetary Framework link
Paper on Corporate Debt Overhang in the Covid recession and Credit Policies, for BPEA June 2020 link
Proposal for Debtor-in-Possession Lending Facility (with Peter DeMarzo and Josh Rauh) link
Proposal for SME Fed Lending Facility (with Markus Brunnermeier) link
Slides from panel at NBER 2019 Fall meeting on Intermediary Asset Pricing: link
Link to NBER Working Paper version of Krishnamurthy-Vissing-Jorgensen (2007 NBER WP) that includes estimates of demand elasticities for different Treasury bond owners link
See Table VI, Page 46. (This table has been frequently requested of us over the last few years).
Cite: Krishnamurthy, Arvind, and Annette Vissing-Jorgensen. The demand for Treasury debt. No. w12881. National Bureau of Economic Research, 2007.
Update of Krishnamurthy-Vissing-Jorgensen (2012 JPE) graph to include recent data. Note the post-crisis increase in the demand for safe-assets reflected by the right-shift in the demand curve.
