Research assistants Simon Almerström Przybyl Research Analyst, Swedish House of Finance / Stockholm School of Economics Anton Arbman Hansing Research Analyst, Swedish House of Finance / Stockholm School of Economics Lucas Blasius Research Analyst, Swedish House of Finance / Stockholm School of Economics Elena Giulia Clemente Research Analyst, Swedish House of Finance / Stockholm School of Economics Danyl Denysenko Research Analyst, Swedish House of Finance / Stockholm School of Economics Yao Fu Head of Research Analysts, Swedish House of Finance / Stockholm School of Economics August Hansson Senior Research Analyst, Swedish House of Finance / Stockholm School of Economics Gokul Raj Boobathy Research Analyst, Swedish House of Finance / Stockholm School of Economics Karl Sigfrid Research Analyst, Swedish House of Finance / Stockholm School of Economics Axel Sjöberg Research Analyst, Swedish House of Finance / Stockholm School of Economics Yuhuang Sun Research Analyst, Swedish House of Finance / Stockholm School of Economics Jie Wen Research Analyst, Swedish House of Finance / Stockholm School of Economics