Work in Progress

The Risk-Taking Channel of Monetary Policy: New Evidence from Financial Markets
with Ben Bernanke and Eric Milstein.

Climate Policy Curves
with Martin Hänsel, Moritz Drupp, Gernot Wagner and Glenn Rudebusch.

The Pricing of Climate Risks in Bond and Stock Markets
with Daniel Huber and Ole Wilms.

Working Papers

Michael D. Bauer, Carolin E. Pflueger, Adi Sunderam (2022). Perceptions about Monetary Policy. Working paper.

Michael D. Bauer, Eric T. Swanson (2022). A Reassessment of Monetary Policy Surprises and High-Frequency Identification. Working Paper, prepared for 2022 NBER Macro Annual Conference.

Michael D. Bauer, Mikhail Chernov (2021). Interest Rate Skewness and Biased Beliefs. Working Paper, revise-and-resubmit at Journal of Finance.

Michael D. Bauer, Eric T. Swanson (2021). An Alternative Explanation for the 'Fed Information Effect'. Working Paper, revise-and-resubmit American Economic Review.

Michael D. Bauer, Aeimit Lakdawala, Philippe Mueller (2021). Market-Based Monetary Policy Uncertainty. Economic Journal.

Michael D. Bauer, Glenn D. Rudebusch (2021). The Rising Cost of Climate Change: Evidence from the Bond Market. Review of Economics and Statistics.

Michael D. Bauer, Glenn D. Rudebusch (2020). Interest Rates Under Falling Stars. American Economic Review.

Michael D. Bauer (2018). Restrictions on Risk Prices in Dynamic Term Structure Models. Journal of Business and Economic Statistics.

Michael D. Bauer, James D. Hamilton (2017). Robust Bond Risk Premia. Review of Financial Studies.

Michael D. Bauer, Glenn D. Rudebusch (2017). Resolving the Spanning Puzzle in Macro-Finance Term Structure Models. Review of Finance.

Michael D. Bauer, Glenn D. Rudebusch (2016). Monetary Policy Expectations at the Zero Lower Bound. Journal of Money, Credit and Banking.

Michael D. Bauer (2015). Nominal Interest Rates and the News. Journal of Money, Credit and Banking.

Michael D. Bauer (2015). Inflation Expectations and the News. International Journal of Central Banking.

Michael D. Bauer, Glenn D. Rudebusch (2014). The Signaling Channel for Federal Reserve Bond Purchases. International Journal of Central Banking.

Michael D. Bauer, Christopher J. Neely (2014). International Channels of the Fed’s Unconventional Monetary Policy. Journal of International Money and Finance.

Michael D. Bauer, Glenn D. Rudebusch, Jing Cynthia Wu (2012). Correcting Estimation Bias in Dynamic Term Structure Models. Journal of Business and Economic Statistics.