Research

Working Papers

Missing Home-Buyers and Rent Inflation: the Role of Interest Rates and Mortgage Underwriting Standards 

Long-Term Debt and Short-Term Rates: Fixed Rate Mortgages and Monetary Transmission,  with Rui C.Mano

IMF WP version

Presented at: Bank of Finland-CEPR Conference, Frontiers in Monetary Economics in the 21st Century

Publications

Spending Response to a Predictable Increase in Mortgage Repayments: Evidence from Expiring Interest-Only Loans 

 with Henrik Yde Andersen and Stine Ludvig Bech 

 The Review of Economics and Statistics, 106 (1), Pages 277-285, 2024 

House Price History, Biased Expectations and Credit Cycles: the Role of Housing Investors

Real Estate Economics,  49: 1238– 1266 , 2021

Debt, Inequality and House Prices: Explaining the Dynamics of Household Borrowing Prior to the Great Recession

Journal of Housing Economics, 47: 101601, 2020

Book Chapters 

Beliefs and Risk Taking,  with Kaspar Zimmermann 

in Leveraged: The New Economics of Debt and Financial Fragility,  Chicago University Press, 2022

Presented at: Private Debt Initiative  (2019); Video

Dormant papers

Real Effects of Relaxing Financial Constraints for Homeowners: Evidence from Danish Firms, (2020) with Julia Moertel

Selected presentations: University of Bonn; Household Finance and Consumption (2019); EABCN 2019, ESCB-EFA Day Ahead 2019