Tim Landvoigt

I am an Assistant Professor in the finance department of the Wharton School. My research is on macroeconomics with focus on housing and mortgage finance and the role and regulation of financial intermediaries.

CV (pdf)


Working Papers

  • "Financial Fragility with SAM?," with Daniel Greenwald and Stijn Van Nieuwerburgh, (SSRN)
  • "A Macroeconomic Model with Financially Constrained Producers and Intermediaries," with Vadim Elenev and Stijn Van Nieuwerburgh, (SSRN)
  • "Financial Regulation in a Quantitative Model of the Modern Banking System," with Juliane Begenau (SSRN), 2016 WFA Award for Best Paper on Financial Institutions
  • "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, (SSRN)
  • "Financial Intermediation, Credit Risk, and Credit Supply during the Housing Boom" (SSRN)
  • "Financial Industry Dynamics," with Richard Lowery (SSRN)


  • “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)
  • "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)


(215) 898 9749



The Wharton School

2324 Steinberg-Dietrich Hall

3620 Locust Walk

Philadelphia, PA 19104