Eirik Eylands Brandsaas

I am an economist at the Federal Reserve Board of Governors. Prior to joining the Board I received a joint PhD in Economics and Finance from University of Wisconsin - Madison.

Please call be my first name Eirik, pronounced somewhat like "AY-rik" with "ay" as in "day".

My main research interests are within quantitative macroeconomics and cover household finance, home ownership, and family economics. 

CV

Contact: eirik.e.brandsaas@frb.gov

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News: 

• In a new working paper, we use Norwegian tax data and a life-cycle model with housing to study how wealth transmits across generations through the housing market. We find that the effect of parental wealth -> housing -> wealth channel is as important as the effect of parental wealth -> income, education, etc -> wealth, and account for 12% of intergenerational wealth persistence. [PDF]

• A new working paper quantifying the welfare benefits of partial homeownership, a new contract allowing households to choose how much to own and rent, which is widely used in China, Norway, and the UK. [PDF] (October 24, 2023)

• Published GeneralizedRouwenhorst.jl, a package that implements the generalized Rouwenhorst algorithm in Fella, Giulio, Giovanni Gallipoli, and Jutong Pan. "Markov-chain approximations for life-cycle models." Review of Economic Dynamics 34 (2019): 183-201.  (June 13, 2023)