Tim Landvoigt

CV (pdf)

Working Papers

• "Interest Rate Risk and Cross-Sectional Effects of Micro-Prudential Regulation," with Juliane Begenau and Vadim Elenev (SSRN)

• "Asset Pricing with Optimal Under-Diversification," with Vadim Elenev (SSRN) 

• "Can Monetary Policy Create Fiscal Capacity?," with Vadim Elenev, Patrick Shultz, and Stijn Van Nieuwerburgh (SSRN) 

• "What can Structural Economic Models Teach us about the Housing Affordability Crisis?," with Boaz Abramson, prepared for the Journal of Economic Perspectives (working paper)

Publications

• "Printing Away the Mortgages: Fiscal Inflation and the Post-Covid Boom," with William Diamond and German Sanchez Sanchez, accepted at Journal of Financial Economics, working paper

• "Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinancing Program," with Sumit Agarwal, Gene Amromin, Souphala Chomsisengphet, Tomasz Piskorski, Amit Seru and Vincent W. Yao, Review of Economic Studies, 2022  SSRN

• "Can the Covid Bailouts Save the Economy?," with Vadim Elenev and Stijn Van Nieuwerburgh, Economic Policy, 2022 SSRN

• "Credit Cycles with Market Based Household Leverage," with William Diamond, Journal of Financial Economics, 2021 SSRN, Code

• "Financial Regulation in a Quantitative Model of the Modern Banking System," with Juliane Begenau, Review of Economic Studies, 2021 SSRN, Code

• "A Macroeconomic Model with Financially Constrained Producers and Intermediaries," with Vadim Elenev and Stijn Van Nieuwerburgh, Econometrica, 2021,89: 1361-1418  SSRN, Code

• "Financial Fragility with SAM?," with Daniel Greenwald and Stijn Van Nieuwerburgh, Journal of Finance, 2021, 76: 651-706 SSRN, Code

• “Housing Demand during the Boom: The Role of Expectations and Credit Constraints,” Review of Financial Studies, 30(6), 2017, 1865-1902, working paper pdf

• "Phasing out the GSEs," with Vadim Elenev and Stijn Van Nieuwerburgh,  Journal of Monetary Economics, Volume 81, 2016, pp. 111-132, SSRN

• "The Housing Market(s) of San Diego," with Monika Piazzesi and Martin Schneider, American Economic Review, Volume 105(4), 2015, pp. 1371-1407, working paper pdf, Code

• "Housing assignment with restrictions: theory and evidence from Stanford campus," with Monika Piazzesi and Martin Schneider, American Economic Review P&P, Volume 104(5), 2014, pp. 67-72, working paper pdf

Work in Progress

• “Search to own or search to rent? Structural vacancies in the cross section of cities,” with Boaz Abramson, Monika Piazzesi, and Martin Schneider

Older Working Papers

• "Financial Intermediation, Credit Risk, and Credit Supply during the Housing Boom" (SSRN)

• "Financial Industry Dynamics," with Richard Lowery (SSRN)