Forthcoming

Du W., Hébert B., Wang A., Are Intermediary Constraints Priced? Review of Financial Studies. (New version: February 2022)

Dávila E., Hébert B., Optimal Corporate Taxation Under Financial Frictions  Review of Economic Studies. (New version: October 2021)

2021

Hébert B., Woodford M., Neighborhood-Based Information Costs. American Economic Review, 111(10), pp.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”

2020

Hartman-Glaser, B., Hébert B., The Insurance is the Lemon: Failing to Index Contracts. The Journal of Finance, 75: 463-506. doi:10.1111/jofi.12856.

2018

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

2017

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

2012

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.

2011

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

Working Papers

Hébert B., Woodford M., Rational Inattention when Decisions Take Time  (Revise and Re-submit, Journal of Economic Theory. New version: April 2022)

  • 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”

Hébert B., La’O J., Information Acquisition, Efficiency, and Non-Fundamental Volatility (Revise and Re-submit, Journal of Political Economy. New version: August 2022)

Hébert B., Externalities as Arbitrage (Updated August 2022)

Du W., Hébert B., Li W., Intermediary Balance Sheets and the Treasury Yield Curve (New Paper, June 2022)

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