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📢📢! New working paper + podcast alert !📢📢 We study the equilibrium effects of mortgage lock-in on house prices, mobility, and homeownership. See thread by Julia Fonseca Pierre Mabille

Liquidity matters for households and government can help provide it in crucial times. Very neat paper.

Risk matters! Very cool paper.

Great thread summarizing high quality research on this. Tariffs do indeed increase prices for consumers, as you would expect.

Super cool paper

Congrats Emil Verner!

Around 15% of pregnancies end in miscarriage, which is often a physically and emotionally challenging experience. Policymakers have made it even traumatic.

Borrowing cots can matter. A lot.

Was great to see alums from my lab with Pascal Noel last week and to hear many of them present on topics in development, hh finance, education, behavioral, intl trade, and public!

I wrote a short paper with Baiyun Jing and Erica Xuewei Jiang about property taxes! Some takeaways: 1. Property taxes are big: if r=5%, a 2.5% property tax extracts 33% of the value of a house! 2. Taxes are long-duration: they have interest rate sensitivities equal to 30+ year bonds!