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Aaron Hedlund

Personal Details

First Name:Aaron
Middle Name:
Last Name:Hedlund
Suffix:
RePEc Short-ID:phe362
[This author has chosen not to make the email address public]
http://www.aaronhedlund.com
Twitter: @aaron_hedlund
Terminal Degree: Department of Economics; University of Pennsylvania (from RePEc Genealogy)

Affiliation

(75%) Economics Department
University of Missouri

Columbia, Missouri (United States)
http://economics.missouri.edu/
RePEc:edi:edumous (more details at EDIRC)

(25%) Research Division
Federal Reserve Bank of St. Louis

St. Louis, Missouri (United States)
https://research.stlouisfed.org/
RePEc:edi:efrblus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Chapters

Working papers

  1. Carlos Garriga & Aaron Hedlund & Yang Tang & Ping Wang, 2020. "Rural-Urban Migration and House Prices in China," NBER Working Papers 28013, National Bureau of Economic Research, Inc.
  2. Carlos Garriga & Aaron Hedlund, 2019. "Crises in the Housing Market: Causes, Consequences, and Policy Lessons," Working Papers 2019-33, Federal Reserve Bank of St. Louis.
  3. Aaron Hedlund, 2018. "Down Payments and the Homeownership Dream: Not Such a Barrier After All?," Working Papers 1806, Department of Economics, University of Missouri.
  4. Aaron Hedlund, 2018. "Credit Constraints, House Prices, and the Impact of Life Cycle Dynamics," Working Papers 1807, Department of Economics, University of Missouri.
  5. Carlos Garriga & Aaron Hedlund & Yang Tang & Ping Wang, 2017. "Rural-Urban Migration, Structural Transformation, and Housing Markets in China," NBER Working Papers 23819, National Bureau of Economic Research, Inc.
  6. Carlos Garriga & Aaron Hedlund, 2017. "Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession," Working Papers 2017-30, Federal Reserve Bank of St. Louis.
  7. Grey Gordon & Aaron Hedlund, 2016. "Accounting for the Rise in College Tuition," NBER Working Papers 21967, National Bureau of Economic Research, Inc.
  8. Aaron Hedlund, 2015. "Failure to Launch: Housing, Debt Overhang, and the Inflation Option During the Great Recession," Working Papers 1515, Department of Economics, University of Missouri.
  9. Aaron Hedlund, 2014. "Illiquidity and its Discontents: Trading Delays and Foreclosures in the Housing Market," Working Papers 1417, Department of Economics, University of Missouri.
  10. Aaron Hedlund, 2014. "Estate Taxation and Human Capital with Information Externalities," Working Papers 1415, Department of Economics, University of Missouri.
  11. Aaron Hedlund, 2014. "The Cyclical Dynamics of Illiquid Housing, Debt, and Foreclosures," Working Papers 1416, Department of Economics, University of Missouri.

Articles

  1. Matthew Famiglietti & Carlos Garriga & Aaron Hedlund, 2020. "The Geography of Housing Market Liquidity During the Great Recession," Review, Federal Reserve Bank of St. Louis, vol. 102(1), pages 51-77.
  2. Matthew Famiglietti & Carlos Garriga & Aaron Hedlund, 2019. "Are U.S. Housing Markets Hot, Hot, Hot?," Economic Synopses, Federal Reserve Bank of St. Louis, issue 21, August.
  3. Aaron Hedlund, 2019. "Pork-Barrel Politics and Polarization," Review, Federal Reserve Bank of St. Louis, vol. 101(1), pages 57-68.
  4. Matthew Famiglietti & Carlos Garriga & Aaron Hedlund, 2019. "Construction Permits and Future Housing Supply: Implications for 2020," Economic Synopses, Federal Reserve Bank of St. Louis, issue 27, December.

Chapters

  1. Grey Gordon & Aaron Hedlund, 2017. "Accounting for the Rise in College Tuition," NBER Chapters, in: Education, Skills, and Technical Change: Implications for Future US GDP Growth, pages 357-394, National Bureau of Economic Research, Inc.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Aaron Hedlund, 2014. "Illiquidity and its Discontents: Trading Delays and Foreclosures in the Housing Market," Working Papers 1417, Department of Economics, University of Missouri.

    Mentioned in:

    1. Illiquidity and its Discontents: Trading Delays and Foreclosures in the Housing Market
      by Christian Zimmermann in NEP-DGE blog on 2014-10-02 20:41:50

Working papers

  1. Carlos Garriga & Aaron Hedlund & Yang Tang & Ping Wang, 2020. "Rural-Urban Migration and House Prices in China," NBER Working Papers 28013, National Bureau of Economic Research, Inc.

    Cited by:

    1. Tan, Zhengxun & Tang, Qianqian & Meng, Juan, 2022. "The effect of monetary policy on China’s housing prices before and after 2017: A dynamic analysis in DSGE model," Land Use Policy, Elsevier, vol. 113(C).
    2. Dou, Huan & Pang, Xinyuan & Ke, Huan & Liu, Yuanyuan, 2024. "Pain or gain? The effects of transportation infrastructure on labor costs in China 1," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 413-431.
    3. Fang, Min & Huang, Zibin, 2022. "Migration, housing constraints, and inequality: A quantitative analysis of China," Labour Economics, Elsevier, vol. 78(C).
    4. Yan Song & Jiang Zhou & Yingjie Zhang & Dingxin Wu & Honghai Xu, 2022. "How Much Are Amenities Worth? An Empirical Study on Urban Land and Housing Price Differentials across Chinese Cities," Land, MDPI, vol. 11(6), pages 1-16, June.
    5. Dalmazzo, Alberto & de Blasio, Guido & Poy, Samuele, 2022. "Can Public Housing Trigger Industrialization?," Journal of Housing Economics, Elsevier, vol. 57(C).
    6. Hu, Genhua & Fan, Gang-Zhi, 2022. "Empirical evidence of risk contagion across regional housing markets in China," Economic Modelling, Elsevier, vol. 115(C).
    7. Fischer, Thomas, 2023. "Spatial inequality and housing in China," Journal of Urban Economics, Elsevier, vol. 134(C).

  2. Aaron Hedlund, 2018. "Down Payments and the Homeownership Dream: Not Such a Barrier After All?," Working Papers 1806, Department of Economics, University of Missouri.

    Cited by:

    1. Hedlund, Aaron, 2018. "Credit constraints, house prices, and the impact of life cycle dynamics," Economics Letters, Elsevier, vol. 171(C), pages 202-207.

  3. Carlos Garriga & Aaron Hedlund & Yang Tang & Ping Wang, 2017. "Rural-Urban Migration, Structural Transformation, and Housing Markets in China," NBER Working Papers 23819, National Bureau of Economic Research, Inc.

    Cited by:

    1. Kaiji Chen & Yi Wen, 2014. "The great housing boom of China," Working Papers 2014-22, Federal Reserve Bank of St. Louis.
    2. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," Globalization Institute Working Papers 340, Federal Reserve Bank of Dallas.
    3. Adhvaryu, Achyuta & Nyshadham, Anant & Xu, Huayu, 2023. "Hostel takeover: Living conditions, reference dependence, and the well-being of migrant workers," Journal of Public Economics, Elsevier, vol. 226(C).
    4. Charles Ka Yui Leung & Joe Cho Yiu Ng & Edward Chi Ho Tang, 2020. "Why is the Hong Kong housing market unaffordable? Some stylized facts and estimations," ISER Discussion Paper 1081, Institute of Social and Economic Research, Osaka University.
    5. Mao, Guangyu & Shen, Yan, 2019. "Bubbles or fundamentals? Modeling provincial house prices in China allowing for cross-sectional dependence," China Economic Review, Elsevier, vol. 53(C), pages 53-64.
    6. Jia, Pengfei & Lim, King Yoong, 2018. "Tax Policy and Toxic Housing Bubbles in China," MPRA Paper 86576, University Library of Munich, Germany.
    7. Yin-Chi Wang & Ping Wang & Chong Yip & Pei-Ju Liao, 2017. "Educational Choice, Rural-urban Migration and Economic Development: The Role of Zhaosheng in China," 2017 Meeting Papers 738, Society for Economic Dynamics.
    8. Chunping Liu & Zhirong Ou, 2021. "What determines China's housing price dynamics? New evidence from a DSGE‐VAR," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3269-3305, July.
    9. Gabrieli, Tommaso & Panagiotidis, Theodore & Xu, Yishuang, 2019. "Pair-wise convergence of intra-city house prices in Beijing," The Journal of Economic Asymmetries, Elsevier, vol. 20(C).
    10. Sen, A., 2024. "Structural Change at a Disaggregated Level: Sectoral Heterogeneity Matters," Janeway Institute Working Papers 2410, Faculty of Economics, University of Cambridge.
    11. Zhang, Chuanchuan & Jia, Shen & Yang, Rudai, 2016. "Housing affordability and housing vacancy in China: The role of income inequality," Journal of Housing Economics, Elsevier, vol. 33(C), pages 4-14.
    12. Pei-Ju Liao & Ping Wang & Yin-Chi Wang & Chong K. Yip, 2020. "Fertility and Internal Migration," Review, Federal Reserve Bank of St. Louis, vol. 102(4), pages 429-445, October.
    13. Carlos Garriga & Aaron Hedlund, 2019. "Crises in the Housing Market: Causes, Consequences, and Policy Lessons," Working Papers 2019-33, Federal Reserve Bank of St. Louis.
    14. Chunping Liu & Zhirong Ou, 2017. "What determines China's housing price dynamics? New evidence from a DSGE-VAR," NBS Discussion Papers in Economics 2017/04, Economics, Nottingham Business School, Nottingham Trent University.
    15. Bian, Timothy Yang & Gete, Pedro, 2015. "What drives housing dynamics in China? A sign restrictions VAR approach," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 96-112.
    16. Ding, Xiaozhou, 2021. "College education and internal migration in China," China Economic Review, Elsevier, vol. 69(C).
    17. Wu, Jing & Gyourko, Joseph & Deng, Yongheng, 2016. "Evaluating the risk of Chinese housing markets: What we know and what we need to know," China Economic Review, Elsevier, vol. 39(C), pages 91-114.
    18. Yang, Jian & Yu, Ziliang & Deng, Yongheng, 2018. "Housing price spillovers in China: A high-dimensional generalized VAR approach," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 98-114.
    19. Yang, Jian & Tong, Meng & Yu, Ziliang, 2021. "Housing market spillovers through the lens of transaction volume: A new spillover index approach," Journal of Empirical Finance, Elsevier, vol. 64(C), pages 351-378.
    20. Chen, Binkai & Yang, Xi & Zhong, Ninghua, 2020. "Housing demand and household saving rates in china: Evidence from a housing reform," Journal of Housing Economics, Elsevier, vol. 49(C).
    21. Anton Cheremukhin & Mikhail Golosov & Sergei Guriev & Aleh Tsyvinski, 2015. "The Economy of People’s Republic of China from 1953," NBER Working Papers 21397, National Bureau of Economic Research, Inc.
    22. Minetti, Raoul & Peng, Tao & Jiang, Tao, 2019. "Keeping up with the Zhangs and house price dynamics in China," Journal of Economic Dynamics and Control, Elsevier, vol. 109(C).
    23. Lina Meng & Xiao Xiao & Yinggang Zhou, 2023. "Housing Boom and Household Migration Decision: New Evidence from China," The Journal of Real Estate Finance and Economics, Springer, vol. 67(3), pages 453-479, October.
    24. Chang Liu & Wei Xiong, 2018. "China's Real Estate Market," NBER Working Papers 25297, National Bureau of Economic Research, Inc.
    25. Howard, Greg & Liebersohn, Jack, 2021. "Why is the rent so darn high? The role of growing demand to live in housing-supply-inelastic cities," Journal of Urban Economics, Elsevier, vol. 124(C).
    26. Xiaofeng Zhao & Mingming Zhang & Ying Li & Xianjin Huang & Baiyuan Wang & Lin Zhang, 2020. "Urban residential land expansion and agglomeration in China: a spatial analysis approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(6), pages 5317-5335, August.
    27. Nikolay Kurichev & Ekaterina Kuricheva, 2020. "Interregional migration, the housing market, and a spatial shift in the metro area: Interrelationships in the case study of Moscow," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(4), pages 689-703, August.
    28. Guriev, Sergei & Cheremukhin, Anton & Golosov, Mikhail & Tsyvinski, Aleh, 2015. "The Economy of People’s Republic of China from 1953," CEPR Discussion Papers 10764, C.E.P.R. Discussion Papers.
    29. Martin Schneider, 2016. "Comment," NBER Macroeconomics Annual, University of Chicago Press, vol. 30(1), pages 167-175.
    30. Fang, Min & Huang, Zibin, 2022. "Migration, housing constraints, and inequality: A quantitative analysis of China," Labour Economics, Elsevier, vol. 78(C).
    31. Hung, Li-Wen & Peng, Shin-Kun, 2021. "Rural-urban migration with remittances and welfare analysis," Regional Science and Urban Economics, Elsevier, vol. 91(C).
    32. Yang, Xiaozhong & Zhang, Cheng, 2023. "Travelling for public goods, neighborhood effect and spatial stratification," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 128-139.
    33. Vipul Bhatt & Mouhua Liao & Min Qiang Zhao, 2019. "Government Policy and Land Price Dynamics: A Quantitative Assessment of China's Factor Market," Working Papers 2019-07-03, Wang Yanan Institute for Studies in Economics (WISE), Xiamen University.
    34. Hu Meiting & Dong Jichang & Yin Lijun & Li Xiuting & Meng Chun, 2021. "A Study on the Relationship Between Land Finance and Housing Price in Urbanization Process: An Empirical Analysis of 182 Cities in China Based on Threshold Panel Models," Journal of Systems Science and Information, De Gruyter, vol. 9(1), pages 74-94, February.
    35. William R. Emmons & Jacob Haas & Christopher J. Neely, 2020. "Responses of International Central Banks to the COVID-19 Crisis," Review, Federal Reserve Bank of St. Louis, vol. 102(4), pages 338-384, October.
    36. Yu Zhang, 2017. "Liquidity Constraints, Transition Dynamics, and the Chinese Housing Return Premium," 2017 Meeting Papers 1217, Society for Economic Dynamics.
    37. Martin Schneider, 2015. "Comment on "Demystifying the Chinese Housing Boom"," NBER Chapters, in: NBER Macroeconomics Annual 2015, Volume 30, pages 167-175, National Bureau of Economic Research, Inc.
    38. Fei, Xuan, 2022. "Trade liberalization and structural changes: Prefecture-level evidence from China," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 103-126.
    39. Yang, Xiaozhong & Zhang, Cheng, 2022. "Spatial investments in the real estate industry: Based on the population flow within the city," Journal of Business Research, Elsevier, vol. 140(C), pages 593-603.

  4. Carlos Garriga & Aaron Hedlund, 2017. "Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession," Working Papers 2017-30, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Ngai, L. Rachel & Sheedy, Kevin D., 2023. "The Ins and Outs of Selling Houses: Understanding Housing-Market Volatility," IZA Discussion Papers 16603, Institute of Labor Economics (IZA).
    2. Adam M Guren & Timothy J McQuade, 2020. "How Do Foreclosures Exacerbate Housing Downturns?," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(3), pages 1331-1364.
    3. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," Globalization Institute Working Papers 340, Federal Reserve Bank of Dallas.
    4. Martin Eichenbaum & Sergio Rebelo & Arlene Wong, 2022. "State-Dependent Effects of Monetary Policy: The Refinancing Channel," American Economic Review, American Economic Association, vol. 112(3), pages 721-761, March.
    5. Serdar Ozkan & Kurt Mitman & Fatih Karahan & Aaron Hedlund, 2017. "Monetary Policy, Heterogeneity, and the Housing Channel," 2017 Meeting Papers 1610, Society for Economic Dynamics.
    6. S. Boragan Aruoba & Ronel Elul & Sebnem Kalemli Ozcan, 2022. "Housing Wealth and Consumption: The Role of Heterogeneous Credit Constraints," Working Papers 22-34, Federal Reserve Bank of Philadelphia.
    7. Funke, Michael & Kirkby, Robert & Mihaylovski, Petar, 2018. "House prices and macroprudential policy in an estimated DSGE model of New Zealand," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 152-171.
    8. Daniel L. Greenwald & Adam Guren, 2021. "Do Credit Conditions Move House Prices?," NBER Working Papers 29391, National Bureau of Economic Research, Inc.
    9. Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2020. "Household Financial Distress and the Burden of 'Aggregate' Shocks," Working Paper 20-12, Federal Reserve Bank of Richmond.
    10. Anthony A. DeFusco & Charles G. Nathanson & Eric Zwick, 2017. "Speculative Dynamics of Prices and Volume," NBER Working Papers 23449, National Bureau of Economic Research, Inc.
    11. James Graham & Avish Sharma, 2024. "Monetary Policy and the Homeownership Rate," Working Papers 2024-11, University of Sydney, School of Economics.
    12. Riccardo De Bonis & Danilo Liberati & John Muellbauer & Concetta Rondinelli, 2023. "Why net worth is the wrong concept for explaining consumption: evidence from Italy," Economics Series Working Papers 1026, University of Oxford, Department of Economics.
    13. Leung, Charles Ka Yui, 2022. "Housing and Macroeconomics," MPRA Paper 115500, University Library of Munich, Germany.
    14. Du Caju, Philip & Périlleux, Guillaume & Rycx, François & Tojerow, Ilan, 2021. "A Bigger House at the Cost of an Empty Fridge? The Effect of Households' Indebtedness on Their Consumption: Micro-Evidence Using Belgian HFCS Data," GLO Discussion Paper Series 799, Global Labor Organization (GLO).
    15. Egan, Paul & McQuinn, Kieran, 2023. "Monetary tightening in the Euro Area: Implications for residential investment," Papers WP767, Economic and Social Research Institute (ESRI).
    16. Alessandro Gavazza & Andrea Lanteri, 2018. "Credit Shocks and Equilibrium Dynamics in Consumer Durable Goods Markets," 2018 Meeting Papers 384, Society for Economic Dynamics.
    17. R. Anton Braun & Daisuke Ikeda, 2021. "Monetary Policy over the Life Cycle," FRB Atlanta Working Paper 2021-20a, Federal Reserve Bank of Atlanta.
    18. Nuno Paixao, 2019. "Propagation of House Price Shocks through the Banking System," 2019 Meeting Papers 1237, Society for Economic Dynamics.
    19. Miroslav Gabrovski & Victor Ortego-Marti, 2020. "Search and Credit Frictions in the Housing Market," Working Papers 202016, University of California at Riverside, Department of Economics.
    20. Xiaoqing Zhou, 2021. "Online Appendix to "Mortgage borrowing and the boom-bust cycle in consumption and residential investment"," Online Appendices 19-339, Review of Economic Dynamics.
    21. Haroon Mumtaz & Roman Sustek, 2023. "Global house prices since 1950," Discussion Papers 2307, Centre for Macroeconomics (CFM).
    22. Gabrovski, Miroslav & Kospentaris, Ioannis, 2021. "Intermediation in over-the-counter markets with price transparency," Journal of Economic Theory, Elsevier, vol. 198(C).
    23. Jerez, Belén, 2022. "Competitive search with two-sided risk aversion," UC3M Working papers. Economics 34383, Universidad Carlos III de Madrid. Departamento de Economía.
    24. Allen Head & Huw Lloyd-Ellis & Derek Stacey, 2018. "Heterogeneity, Frictional Assignment and Home-Ownership," Working Papers 070, Ryerson University, Department of Economics, revised Oct 2018.
    25. Diaz Rodriguez, Antonia & Jerez Garcia-Vaquero, Maria Belen & Rincón-Zapatero, Juan Pablo, 2020. "Housing prices and credit constraints in competitive search," UC3M Working papers. Economics 30623, Universidad Carlos III de Madrid. Departamento de Economía.
    26. Soyoung Lee, 2023. "The Macroeconomic Effects of Debt Relief Policies During Recessions," Staff Working Papers 23-48, Bank of Canada.
    27. Cho, Yunho & Morley, James & Singh, Aarti, 2019. "Marginal propensities to consume before and after the Great Recession," Working Papers 2019-11, University of Sydney, School of Economics, revised Sep 2021.
    28. Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2019. "The Effects of Macroeconomic Shocks: Household Financial Distress Matters," Working Papers 2019-025, Federal Reserve Bank of St. Louis, revised 11 Sep 2023.
    29. Miroslav Gabrovski & Victor Ortego-Marti, 2022. "Home Construction Financing and Search Frictions in the Housing Market," Working Papers 202217, University of California at Riverside, Department of Economics.
    30. Yunho Cho & James Morley & Aarti Singh, 2023. "Did Marginal Propensities to Consume Change with the Housing Boom and Bust?," CAMA Working Papers 2023-32, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    31. Bill Dupor & M. Saif Mehkari & Rong Li & Yi-Chan Tsai, 2019. "The 2008 US Auto Market Collapse," 2019 Meeting Papers 66, Society for Economic Dynamics.
    32. Miroslav Gabrovski & Victor Ortego-Marti, 2021. "On the Positive Slope of the Beveridge Curve in the Housing Market," Working Papers 202113, University of California at Riverside, Department of Economics.
    33. Carlos Garriga & Lowell R. Ricketts & Don E. Schlagenhauf, 2017. "The Homeownership Experience of Minorities During the Great Recession," Review, Federal Reserve Bank of St. Louis, vol. 99(1), pages 139-167.
    34. Kircher, Philipp & Wright, Randall & Julien, Benoit & Guerrieri, Veronica, 2017. "Directed Search: A Guided Tour," CEPR Discussion Papers 12315, C.E.P.R. Discussion Papers.
    35. Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2019. "Consumption in the Great Recession: The Financial Distress Channel," Research Working Paper RWP 19-6, Federal Reserve Bank of Kansas City.
    36. Riccardo De Bonis & Danilo Liberati & John Muellbauer & Concetta Rondinelli, 2020. "Consumption and wealth: new evidence from Italy," Temi di discussione (Economic working papers) 1304, Bank of Italy, Economic Research and International Relations Area.
    37. Peter Ganong & Pascal J. Noel, 2020. "Why Do Borrowers Default on Mortgages?," NBER Working Papers 27585, National Bureau of Economic Research, Inc.
    38. Carro, Adrian, 2023. "Taming the housing roller coaster: The impact of macroprudential policy on the house price cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    39. Carlos Garriga & Aaron Hedlund, 2018. "Housing Finance, Boom-Bust Episodes, and Macroeconomic Fragility," 2018 Meeting Papers 354, Society for Economic Dynamics.
    40. Pavel Krivenko, 2018. "Unemployment and the US housing market during the Great Recession," 2018 Meeting Papers 579, Society for Economic Dynamics.
    41. Cumming, Fergus, 2022. "Mortgage cash-flows and employment," European Economic Review, Elsevier, vol. 144(C).
    42. Xiaoqing Zhou, 2021. "Mortgage Borrowing and the Boom-Bust Cycle in Consumption and Residential Investment," Working Papers 2103, Federal Reserve Bank of Dallas.
    43. Peter Ganong & Pascal J. Noel, 2020. "Why Do Borrowers Default on Mortgages? A New Method For Causal Attribution," Working Papers 2020-100, Becker Friedman Institute for Research In Economics.
    44. Arigoni, Filippo & McCann, Fergal & Yao, Fang, 2022. "Mortgage credit and house prices: evidence to inform macroprudential policy," Financial Stability Notes 11/FS/22, Central Bank of Ireland.
    45. Hedlund, Aaron, 2016. "Illiquidity and its discontents: Trading delays and foreclosures in the housing market," Journal of Monetary Economics, Elsevier, vol. 83(C), pages 1-13.
    46. Miroslav Gabrovski & Victor Ortego-Marti, 2021. "On the Slope of the Beveridge Curve in the Housing Market," Working Papers 202105, University of Hawaii at Manoa, Department of Economics.
    47. Chuanyong Zhang & Guoliang Feng, 2018. "More wealth, less leisure? Effect of housing wealth on tourism expenditure in China," Tourism Economics, , vol. 24(5), pages 526-540, August.
    48. Laura Bakkensen & Toan Phan & Russell Wong, 2023. "Leveraging the Disagreement on Climate Change: Theory and Evidence," Working Paper 23-01, Federal Reserve Bank of Richmond.
    49. Roman Sustek, 2022. "A Back-of-the-Envelope Analysis of House Prices: Czech Republic, 2013-2021," CERGE-EI Working Papers wp737, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    50. William Diamond & Tim Landvoigt, 2019. "Credit Cycles with Market Based Household Leverage," 2019 Meeting Papers 162, Society for Economic Dynamics.
    51. Head, Allen & Sun, Hongfei & Zhou, Chenggang, 2023. "Indebted sellers, liquidity and mortgage standards," European Economic Review, Elsevier, vol. 151(C).
    52. Roman Sustek, 2021. "A back-of-the-envelope analysis of house prices: Czech Republic, 2013-2021," Discussion Papers 2120, Centre for Macroeconomics (CFM).
    53. Nuno Paixao, 2018. "Housing Prices and Consumer Spending: The Bank Balance Sheet Channel," 2018 Meeting Papers 1017, Society for Economic Dynamics.
    54. Ong, Rachel & Graham, James & Cigdem, Melek & Phelps, Christopher & Whelan, Stephen, 2023. "Financing first home ownership: modelling policy impacts at market and individual levels," SocArXiv p59te, Center for Open Science.
    55. Cumming, Fergus & Hubert, Paul, 2022. "House prices, the distribution of household debt and the refinancing channel of monetary policy," Economics Letters, Elsevier, vol. 212(C).
    56. Carlos Garriga & Pedro Gete & Athena Tsouderou, 2023. "The economic effects of real estate investors," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(3), pages 655-685, May.
    57. Mérő, Bence & Borsos, András & Hosszú, Zsuzsanna & Oláh, Zsolt & Vágó, Nikolett, 2023. "A high-resolution, data-driven agent-based model of the housing market," Journal of Economic Dynamics and Control, Elsevier, vol. 155(C).
    58. Eunseoung Ma & Sarah Zubairy, 2020. "Homeownership and Housing Transitions: Explaining the Demographic Composition," Departmental Working Papers 2020-04, Department of Economics, Louisiana State University.
    59. Leong, Soon Heng & Pellegrini, Carlo Bellavite & Urga, Giovanni, 2020. "The contribution of shadow insurance to systemic risk," Journal of Financial Stability, Elsevier, vol. 51(C).
    60. Diamond, William & Landvoigt, Tim, 2022. "Credit cycles with market-based household leverage," Journal of Financial Economics, Elsevier, vol. 146(2), pages 726-753.
    61. Jaccard, Ivan, 2021. "Leveraged property cycles," Working Paper Series 2539, European Central Bank.
    62. Fiona Price & Benjamin Beckers & Gianni La Cava, 2019. "The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data," RBA Research Discussion Papers rdp2019-06, Reserve Bank of Australia.
    63. Adrian Carro, 2022. "Could Spain be less different? Exploring the effects of macroprudential policy on the house price cycle," Working Papers 2230, Banco de España.
    64. William Gamber & James Graham & Anirudh Yadav, 2021. "Stuck at home: Housing demand during the COVID- 19 pandemic," CAMA Working Papers 2021-97, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    65. Miroslav Gabrovski & Victor Ortego-Marti, 2021. "Efficiency in the Housing Market with Search Frictions," Working Papers 202108, University of California at Riverside, Department of Economics.
    66. Josue Cox & Sydney C. Ludvigson, 2018. "Drivers of the Great Housing Boom-Bust: Credit Conditions, Beliefs, or Both?," NBER Working Papers 25285, National Bureau of Economic Research, Inc.
    67. Andrea Camilli & Marta Giagheddu, 2020. "Public debt and crowding-out: the role of housing wealth," Working Papers 441, University of Milano-Bicocca, Department of Economics, revised Oct 2020.
    68. Josue Cox & Sydney C. Ludvigson, 2021. "Drivers of the great housing boom‐bust: Credit conditions, beliefs, or both?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(3), pages 843-875, September.
    69. Krivenko, Pavel, 2023. "The Role of Moving Shocks, Unemployment, and Policy in Understanding Housing Bust," Journal of Banking & Finance, Elsevier, vol. 154(C).

  5. Grey Gordon & Aaron Hedlund, 2016. "Accounting for the Rise in College Tuition," NBER Working Papers 21967, National Bureau of Economic Research, Inc.

    Cited by:

    1. Heathcote, Jonathan & Cai, Zhifeng, 2018. "College Tuition and Income Inequality," CEPR Discussion Papers 13101, C.E.P.R. Discussion Papers.
    2. Lafond, François & Goldin, Ian & Koutroumpis, Pantelis & Winkler, Julian, 2022. "Why is productivity slowing down?," INET Oxford Working Papers 2022-08, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    3. Rodrigo Azuero & David Zarruk Valencia, 2016. "The Effects of Student Loans on the Provision and Demand for Higher Education," PIER Working Paper Archive 17-020, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 22 Oct 2017.
    4. Lutz Hendricks & Christopher Herrington & Todd Schoellman, 2018. "College Access and Attendance Patterns: A Long-Run View," Opportunity and Inclusive Growth Institute Working Papers 10, Federal Reserve Bank of Minneapolis.
    5. Ciprian Domnisoru & Ioana Cosmina Schiopu, 2021. "The Rise of For-Profit Higher Education: A General Equilibrium Analysis," CESifo Working Paper Series 9134, CESifo.
    6. Aaron Hedlund & Grey Gordon, 2017. "Accounting for Tuition Increases at U.S. Colleges," 2017 Meeting Papers 1550, Society for Economic Dynamics.
    7. Holger Sieg & Yu Wang, 2017. "The Impact of Student Debt on Education, Career, and Marriage Choices of Female Lawyers," NBER Working Papers 23453, National Bureau of Economic Research, Inc.
    8. Emily E. Cook, 2021. "Competing Campuses: Equilibrium Prices, Admissions, and Undergraduate Programs in US Higher Education," Working Papers 2120, Tulane University, Department of Economics.

  6. Aaron Hedlund, 2015. "Failure to Launch: Housing, Debt Overhang, and the Inflation Option During the Great Recession," Working Papers 1515, Department of Economics, University of Missouri.

    Cited by:

    1. Serdar Ozkan & Kurt Mitman & Fatih Karahan & Aaron Hedlund, 2017. "Monetary Policy, Heterogeneity, and the Housing Channel," 2017 Meeting Papers 1610, Society for Economic Dynamics.
    2. Carlos Garriga & Finn E. Kydland & Roman Šustek, 2016. "Nominal Rigidities in Debt and Product Markets," Working Papers 801, Queen Mary University of London, School of Economics and Finance.

  7. Aaron Hedlund, 2014. "Illiquidity and its Discontents: Trading Delays and Foreclosures in the Housing Market," Working Papers 1417, Department of Economics, University of Missouri.

    Cited by:

    1. Adam M Guren & Timothy J McQuade, 2020. "How Do Foreclosures Exacerbate Housing Downturns?," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 87(3), pages 1331-1364.
    2. Essi Eerola & Niku Maattanen, 2018. "Borrowing constraints and housing market liquidity," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 27, pages 184-204, January.
    3. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," Globalization Institute Working Papers 340, Federal Reserve Bank of Dallas.
    4. Miroslav Gabrovski & Victor Ortego-Marti, 2020. "Search and Credit Frictions in the Housing Market," Working Papers 202016, University of California at Riverside, Department of Economics.
    5. Diaz Rodriguez, Antonia & Jerez Garcia-Vaquero, Maria Belen & Rincón-Zapatero, Juan Pablo, 2020. "Housing prices and credit constraints in competitive search," UC3M Working papers. Economics 30623, Universidad Carlos III de Madrid. Departamento de Economía.
    6. Allen Head & Amy Hongfei Sun & Chenggang Zhou, 2016. "Default, Mortgage Standards And Housing Liquidity," Working Paper 1359, Economics Department, Queen's University.
    7. Maiko Koga & Kohei Matsumura, "undated". "Marginal Propensity to Consume and the Housing Choice," Bank of Japan Working Paper Series 20-E-3, Bank of Japan.
    8. Kircher, Philipp & Wright, Randall & Julien, Benoit & Guerrieri, Veronica, 2017. "Directed Search: A Guided Tour," CEPR Discussion Papers 12315, C.E.P.R. Discussion Papers.
    9. Aaron Hedlund, 2018. "Credit Constraints, House Prices, and the Impact of Life Cycle Dynamics," Working Papers 1807, Department of Economics, University of Missouri.
    10. Bielecki, Marcin & Stähler, Nikolai, 2018. "Labor tax reductions in Europe: The role of property taxation," Discussion Papers 30/2018, Deutsche Bundesbank.
    11. Aaron Hedlund, 2014. "The Cyclical Dynamics of Illiquid Housing, Debt, and Foreclosures," Working Papers 1416, Department of Economics, University of Missouri.
    12. Carlos Garriga & Aaron Hedlund, 2020. "Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession," American Economic Review, American Economic Association, vol. 110(6), pages 1603-1634, June.
    13. Aaron Hedlund, 2018. "Down Payments and the Homeownership Dream: Not Such a Barrier After All?," Working Papers 1806, Department of Economics, University of Missouri.
    14. Hedlund, Aaron, 2018. "Credit constraints, house prices, and the impact of life cycle dynamics," Economics Letters, Elsevier, vol. 171(C), pages 202-207.
    15. Aaron Hedlund, 2015. "Failure to Launch: Housing, Debt Overhang, and the Inflation Option During the Great Recession," Working Papers 1515, Department of Economics, University of Missouri.

  8. Aaron Hedlund, 2014. "Estate Taxation and Human Capital with Information Externalities," Working Papers 1415, Department of Economics, University of Missouri.

    Cited by:

    1. Ashley Cooper Craig, 2018. "Optimal Income Taxation with Spillovers from Employer Learning," 2018 Papers pcr186, Job Market Papers.

  9. Aaron Hedlund, 2014. "The Cyclical Dynamics of Illiquid Housing, Debt, and Foreclosures," Working Papers 1416, Department of Economics, University of Missouri.

    Cited by:

    1. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," Globalization Institute Working Papers 340, Federal Reserve Bank of Dallas.
    2. Tim Landvoigt & Stijn Van Nieuwerburgh & Vadim Elenev, 2015. "Phasing out the GSEs," 2015 Meeting Papers 977, Society for Economic Dynamics.
    3. Anthony A. DeFusco & Charles G. Nathanson & Eric Zwick, 2017. "Speculative Dynamics of Prices and Volume," NBER Working Papers 23449, National Bureau of Economic Research, Inc.
    4. Greg Kaplan & Kurt Mitman & Giovanni L. Violante, 2016. "Non-durable Consumption and Housing Net Worth in the Great Recession: Evidence from Easily Accessible Data," NBER Working Papers 22232, National Bureau of Economic Research, Inc.
    5. Alina Arefeva, 2016. "How Auctions Amplify House-Price Fluctuations," 2016 Meeting Papers 714, Society for Economic Dynamics.
    6. Carlos Garriga & Aaron Hedlund, 2019. "Crises in the Housing Market: Causes, Consequences, and Policy Lessons," Working Papers 2019-33, Federal Reserve Bank of St. Louis.
    7. Allen Head & Huw Lloyd-Ellis & Derek Stacey, 2018. "Heterogeneity, Frictional Assignment and Home-Ownership," Working Papers 070, Ryerson University, Department of Economics, revised Oct 2018.
    8. Allen Head & Amy Hongfei Sun & Chenggang Zhou, 2016. "Default, Mortgage Standards And Housing Liquidity," Working Paper 1359, Economics Department, Queen's University.
    9. Greg Kaplan & Kurt Mitman & Giovanni L. Violante, 2017. "The Housing Boom and Bust: Model Meets Evidence," NBER Working Papers 23694, National Bureau of Economic Research, Inc.
    10. Elton Dusha & Alexandre Janiak, 2018. "On the dynamics of asset prices and liquidity: the role of search frictions and idiosyncratic shocks," 2018 Meeting Papers 524, Society for Economic Dynamics.
    11. Kircher, Philipp & Wright, Randall & Julien, Benoit & Guerrieri, Veronica, 2017. "Directed Search: A Guided Tour," CEPR Discussion Papers 12315, C.E.P.R. Discussion Papers.
    12. Morris A. Davis & Stijn Van Nieuwerburgh, 2014. "Housing, Finance and the Macroeconomy," NBER Working Papers 20287, National Bureau of Economic Research, Inc.
    13. Smith, E, 2015. "High and Low Activity Spell in Housing Markets," Economics Discussion Papers 15620, University of Essex, Department of Economics.
    14. Hedlund, Aaron, 2016. "Illiquidity and its discontents: Trading delays and foreclosures in the housing market," Journal of Monetary Economics, Elsevier, vol. 83(C), pages 1-13.
    15. Bielecki, Marcin & Stähler, Nikolai, 2018. "Labor tax reductions in Europe: The role of property taxation," Discussion Papers 30/2018, Deutsche Bundesbank.
    16. Dietsch, Michel & Petey, Joël, 2015. "The credit-risk implications of home ownership promotion: The effects of public subsidies and adjustable-rate loans," Journal of Housing Economics, Elsevier, vol. 28(C), pages 103-120.

Articles

  1. Matthew Famiglietti & Carlos Garriga & Aaron Hedlund, 2020. "The Geography of Housing Market Liquidity During the Great Recession," Review, Federal Reserve Bank of St. Louis, vol. 102(1), pages 51-77.

    Cited by:

    1. Tran, My & Gannon, Brenda & Rose, Christiern, 2023. "The effect of housing wealth on older adults’ health care utilization: Evidence from fluctuations in the U.S. housing market," Journal of Health Economics, Elsevier, vol. 88(C).

  2. Matthew Famiglietti & Carlos Garriga & Aaron Hedlund, 2019. "Construction Permits and Future Housing Supply: Implications for 2020," Economic Synopses, Federal Reserve Bank of St. Louis, issue 27, December.

    Cited by:

    1. Mohsen Bahmani-Oskooee & Hesam Ghodsi & Muris Hadzic, 2021. "On the Link between House Prices and House Permits: Asymmetric Evidence from 51 States of the United States of America," International Real Estate Review, Global Social Science Institute, vol. 24(3), pages 323-361.

Chapters

  1. Grey Gordon & Aaron Hedlund, 2017. "Accounting for the Rise in College Tuition," NBER Chapters, in: Education, Skills, and Technical Change: Implications for Future US GDP Growth, pages 357-394, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.

More information

Research fields, statistics, top rankings, if available.

Statistics

Access and download statistics for all items

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 12 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (10) 2014-09-25 2014-09-29 2014-10-03 2015-11-01 2015-11-01 2016-03-29 2017-10-01 2017-12-03 2018-04-30 2019-11-11. Author is listed
  2. NEP-URE: Urban and Real Estate Economics (9) 2014-09-25 2014-09-29 2015-11-01 2017-10-01 2017-12-03 2018-04-30 2018-05-07 2019-11-11 2020-11-30. Author is listed
  3. NEP-DGE: Dynamic General Equilibrium (7) 2014-09-25 2014-09-29 2015-11-01 2017-10-01 2017-12-03 2018-04-30 2020-11-30. Author is listed
  4. NEP-CNA: China (2) 2017-10-01 2020-11-30
  5. NEP-EDU: Education (2) 2015-11-01 2016-03-29
  6. NEP-MIG: Economics of Human Migration (2) 2017-10-01 2020-11-30
  7. NEP-ORE: Operations Research (2) 2014-10-03 2020-11-30
  8. NEP-TRA: Transition Economics (2) 2017-10-01 2020-11-30
  9. NEP-ACC: Accounting and Auditing (1) 2017-12-03
  10. NEP-AGR: Agricultural Economics (1) 2020-11-30
  11. NEP-BAN: Banking (1) 2014-09-29
  12. NEP-CTA: Contract Theory and Applications (1) 2014-10-03
  13. NEP-GER: German Papers (1) 2014-09-29
  14. NEP-HRM: Human Capital and Human Resource Management (1) 2014-10-03
  15. NEP-LMA: Labor Markets - Supply, Demand, and Wages (1) 2014-10-03
  16. NEP-PBE: Public Economics (1) 2014-10-03
  17. NEP-PUB: Public Finance (1) 2014-10-03

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