The 2023 Easter School will be hosted by the University of Bristol and will be an in-person event at the University campus. The school will consist of guest lectures, presentations by participants and policy sessions over three days along with a social element to allow for networking. The Easter...

A workhorse two-country portfolio model that embeds net foreign asset (NFA) imbalances rationalizes the following observation: debtor countries have on average a less diversified international portfolio than creditor countries. Abstracting from NFA imbalances, the model would feature a...

We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing house purchase probabilities, debt and interest expenses. Second, we...