Paul Willen's Research Site
Paul S. Willen
Senior Economist and Policy Advisor
Federal Reserve Bank of Boston
T: 617-973-3149
Recent Papers
“How Resilient Is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic,” with Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, and James Vickery. 2021. https://doi.org/10.29412/res.wp.2021.04 Revise-and-resubmit, Journal of Finance.
“Do Lenders Still Discriminate? A Robust Approach for Assessing Differences in Menus,” with David Hao Zhang. 2020. https://doi.org/10.29412/res.wp.2020.19
“Mortgage Prepayment, Race, and Monetary Policy,” with Kristopher Gerardi and David Hao Zhang. 2020. https://doi.org/10.29412/res.wp.2020.07 Revise-and-resubmit, Journal of Financial Economics.
“The Time-Varying Price of Financial Intermediation in the Mortgage Market." With Andreas Fuster and Stephanie Lo. Forthcoming, Journal of Finance.
Some Presentations
Discussion of Del Valle, Scharlemann and Shore (2019), Indarte (2019) and Chava, Ganduri, Paradkar and Zeng (2019), Cleveland Fed OFR Financial Stability Conference, Cleveland, November 22, 2019
Discussion of "Expectations during the US Housing Boom: Inferring Beliefs from Actions" by Ben David, Towbin and Weber, Financial Dysfunction Conference, London School of Economics, June 6, 2019.
Presentation of "The Price-Rent Ratio in the Boom: Measurement and implications." Notre Dame Real Estate Conference, Chicago, May 23, 2019.
Presentation of "Cross-Sectional Patterns of Mortgage Debt During the Housing Boom: Evidence and Implications." Cowles Foundation for Research in Economics at Yale University, 15th Annual Conference on General Equilibrium and its Applications, New Haven, April 26-27, 2019
Discussion of Mian and Sufi (2018), "Credit Supply and Housing Speculation", NBER Monetary Economics Meeting, Cambridge, November 2, 2018
Revisiting the U.S. Mortgage Credit Boom of the 2000s: New Evidence and Explanations, 8th RECAPNET Conference on Behavioral Real Estate, Mannheim, November 4, 2016
Why did so many people make so many ex post bad decisions? The causes of the foreclosure crisis Bentley University. April 12, 2013