Academic Appointments

2023-24 Courses

Stanford Advisees

All Publications

  • Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy JOURNAL OF POLITICAL ECONOMY Buchak, G., Matvos, G., Piskorski, T., Seru, A. 2024

    View details for DOI 10.1086/726703

    View details for Web of Science ID 001146856300001

  • Financing the Gig Economy JOURNAL OF FINANCE Buchak, G. 2023

    View details for DOI 10.1111/jofi.13292

    View details for Web of Science ID 001102927300001

  • Epidemic responses under uncertainty. Proceedings of the National Academy of Sciences of the United States of America Barnett, M., Buchak, G., Yannelis, C. 2023; 120 (2): e2208111120


    We examine how policymakers react to a pandemic with uncertainty around key epidemiological and economic policy parameters by embedding a macroeconomic SIR model in a robust control framework. Uncertainty about disease virulence and severity leads to stricter and more persistent quarantines, while uncertainty about the economic costs of mitigation leads to less stringent quarantines. On net, an uncertainty-averse planner adopts stronger mitigation measures. Intuitively, the cost of underestimating the pandemic is out-of-control growth and permanent loss of life, while the cost of underestimating the economic consequences of quarantine is more transitory.

    View details for DOI 10.1073/pnas.2208111120

    View details for PubMedID 36608294

  • Fintech, regulatory arbitrage, and the rise of shadow banks JOURNAL OF FINANCIAL ECONOMICS Buchak, G., Matvos, G., Piskorski, T., Seru, A. 2018; 130 (3): 453–83