Prof. Kinda Hachem


Fields: Macroeconomics, Banking, Monetary Economics

Published and Forthcoming Papers

Relationship Lending and the Transmission of Monetary Policy
Journal of Monetary Economics, 2011, 58(6-8), pp. 590-600. [Abstract] [PDF] [DOI]

Institutions and Economic Outcomes: A Dominance-Based Analysis (with Gordon Anderson)
Econometric Reviews, 2013, 32(1), pp. 164-182. [Abstract] [PDF] [DOI]

Inflation Announcements and Social Dynamics (with Jing Cynthia Wu)
Journal of Money, Credit and Banking, 2017, 49(8), pp. 1673-1713 (lead article). [Abstract] [PDF]
Available as NBER Working Paper No. 20161
Featured in Bloomberg View

Working Papers

Relationship Lending and the Great Depression (with Jon Cohen and Gary Richardson), July 2018 [Abstract] [PDF]
Available as NBER Working Paper No. 22891

Liquidity Rules and Credit Booms (with Zheng Michael Song), July 2017 [Abstract] [PDF]

Liquidity Regulation and Unintended Financial Transformation in China (with Zheng Michael Song), August 2017 [Abstract] [PDF]

Resource Allocation and Inefficiency in the Financial Sector, July 2014 [Abstract] [PDF]
Available as NBER Working Paper No. 20365
Revision requested by Journal of Monetary Economics

Agency Cost Determinants of Bank Risk-Taking, April 2014 [Abstract] [PDF]
Expands and supplants the first part of: Bank Promotions and Credit Quality, October 2012 [PDF]

Research in Progress

Markets for Financial Innovation (with Ana Babus)

Misallocation and Reform (with Zheng Michael Song)

In or Out: Do Bail-In Bonds Really Decrease Bailouts? (with Martin Kuncl), [Abstract]


"In the Shadow of Banks: WMPs and Issuing Banks' Risk in China, by Viral Acharya, Jun Qian, and Zhishu Yang," NBER Chinese Economy Meeting, November 2016. [PDF]

"What We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending, by Kaiji Chen, Jue Ren, and Tao Zha," Pacific Basin Research Conference, FRB San Francisco, November 2016. [PDF]

"How Did Pre-Fed Banking Panics End? by Gary Gorton and Ellis Tallman," AEA Annual Meeting, January 2016. [PDF]

"Reserve Requirements and Optimal Chinese Stabilization Policy, by Chun Chang, Zheng Liu, Mark Spiegel, and Jingyi Zhang," AEA Annual Meeting, January 2016. [PDF]

"Shadow Banking: China's Dual-Track Interest Rate Liberalization, by Hao Wang, Honglin Wang, Lisheng Wang, and Hao Zhou," NBER East Asian Seminar on Economics, June 2015. [PDF]

"The Effects of Unconventional Monetary Policies on Bank Soundness, by Frederic Lambert and Kenichi Ueda," NBER East Asian Seminar on Economics, June 2015. [PDF]

"What is a Sustainable Public Debt? by Pablo D'Erasmo, Enrique Mendoza, and Jing Zhang," Conference for the Handbook of Macroeconomics Vol. 2, April 2015. [PDF]

"Optimal Monetary and Macroprudential Policies: Gains and Pitfalls in a Model of Financial Intermediation, by Michael Kiley and Jae Sim," Bank of Canada Annual Conference, November 2014. [PDF]

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