I am a PhD candidate at the Department of Economics, Stockholm University.

My research covers household finance and macroeconomics, with a specific focus on how households and firms respond to macroprudential and monetary policies.

I will be on the academic job market in 2025/2026. Here is my CV.

Abstract: I study how parental transfers shape first-time home purchases and the transmission of borrower-based policy in Sweden. Linking deed-level records on parents’ home equity extractions to their children’s first-home transactions, I identify transfers for the down payment and quantify their effects on housing and mortgage choices. Transfers raise purchase prices, relax down payment constraints, and leave recipients with higher debt-to-income ratios alongside a roughly 11% net housing wealth gain in the year after purchase. Exploiting the 2010 loan-to-value (LTV) cap, I show attenuated pass-through for buyers with access to parental equity: they sustain purchasing power while keeping LTV at (or near) the cap, consistent with a shift from collateral to payment constraints. To clarify why transfers arise, I provide evidence on the supply of transfers: a shift–share instrument for parental house prices shows that a 10% shock to prices increases the probability of transfers with 1 pp. The findings highlight that borrower-based rules calibrated on individual balance sheets overlook the parental balance sheet, with implications for macroprudential design. 

Housing Collateral, Macroprudential Policies, and Corporate Investment
[latest version HERE]

Abstract: I study how borrower‑based macroprudential policies transmit to real investment via housing collateral. Leveraging a novel owner-firm linked panel covering all closely held Swedish corporations and their controlling households (2006–2020), I exploit the roll-out of an 85% LTV cap (2010) and two amortization requirements tied to LTV (2016) and DTI (2018) as quasi‑experimental shocks to owners’ borrowing capacity. In an event‑study framework, I find that firms whose owners were subject to the borrowing thresholds reduce their annual fixed investment rate by 3 pp on average, while home equity extractions by these households fall by around 5%. The investment drag is concentrated among small, intangible‑intensive, and high‑productivity firms, whereas land‑rich or larger firms remain largely unaffected. The results underscore a design trade-off in macroprudential policy: limiting household leverage may come alongside reduced productive investment and weaker dynamism.

Mortgage relief programs as stabilization tools (joint with Märta Almgren, and Matthias Hänsel)