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Economics and Finance

D-Index
44
Citations
9605
World Ranking
1843
National Ranking
1086

Overview

Paul S. Willen is affiliated with the Federal Reserve Bank of Boston in the United States. Their research primarily falls within the broad domain of Economics, Econometrics, and Finance, with a more focused concentration on Economics and Econometrics as well as Finance. The body of work spans several interconnected topics related to housing markets, financial literacy, labor dynamics, and banking stability.

The main topics covered in their research include:

  • Housing Market and Economics
  • Housing, Finance, and Neoliberalism
  • Financial Literacy, Pension, Retirement Analysis
  • Labor market dynamics and wage inequality
  • Banking stability, regulation, efficiency
  • Spatial and Panel Data Analysis
  • Global trade and economics

Willen has contributed extensively to the academic literature, with a significant number of works published in venues such as the SSRN Electronic Journal, the Working paper series, and the Working paper category. Other publication venues include the Journal of Financial Economics and The Review of Economic Studies.

Some of the recent papers authored or co-authored by Willen are:

  • Mortgage prepayment, race, and monetary policy (2023), Journal of Financial Economics
  • Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications (2020), The Review of Economic Studies
  • How Resilient Is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic (2021), Finance and Economics Discussion Series
  • Mortgage Prepayment, Race, and Monetary Policy (2020), SSRN Electronic Journal
  • Mortgage Prepayment, Race, and Monetary Policy (2020), Working paper series

Throughout their career, Willen has frequently collaborated with several scholars, including:

  • Lara Loewenstein
  • Kristopher Gerardi
  • David Hao Zhang
  • Lauren Lambie-Hanson
  • Andreas Fuster

Their research contributions explore issues within the housing market and mortgage credit supply, often addressing topics such as race, monetary policy, and economic behavior during significant periods like the COVID-19 pandemic. Their work combines empirical analysis with economic theory to investigate financial systems, labor market inequalities, and regulatory impacts.

Best Publications

  • Negative equity and foreclosure: theory and evidence

    Christopher L. Foote;Kristopher S. Gerardi;Paul S. Willen

  • Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures

    Kristopher Gerardi;Adam Hale Shapiro;Paul S. Willen

  • Making Sense of the Subprime Crisis

    Kristopher S. Gerardi;Andreas Lehnert;Shane M. Sherland;Paul S. Willen

  • Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures

    Kristopher Gerardi;Adam Hale Shapiro;Paul Willen;Paul Willen

  • Why don't Lenders renegotiate more home mortgages? Redefaults, self-cures and securitization

    Manuel Adelino;Kristopher Gerardi;Paul S. Willen

  • Why did so many people make so many ex post bad decisions? the causes of the foreclosure crisis

    Christopher L. Foote;Kristopher S. Gerardi;Paul S. Willen

  • Reducing Foreclosures: No Easy Answers

    Christopher L. Foote;Kristopher Gerardi;Lorenz Goette;Paul Willen

  • Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice *

    Steven J. Davis;Paul Willen

  • Payment Size, Negative Equity, and Mortgage Default

    Andreas Fuster;Paul S. Willen

  • Borrowing Costs and the Demand for Equity over the Life Cycle

    Steven J. Davis;Felix Kubler;Paul Willen

  • Can’t Pay or Won’t Pay? Unemployment, Negative Equity, and Strategic Default

    Kristopher Gerardi;Kyle F. Herkenhoff;Lee E. Ohanian;Paul S. Willen

  • Foreclosure externalities: New evidence

    Kristopher Gerardi;Eric Rosenblatt;Paul S. Willen;Vincent Yao

  • How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset‐Backed Commercial Paper Money Market Mutual Fund Liquidity Facility

    Burcu Duygan-Bump;Patrick M. Parkinson;Eric S. Rosengren;Gustavo A. Suarez

  • Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications

    Christopher L Foote;Lara Loewenstein;Paul S Willen

  • Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice

    Steven J. Davis;Paul S. Willen

  • Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice

    Steven J. Davis;Steven J. Davis;Steven J. Davis;Paul Willen;Paul Willen

  • Reducing foreclosures: no easy answers

    Christopher L. Foote;Kristopher S. Gerardi;Lorenz Goette;Paul S. Willen

  • Using Financial Assets to Hedge Labor Income Risks: Estimating the Benefits

    Steven J. Davis;Paul Willen

  • The Impact of Deregulation and Financial Innovation on Consumers: The Case of the Mortgage Market

    Kristopher S. Gerardi;Harvey S. Rosen;Paul S. Willen

  • Subprime mortgages, foreclosures, and urban neighborhoods

    Kristopher S. Gerardi;Paul S. Willen

  • Negative Equity and Foreclosure: Theory and Evidence

    Christopher L. Foote;Kristopher Gerardi;Paul Willen;Paul Willen

  • Educational Opportunity and Income Inequality

    Igal E Hendel;Joel Shapiro;Paul Willen

  • $1.25 Trillion is still real money: some facts about the effects of the Federal Reserve’s mortgage market investments

    Andreas Fuster;Paul S. Willen

  • Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis

    Christopher L. Foote;Kristopher S. Gerardi;Paul S. Willen;Paul S. Willen

  • Summary of "subprime outcomes: risky mortgages, homeownership experiences, and foreclosures"

    Kristopher S. Gerardi;Adam Hale Shapiro;Paul S. Willen

Frequent Co-Authors

Kristopher S. Gerardi
Kristopher S. Gerardi Federal Reserve Bank of Atlanta
Steven J. Davis
Steven J. Davis Hoover Institution
Lorenz Goette
Lorenz Goette National University of Singapore
Harvey S. Rosen
Harvey S. Rosen Princeton University
Lee E. Ohanian
Lee E. Ohanian University of California, Los Angeles
Erik Hurst
Erik Hurst University of Chicago
Zvi Bodie
Zvi Bodie Boston University
Eric S. Rosengren
Eric S. Rosengren Federal Reserve Bank of Boston
Stephen L. Ross
Stephen L. Ross University of Connecticut
Steven J. Davis
Steven J. Davis Stanford University

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