@techreport{catherine2026who,
  title = {Who Gains When Interest Rates Fall?},
  author = {Sylvain Catherine and Max Miller and James D. Paron and Natasha Sarin},
  year = {2026},
  institution = {Stanford University Graduate School of Business},
  type = {Working Paper},
  url = {https://jamesparon.github.io/papers/who-gains-interest-rates/}
}