# Publications Search Within Results Search Within Results search ## 216 results Show filters filter\_alt Sort by Year of PublicationAlphabetical A-Z sort ## 216 results Download 216 citations download- [BibTeX](/node/859651/export?format=bibtex) - [EndNote X3 XML](/node/859651/export?format=endnote8) - [EndNote 7 XML](/node/859651/export?format=endnote7) - [Endnote tagged](/node/859651/export?format=tagged) - [Marc](/node/859651/export?format=marc) - [PubMedId](/node/859651/export?format=pubmed_id) - [RIS](/node/859651/export?format=ris) ### Working Paper Bordalo, Pedro, Nicola Gennaioli, Florencio Lopez-de-Silanes, Andrei Shleifer, Maarten van Rooij, and Simon Schröder. “[The Psychology of Macroeconomic Expectations](/publication/psychology-macroeconomic-expectations).” Bordalo, Pedro, Nicola Gennaioli, Florencio Lopez-de-Silanes, Andrei Shleifer, Maarten van Rooij, and Simon Schröder. “[The Psychology of Macroeconomic Expectations](/publication/psychology-macroeconomic-expectations).” - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdf(PDF, Current Version, Ma...](/sites/g/files/omnuum10626/files/2026-05/dutch.may11_0.pdf) We present a model of “animal spirits” in which context and emotions affect macroeconomic beliefs by shaping which experiences people recall to simulate similar future aggregate states. We test this mechanism by priming Dutch National Bank Survey... - [ picture\_as\_pdf(PDF, Current Version, Ma...](/sites/g/files/omnuum10626/files/2026-05/dutch.may11_0.pdf) Gennaioli, Nicola, Marta Leva, Raphael Schoenle, and Andrei Shleifer. “[How Inflation Expectations De-Anchor: The Role of Selective Memory Cues](/publications/how-inflation-expectations-de-anchor-role-selective-memory-cues).” Gennaioli, Nicola, Marta Leva, Raphael Schoenle, and Andrei Shleifer. “[How Inflation Expectations De-Anchor: The Role of Selective Memory Cues](/publications/how-inflation-expectations-de-anchor-role-selective-memory-cues).” - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdfPDF, Current Version, Jun...](/sites/g/files/omnuum10626/files/2025-06/inflation.june24_0.pdf) In a model of memory and selective recall, household inflation expectations remain rigid when inflation is anchored but exhibit sharp instability during inflation surges, as similarity prompts retrieval of forgotten high-inflation experiences. Using data... - [ picture\_as\_pdfPDF, Current Version, Jun...](/sites/g/files/omnuum10626/files/2025-06/inflation.june24_0.pdf) Shleifer, Andrei, Pedro Bordalo, Nicola Gennaioli, Giovanni Burro, and Gad Nacamulli. “[Ads As Cues](/publication/ads-cues).” Shleifer, Andrei, Pedro Bordalo, Nicola Gennaioli, Giovanni Burro, and Gad Nacamulli. “[Ads As Cues](/publication/ads-cues).” - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdfPDF, Current Version (Oct...](/sites/g/files/omnuum10626/files/2025-10/Ads.October_FINAL-1.pdf) Why do we see both advertising and powerful consumer habits for well-known and intrinsically similar brands? We offer an explanation based on the idea that, as in Bordalo et al. (2020), a consumer is more likely to demand a good if she recalls the... - [ picture\_as\_pdfPDF, Current Version (Oct...](/sites/g/files/omnuum10626/files/2025-10/Ads.October_FINAL-1.pdf) Bordalo, Pedro, Katherine Coffman, Nicola Gennaioli, and Andrei Shleifer. “[Older People Are Less Pessimistic About the Health Risks of Covid-19](/publications/older-people-are-less-pessimistic-about-health-risks-covid-19).” Bordalo, Pedro, Katherine Coffman, Nicola Gennaioli, and Andrei Shleifer. “[Older People Are Less Pessimistic About the Health Risks of Covid-19](/publications/older-people-are-less-pessimistic-about-health-risks-covid-19).” - [ picture\_as\_pdfPDF, Current Version, Jun...](/sites/g/files/omnuum10626/files/shleifer/files/bcgs_covid_june30.pdf) - [ picture\_as\_pdfPDF, Current Version, Jun...](/sites/g/files/omnuum10626/files/shleifer/files/bcgs_covid_june30.pdf) Shleifer, Andrei, Hemanth Asirvatham, and Elliott Mokski. “[GPT As a Measurement Tool](/publication/gpt-measurement-tool).” Shleifer, Andrei, Hemanth Asirvatham, and Elliott Mokski. “[GPT As a Measurement Tool](/publication/gpt-measurement-tool).” - [ picture\_as\_pdfPaper PDF (February 2026)](/sites/g/files/omnuum10626/files/2026-02/Paper%20PDF%20%28February%202026%29.pdf) - [Dataset](https://drive.google.com/file/d/125OmhdLwhPpzf6f2ScSxH-5WQykgEmJr/view?usp=sharing) - [ picture\_as\_pdfPaper PDF (February 2026)](/sites/g/files/omnuum10626/files/2026-02/Paper%20PDF%20%28February%202026%29.pdf) - [Dataset](https://drive.google.com/file/d/125OmhdLwhPpzf6f2ScSxH-5WQykgEmJr/view?usp=sharing) Djankov, Simeon, Edward Glaeser, and Andrei Shleifer. “[How Reform Happens](/publication/how-reform-happens).” Djankov, Simeon, Edward Glaeser, and Andrei Shleifer. “[How Reform Happens](/publication/how-reform-happens).” - [ picture\_as\_pdf(PDF, Current Version, Ap...](/sites/g/files/omnuum10626/files/2026-04/REFORM.April17_0.pdf) - [ picture\_as\_pdf(PDF, Current Version, Ap...](/sites/g/files/omnuum10626/files/2026-04/REFORM.April17_0.pdf) ### Forthcoming Bordalo, Pedro, Nicola Gennaioli, Giacomo Lanzani, and Andrei Shleifer. “[A Cognitive Theory of Reasoning and Choice](/publication/cognitive-theory-reasoning-and-choice)”. *The Quarterly Journal of Economics*, 2026. Bordalo, Pedro, Nicola Gennaioli, Giacomo Lanzani, and Andrei Shleifer. “[A Cognitive Theory of Reasoning and Choice](/publication/cognitive-theory-reasoning-and-choice)”. *The Quarterly Journal of Economics*, 2026. - add\_circle do\_not\_disturb\_on Abstract - [ description(PDF, Current Version, November 2025)](https://shleifer.scholars.harvard.edu/sites/g/files/omnuum10626/files/2025-11/MS42857_BGLS_Nov_2025.pdf) We present a theory of choice in which attention to the features of options is determined by the decision maker’s categorization of the current problem in a set of problems she solved in the past. Categorization depends on goal-relevant and contextual... - [ description(PDF, Current Version, November 2025)](https://shleifer.scholars.harvard.edu/sites/g/files/omnuum10626/files/2025-11/MS42857_BGLS_Nov_2025.pdf) ### 2026 Bordalo, Pedro, Nicola Gennaioli, Andrei Shleifer, and Stephen J. Terry. “[ Real Credit Cycles](/publication/real-credit-cycles)”. *American Economic Review* 116, no. 4 (2026): 1308. Bordalo, Pedro, Nicola Gennaioli, Andrei Shleifer, and Stephen J. Terry. “[ Real Credit Cycles](/publication/real-credit-cycles)”. *American Economic Review* 116, no. 4 (2026): 1308. - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdf(PDF, Current Version, Ap...](/sites/g/files/omnuum10626/files/2026-03/bordalo-et-al-2026-real-credit-cycles.pdf) Recent empirical work has revived the Minsky hypothesis of boom-bust credit cycles driven by uctuations in investor optimism. To quantitatively assess this hypothesis, we incorporate diagnostic expectations into an otherwise standard business cycle model... - [ picture\_as\_pdf(PDF, Current Version, Ap...](/sites/g/files/omnuum10626/files/2026-03/bordalo-et-al-2026-real-credit-cycles.pdf) Bordalo, Pedro, John Conlon, Nicola Gennaioli, Spencer Kwon, and Andrei Shleifer. “[How People Use Statistics](/publications/how-people-use-statistics)”. *The Review of Economic Studies*. Bordalo, Pedro, John Conlon, Nicola Gennaioli, Spencer Kwon, and Andrei Shleifer. “[How People Use Statistics](/publications/how-people-use-statistics)”. *The Review of Economic Studies*. - [ descriptionPublisher's Version](https://academic.oup.com/restud/article/93/1/250/8140836) - [ descriptionPublisher's Version](https://academic.oup.com/restud/article/93/1/250/8140836) ### 2025 Bordalo, Pedro, Nicola Gennaioli, Rafael LaPorta, and Andrei Shleifer. “[Finance Without Exotic Risk](/publication/finance-without-exotic-risk)”. *The Journal of Financial Economics*, 2025. Bordalo, Pedro, Nicola Gennaioli, Rafael LaPorta, and Andrei Shleifer. “[Finance Without Exotic Risk](/publication/finance-without-exotic-risk)”. *The Journal of Financial Economics*, 2025. - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdfPDF, Publisher's Version ...](/sites/g/files/omnuum10626/files/2025-10/FINEC104145%20%281%29.pdf) We address the joint hypothesis problem in cross-sectional asset pricing by using measured analyst expectations of earnings growth. We construct a firm-level measure of Expectations Based Returns (EBRs) that uses analyst forecast errors and revisions and... - [ picture\_as\_pdfPDF, Publisher's Version ...](/sites/g/files/omnuum10626/files/2025-10/FINEC104145%20%281%29.pdf) Shleifer, Andrei, and Yueran Ma. “[The Invention of Corporate Governance](/publication/invention-corporate-governance)”. *Journal of Financial Economics*, 2025. Shleifer, Andrei, and Yueran Ma. “[The Invention of Corporate Governance](/publication/invention-corporate-governance)”. *Journal of Financial Economics*, 2025. - add\_circle do\_not\_disturb\_on Abstract - [ picture\_as\_pdfPublisher's Version](/sites/g/files/omnuum10626/files/2025-08/1-s2.0-S0304405X25001230-main.pdf) The analysis of corporate governance begins with a central feature of modern capitalism -- the separation of ownership and control in large corporations -- first empirically documented by Berle and Means (1932). Such separation entails several agency... - [ picture\_as\_pdfPublisher's Version](/sites/g/files/omnuum10626/files/2025-08/1-s2.0-S0304405X25001230-main.pdf) Bordalo, Pedro, Giovanni Burro, Katie Coffman, Nicola Gennaioli, and Andrei Shleifer. “[Imagining the Future: Memory, Simulation, and Beliefs](/bibcite/reference/689085)”. *Review of Economic Studies* May 2025 (2025). Bordalo, Pedro, Giovanni Burro, Katie Coffman, Nicola Gennaioli, and Andrei Shleifer. “[Imagining the Future: Memory, Simulation, and Beliefs](/bibcite/reference/689085)”. *Review of Economic Studies* May 2025 (2025). - [Publisher's Version](https://academic.oup.com/restud/advance-article/doi/10.1093/restud/rdae070/7700238) - [Publisher's Version](https://academic.oup.com/restud/advance-article/doi/10.1093/restud/rdae070/7700238) - Previous page chevron\_left - [1](?page=0 "Current page") - [2](?page=1 "Go to page 2") - [3](?page=2 "Go to page 3") - [ Last page 18 ](?page=17 "Go to last page") - [ Next page chevron\_right ](?page=1 "Go to next page")