Ricardo T. Fernholz

       Ricardo T. Fernholz








Nonparametric Methods and Local-Time-Based Estimation for Dynamic Power Law Distributions [
PDF] Journal of Applied Econometrics, Forthcoming
Presentation Slides 

Bank Asset Concentration Not Necessarily a Cause for Worry (with
Christoffer Koch) [PDF] Federal Reserve Bank of Dallas Economic Letter, June 2017, 12(7), p. 1-4

Pulling up the Tarnished Anchor: The End of Silver as a Unit of Account [
PDF] (with Kris Mitchener and Marc Weidenmier) Journal of International Money and Finance, June 2017, 74, p. 209-228
VoxEu Column

Big Banks, Idiosyncratic Volatility, and Systemic Risk (with
Christoffer Koch) [PDF] American Economic Review: Papers & Proceedings, May 2017, 107(5), p. 603-607

The Distributional Effects of Progressive Capital Taxes [
PDF] Journal of Economic Policy Reform, 2017, 15(2), p. 99-112
Related Working Paper (Presentation Slides for working paper) (Econbrowser Summary for working paper)

A Model of Economic Mobility and the Distribution of Wealth [
PDF] Journal of Macroeconomics, December 2016, 50, p. 168-192
Presentation Slides

Exchange Rate Manipulation and Constructive Ambiguity [
PDF] International Economic Review, November 2015, 56(4), p. 1323-1348
Presentation Slides
Supplemental Materials

Instability and Concentration in the Distribution of Wealth [
PDF] (with Robert Fernholz) Journal of Economic Dynamics and Control, July 2014, 44, p. 251-269
Presentation Slides
VoxEu Column
Baseline Scenario Discussion

Terrorism and the Invisible Hook [
PDF] (with S. Brock Blomberg and John-Clark Levin) Southern Economic Journal, April 2013, 79(4), p. 849-863




The Rank Effect for Commodities [
PDF] (with Christoffer Koch)
Presentation Slides 

Why are Big Banks Getting Bigger? [
PDF] (with Christoffer Koch) Revise and Resubmit, Journal of Business and Economic Statistics
Presentation Slides




Structural Arbitrage

Asset Returns and Asset Price Distributions





Updated June 2017