Economist studying macro, household finance, and inequality @ Federal Reserve Board, University of Copenhagen @CEBI_UCPH, and @TheIFS. Views are my own.
Join us this Wed at 11 AM (ET) for Patrick Moran's (@pedm@federalreserve) talk on how debt repayment schedules shape household borrowing, based on a policy reform ending IO mortgages for LTV ratios > 50%.
Registration: https://t.co/eRW7aVFMoA
Website: https://t.co/d911JcXy1s
📝New SAFE Working Paper No. 421 "Mortgage Design, Repayment Schedules, and Household Borrowing" by @ClaesBackman, @pedm, and Peter van Santen.
👉Find it via https://t.co/IOvr2fPKHm #mortgagedesign#EconTwitter
Finance Professor Taha Choukhmane featured in USA Today: “It’s not just how much you save. It’s how you save, and where you save.” https://t.co/5NzPSNJSlQ
House prices have fallen by about double digits (!) in Canada/Australia, which are countries with floating-rate mortgages or shorter mortgage fixation lengths, but not in the US (from the @IMFNews latest Global Financial Stability Report): @JuliaAFonseca
Yesterday hurt. Today, @utkarsh__saxena and I went back to the court that denied our rights, and exchanged rings. So this week wasn't about a legal loss, but our engagement. We'll return to fight another day.
On my way to present at the @ECB_Research/@IMFNews Macroprudential Policy and Research Conference. I’ll talk about the effect of the Swedish amortization requirement on household borrowing, joint work with @pedm and Peter van Santen. Program and paper: https://t.co/Mt9xOydXsg
🤩Like many, I am so HAPPY. As Claudia Goldin started to work on gender inequality before it was considered an interesting topic in economics, and opened the way for so much fascinating research…
Joe Biden's Economic Report of the President https://t.co/t8WjPjOvIK mentions two @CEBI_UCPH studies on gender inequality: https://t.co/Hqe88nd1a1 https://t.co/aIpRxW9eK2 @GrundforskFond#dkforsk
Striking numbers: according to this new survey 88% (!) of Green voters support an import stop of Russian energy.
Looking at the overall population the number is 69%.
Solidarity with Ukraine has its price, and most Germans are willing to pay it. Representative survey reveals majority willing to accept higher gas prices if this were to increase the pressure on the Russian government to #StopWarInUkraine .
https://t.co/RMeSbOprda
What is the role of behavior for inequality in society? At Center for Economic Behavior and Inequality (CEBI) we answer this question. And now a new publication filled with stories about our research results is out. Get free access here:
https://t.co/F7egOJKpWo
Different firms pay differently for similar jobs. Who benefits from this?
20 yrs ago: blue collar workers, at big, unionized or generous firms.
Today: mostly managers and professionals, already high-paid due to skill.
This exacerbates inequality!
https://t.co/xttVh63cO9
Plus it’s really the perfect time of the year for a trip to Copenhagen: days last super long, sea water is almost swimmable warm, high school graduates cruise around the city in open top trucks wearing funny caps...
How do perceived trade-offs between public health and the economy shape people’s policy views during the Covid-19 pandemic? Our paper ”Lives or Livelihoods: Perceived Trade-offs and Policy Views” studies this question. Now forthcoming at the EJ, with @Cortnie_Shupe.🧵below: (1/n)