Published Papers
- Did Technology Contribute to the Housing Boom? Evidence from MERS - with Stefan Lewellan
Journal of Financial Economics
- In the Red: Overdrafts, Payday Lending and the Underbanked - with Marco Di Maggio and Angela Ma
Journal of Finance (forthcoming)
Working Papers
Works in progress - coming soon
- Are High Housing Costs Amplifying Recessions - with Sasha Indarte and Gideon Bornstein
Growth in the cost of housing has dramatically outpaced the growth of income for most households. Over the same time, the share of total expenditures devoted to housing has also increased. Both trends are most pronounced for households in the lowest income deciles. Using a structural model, detailed transactions-level data, and a natural experiment, we examine how these shifting spending patterns may alter the nature of business cycles.
- Household Finances and Everyday Climate Risk - with Asaf Bernstein, Matt Gustafson, Ryan Lewis and Peter Tufano
In this paper we provide a holistic view of the effects of temperature related climate risks on household income by building a novel data-set that combines detailed high-frequency individual financial transactions with granular measures of exposure to extreme temperatures. We provide a novel measure of heat and cold waves that varies geographically using Google searches for heat and cold related terms.
- Identifying social connections through transactions data - with Mario Small
In this project, we use the location of transactions to identify repeated social interactions between individuals and build network graphs and study how the use of financial products propagates through social networks.