Research Page of Alexander David



Curriculum Vitae

Publications

1. Inflation Uncertainty, Asset Valuations, and the Credit Spreads Puzzle Review of Financial Studies, 2008. Appendices B and C
 
2. Heterogeneous Beliefs, Speculation, and the Equity Premium   Journal of Finance, 2008.  Appendices C and D

3. Pricing the Strategic Value of Putable Securities in Liquidity Crises Journal of Financial Economics, 2001.

4.  Fluctuating Confidence in Stock Markets: Implications for Returns and Volatility Journal of Financial and Quantitative Analysis, 1997.

5. Controlling Information Premia By Repackaging Asset Backed Securities, Journal of Risk and Insurance, 1997.

Working Papers

1. Macroeconomic Uncertainty and Fear Measures Extracted From Index Options with Pietro Veronesi, March 2009.

2. Interbank Hedging and Systemic Risk: The Role of Renegotiation Breakdowns with Alfred Lehar, November 2008.

3. Inflation and Earnings Uncertainty and Volatility Forecasts: A Structural Form Approach  with Pietro Veronesi, March 2008.
 
4. Options Prices with Uncertain Fundamentals with Pietro Veronesi, December 2002.

5."Business Cycle Risk and the Equity Premium," Working Paper, University of California Los Angeles, 1994.

6. "A Continuous Time Filter for Tracking Regime Switches",  Working Paper, University of California Los Angeles, 1993.

7. "Cyclical Fluctuations in Uncertainty: An Application to the Premium on Equities", Working Paper,  University of California Los Angeles, 1992, with Joseph Ostroy, Seongwan Oh, and Kwanho Shin.