159 citations
Counting papers with at most 25 authors, so collaboration author lists do not stand in for the people here.
4 papers · 1 filter
Failing Banks
Sergio Correia, Stephan Luck, Emil Verner
Why do banks fail? We create a panel covering most commercial banks from 1863 through 2024 to study the history of failing banks in the United States. Failing banks are characteriz…
The Debt-Inflation Channel of the German (Hyper-)Inflation
Markus K. Brunnermeier, Sergio Correia, Stephan Luck +2
This paper studies how a large increase in the price level is transmitted to the real economy through firm balance sheets. Using newly digitized macro- and micro-level data from th…
Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu
Sergio Correia, Stephan Luck, Emil Verner
We study the impact of non-pharmaceutical interventions (NPIs) on mortality and economic activity across U.S. cities during the 1918 Flu Pandemic. The combination of fast and strin…
Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive Utilities
Jaroslav Borovicka, John Stachurski
We study existence, uniqueness and computability of solutions for a class of discrete time recursive utilities models. By combining two streams of the recent literature on recursiv…