Publications

Disentangling Rent Index Differences: Data, Methods, and Scope
With Brian Adams, Hugh Montag, and Randal Verbrugge
Forthcoming, AER Insights
Press: Reuters, NYT, Bloomberg, MNI, Apricitas, NPR, Washington Post

Recourse as Shadow Equity: Evidence from Commercial Real Estate Loans
With David Glancy, Robert Kurtzman, and Joseph Nichols
Real Estate Economics (2023)

Anchoring or Loss Aversion? Empirical Evidence from Art Auctions
With Kathryn Graddy, Michael Moses, Jianping Mei, and Rachel Pownall
Journal of Cultural Economics (2022)

Evaluating the Benefits of a Streamlined Refinance Program
With Kristopher Gerardi and Paul S. Willen
Housing Policy Debate (2021)

Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications
With Christopher L. Foote and Paul S. Willen
Review of Economic Studies (2021)
Press: Washington Post, January 2017

Working Papers

On Commercial Construction Activity’s Long and Variable Lags
With David Glancy and Robert J. Kurtzman

House Prices and Rents in the 21st Century
With Paul S. Willen
Press: Bloomberg, December 2023

Modifications and the Commercial Real Estate Market
With David Glancy and Robert J. Kurtzman
Press: Inside Mortgage Finance

Collateral Reallocation in Commercial Real Estate in the Shadow of COVID-19
With Timothy Riddiough and Paul S. Willen

Consumption of Housing During the 2000s Boom: Evidence and Theory
Job Market Paper
(Version on Google Drive)

Technological Innovation in Mortgage Underwriting and the Growth in Credit: 1985–2015
With Christopher L. Foote and Paul S. Willen

Other Publications

Comparing Two House-Price Booms
With Jason Meyer
Cleveland Fed Economic Commentary, 2023
Press: Yahoo Finance

Increasing the (Female) Labor Supply
Cleveland Fed Economic Commentary, 2023
Press: Yahoo Finance

Mortgage Borrowers’ Use of COVID-19 Forbearance Programs
With Bezankeng Njinju
Cleveland Fed Economic Commentary, 2022

Why Wasn’t there a Nonbank Mortgage Servicer Liquidity Crisis?
Cleveland Fed Economic Commentary, 2021

Subprime May Not Have Caused the 2000s Housing Crisis: Evidence from Cleveland, Ohio
Cleveland Fed Economic Commentary, 2020