Blar i Publikasjoner fra CRIStin - BI på tidsskrift "American Economic Journal: Macroeconomics"
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Asymmetric effects of monetary policy in regional housing markets
(Journal article; Peer reviewed, 2021)The responsiveness of house prices to monetary policy shocks depends on the nature of the shock—expansionary versus contractionary—and on local housing supply elasticities. These findings are established using a panel of ... -
The Choice Channel of Financial Innovation
(Journal article; Peer reviewed, 2021)Financial innovation in recent decades has expanded portfolio choice. We investigate how greater choice affects investors' savings and asset returns. We establish a choice channel by which greater portfolio choice increases ...