Zobrazeno 1 - 10
of 21
pro vyhledávání: '"Cristian Badarinza"'
Publikováno v:
American Economic Review. 112:3398-3440
We quantify reference dependence and loss aversion in the housing market using rich Danish administrative data. Our structural model includes loss aversion, reference dependence, financial constraints, and a sale decision, and matches key nonparametr
Publikováno v:
Journal of Financial Economics. 145:132-152
We propose a new explanation for the persistence of gravity in international investment flows based on new facts about large cross-border commercial real estate transactions. Buyers in these transactions preferentially match with counterparties from
Publikováno v:
IMF Working Papers. 2023:1
Publikováno v:
Annual Review of Financial Economics. 11:109-129
We survey the household finance landscape in emerging economies. We first present statistics on household balance sheets from official microsurveys in countries constituting 45% of the global population: China, India, Bangladesh, the Philippines, Tha
Autor:
Cristian Badarinza
Publikováno v:
Review of Economic Dynamics. 34:43-60
In an attempt to keep up with the social standards defined by their peer group, households can use long-term collateralized lending to finance purchases of goods that signal social value – most notably, real estate. Because in the social status gam
Autor:
Tarun Ramadorai, Cristian Badarinza
Publikováno v:
Journal of Financial Economics. 130:532-555
Identifying the effects of “flights to safety” on asset prices using pure time-series methods is difficult because crises are infrequent. We develop a new cross-sectional identification approach, motivated by the insight that investors may differ
Publikováno v:
Annual Review of Economics. 8:111-144
This article reviews the literature on international comparative household finance. It presents summary statistics on household balance sheets for 13 developed countries and uses these statistics to discuss common features and contrasts across countr
Publikováno v:
SSRN Electronic Journal.
We survey the household finance landscape in emerging economies. We first present statistics on household balance sheets from official microsurveys in countries constituting 45% of the global population: China, India, Bangladesh, the Philippines, Tha
Publikováno v:
SSRN Electronic Journal.
Gravity models excel at explaining international trade and investment flows; their success poses a continuing puzzle. In a comprehensive dataset of global commercial real-estate investments, we find that the role of distance in the gravity model is w
Publikováno v:
SSRN Electronic Journal.
We propose a novel supply-side channel for the transmission of macroprudential policy. We exploit a unique policy experiment that tightens collateral requirements differentially across mortgage contract types, and document a composition change toward