Dr Pedro Gete's Outputs (2)

A model of managerial compensation, firm leverage and credit stimulus (2024)
Journal Article
Chakraborti, R., Dahiya, S., Ge, L., & Gete, P. (2024). A model of managerial compensation, firm leverage and credit stimulus. Journal of Financial Stability, 72, Article 101248. https://doi.org/10.1016/j.jfs.2024.101248

We study a model in which leverage and compensation are both choice variables for the firm and borrowing spreads are endogenous. First, we analyze the correlation between leverage and variable compensation. We show that allowing for... Read More about A model of managerial compensation, firm leverage and credit stimulus.

Climate risk in mortgage markets: Evidence from Hurricanes Harvey and Irma (2024)
Journal Article
Gete, P., Tsouderou, A., & Wachter, S. M. (2024). Climate risk in mortgage markets: Evidence from Hurricanes Harvey and Irma. Real Estate Economics, 52(3), 660-686. https://doi.org/10.1111/1540-6229.12477

Using the Credit Risk Transfers (CRTs) issued by Fannie Mae and Freddie Mac, we study how, absent government intervention, mortgage markets would price hurricane risk. Currently, such risk is priced equally across locations even if it is location-spe... Read More about Climate risk in mortgage markets: Evidence from Hurricanes Harvey and Irma.