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Houses as ATMs: Mortgage Refinancing and Macroeconomic Uncertainty
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Houses as ATMs: Mortgage Refinancing and Macroeconomic Uncertainty (2019)Houses as ATMs: Mortgage Refinancing and …A Model of the Consumption Response to Fiscal Stimulus Payments (2014)A Model of the Consumption Re…Household Balance Sheets, Consumption, and the Economic Slump* (2013)Household Balance Sheets, Con…House Prices, Home Equity–Based Borrowing, and the US Household Leverage Crisis (2011)House Prices, Home Equity–Bas…The Geographic Determinants of Housing Supply * (2010)The Geographic Determinants o…Did Securitization Lead to Lax Screening? Evidence from Subprime Loans* (2010)Did Securitization Lead to La…Housing supply and housing bubbles (2008)Housing supply and housing bu…How do house prices affect consumption? Evidence from micro data (2006)How do house prices affect co…Limited Asset Market Participation and the Elasticity of Intertemporal Substitution (2002)Limited Asset Market Particip…Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data (2002)Do Liquidity Constraints and …Consumption Over the Life Cycle (2002)Consumption Over the Life Cyc…Golden Eggs and Hyperbolic Discounting (1997)Golden Eggs and Hyperbolic Di…Asset Pricing with Heterogeneous Consumers (1996)Asset Pricing with Heterogene…Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models (1991)Quadrature-Based Methods for …Nonexpected Utility in Macroeconomics (1990)Nonexpected Utility in Macroe…Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)Substitution, Risk Aversion, …Intertemporal Substitution in Consumption (1988)Intertemporal Substitution in…Present Bias Amplifies the Household Balance-Sheet Channels of Macroeconomic Policy (2024)Present Bias Amplifies the Ho…Visibility Bias in the Transmission of Consumption Beliefs and Undersaving (2023)Visibility Bias in the Transm…Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program (2022)Mortgage Refinancing, Consume…Out‐of‐Town Home Buyers and City Welfare (2021)Out‐of‐Town Home Buyers and C…Liquidity Constraints in the U.S. Housing Market (2021)Liquidity Constraints in the …Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016 (2020)Modigliani Meets Minsky: Ineq…Real Estate Shocks and Financial Advisor Misconduct (2018)Real Estate Shocks and Financ…Idiosyncratic Risk in Housing Markets (2017)Idiosyncratic Risk in Housing…Inattention and Inertia in Household Finance: Evidence from the Danish Mortgage Market (2014)Inattention and Inertia in Ho…Consumer Confusion in the Mortgage Market: Evidence of Less than a Perfectly Transparent and Competitive Market (2010)Consumer Confusion in the Mor…Asset Prices in an Exchange Economy (1978)Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence (1978)The Dual Theory of Choice under Risk (1987)Dynamic Asset Pricing Theory. (1993)Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles (2000)Investor Psychology and Asset Pricing (2001)Location and Land Use: Toward a General Theory of Land Rent (1964)Zipf's Law for Cities: An Explanation (1999)What Explains the 2007-2009 Drop in Employment? (2014)Martingales and arbitrage in multiperiod securities markets (1979)Applied Probability and Queues (1987)Presidential Address: Discount Rates (2011)The Debt-Deflation Theory of Great Depressions (1933)Agency Costs, Net Worth, And Business Fluctuations (1988)Credit Cycles (1997)Growth Forecast Errors and Fiscal Multipliers (2013)The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008–9 Financial Crisis * (2013)Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data * (2016)Myopia and Inconsistency in Dynamic Utility Maximization (1973)Specious reward: A behavioral theory of impulsiveness and impulse control. (1975)Anomalies in Intertemporal Choice: Evidence and an Interpretation (1992)Time Discounting and Time Preference: A Critical Review (2002)Implications of rational inattention (2003)Does Culture Affect Economic Outcomes? (2006)Saving and Liquidity Constraints (1991)Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis (1997)Household Finance (2006)The Economic Importance of Financial Literacy: Theory and Evidence (2014)The Efficiency of the Market for Single-Family Homes (1988)Consumption and Liquidity Constraints: An Empirical Investigation (1989)House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis (2009)House prices, collateral, and self-employment (2015)The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk Sharing in General Equilibrium (2016)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Habit Formation: A Resolution of the Equity Premium Puzzle (1990)Economic policy uncertainty and the credit channel: Aggregate and bank level U.S. evidence over several decades (2016)How Does Household Spending Respond to an Epidemic? Consumption during the 2020 COVID-19 Pandemic (2020)Securitization without risk transfer (2012)Information: Hard and Soft (2018)Predictably Unequal? The Effects of Machine Learning on Credit Markets (2021)
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References

  • 1997Golden Eggs and Hyperbolic Discounting6,117 cited
  • 1989Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework4,270 cited
  • 2010The Geographic Determinants of Housing Supply *1,971 cited
  • 2002Consumption Over the Life Cycle1,824 cited
  • 1988Intertemporal Substitution in Consumption1,567 cited
  • 2013Household Balance Sheets, Consumption, and the Economic Slump*1,543 cited
  • 1996Asset Pricing with Heterogeneous Consumers1,197 cited
  • 2011House Prices, Home Equity–Based Borrowing, and the US Household Leverage Crisis1,164 cited
  • 2010Did Securitization Lead to Lax Screening? Evidence from Subprime Loans*1,100 cited
  • 2006How do house prices affect consumption? Evidence from micro data1,065 cited
  • 2002Limited Asset Market Participation and the Elasticity of Intertemporal Substitution1,011 cited
  • 1990Nonexpected Utility in Macroeconomics986 cited
  • 2014A Model of the Consumption Response to Fiscal Stimulus Payments969 cited
  • 1991Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models926 cited
  • 2002Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data

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865 cited
  • 2008Housing supply and housing bubbles846 cited
  • Cited by

    • 2022Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program84 cited
    • 2017Idiosyncratic Risk in Housing Markets79 cited
    • 2021Out‐of‐Town Home Buyers and City Welfare76 cited
    • 2010Consumer Confusion in the Mortgage Market: Evidence of Less than a Perfectly Transparent and Competitive Market73 cited
    • 2021Liquidity Constraints in the U.S. Housing Market64 cited
    • 2014Inattention and Inertia in Household Finance: Evidence from the Danish Mortgage Market63 cited
    • 2018Real Estate Shocks and Financial Advisor Misconduct31 cited
    • 2024Present Bias Amplifies the Household Balance-Sheet Channels of Macroeconomic Policy17 cited
    • 2020Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-201617 cited
    • 2023Visibility Bias in the Transmission of Consumption Beliefs and Undersaving16 cited