Publications

Accepted and Forthcoming Papers

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

Dávila E., Hébert B., Optimal Corporate Taxation Under Financial Frictions. Forthcoming, Review of Economic Studies. (New version: September 2022)

In-Print

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), 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”

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.

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): 3119-45. 2017.

The Promises and Pitfalls of Genoeconomics. Annual 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 Positives. Psychological Science. 2012. 

Fuster A, Hébert B, Laibson D. Investment Dynamics with Natural Expectations. International 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)

Du W., Hébert B., Li W., Intermediary Balance Sheets and the Treasury Yield Curve (Revise and Re-submit, Journal of Financial Economics. New version: May 2023)

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

Di Tella S., Hébert B., Kurlat P., Wang Q., The Zero-Beta Rate (New Paper, March 2023)