Du W., Hébert B., Li W., Intermediary Balance Sheets and the Treasury Yield Curve. Journal of Financial Economics, Volume 150, Issue 3, December 2023, 103722.

Hébert B., La’O J., Information Acquisition, Efficiency, and Non-Fundamental Volatility. Journal of Political Economy  131:10, October 2023, Pages 2666-2723.

Dávila E., Hébert B., Optimal Corporate Taxation Under Financial Frictions. The Review of Economic Studies, Volume 90, Issue 4, July 2023, Pages 1893–1933.

Du W., Hébert B., Wang A., Are Intermediary Constraints Priced? The Review of Financial Studies, Volume 36, Issue 4, April 2023, Pages 1464–1507.

Hébert B., Woodford M., Rational Inattention when Decisions Take Time.   Journal of Economic Theory, 208, March 2023.

  • This paper contains our work on rational inattention in dynamic models
  • Subsumes part of working papers “Rational Inattention with Sequential Information Sampling”, “Information Costs and Sequential Information Sampling”, and “Rational Inattention in Continuous Time”
  • Replication code for figures (.zip): Here

Hébert B., Woodford M., Neighborhood-Based Information Costs. American Economic Review, 111(10), October 2021, Pages 3225-55.

  • This paper contains our work on neighborhood-based information costs in static models
  • Subsumes part of working papers “Rational Inattention with Sequential Information Sampling” and “Information Costs and Sequential Information Sampling”

Hartman-Glaser, B., Hébert B., The Insurance is the Lemon: Failing to Index Contracts. The Journal of Finance, 75, February 2020, Pages 463-506.

Hébert, Benjamin. Moral Hazard and the Optimality of Debt.  The Review of Economic Studies, Volume 85(4): 2214–2252, October 1, 2018.

Hébert, Benjamin, and Jesse Schreger. The Costs of Sovereign Default: Evidence from Argentina. American Economic Review, 107(10), October 2017, Pages 3119-45.

The Promises and Pitfalls of GenoeconomicsAnnual Review of Economics. 2012
A review article by several co-authors that incorporates “Most Reported Genetic Associations With General Intelligence Are Probably False Positives.”

Chabris CF, Hébert B, Benjamin DJ, Beauchamp J, Cesarini D, van der Loos M, Johannesson M, Magnusson PKE, Lichtenstein P, Atwood CS, et al. Most Reported Genetic Associations With General Intelligence Are Probably False PositivesPsychological Science. 2012. 

Fuster A, Hébert B, Laibson D. Investment Dynamics with Natural ExpectationsInternational Journal of Central Banking. 2012.
Part of a conference in honor of Ben Friedman.

Fuster A, Hébert B, Laibson D. Natural Expectations, Macroeconomic Dynamics, and Asset Pricing. NBER Macroeconomics Annual. 2011.

Working Papers

Hébert B., Externalities as Arbitrage (New Version: February 2023)

Hébert B., Zhong W., Engagement Maximization (New Paper, July 2022)

Di Tella S., Hébert B., Kurlat P., Wang Q., The Zero-Beta Interest Rate (Revise and Re-submit, Journal of Political Economy. Latest version: January 2024)

Di Tella S., Hébert B., Kurlat P.,  Aggregation, Liquidity, and Asset Prices with Incomplete Markets (New Paper. Latest version: March 2024)