Working Papers

7. Monetary Policy Pass-Through with ARMs

      With Miguel Ferreira and Sujiao (Emma) Zhao, August 2026. NBER WP 34824

6. Screen More, Sell Later: Screening and Dynamic Signaling in the Mortgage Market

      With Bin Wei and Feng Zhao, December 2025. NBER WP 34815

5. Concentration and Cost Pass-Through: Evidence from Mortgage Pricing

      With Taha Ahsin, August 2026.

4. Segmented Multipliers: Evidence from Welfare Cuts

      With Jim Goldman, August 2026, R&R.

3. The Heterogeneous Effects of Household Debt Relief

      With Miguel Ferreira and Miguel Oliveira, April 2025.

2. The Environmental Cost of Easy Credit: The Housing Channel

      With David Robinson, October 2023. NBER WP 31769

1. Perception of House Price Risk and Homeownership

      With Antoinette Schoar and Felipe Severino, June 2018. NBER WP 27090

Work in Progress

Permanent Working Papers

  2. Loan Originations and Defaults in the Mortgage Crisis: Further Evidence

      With Antoinette Schoar and Felipe Severino, June 2015.

  1. Do Investors Rely Only on Ratings? The Case of Mortgage-Backed Securities