Working Papers
Stock Market Wealth and Entrepreneurship (with Gabriel Chodorow-Reich, Vitor Santos, and Alp Simsek) [pdf]
Estimating the Elasticity of Intertemporal Substitution using Dividend Tax News (with Martin Holm, Rustam Jamilov, and Marek Jasinski) [pdf]
Transaction Costs, the Value of Convenience, and the Cross-Section of Safe Asset Returns (with Ragnar Juelsrud, Fabienne Schneider and Olav Syrstad) [pdf]
Dividend Signaling and Bank Payouts in the Great Financial Crisis (with Ragnar Juelsrud) [pdf]
Match Quality and House Price Dispersion: Evidence from Norwegian Housing Auctions (with André K. Anundsen, Arne Lyshol, and Erling Røed Larsen) [pdf]
Pricing and incentives in the housing market (with André K. Anundsen, Erling Røed Larsen, and Dag Einar Sommervoll) [pdf]
Work in progress
A Structural Model of Productivity Spillovers through Worker Flows (with Tom-Reiel Heggedal, Jonas Maibom, and Espen R. Moen)
Investment Tax Incentives and Local Economic Activity: Evidence from Bulgaria (with Trifon Pavkov and Stanley Gyoshev)
Dealer Liquidity Provision in OTC Markets
Publications
Transaction Sequencing and House Price Pressures (with Morten Grindaker, Artashes Karapetyan, and Espen R. Moen), Management Science, (forthcoming) [pdf]
Information Quality and Regime Change: Evidence from the Lab (with Leif Helland, Felipe Iachan and Ragnar Juelsrud), Journal of Economic Behavior and Organization, (2021) 191, 538-554 [pdf] [journal]
Stock Market Wealth and the Real Economy: A Local Labor Market Approach (with Gabriel Chodorow-Reich and Alp Simsek), American Economic Review (2021) 111-5, 1613-57 [pdf] [journal]
NBER working paper No. 25959 [pdf]. Non-technical summary from The NBER Digest.
The Choice Channel of Financial Innovation (with Felipe Iachan and Alp Simsek), AEJ: Macroeconomics, (2021) 13-2, 333-72 [pdf] [journal]
NBER working paper No. 21686 [pdf].
Buying First or Selling First in Housing Markets (with Espen R. Moen and Florian Sniekers), Journal of the European Economic Association, (2021) 19-1, 38-81 ([pdf], [journal], [online appendix], [data and programs]) Awarded the Hicks-Tinbergen Medal for best paper in JEEA during 2020 and 2021.
CEPR discussion paper No. 10342 [pdf]. Non-technical summary from Vox-Eu.
Older version: Buying First or Selling First in Housing Markets. Buyer-Seller Decisions and Housing Market Volatility (with Espen R. Moen) [pdf]
CEPR discussion paper No. 9946 [pdf]
Duration Dependence and Labor Market Experience (with Arne Lyshol and Thea Wevelstad), Labour (2021) 35-1, 105-134 ([pdf], [journal])
Dividend Payouts and Rollover Crises (with Ragnar Juelsrud), Review of Financial Studies, (2020) 33:9, 4139-4185 ([pdf], [journal], [online appendix])
Endogenous Leverage and Advantageous Selection in Credit Markets, Review of Financial Studies, (2017) 30:11, pp. 3888-3920 ([pdf], [journal], [online appendix])
Thick-Market Effects, Housing Heterogeneity and the Determinants of Transaction Seasonality (with Erling Røed Larsen and Dag Einar Sommervoll), Economic Journal, (2016) 126, pp. 2402-2423 ([pdf], [journal], [online appendix], [data])
Regional Reallocation and Housing Markets in a Model of Frictional Migration, Review of Economic Dynamics, (2015) 18:4, pp. 863-880 ([pdf], [journal], [online appendix], [data and programs])
Older versions:
- Regional Mismatch and Labor Reallocation in an Equilibrium Model of Migration [pdf]
- Labor Market and Regional Reallocation Effects of Housing Busts [pdf available upon request]
Information Quality and Crises in Regime-Change Games (with Felipe Iachan), Journal of Economic Theory, (2015) 158B, pp. 739-768 ([pdf], [journal])
Older version: Rollover Crises and Transparency: The Role of Asymmetric Risk Sensitivities [pdf]