Households participating in financial markets pay attention to inflation news when making their investment decisions, even in an environment of mostly low and stable inflation. ETFs and open-ended mutual funds holding Treasury Inflation-Protected Securities (TIPS) receive inflows from retail...

Households participating in financial markets pay attention to inflation news when making their investment decisions, even in an environment of mostly low and stable inflation. ETFs and open-ended mutual funds holding Treasury Inflation-Protected Securities (TIPS) receive inflows from retail...

In sharp contrast to most previous crisis episodes, the Treasury market experienced severe stress and illiquidity during the COVID-19 crisis, raising concerns that the safe-haven status of U.S. Treasuries may be eroding. We document large shifts in Treasury ownership and temporary accumulation...

Data used in this study were provided by the Louisiana Office of Juvenile Justice. Access was provided by Louisiana State University. We thank Janet Currie, Kevin Lang, Adriana Lleras-Muney, Bentley Macleod, Marco Gonzalez-Navarro, Isaac Sorkin and the participants of the 6th Economics of...