Konstantin Magin

Konstantin Magin obtained his B.A. in Economics from the Leningrad Institute of Economics and Finance and his Ph.D. in Economics from the University of California, Berkeley. He is a researcher at the Center for Risk Management Research. His research focuses on modeling the relationship between political risks, insecure property rights (stochastic taxes) and asset prices and also includes financial derivatives, financial engineering, real estate finance and Social Security privatization. He is also a lecturer at the Haas School of Business, where he teaches financial derivatives courses.  He has been a Post-Doctoral Fellow at the University of California, Berkeley. His publications have appeared in the Journal of Economic Perspectives and The Economists’ Voice.

Working Papers

2017-02: Konstantin Magin, "Equilibrium Comparative Statics in Finite Horizon Finance Economies with Stochastic Taxation"

Revised from the Center for Risk Management Research Working Paper 2016-03


2016-01: Konstantin Magin, "Infinite Horizon CCAPM with Stochastic Taxation and Monetary Policy"
2016-02: Robert H. Edelstein and Konstantin Magin, "Examining US REITs Pricing Bubbles: An Application of the CCAPM with Stochastic Taxation and Money Supply"
2016-03: Konstantin Magin, "Comparative Statics in Finite Horizon Finance Economies with Stochastic Taxation"
2015-01: Konstantin Magin, "Hedging Against Tax Rate Uncertainty: Tax Rate Swaps"
2015-02: Robert H. Edelstein and Konstantin Magin, "Stochastic Taxation and REITS Pricing Bubbles: A Statistical Analysis"
2015-10: Konstantin Magin, "Generic Existence of Equilibria in Finite Horizon Finance Economies with Stochastic Taxation"
2014-06: Robert H. Edelstein, Konstantin Magin, "Identifying REITs Asset-pricing Bubbles: A Modified CCAPM Approach"
2013-04: Konstantin Magin, "Equity Risk Premium and Insecure Property Rights" (revised from working paper # 2009-01)
2012-04: Robert Edelstein, Konstantin Magin, "The Equity Risk Premium Puzzle: A Resolution – The Case for Real Estate"
2010-05: Konstantin Magin, "The Pricing of “Troubled” Assets"
2009-01: Konstantin Magin, "Equity Risk Premium and Insecure Property" (revised February 11, 2013, working paper # 2013-04)
2008-01: J. Bradford DeLong, Konstantin Magin, "The U.S. Equity Return Premium: Past, Present and Future"
2008-02: Konstantin Magin, "Is The Potential For High Investor Leverage A Threat To Social Security Privatization?"