Research Areas
Education
Economics, PhD, Carnegie Mellon University
Additional Campus Affiliations
Professor, Economics
Editor-in-Chief, Bureau of Economic & Business Research, Economics
Investors in Business Education Distinguished Professor, Gies College of Business
Professor, Finance
Recent Publications
Barardehi, Y. H., Bernhardt, D., Da, Z., & Warachka, M. (2025). Institutional Liquidity Costs, Internalized Retail Trade Imbalances, and the Cross-Section of Stock Returns. Journal of Financial and Quantitative Analysis. Advance online publication. https://doi.org/10.1017/S0022109025000043
Barardehi, Y. H., & Bernhardt, D. (Accepted/In press). Revisiting the ∪-shaped patterns in volatility and price impacts: Novel results using trade-time estimates. Journal of Financial Markets, Article 100971. https://doi.org/10.1016/j.finmar.2025.100971
Cuevas, C., Bernhardt, D., & Sanclemente, M. (2023). Followers of the pied piper of pensioners. Canadian Journal of Economics, 56(4), 1517-1550. https://doi.org/10.1111/caje.12684
Cuevas, C., & Bernhardt, D. (2023). When financial advice rocks the market. Emerging Markets Review, 56, Article 101051. https://doi.org/10.1016/j.ememar.2023.101051
Bernhardt, D., Krasa, S., & Shadmehr, M. (2022). Demagogues and the Economic Fragility of Democracie. American Economic Review, 112(10), 331-3366. https://doi.org/10.1257/aer.20211125