I) House prices rose strongly in advanced economies during the pandemic, breaking with typical post-recession patterns. These developments support domestic demand in the short term but carry risks to the outlook if they reverse. II) Rapid economic recovery, fiscal support and high saving rates...

Digital financial services (DFS) have rapidly expanded in recent years, largely driven by fintech and further accelerated by the COVID-19 pandemic. There are growing concerns that traditional financial literacy is insufficient to empower individuals to effectively access and use DFS. Digital...

Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that have made significant progress lately. They...

Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that have made significant progress lately. They...

Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that have made significant progress lately. They...

Using around 8 million housing transactions in California from 1994 to 2017, I find that Chinese overseas buyers (COB) earn 4.5% lower returns than other cash buyers, controlling for market timing and location factors. The large gap in housing returns is driven by purchase prices instead of sale...

This paper analyzes the effect of mass-shootings on peer-to-peer lending behavior. Using US data from 2014-2018, we implement both an event study and a difference-in-differences methodology to exploit the quasi-experimental nature of mass-shooting incidents on local credit markets. Our findings...

Do local social shocks affect borrower behavior in digital lending markets? Using U.S. mass shooting data for causal identification, this paper investigates the reactionary effects of adverse local social shocks on peer-to-peer (P2P) lending markets. Our short-run difference-in-differences and...

Motivated by the recent National Association of Realtors (NAR) settlement, this note examines the effects of reduced real estate agent commissions on home prices, housing turnover, and consumer welfare. Using a calibrated dynamic structural search model of the housing market, we explore how...

Complete Lists of Authors, Institutions, and Papers and the Citations They Have Received in the Social Science Citation Index.The paper "The Remarkable Growth in Financial Economics, 1974-2020" is available here: https://ssrn.com/abstract=3722311