I am the Henry Bullock Professor of Finance & Real Estate and Director of the Guthrie Center for Real Estate Research at The Kellogg School of Management. I am also a Research Associate at the National Bureau for Economic Research (NBER). Most of my research focuses on corporate finance and credit markets. For more details you can look at my CV and my research. You can contact me at e-benmelech@kellogg.northwestern.edu.

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Featured Research

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The Resilience of the U.S. Corporate Bond Market During Financial Crises (with Bo Becker).

The paper can be found here.

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Civic Capital and Social Distancing During the Covid-19 Pandemic (with John Barrios, Yael Hochberg, Paola Sapienza and Luigi Zingales).

The paper can be found here.

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The Determinants of Fiscal and Monetary Policies During the Covid-19 Crisis (with Nitzan Tzur-Ilan).

The paper can be found here.

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The Decline of Secured Debt (with Nitish Kumar and Raghuram Rajan).

The paper can be found here.

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What Explains the Flow of Foreign Fighters to ISIS? (with Esteban Klor), forthcoming in Terrorism and Political Violence.

Summary of the results can be found here.

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The Real Effects of Liquidity During the Financial Crisis: Evidence from Automobiles
(with Ralf Meisenzahl and Rodney Ramcharan), Quarterly Journal of Economics, (2017).

Summary of the results can be found here and here.

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The Agglomeration of Bankruptcy
(with Nittai Bergman, Anna Milanez and Vladimir Mukharlyamov ), Review of Financial Studies, (2019).

Summary of the results can be found here.

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(with Adam Guren and Brian Melzer), NBER WP 23570.

Summary of the results can be found here.