Teaching

Part I: Credit and housing markets

Lecture 1 Introduction

Lecture 2 Credit and business cycles (Mian, Sufi and Verner, 2017)

Lecture 3 Credit growth in the financial crisis (Mian & Sufi, 2009; Adelino, Schoar and Severino, 2016)

Lecture 4 House price expectations (Armona, Fuster and Zafar, 2019)

Lecture 5 Credit shocks and house prices (Favara and Imbs, 2015) 

Lecture 6 Credit vs expectations (Kaplan, Mitman and Violante, 2020)

Lecture 7 Credit vs expectations part 2 (Greenwald & Guren, 2021)

Part II: Macroprudential policies and the housing markets

Lecture 9 Mortgage payments and borrowing (Bäckman, Moran and van Santen, 2025)

Lecture 10 LTV policies (DeFusco, Johnson and Mondragon, 2020)

Lecture 11 Macroprudential policies (Acharya,  Bergant, Crosignani, Eisert and  McCann, 2022)

Lecture 12 Interest-rates and house prices (Gorea Kryvtsov, and Kudlyak, 2022)

Lecture 13 The broader picture – putting it all together

Lecture 1 Introduction to household finance

Part 1: The consumption response to shock

Lecture 2 Consumption in life-cycle models (Kaplan and Violante, 2022) 

Lecture 3 Income shocks (Fuster, Kaplan, and Zafar, 2021)

Lecture 4 Housing wealth shocks (Mian, Sufi, and Rao, 2013; Aladangady, 2017)

Lecture 5 Stock market shocks (Di Maggio, Kermani, and Majlesi, 2020; Andersen, Johannesen, and Sheridan, 2024)

Lecture 6 Interest-rate shocks (Holm, Paul and Tischbirek, 2021; Andersen, Johannesen, Jørgensen and Peydro, 2023)

Lecture 7 Hand-to-mouth households (Aguiar, Biils and Boar, 2024)

Part 2: Heterogeneity 

Lecture 8 Wealth inequality (Fagereng, Guiso, Malacrino, and Pistaferri, 2020; Bach, Calvet, and Sodini, 2020) 

Lecture 9 Time preferences (Epper Fehr, Fehr-Duda, Kreiner, Lassen, Leth-Petersen, & Rasmussen, 2020)  

Lecture 10: Financial Literacy (Lusardi, Michaud and Mitchell, 2017)