3 papers
q-fin.GN2026
Private Credit Markets Theory, Evidence, and Emerging Frontiers
Jiacheng Zou
Private credit assets under management grew from $158 billion in 2010 to nearly $2 trillion globally by mid-2024, fundamentally reshaping corporate credit markets. This paper pro…
stat.ML2025
The Nonstationarity-Complexity Tradeoff in Return Prediction
Agostino Capponi, Chengpiao Huang, J. Antonio Sidaoui +2
Does more data improve return prediction? In non-stationary financial markets, longer training windows improve prediction of complex models but incorporate outdated economic regime…
econ.EM2023
Inference for Large Panel Data with Many Covariates
Markus Pelger, Jiacheng Zou
This paper proposes a novel testing procedure for selecting a sparse set of covariates that explains a large dimensional panel. Our selection method provides correct false detectio…