S
Stijn Van Nieuwerburgh
Researcher at Columbia University
Publications - 184
Citations - 11992
Stijn Van Nieuwerburgh is an academic researcher from Columbia University. The author has contributed to research in topics: Interest rate & Consumption (economics). The author has an hindex of 52, co-authored 175 publications receiving 10733 citations. Previous affiliations of Stijn Van Nieuwerburgh include York University & Center for Economic and Policy Research.
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Information Immobility and the Home Bias Puzzle
TL;DR: In this article, the authors model investors, endowed with a small home information advantage, who choose what information to learn before they invest, and find that even when home investors can learn what foreigners know, they choose not to: Investors profit more from knowing information others do not know.
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Information Immobility and the Home Bias Puzzle
TL;DR: In this paper, the authors model investors, endowed with a small home information advantage, who choose what information to learn before they invest, and find that even when home investors can learn what foreigners know, they choose not to: Investors profit more from knowing information others do not know.
Journal ArticleDOI
Reconciling the Return Predictability Evidence
TL;DR: In this paper, the assumption of a fixed steady state mean of the economy is relaxed, and the authors find strong empirical evidence in support of shifts in the steady state and propose simple methods to adjust financial ratios for such shifts.
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Housing Collateral, Consumption Insurance and Risk Premia: An Empirical Perspective
TL;DR: The authors found that a decrease in the ratio of housing wealth to human wealth predicts higher returns on stocks, and that the covariance of returns with aggregate risk factors explains eighty percent of the cross-sectional variation in annual size and book-to-market portfolio returns.
Journal ArticleDOI
Housing Collateral, Consumption Insurance, and Risk Premia: An Empirical Perspective
TL;DR: In this paper, the authors find that a decrease in the ratio of housing wealth to human wealth predicts higher returns on stocks, and that the covariance of returns with aggregate risk factors explains 80% of the cross-sectional variation in annual size and book-to-market portfolio returns.