Efraim Benmelech

Names

Identifer

Contact

Affiliations

• Northwestern University / Kellogg Graduate School of Management / Department of Finance
  • EDIRC entry
  • location:

Research profile

author of:

• Credit Traps
  American Economic Review, American Economic Association (2012)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-article, aea:aecrev:v:102:y:2012:i:6:p:3004-32)
• Private and Social Returns to R&D: Drug Development and Demographics
  AEA Papers and Proceedings, American Economic Association (2021)
  by Efraim Benmelech & Janice Eberly & Dimitris Papanikolaou & Joshua Krieger
  (ReDIF-article, aea:apandp:v:111:y:2021:p:336-40)
• Human Capital and the Productivity of Suicide Bombers
  Journal of Economic Perspectives, American Economic Association (2007)
  by Efraim Benmelech & Claude Berrebi
  (ReDIF-article, aea:jecper:v:21:y:2007:i:3:p:223-238)
• Secured Credit Spreads
  Working Papers, Becker Friedman Institute for Research In Economics (2020)
  by Efraim Benmelech & Nitish Kumar & Raghuram Rajan
  (ReDIF-paper, bfi:wpaper:2020-14)
• Civic Capital and Social Distancing during the COVID-19 Pandemic
  Working Papers, Becker Friedman Institute for Research In Economics (2020)
  by John M. Barrios & Efraim Benmelech & Yael V. Hochberg & Paola Sapienza & Luigi Zingales
  (ReDIF-paper, bfi:wpaper:2020-74)
• The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century
  Journal of Finance, American Finance Association (2010)
  by Efraim Benmelech & Tobias J. Moskowitz
  (ReDIF-article, bla:jfinan:v:65:y:2010:i:3:p:1029-1073)
• Bankruptcy and the Collateral Channel
  Journal of Finance, American Finance Association (2011)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-article, bla:jfinan:v:66:y:2011:i:2:p:337-378)
• Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?
  Working Papers, Center for Economic Studies, U.S. Census Bureau (2018)
  by Efraim Benmelech & Nittai K. Bergman & Hyunseob Kim
  (ReDIF-paper, cen:wpaper:18-15)
• Civic Capital and Social Distancing during the Covid-19 Pandemic
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020)
  by Zingales, Luigi & Barrios, John & Benmelech, Efraim & Hochberg, Yael & Sapienza, Paola
  (ReDIF-paper, cpr:ceprdp:14900)
• Stock-Based Compensation and CEO (Dis)Incentives
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007)
  by Veronesi, Pietro & Kandel, Eugene & Benmelech, Efraim
  (ReDIF-paper, cpr:ceprdp:6515)
• Economic Conditions and the Quality of Suicide Terrorism
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010)
  by Klor, Esteban & Berrebi, Claude & Benmelech, Efraim
  (ReDIF-paper, cpr:ceprdp:7995)
• Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis
  Journal of International Economics, Elsevier (2013)
  by Benmelech, Efraim & Dvir, Eyal
  (ReDIF-article, eee:inecon:v:89:y:2013:i:2:p:485-494)
• Securitization without adverse selection: The case of CLOs
  Journal of Financial Economics, Elsevier (2012)
  by Benmelech, Efraim & Dlugosz, Jennifer & Ivashina, Victoria
  (ReDIF-article, eee:jfinec:v:106:y:2012:i:1:p:91-113)
• Military CEOs
  Journal of Financial Economics, Elsevier (2015)
  by Benmelech, Efraim & Frydman, Carola
  (ReDIF-article, eee:jfinec:v:117:y:2015:i:1:p:43-59)
• Financial frictions and employment during the Great Depression
  Journal of Financial Economics, Elsevier (2019)
  by Benmelech, Efraim & Frydman, Carola & Papanikolaou, Dimitris
  (ReDIF-article, eee:jfinec:v:133:y:2019:i:3:p:541-563)
• Collateral pricing
  Journal of Financial Economics, Elsevier (2009)
  by Benmelech, Efraim & Bergman, Nittai K.
  (ReDIF-article, eee:jfinec:v:91:y:2009:i:3:p:339-360)
• Vintage capital and creditor protection
  Journal of Financial Economics, Elsevier (2011)
  by Benmelech, Efraim & Bergman, Nittai K.
  (ReDIF-article, eee:jfinec:v:99:y:2011:i:2:p:308-332)
• The alchemy of CDO credit ratings
  Journal of Monetary Economics, Elsevier (2009)
  by Benmelech, Efraim & Dlugosz, Jennifer
  (ReDIF-article, eee:moneco:v:56:y:2009:i:5:p:617-634)
• Civic capital and social distancing during the Covid-19 pandemic☆
  Journal of Public Economics, Elsevier (2021)
  by Barrios, John M. & Benmelech, Efraim & Hochberg, Yael V. & Sapienza, Paola & Zingales, Luigi
  (ReDIF-article, eee:pubeco:v:193:y:2021:i:c:s0047272720301742)
• Does short-term debt increase vulnerability to crisis? Evidence from the East Asian financial crisis
  Proceedings, Federal Reserve Bank of San Francisco (2010)
  by Efraim Benmelech & Eyal Dvir
  (ReDIF-article, fip:fedfpr:y:2010:i:oct:x:1)
• The Credit Rating Crisis
  NBER Chapters, National Bureau of Economic Research, Inc (2010)
  by Efraim Benmelech & Jennifer Dlugosz
  (ReDIF-chapter, nbr:nberch:11794)
• Credit Market Freezes
  NBER Chapters, National Bureau of Economic Research, Inc (2017)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-chapter, nbr:nberch:13923)
• Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation
  NBER Working Papers, National Bureau of Economic Research, Inc (2004)
  by Efraim Benmelech & Mark J. Garmaise & Tobias Moskowitz
  (ReDIF-paper, nbr:nberwo:11004)
• The Political Economy of Financial Regulation: Evidence from U.S. State Usury Laws in the 19th Century
  NBER Working Papers, National Bureau of Economic Research, Inc (2007)
  by Efraim Benmelech & Tobias J. Moskowitz
  (ReDIF-paper, nbr:nberwo:12851)
• Attack Assignments in Terror Organizations and The Productivity of Suicide Bombers
  NBER Working Papers, National Bureau of Economic Research, Inc (2007)
  by Efraim Benmelech & Claude Berrebi
  (ReDIF-paper, nbr:nberwo:12910)
• Stock-Based Compensation and CEO (Dis)Incentives
  NBER Working Papers, National Bureau of Economic Research, Inc (2008)
  by Efraim Benmelech & Eugene Kandel & Pietro Veronesi
  (ReDIF-paper, nbr:nberwo:13732)
• Collateral Pricing
  NBER Working Papers, National Bureau of Economic Research, Inc (2008)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-paper, nbr:nberwo:13874)
• Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines
  NBER Working Papers, National Bureau of Economic Research, Inc (2008)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-paper, nbr:nberwo:14059)
• The Alchemy of CDO Credit Ratings
  NBER Working Papers, National Bureau of Economic Research, Inc (2009)
  by Efraim Benmelech & Jennifer Dlugosz
  (ReDIF-paper, nbr:nberwo:14878)
• The Credit Rating Crisis
  NBER Working Papers, National Bureau of Economic Research, Inc (2009)
  by Efraim Benmelech & Jennifer Dlugosz
  (ReDIF-paper, nbr:nberwo:15045)
• The Economic Cost of Harboring Terrorism
  NBER Working Papers, National Bureau of Economic Research, Inc (2009)
  by Efraim Benmelech & Claude Berrebi & Esteban F. Klor
  (ReDIF-paper, nbr:nberwo:15465)
• Bankruptcy and the Collateral Channel
  NBER Working Papers, National Bureau of Economic Research, Inc (2010)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-paper, nbr:nberwo:15708)
• Vintage Capital and Creditor Protection
  NBER Working Papers, National Bureau of Economic Research, Inc (2010)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-paper, nbr:nberwo:15735)
• Credit Traps
  NBER Working Papers, National Bureau of Economic Research, Inc (2010)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-paper, nbr:nberwo:16200)
• Economic Conditions and the Quality of Suicide Terrorism
  NBER Working Papers, National Bureau of Economic Research, Inc (2010)
  by Efraim Benmelech & Claude Berrebi & Esteban F. Klor
  (ReDIF-paper, nbr:nberwo:16320)
• Counter-Suicide-Terrorism: Evidence from House Demolitions
  NBER Working Papers, National Bureau of Economic Research, Inc (2010)
  by Efraim Benmelech & Claude Berrebi & Esteban Klor
  (ReDIF-paper, nbr:nberwo:16493)
• Securitization without Adverse Selection: The Case of CLOs
  NBER Working Papers, National Bureau of Economic Research, Inc (2011)
  by Efraim Benmelech & Jennifer Dlugosz & Victoria Ivashina
  (ReDIF-paper, nbr:nberwo:16766)
• Financing Labor
  NBER Working Papers, National Bureau of Economic Research, Inc (2011)
  by Efraim Benmelech & Nittai K. Bergman & Amit Seru
  (ReDIF-paper, nbr:nberwo:17144)
• Negotiating with Labor Under Financial Distress
  NBER Working Papers, National Bureau of Economic Research, Inc (2011)
  by Efraim Benmelech & Nittai K. Bergman & Ricardo Enriquez
  (ReDIF-paper, nbr:nberwo:17192)
• Does Short-Term Debt Increase Vulnerability to Crisis? Evidence from the East Asian Financial Crisis
  NBER Working Papers, National Bureau of Economic Research, Inc (2011)
  by Efraim Benmelech & Eyal Dvir
  (ReDIF-paper, nbr:nberwo:17468)
• Repossession and the Democratization of Credit
  NBER Working Papers, National Bureau of Economic Research, Inc (2012)
  by Juliano J. Assunção & Efraim Benmelech & Fernando S. S. Silva
  (ReDIF-paper, nbr:nberwo:17858)
• An Empirical Analysis of the Fed's Term Auction Facility
  NBER Working Papers, National Bureau of Economic Research, Inc (2012)
  by Efraim Benmelech
  (ReDIF-paper, nbr:nberwo:18304)
• Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
  NBER Working Papers, National Bureau of Economic Research, Inc (2012)
  by Sumit Agarwal & Efraim Benmelech & Nittai Bergman & Amit Seru
  (ReDIF-paper, nbr:nberwo:18609)
• Military CEOs
  NBER Working Papers, National Bureau of Economic Research, Inc (2014)
  by Efraim Benmelech & Carola Frydman
  (ReDIF-paper, nbr:nberwo:19782)
• The Agglomeration of Bankruptcy
  NBER Working Papers, National Bureau of Economic Research, Inc (2014)
  by Efraim Benmelech & Nittai Bergman & Anna Milanez & Vladimir Mukharlyamov
  (ReDIF-paper, nbr:nberwo:20254)
• The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles
  NBER Working Papers, National Bureau of Economic Research, Inc (2016)
  by Efraim Benmelech & Ralf R. Meisenzahl & Rodney Ramcharan
  (ReDIF-paper, nbr:nberwo:22148)
• What Explains the Flow of Foreign Fighters to ISIS?
  NBER Working Papers, National Bureau of Economic Research, Inc (2016)
  by Efraim Benmelech & Esteban F. Klor
  (ReDIF-paper, nbr:nberwo:22190)
• Financial Frictions and Employment during the Great Depression
  NBER Working Papers, National Bureau of Economic Research, Inc (2017)
  by Efraim Benmelech & Carola Frydman & Dimitris Papanikolaou
  (ReDIF-paper, nbr:nberwo:23216)
• Credit Market Freezes
  NBER Working Papers, National Bureau of Economic Research, Inc (2017)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-paper, nbr:nberwo:23512)
• Making the House a Home: The Stimulative Effect of Home Purchases on Consumption and Investment
  NBER Working Papers, National Bureau of Economic Research, Inc (2017)
  by Efraim Benmelech & Adam Guren & Brian T. Melzer
  (ReDIF-paper, nbr:nberwo:23570)
• Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?
  NBER Working Papers, National Bureau of Economic Research, Inc (2018)
  by Efraim Benmelech & Nittai Bergman & Hyunseob Kim
  (ReDIF-paper, nbr:nberwo:24307)
• Debt, Information, and Illiquidity
  NBER Working Papers, National Bureau of Economic Research, Inc (2018)
  by Efraim Benmelech & Nittai Bergman
  (ReDIF-paper, nbr:nberwo:25054)
• The Decline of Secured Debt
  NBER Working Papers, National Bureau of Economic Research, Inc (2020)
  by Efraim Benmelech & Nitish Kumar & Raghuram Rajan
  (ReDIF-paper, nbr:nberwo:26637)
• The Secured Credit Premium and the Issuance of Secured Debt
  NBER Working Papers, National Bureau of Economic Research, Inc (2020)
  by Efraim Benmelech & Nitish Kumar & Raghuram Rajan
  (ReDIF-paper, nbr:nberwo:26799)
• Civic Capital and Social Distancing during the Covid-19 Pandemic
  NBER Working Papers, National Bureau of Economic Research, Inc (2020)
  by John M. Barrios & Efraim Benmelech & Yael V. Hochberg & Paola Sapienza & Luigi Zingales
  (ReDIF-paper, nbr:nberwo:27320)
• The Determinants of Fiscal and Monetary Policies During the Covid-19 Crisis
  NBER Working Papers, National Bureau of Economic Research, Inc (2020)
  by Efraim Benmelech & Nitzan Tzur-Ilan
  (ReDIF-paper, nbr:nberwo:27461)
• Private and Social Returns to R&D: Drug Development and Demographics
  NBER Working Papers, National Bureau of Economic Research, Inc (2021)
  by Efraim Benmelech & Janice C. Eberly & Joshua L. Krieger & Dimitris Papanikolaou
  (ReDIF-paper, nbr:nberwo:28355)
• The Resilience of the U.S. Corporate Bond Market During Financial Crises
  NBER Working Papers, National Bureau of Economic Research, Inc (2021)
  by Bo Becker & Efraim Benmelech
  (ReDIF-paper, nbr:nberwo:28868)
• Robots and Firm Investment
  NBER Working Papers, National Bureau of Economic Research, Inc (2022)
  by Efraim Benmelech & Michal Zator
  (ReDIF-paper, nbr:nberwo:29676)
• Fertility and Savings: The Effect of China’s Two-Child Policy on Household Savings
  NBER Working Papers, National Bureau of Economic Research, Inc (2022)
  by Scott R. Baker & Efraim Benmelech & Zhishu Yang & Qi Zhang
  (ReDIF-paper, nbr:nberwo:29856)
• Bank Branch Density and Bank Runs
  NBER Working Papers, National Bureau of Economic Research, Inc (2023)
  by Efraim Benmelech & Jun Yang & Michal Zator
  (ReDIF-paper, nbr:nberwo:31462)
• Who Benefits From The Export-Import Bank Aid?
  NBER Working Papers, National Bureau of Economic Research, Inc (2023)
  by Efraim Benmelech & Joao Monteiro
  (ReDIF-paper, nbr:nberwo:31562)
• The Benefits and Costs of Secured Debt
  NBER Working Papers, National Bureau of Economic Research, Inc (2024)
  by Efraim Benmelech
  (ReDIF-paper, nbr:nberwo:32353)
• Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2005)
  by Efraim Benmelech & Mark J. Garmaise & Tobias J. Moskowitz
  (ReDIF-article, oup:qjecon:v:120:y:2005:i:3:p:1121-1154.)
• Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2008)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-article, oup:qjecon:v:123:y:2008:i:4:p:1635-1677.)
• Stock-Based Compensation and CEO (Dis)Incentives
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2010)
  by Efraim Benmelech & Eugene Kandel & Pietro Veronesi
  (ReDIF-article, oup:qjecon:v:125:y:2010:i:4:p:1769-1820.)
• The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2017)
  by Efraim Benmelech & Ralf R. Meisenzahl & Rodney Ramcharan
  (ReDIF-article, oup:qjecon:v:132:y:2017:i:1:p:317-365.)
• Negotiating with Labor under Financial Distress
  The Review of Corporate Finance Studies, Society for Financial Studies (2012)
  by Efraim Benmelech & Nittai K. Bergman & Ricardo J. Enriquez
  (ReDIF-article, oup:rcorpf:v:1:y:2012:i:1:p:28-67.)
• Asset Salability and Debt Maturity: Evidence from Nineteenth-Century American Railroads
  The Review of Financial Studies, Society for Financial Studies (2009)
  by Efraim Benmelech
  (ReDIF-article, oup:rfinst:v:22:y:2009:i:4:p:1545-1584)
• Repossession and the Democratization of Credit
  The Review of Financial Studies, Society for Financial Studies (2014)
  by Juliano J. Assunção & Efraim Benmelech & Fernando S. S. Silva
  (ReDIF-article, oup:rfinst:v:27:y:2014:i:9:p:2661-2689.)
• The Agglomeration of Bankruptcy
  The Review of Financial Studies, Society for Financial Studies (2019)
  by Efraim Benmelech & Nittai Bergman & Anna Milanez & Vladimir Mukharlyamov
  (ReDIF-article, oup:rfinst:v:32:y:2019:i:7:p:2541-2586.)
• The Economic Cost of Harboring Terrorism
  Journal of Conflict Resolution, Peace Science Society (International) (2010)
  by Efraim Benmelech & Claude Berrebi & Esteban F. Klor
  (ReDIF-article, sae:jocore:v:54:y:2010:i:2:p:331-353)
• Credit Market Freezes
  NBER Macroeconomics Annual, University of Chicago Press (2018)
  by Efraim Benmelech & Nittai K. Bergman
  (ReDIF-article, ucp:macann:doi:10.1086/696065)