@article{gupta2025work,
  title={Work from home and the office real estate apocalypse},
  author={Gupta, Arpit and Mittal, Vrinda and {Van Nieuwerburgh}, Stijn},
  year={2025},
  journal={American Economic Review}, 
  volume={forthcoming}
}

@article{chen2024exorbitant,
  title={Exorbitant privilege gained and lost: Fiscal implications},
  author={Chen, Zefeng and Jiang, Zhengyang and Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Xiaolan, Mindy Z},
  year={2024},
  journal={Journal of Political Economy},
  volume={forthcoming}
}

@article{li2025understanding,
  title={Understanding rationality and disagreement in house price expectations},
  author={Li, Zigang and {Van Nieuwerburgh}, Stijn and Renxuan, Wang},
  year={2025},
  journal={Review of Financial Studies},
  volume={forthcoming}
}

@article{Damen2025affordable,
  author  = {Damen, Sven and Korevaar, Matthijs and {Van Nieuwerburgh},  Stijn},
  title   = {An Alpha in Affordable Housing?},
  journal={Available at SSRN 5121139},
  year    = {2025}
}

@article{Koijen2025commercial,
  author  = {Koijen, Ralph and Shah, Neel and {Van Nieuwerburgh},  Stijn},
  title   = {The Commercial Real Estate Ecosystem},
  journal={Available at SSRN 5120847},
  year    = {2025}
}


@article{jiang2024drives,
  title={What Drives Variation in the US Debt-to-Output Ratio? The Dogs that Did not Bark},
  author={Jiang, Zhengyang and Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Xiaolan, Mindy Z},
  journal={The Journal of Finance},
  year={2024},
  publisher={Wiley Online Library}
}

@article{jiang2024us,
  title={The US public debt valuation puzzle},
  author={Jiang, Zhengyang and Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Xiaolan, Mindy Z},
  journal={Econometrica},
  volume={92},
  number={4},
  pages={1309--1347},
  year={2024},
  publisher={Wiley Online Library}
}

@article{koijen2024aggregate,
  title={Aggregate lapsation risk},
  author={Koijen, Ralph SJ and Lee, Hae Kang and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Financial Economics},
  volume={155},
  pages={103819},
  year={2024},
  publisher={Elsevier}
}

@article{sodini2023identifying,
  title={Identifying the benefits from homeownership: A Swedish experiment},
  author={Sodini, Paolo and {Van Nieuwerburgh}, Stijn and Vestman, Roine and von Lilienfeld-Toal, Ulf},
  journal={American Economic Review},
  volume={113},
  number={12},
  pages={3173--3212},
  year={2023},
  publisher={American Economic Association 2014 Broadway, Suite 305, Nashville, TN 37203}
}

@article{gupta2023converting,
  title={Converting brown offices to green apartments},
  author={Gupta, Arpit and Martinez, Candy and {Van Nieuwerburgh}, Stijn},
  journal={Brookings Hamilton Project},
  year={2023}
}

@article{jiang2023fiscal,
  title={Fiscal capacity: An asset pricing perspective},
  author={Jiang, Zhengyang and Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Xiaolan, Mindy Z},
  journal={Annual Review of Financial Economics},
  volume={15},
  number={1},
  pages={197--219},
  year={2023},
  publisher={Annual Reviews}
}

@article{kaniel2023machine,
  title={Machine-learning the skill of mutual fund managers},
  author={Kaniel, Ron and Lin, Zihan and Pelger, Markus and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Financial Economics},
  volume={150},
  number={1},
  pages={94--138},
  year={2023},
  publisher={Elsevier}
}

@article{jiang2022measuring,
  title={Measuring US fiscal capacity using discounted cash flow analysis},
  author={Jiang, Zhengyang and Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Xiaolan, Mindy Z},
  journal={Brookings Papers on Economic Activity},
  volume={2022},
  number={2},
  pages={157--229},
  year={2022},
  publisher={Johns Hopkins University Press}
}

@article{favilukis2023affordable,
  title={Affordable housing and city welfare},
  author={Favilukis, Jack and Mabille, Pierre and {Van Nieuwerburgh}, Stijn},
  journal={The Review of Economic Studies},
  volume={90},
  number={1},
  pages={293--330},
  year={2023},
  publisher={Oxford University Press}
}

@article{van2023remote,
  title={The remote work revolution: Impact on real estate values and the urban environment: 2023 AREUEA Presidential Address},
  author={{Van Nieuwerburgh}, Stijn},
  journal={Real Estate Economics},
  volume={51},
  number={1},
  pages={7--48},
  year={2023},
  publisher={Wiley Online Library}
}

@article{gupta2022flattening,
  title={Flattening the curve: pandemic-induced revaluation of urban real estate},
  author={Gupta, Arpit and Mittal, Vrinda and Peeters, Jonas and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Financial Economics},
  volume={146},
  number={2},
  pages={594--636},
  year={2022},
  publisher={Elsevier}
}

@article{gupta2022take,
  title={Take the Q train: Value capture of public infrastructure projects},
  author={Gupta, Arpit and {Van Nieuwerburgh}, Stijn and Kontokosta, Constantine},
  journal={Journal of Urban Economics},
  volume={129},
  pages={103422},
  year={2022},
  publisher={Elsevier}
}

@article{elenev2022can,
  title={Can the COVID bailouts save the economy?},
  author={Elenev, Vadim and Landvoigt, Tim and {Van Nieuwerburgh}, Stijn},
  journal={Economic Policy},
  volume={37},
  number={110},
  pages={277--330},
  year={2022},
  publisher={Oxford University Press}
}

@article{gupta2021valuing,
  title={Valuing private equity investments strip by strip},
  author={Gupta, Arpit and {Van Nieuwerburgh}, Stijn},
  journal={The Journal of Finance},
  volume={76},
  number={6},
  pages={3255--3307},
  year={2021},
  publisher={Wiley Online Library}
}

@article{favilukis2021out,
  title={Out-of-town home buyers and city welfare},
  author={Favilukis, Jack and {Van Nieuwerburgh}, Stijn},
  journal={The Journal of Finance},
  volume={76},
  number={5},
  pages={2577--2638},
  year={2021},
  publisher={Wiley Online Library}
}

@article{goetzmann2021real,
  title={Real and private-value assets},
  author={Goetzmann, William N and Spaenjers, Christophe and {Van Nieuwerburgh}, Stijn},
  journal={The Review of Financial Studies},
  volume={34},
  number={8},
  pages={3497--3526},
  year={2021},
  publisher={Oxford University Press}
}

@article{elenev2021macroeconomic,
  title={A macroeconomic model with financially constrained producers and intermediaries},
  author={Elenev, Vadim and Landvoigt, Tim and {Van Nieuwerburgh}, Stijn},
  journal={Econometrica},
  volume={89},
  number={3},
  pages={1361--1418},
  year={2021},
  publisher={Wiley Online Library}
}

@article{greenwald2021financial,
  title={Financial Fragility with SAM?},
  author={Greenwald, Daniel L and Landvoigt, Tim and {Van Nieuwerburgh}, Stijn},
  journal={The Journal of Finance},
  volume={76},
  number={2},
  pages={651--706},
  year={2021},
  publisher={Wiley Online Library}
}

@article{herskovic2020firm,
  title={Firm volatility in granular networks},
  author={Herskovic, Bernard and Kelly, Bryan and Lustig, Hanno and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Political Economy},
  volume={128},
  number={11},
  pages={4097--4162},
  year={2020},
  publisher={The University of Chicago Press Chicago, IL}
}

@article{karolyi2020new,
  title={New methods for the cross-section of returns},
  author={Karolyi, G Andrew and {Van Nieuwerburgh}, Stijn},
  journal={The Review of Financial Studies},
  volume={33},
  number={5},
  pages={1879--1890},
  year={2020},
  publisher={Oxford University Press}
}

@article{koijen2020combining,
  title={Combining life and health insurance},
  author={Koijen, Ralph SJ and {Van Nieuwerburgh}, Stijn},
  journal={The Quarterly Journal of Economics},
  volume={135},
  number={2},
  pages={913--958},
  year={2020},
  publisher={Oxford University Press}
}

@article{van2019reits,
  title={Why are REITs currently so expensive?},
  author={{Van Nieuwerburgh}, Stijn},
  journal={Real Estate Economics},
  volume={47},
  number={1},
  pages={18--65},
  year={2019},
  publisher={Wiley Online Library}
}

@article{ibert2018mutual,
  title={Are mutual fund managers paid for investment skill?},
  author={Ibert, Markus and Kaniel, Ron and {Van Nieuwerburgh}, Stijn and Vestman, Roine},
  journal={The Review of Financial Studies},
  volume={31},
  number={2},
  pages={715--772},
  year={2018},
  publisher={Oxford University Press}
}

@article{richardson2017gses,
  title={What to do about the GSEs?},
  author={Richardson, Matthew P and {Van Nieuwerburgh}, Stijn and White, Lawrence J},
  journal={Annual Review of Financial Economics},
  volume={9},
  number={1},
  pages={21--41},
  year={2017},
  publisher={Annual Reviews}
}

@article{koijen2017cross,
  title={The cross-section and time series of stock and bond returns},
  author={Koijen, Ralph SJ and Lustig, Hanno and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Monetary Economics},
  volume={88},
  pages={50--69},
  year={2017},
  publisher={Elsevier}
}

@article{brunnermeier2017esbies,
  title={ESBies: Safety in the tranches},
  author={Brunnermeier, Markus K and Langfield, Sam and Pagano, Marco and Reis, Ricardo and {Van Nieuwerburgh}, Stijn and Vayanos, Dimitri},
  journal={Economic Policy},
  volume={32},
  number={90},
  pages={175--219},
  year={2017},
  publisher={Oxford University Press}
}

@article{favilukis2017macroeconomic,
  title={The macroeconomic effects of housing wealth, housing finance, and limited risk sharing in general equilibrium},
  author={Favilukis, Jack and Ludvigson, Sydney C and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Political Economy},
  volume={125},
  number={1},
  pages={140--223},
  year={2017},
  publisher={University of Chicago Press Chicago, IL}
}

@article{elenev2016phasing,
  title={Phasing out the GSEs},
  author={Elenev, Vadim and Landvoigt, Tim and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Monetary Economics},
  volume={81},
  pages={111--132},
  year={2016},
  publisher={Elsevier}
}

@article{kelly2016too,
  title={Too-systemic-to-fail: What option markets imply about sector-wide government guarantees},
  author={Kelly, Bryan and Lustig, Hanno and {Van Nieuwerburgh}, Stijn},
  journal={American Economic Review},
  volume={106},
  number={6},
  pages={1278--1319},
  year={2016},
  publisher={American Economic Association 2014 Broadway, Suite 305, Nashville, TN 37203}
}

@article{koijen2016health,
  title={Health and mortality delta: Assessing the welfare cost of household insurance choice},
  author={Koijen, Ralph SJ and {Van Nieuwerburgh}, Stijn and Yogo, Motohiro},
  journal={The Journal of Finance},
  volume={71},
  number={2},
  pages={957--1010},
  year={2016},
  publisher={Wiley Online Library}
}

@article{brunnermeier2016sovereign,
  title={The sovereign-bank diabolic loop and ESBies},
  author={Brunnermeier, Markus K and Garicano, Luis and Lane, Philip R and Pagano, Marco and Reis, Ricardo and Santos, Tano and Thesmar, David and {Van Nieuwerburgh}, Stijn and Vayanos, Dimitri},
  journal={American Economic Review},
  volume={106},
  number={5},
  pages={508--512},
  year={2016},
  publisher={American Economic Association 2014 Broadway, Suite 305, Nashville, TN 37203}
}

@article{kacperczyk2016rational,
  title={A rational theory of mutual funds' attention allocation},
  author={Kacperczyk, Marcin and {Van Nieuwerburgh}, Stijn and Veldkamp, Laura},
  journal={Econometrica},
  volume={84},
  number={2},
  pages={571--626},
  year={2016},
  publisher={Wiley Online Library}
}

@article{herskovic2016common,
  title={The common factor in idiosyncratic volatility: Quantitative asset pricing implications},
  author={Herskovic, Bernard and Kelly, Bryan and Lustig, Hanno and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Financial Economics},
  volume={119},
  number={2},
  pages={249--283},
  year={2016},
  publisher={Elsevier}
}

@article{kacperczyk2014time,
  title={Time-varying fund manager skill},
  author={Kacperczyk, Marcin and {Van Nieuwerburgh}, Stijn and Veldkamp, Laura},
  journal={The Journal of Finance},
  volume={69},
  number={4},
  pages={1455--1484},
  year={2014},
  publisher={Wiley Online Library}
}

@article{acharya2013guaranteed,
  title={Guaranteed to Fail: Fannie Mae and Freddie Mac and What to Do about Them},
  author={Acharya, Viral and Richardson, Matthew and {Van Nieuwerburgh}, Stijn and White, Lawrence J},
  journal={The Economists’ Voice},
  volume={10},
  number={1},
  pages={15--19},
  year={2013},
  publisher={De Gruyter}
}

@article{lustig2013wealth,
  title={The wealth-consumption ratio},
  author={Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Verdelhan, Adrien},
  journal={The Review of Asset Pricing Studies},
  volume={3},
  number={1},
  pages={38--94},
  year={2013},
  publisher={Oxford University Press}
}

@article{koijen2011predictability,
  title={Predictability of returns and cash flows},
  author={Koijen, Ralph SJ and {Van Nieuwerburgh}, Stijn},
  journal={Annu. Rev. Financ. Econ.},
  volume={3},
  number={1},
  pages={467--491},
  year={2011},
  publisher={Annual Reviews}
}

@article{ameriks2011joy,
  title={The joy of giving or assisted living? Using strategic surveys to separate public care aversion from bequest motives},
  author={Ameriks, John and Caplin, Andrew and Laufer, Steven and {Van Nieuwerburgh}, Stijn},
  journal={The journal of finance},
  volume={66},
  number={2},
  pages={519--561},
  year={2011},
  publisher={Wiley Online Library}
}

@article{lustig2011technological,
  title={Technological change and the growing inequality in managerial compensation},
  author={Lustig, Hanno and Syverson, Chad and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Financial Economics},
  volume={99},
  number={3},
  pages={601--627},
  year={2011},
  publisher={Elsevier}
}

@article{van2010has,
  title={Why has house price dispersion gone up?},
  author={{Van Nieuwerburgh}, Stijn and Weill, Pierre-Olivier},
  journal={The Review of Economic Studies},
  volume={77},
  number={4},
  pages={1567--1606},
  year={2010},
  publisher={Wiley-Blackwell}
}

@article{koijen2010long,
  title={Long run risk, the wealth-consumption ratio, and the temporal pricing of risk},
  author={Koijen, Ralph SJ and Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Verdelhan, Adrien},
  journal={American Economic Review},
  volume={100},
  number={2},
  pages={552--556},
  year={2010},
  publisher={American Economic Association}
}

@article{lustig2010much,
  title={How much does household collateral constrain regional risk sharing?},
  author={Lustig, Hanno and {Van Nieuwerburgh}, Stijn},
  journal={Review of Economic Dynamics},
  volume={13},
  number={2},
  pages={265--294},
  year={2010},
  publisher={Elsevier}
}

@article{van2010information,
  title={Information acquisition and under-diversification},
  author={{Van Nieuwerburgh}, Stijn and Veldkamp, Laura},
  journal={The Review of Economic Studies},
  volume={77},
  number={2},
  pages={779--805},
  year={2010},
  publisher={Wiley-Blackwell}
}

@article{koijen2009mortgage,
  title={Mortgage timing},
  author={Koijen, Ralph SJ and Van Hemert, Otto and {Van Nieuwerburgh}, Stijn},
  journal={Journal of Financial Economics},
  volume={93},
  number={2},
  pages={292--324},
  year={2009},
  publisher={Elsevier}
}

@article{van2009information,
  title={Information immobility and the home bias puzzle},
  author={{Van Nieuwerburgh}, Stijn and Veldkamp, Laura},
  journal={The Journal of Finance},
  volume={64},
  number={3},
  pages={1187--1215},
  year={2009},
  publisher={Wiley Online Library}
}

@article{lustig2008returns,
  title={The returns on human capital: Good news on wall street is bad news on main street},
  author={Lustig, Hanno and {Van Nieuwerburgh}, Stijn},
  journal={The Review of Financial Studies},
  volume={21},
  number={5},
  pages={2097--2137},
  year={2008},
  publisher={Society for Financial Studies}
}

@article{lettau2008reconciling,
  title={Reconciling the return predictability evidence: The review of financial studies: Reconciling the return predictability evidence},
  author={Lettau, Martin and {Van Nieuwerburgh}, Stijn},
  journal={The Review of Financial Studies},
  volume={21},
  number={4},
  pages={1607--1652},
  year={2008},
  publisher={Oxford University Press}
}

@article{van2006learning,
  title={Learning asymmetries in real business cycles},
  author={{Van Nieuwerburgh}, Stijn and Veldkamp, Laura},
  journal={Journal of monetary Economics},
  volume={53},
  number={4},
  pages={753--772},
  year={2006},
  publisher={Elsevier}
}

@article{van2006inside,
  title={Inside information and the own company stock puzzle},
  author={{Van Nieuwerburgh}, Stijn and Veldkamp, Laura},
  journal={Journal of the European Economic Association},
  volume={4},
  number={2-3},
  pages={623--633},
  year={2006},
  publisher={Oxford University Press}
}

@article{van2006stock,
  title={Stock market development and economic growth in Belgium},
  author={{Van Nieuwerburgh}, Stijn and Buelens, Frans and Cuyvers, Ludo},
  journal={Explorations in Economic History},
  volume={43},
  number={1},
  pages={13--38},
  year={2006},
  publisher={Elsevier}
}

@article{lustig2005housing,
  title={Housing collateral, consumption insurance, and risk premia: An empirical perspective},
  author={Lustig, Hanno N and {Van Nieuwerburgh}, Stijn G},
  journal={The Journal of Finance},
  volume={60},
  number={3},
  pages={1167--1219},
  year={2005},
  publisher={Wiley Online Library}
}

@article{greaney2024dynamic,
  title={Dynamic Urban Economics},
  author={Greaney, Brian and Parkhomenko, Andrii and {Van Nieuwerburgh}, Stijn},
  journal={Available at SSRN 4897077},
  year={2024}
}

@techreport{abramson2024rent,
  title={Rent Guarantee Insurance},
  author={Abramson, Boaz and {Van Nieuwerburgh}, Stijn},
  year={2024},
  institution={National Bureau of Economic Research}
}

@article{elenev2022can2,
  title={Can monetary policy create fiscal capacity?},
  author={Elenev, Vadim and Landvoigt, Tim and Shultz, Patrick and {Van Nieuwerburgh}, Stijn},
  journal={Available at SSRN 3896402},
  year={2022}
}

@techreport{greenwald2021financial2,
  title={Financial and total wealth inequality with declining interest rates},
  author={Greenwald, Daniel L and Leombroni, Matteo and Lustig, Hanno and {Van Nieuwerburgh}, Stijn},
  year={2021},
  institution={National Bureau of Economic Research}
}

@article{jiang2020bond,
  title={Bond convenience yields in the eurozone currency union},
  author={Jiang, Zhengyang and Lustig, Hanno N and {Van Nieuwerburgh}, Stijn and Xiaolan, Mindy Z},
  journal={Columbia Business School Research Paper Forthcoming},
  year={2020}
}

@techreport{jiang2020manufacturing,
  title={Manufacturing risk-free government debt},
  author={Jiang, Zhengyang and Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Xiaolan, Mindy Z},
  year={2020},
  institution={National Bureau of Economic Research}
}

@article{jiang2021quantifying,
  title={Quantifying US treasury investor optimism},
  author={Jiang, Zhengyang and Lustig, Hanno and {Van Nieuwerburgh}, Stijn and Xiaolan, Mindy Z},
  journal={Columbia Business School Research Paper Forthcoming},
  year={2021}
}

@techreport{favilukis2014foreign,
  title={Foreign ownership of US safe assets: good or bad?},
  author={Favilukis, Jack and Ludvigson, Sydney C and {Van Nieuwerburgh}, Stijn},
  year={2014},
  institution={National Bureau of Economic Research}
}

@misc{lustig2006can,
  title={Can Housing Collateral Explain Long-Run Swings in Asset Returns?},
  author={Lustig, Hanno and {Van Nieuwerburgh}, Stijn},
  year={2006},
  publisher={National Bureau of Economic Research Cambridge, Mass., USA}
}