Michael Varley

🚨New Working Paper 🚨 How does Federal Reserve policy impact the real economy? With Igor Cunha, we reveal a key but overlooked player in this transmission: municipal bond issuers. Our findings show how financial flexibility in public finance amplifies monetary policy. (1/N)

The Virtual Municipal Finance Workshop meets TOMORROW, 4/30, at 11am EDT! Our presentations will be by Hala Moussawi (Stanford) and Renping Li (WUSTL) covering topics in municipal finance and taxation and competition. Papers and Zoom link: muni-workshop.com

YOUR 2025 NATIONAL CHAMPIONS.

🚨New Working Paper 🚨 How does Federal Reserve policy impact the real economy? With Igor Cunha, we reveal a key but overlooked player in this transmission: municipal bond issuers. Our findings show how financial flexibility in public finance amplifies monetary policy. (1/N)

Websites: Igor (sites.google.com/site/igorfccun…) Mine: (michaelvarley.com) (10/9)

And that’s our paper! It’s an early-stage paper, so we are ecstatic to hear any feedback at this critical time in the project. Please let us know if you have any questions. Thanks for reading! (9/9) The full paper is on SSRN: papers.ssrn.com/sol3/papers.cf…

I am on the job market! Under policies of "stepped-up basis", many countries exempt inherited assets from previously-accumulated capital gains tax liability. My paper w/ @OleAndreasNaess examines how this type of policy distorts sales, inheritances, and overall tax collections.

@FrancoTabaresSa @UChi_Economics @BU_Tweets @HansbergRossi @ufukakcigit Congratulations to you both!!

After 6 beautiful years as a Ph.D. student at @UChi_Economics, I will be joining @BU_Tweets this Fall as an Assistant Professor in Economics. I am very excited! I will always be grateful to my mentors @HansbergRossi, @ufukakcigit, Chang-Tai Hsieh, and Erik Hurst.

@prof_cookson @UKGattonCollege @KWHankins I couldn’t agree more!

@varley_ma @UKGattonCollege Fantastic group!

JM Update: I am excited to announce that in Fall 2024 I'll be joining @UKGattonCollege as an Assistant Professor of Finance! I am so thankful for everyone who helped me get to this point and cannot wait to start this next chapter of my academic career in Lexington!

Congratulations to my husband, @varley_ma, who worked so hard for this! I'm so excited for our next adventure together!

Update: I am excited to share that I'll join @Columbia_Biz as an AP in Finance this summer! 🙏 to @ChicagoBooth for fostering my growth; my advisors Ralph, Niels, Lars, & Stefan for their incredible support; and Edward Hopper whose art has been a constant companion in my journey

Job market update!! I am thrilled to announce that I’ll be joining Emory University’s Goizueta Business School as an Assistant Professor of Finance this summer! I’m so excited to start my next chapter with this amazing department and the Emory community! @EmoryGoizueta