Work in Progress

Corporate Green Pledges
with Daniel Huber, Eric Offner, Marlene Renkel, and Ole Wilms

Cross-Sectional Skewness in Survey Forecasts
with Mikhail Chernov

Risk Appetite and the Monetary Transmission
with Maik Schmeling and Andreas Schrimpf

Changes in the Green Bond Premium
with Kerstin Lopatta, Thomas Tammen, and Ole Wilms

Working Papers

Michael D. Bauer, Carolin E. Pflueger, Adi Sunderam (2023). Perceptions about Monetary Policy. Working Paper.

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Michael D. Bauer, Eric A. Offner, Glenn D. Rudebusch (2023). The Effect of U.S. Climate Policy on Financial Markets: An Event Study of the Inflation Reduction Act. Working Paper.

PDF FRBSF Working Paper Brookings Working Paper

Martin C. Hänsel, Michael D. Bauer, Moritz A. Drupp, Gernot Wagner, Glenn D. Rudebusch (2022). Climate Policy Curves: Linking Policy Choices to Climate Outcomes. Working Paper.

PDF Brookings Working Paper CEPR Discussion Paper

Publications

Michael D. Bauer, Mikhail Chernov (2024). Interest Rate Skewness and Biased Beliefs. Journal of Finance.

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Michael D. Bauer, Glenn D. Rudebusch (2023). The Rising Cost of Climate Change: Evidence from the Bond Market. Review of Economics and Statistics.

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Michael D. Bauer, Eric T. Swanson (2023). A Reassessment of Monetary Policy Surprises and High-Frequency Identification. NBER Macroeconomics Annual.

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Michael D. Bauer, Eric T. Swanson (2023). An Alternative Explanation for the "Fed Information Effect". American Economic Review.

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Michael D. Bauer, Ben S. Bernanke, Eric Milstein (2023). Risk Appetite and the Risk-Taking Channel of Monetary Policy. Journal of Economic Perspectives.

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Michael D. Bauer, Daniel Huber, Glenn D. Rudebusch, Ole Wilms (2022). Where is the Carbon Premium? Global Performance of Green and Brown Stocks. Journal of Climate Finance.

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Michael D. Bauer, Aeimit Lakdawala, Philippe Mueller (2022). Market-Based Monetary Policy Uncertainty. Economic Journal.

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

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

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

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

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

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

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

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

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

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Michael D. Bauer, Glenn D. Rudebusch, Jing Cynthia Wu (2014). Term Premia and Inflation Uncertainty: Empirical Evidence from an International Panel Dataset: Comment. American Economic Review.

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

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