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Paul S. Willen

Personal Details

First Name:Paul
Middle Name:S.
Last Name:Willen
Suffix:
RePEc Short-ID:pwi457
[This author has chosen not to make the email address public]
https://sites.google.com/view/willenresearch/home

Affiliation

Economic Research
Federal Reserve Bank of Boston

Boston, Massachusetts (United States)
http://www.bos.frb.org/economic/

: 617-973-3397
617-973-4221
P.O. Box 2076, Boston, Massachusetts 02106-2076
RePEc:edi:efrbous (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Chapters

Working papers

  1. Paul S. Willen & Christopher L. Foote & Lara Loewenstein, 2019. "Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications," Working Papers 191900, Federal Reserve Bank of Cleveland, revised 16 Oct 2019.
  2. Christopher Foote & Jaromir Nosal & Lara Loewenstein & Paul Willen, 2018. "Maybe Some People Shouldn’t Own (3) Homes," 2018 Meeting Papers 922, Society for Economic Dynamics.
  3. Lara Loewenstein & Paul S. Willen & Christopher L. Foote, 2018. "Technological Innovation in Mortgage Underwriting and the Growth in Credit: 1985-2015," Working Papers (Old Series) 1816, Federal Reserve Bank of Cleveland, revised 07 Dec 2018.
  4. Stephanie Lo & Andreas Fuster & Paul S. Willen, 2017. "The time-varying price of financial intermediation in the mortgage market," Working Papers 16-28, Federal Reserve Bank of Boston, revised 01 Jan 2017.
  5. Paul S. Willen & Christopher L. Foote, 2017. "Mortgage-default research and the recent foreclosure crisis," Working Papers 17-13, Federal Reserve Bank of Boston, revised 01 Oct 2017.
  6. W. Scott Frame & Kristopher S. Gerardi & Paul S. Willen, 2015. "The failure of supervisory stress testing: Fannie Mae, Freddie Mac, and OFHEO," FRB Atlanta Working Paper 2015-3, Federal Reserve Bank of Atlanta.
  7. Lynn M. Fisher & Lauren Lambie-Hanson & Paul S. Willen, 2014. "The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums," NBER Working Papers 20080, National Bureau of Economic Research, Inc.
  8. Paul S. Willen & Jordan Rappaport, 2014. "Tight credit conditions continue to constrain the housing recovery," Current Policy Perspectives 141, Federal Reserve Bank of Boston.
  9. Paul S. Willen, 2014. "Evaluating Policies to Prevent another Crisis: An Economist's View," NBER Working Papers 20100, National Bureau of Economic Research, Inc.
  10. Kristopher S. Gerardi & Kyle F. Herkenhoff & Lee E. Ohanian & Paul S. Willen, 2013. "Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default," FRB Atlanta Working Paper 2013-04, Federal Reserve Bank of Atlanta, revised 01 Jun 2017.
  11. Christopher L. Foote & Kristopher S. Gerardi & Paul S. Willen, 2012. "Why did so many people make so many ex post bad decisions?: the causes of the foreclosure crisis," Public Policy Discussion Paper 12-2, Federal Reserve Bank of Boston.
  12. Kristopher S. Gerardi & Eric Rosenblatt & Paul S. Willen & Vincent W. Yao, 2012. "Foreclosure externalities: Some new evidence," FRB Atlanta Working Paper 2012-11, Federal Reserve Bank of Atlanta.
  13. Paul S. Willen & Andreas Fuster, 2012. "Payment size, negative equity, and mortgage default," Staff Reports 582, Federal Reserve Bank of New York, revised 01 Jan 2015.
  14. Kristopher Gerardi & Lauren Lambie-Hanson & Paul S. Willen, 2011. "Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process," NBER Working Papers 17666, National Bureau of Economic Research, Inc.
  15. Paul S. Willen & Andreas Fuster, 2010. "$1.25 Trillion is still real money : some facts about the effects of the Federal Reserve’s mortgage market investments," Public Policy Discussion Paper 10-4, Federal Reserve Bank of Boston.
  16. Kristopher S. Gerardi & Paul S. Willen & Christopher L. Foote, 2010. "Reasonable people did disagree : optimism and pessimism about the U.S. housing market before the crash," Public Policy Discussion Paper 10-5, Federal Reserve Bank of Boston.
  17. Patrick M. Parkinson & Burcu Duygan-Bump & Eric S. Rosengren & Gustavo A. Suarez & Paul S. Willen, 2010. "How effective were the Federal Reserve emergency liquidity facilities?: evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility," Supervisory Research and Analysis Working Papers QAU10-3, Federal Reserve Bank of Boston, revised 2010.
  18. Paul S. Willen & Andreas Fuster, 2010. "Insuring consumption using income-linked assets," Working Papers 10-1, Federal Reserve Bank of Boston, revised 2010.
  19. Manuel Adelino & Kristopher S. Gerardi & Paul S. Willen, 2010. "What explains differences in foreclosure rates?: a response to Piskorski, Seru, and Vig," Working Papers 10-2, Federal Reserve Bank of Boston, revised 2010.
  20. Lauren Lambie-Hanson & Lynn Fisher & Paul S. Willen, 2010. "A profile of the mortgage crisis in a low-and-moderate-income community," Public Policy Discussion Paper 10-6, Federal Reserve Bank of Boston.
  21. Christopher L. Foote & Lorenz Goette & Paul S. Willen & Kristopher S. Gerardi, 2009. "Reducing foreclosures," Public Policy Discussion Paper 09-2, Federal Reserve Bank of Boston.
  22. Manuel Adelino & Kristopher Gerardi & Paul S. Willen, 2009. "Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization," NBER Working Papers 15159, National Bureau of Economic Research, Inc.
  23. Christopher L. Foote & Kristopher S. Gerardi & Lorenz Goette & Paul S. Willen, 2009. "Reducing foreclosures: no easy answers," FRB Atlanta Working Paper 2009-15, Federal Reserve Bank of Atlanta.
  24. Kristopher S. Gerardi & Adam Hale Shapiro & Paul S. Willen, 2009. "Decomposing the foreclosure crisis: House price depreciation versus bad underwriting," FRB Atlanta Working Paper 2009-25, Federal Reserve Bank of Atlanta.
  25. Kristopher S. Gerardi & Shane M. Sherlund & Paul S. Willen & Andreas Lehnert, 2009. "Making sense of the subprime crisis," Public Policy Discussion Paper 09-1, Federal Reserve Bank of Boston.
  26. Kristopher S. Gerardi & Paul S. Willen, 2009. "Subprime mortgages, foreclosures, and urban neighborhoods," FRB Atlanta Working Paper 2009-01, Federal Reserve Bank of Atlanta.
  27. Christopher L. Foote & Lorenz Goette & Kristopher S. Gerardi & Paul S. Willen, 2008. "Subprime facts: what (we think) we know about the subprime crisis and what we don’t," Public Policy Discussion Paper 08-2, Federal Reserve Bank of Boston.
  28. Kristopher S. Gerardi & Adam Hale Shapiro & Paul S. Willen, 2008. "Summary of "subprime outcomes: risky mortgages, homeownership experiences, and foreclosures"," Proceedings 1091, Federal Reserve Bank of Chicago.
  29. Kristopher S. Gerardi & Paul S. Willen & Christopher L. Foote, 2008. "Negative equity and foreclosure: theory and evidence," Public Policy Discussion Paper 08-3, Federal Reserve Bank of Boston.
  30. Kristopher Gerardi & Harvey S. Rosen & Paul Willen, 2007. "Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market," Working Papers 61, Princeton University, Department of Economics, Center for Economic Policy Studies..
  31. Paul S. Willen & Zvi Bodie & Jonathan Treussard, 2007. "The theory of life-cycle saving and investing," Public Policy Discussion Paper 07-3, Federal Reserve Bank of Boston.
  32. Kristopher S. Gerardi & Paul S. Willen & Adam Hale Shapiro, 2007. "Subprime outcomes: risky mortgages, homeownership experiences, and foreclosures," Working Papers 07-15, Federal Reserve Bank of Boston, revised 2007.
  33. Paul S. Willen & Harvey S. Rosen & Kristopher S. Gerardi, 2007. "A summary of: \\"Do households benefit from financial deregulation and innovation? the case of mortgage market\\"," Proceedings 1054, Federal Reserve Bank of Chicago.
  34. Felix Kubler & Paul S. Willen, 2006. "Collateralized borrowing and life-cycle portfolio choice," Public Policy Discussion Paper 06-4, Federal Reserve Bank of Boston.
  35. Paul S. Willen, 2004. "Incomplete markets and trade," Working Papers 04-8, Federal Reserve Bank of Boston, revised 2004.
  36. Erik Hurst & Paul Willen, 2004. "Social Security and Unsecured Debt," NBER Working Papers 10282, National Bureau of Economic Research, Inc.
  37. Igal Hendel & Joel Shapiro & Paul Willen, 2003. "Educational Opportunity and Income Inequality," Working Papers 89, Barcelona Graduate School of Economics.
  38. Steven J. Davis & Felix Kubler & Paul Willen, 2002. "Borrowing Costs and the Demand for Equity Over the Life Cycle," NBER Working Papers 9331, National Bureau of Economic Research, Inc.
  39. Igal Hendel & Joel Shapiro & Paul Willen, 2001. "Educational opportunity and the college premium," Economics Working Papers 560, Department of Economics and Business, Universitat Pompeu Fabra.
  40. Steven J. Davis & Jeremy Nalewaik & Paul Willen, 2000. "On the Gains to International Trade in Risky Financial Assets," NBER Working Papers 7796, National Bureau of Economic Research, Inc.
  41. Steven J. Davis & Paul Willen, 2000. "Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice," NBER Working Papers 7905, National Bureau of Economic Research, Inc.

Articles

  1. Christopher L. Foote & Paul S. Willen, 2018. "Mortgage-Default Research and the Recent Foreclosure Crisis," Annual Review of Financial Economics, Annual Reviews, vol. 10(1), pages 59-100, November.
  2. Kristopher Gerardi & Kyle F. Herkenhoff & Lee E. Ohanian & Paul S. Willen, 2018. "Can’t Pay or Won’t Pay? Unemployment, Negative Equity, and Strategic Default," Review of Financial Studies, Society for Financial Studies, vol. 31(3), pages 1098-1131.
  3. Andreas Fuster & Paul S. Willen, 2017. "Payment Size, Negative Equity, and Mortgage Default," American Economic Journal: Economic Policy, American Economic Association, vol. 9(4), pages 167-191, November.
  4. Gerardi, Kristopher & Rosenblatt, Eric & Willen, Paul S. & Yao, Vincent, 2015. "Foreclosure externalities: New evidence," Journal of Urban Economics, Elsevier, vol. 87(C), pages 42-56.
  5. Paul Willen, 2015. "Discussion of Arslan, Guler, and Taskin," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(S1), pages 171-174, March.
  6. Lynn M. Fisher & Lauren Lambie-Hanson & Paul Willen, 2015. "The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums," American Economic Journal: Economic Policy, American Economic Association, vol. 7(1), pages 119-140, February.
  7. Paul S. Willen & Jordan Rappaport, 2014. "Tight credit conditions continue to constrain the housing recovery," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-2, July 7.
  8. Paul Willen, 2014. "Mandated Risk Retention in Mortgage Securitization: An Economist's View," American Economic Review, American Economic Association, vol. 104(5), pages 82-87, May.
  9. Manuel Adelino & Kristopher Gerardi & Paul Willen, 2014. "Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early Payment Defaults," The Journal of Real Estate Finance and Economics, Springer, vol. 49(3), pages 352-378, October.
  10. Gerardi, Kristopher & Lambie-Hanson, Lauren & Willen, Paul S., 2013. "Do borrower rights improve borrower outcomes? Evidence from the foreclosure process," Journal of Urban Economics, Elsevier, vol. 73(1), pages 1-17.
  11. Paul S. Willen & Andreas Fuster & Laurie Goodman & David O. Lucca & Laurel Madar & Linsey Molloy, 2013. "The rising gap between primary and secondary mortgage rates," Economic Policy Review, Federal Reserve Bank of New York, pages 17-39.
  12. Adelino, Manuel & Gerardi, Kristopher & Willen, Paul S., 2013. "Why don't Lenders renegotiate more home mortgages? Redefaults, self-cures and securitization," Journal of Monetary Economics, Elsevier, vol. 60(7), pages 835-853.
  13. Steven J. Davis & Paul Willen, 2013. "Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 3(03n04), pages 1-53.
  14. Burcu Duygan-Bump & Patrick Parkinson & Eric Rosengren & Gustavo A. Suarez & Paul Willen, 2013. "How Effective Were the Federal Reserve Emergency Liquidity Facilities? Evidence from the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility," Journal of Finance, American Finance Association, vol. 68(2), pages 715-737, April.
  15. Andreas Fuster & Paul S. Willen, 2011. "Insuring Consumption Using Income-Linked Assets," Review of Finance, European Finance Association, vol. 15(4), pages 835-873.
  16. Kristopher Gerardi & Stephen L. Ross & Paul Willen, 2011. "Decoding misperceptions: The role of underwriting and appropriate policy responses," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 30(2), pages 396-398, March.
  17. Kristopher Gerardi & Stephen L. Ross & Paul Willen, 2011. "Understanding the foreclosure crisis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 30(2), pages 382-388, March.
  18. Kristopher S. Gerardi & Harvey S. Rosen & Paul S. Willen, 2010. "The Impact of Deregulation and Financial Innovation on Consumers: The Case of the Mortgage Market," Journal of Finance, American Finance Association, vol. 65(1), pages 333-360, February.
  19. Gerardi Kristopher & Willen Paul, 2009. "Subprime Mortgages, Foreclosures, and Urban Neighborhoods," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-37, March.
  20. Christopher L. Foote & Jeffrey C. Fuhrer & Eileen Mauskopf & Paul S. Willen, 2009. "A proposal to help distressed homeowners: a government payment-sharing plan," Public Policy Brief, Federal Reserve Bank of Boston.
  21. Kristopher Gerardi & Andreas Lehnert & Shane M. Sherlund & Paul Willen, 2008. "Making Sense of the Subprime Crisis," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(2 (Fall)), pages 69-159.
  22. Paul S. Willen & Kristopher S. Gerardi & Adam Hale Shapiro, 2008. "Foreclosures, house-price changes, and subprime mortgages in Massachusetts cities and towns," Interactive Maps and Charts, Federal Reserve Bank of Boston.
  23. Foote, Christopher L. & Gerardi, Kristopher & Willen, Paul S., 2008. "Negative equity and foreclosure: Theory and evidence," Journal of Urban Economics, Elsevier, vol. 64(2), pages 234-245, September.
  24. Foote, Christopher L. & Gerardi, Kristopher & Goette, Lorenz & Willen, Paul S., 2008. "Just the facts: An initial analysis of subprime's role in the housing crisis," Journal of Housing Economics, Elsevier, vol. 17(4), pages 291-305, December.
  25. Hurst, Erik & Willen, Paul, 2007. "Social security and unsecured debt," Journal of Public Economics, Elsevier, vol. 91(7-8), pages 1273-1297, August.
  26. Paul S. Willen, 2006. "Financial innovation and the Great Moderation: what do household data say? - comments," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.
  27. Steven J. Davis & Felix Kubler & Paul Willen, 2006. "Borrowing Costs and the Demand for Equity over the Life Cycle," The Review of Economics and Statistics, MIT Press, vol. 88(2), pages 348-362, May.
  28. Hendel, Igal & Shapiro, Joel & Willen, Paul, 2005. "Educational opportunity and income inequality," Journal of Public Economics, Elsevier, vol. 89(5-6), pages 841-870, June.
  29. Paul Willen, 2005. "New financial markets: who gains and who loses," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(1), pages 141-166, July.

Chapters

  1. Zachary K. Kimball & Paul S. Willen, 2012. "US mortgage and foreclosure law," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
  2. Christopher L. Foote & Paul S. Willen, 2011. "subprime mortgage crisis, the," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
  3. Christopher Foote & Kristopher Gerardi & Lorenz Goette & Paul Willen, 2010. "Reducing Foreclosures: No Easy Answers," NBER Chapters, in: NBER Macroeconomics Annual 2009, Volume 24, pages 89-138, National Bureau of Economic Research, Inc.

More information

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Statistics

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Rankings

This author is among the top 5% authors according to these criteria:
  1. Average Rank Score
  2. Number of Works
  3. Number of Distinct Works, Weighted by Simple Impact Factor
  4. Number of Distinct Works, Weighted by Recursive Impact Factor
  5. Number of Distinct Works, Weighted by Number of Authors and Simple Impact Factors
  6. Number of Distinct Works, Weighted by Number of Authors and Recursive Impact Factors
  7. Number of Citations
  8. Number of Citations, Discounted by Citation Age
  9. Number of Citations, Weighted by Simple Impact Factor
  10. Number of Citations, Weighted by Simple Impact Factor, Discounted by Citation Age
  11. Number of Citations, Weighted by Recursive Impact Factor
  12. Number of Citations, Weighted by Recursive Impact Factor, Discounted by Citation Age
  13. Number of Citations, Weighted by Number of Authors and Simple Impact Factors
  14. Number of Citations, Weighted by Number of Authors and Simple Impact Factors, Discounted by Citation Age
  15. Number of Citations, Weighted by Number of Authors and Recursive Impact Factors
  16. Number of Citations, Weighted by Number of Authors and Recursive Impact Factors, Discounted by Citation Age
  17. h-index
  18. Number of Registered Citing Authors
  19. Number of Registered Citing Authors, Weighted by Rank (Max. 1 per Author)
  20. Number of Journal Pages, Weighted by Simple Impact Factor
  21. Number of Journal Pages, Weighted by Recursive Impact Factor
  22. Number of Journal Pages, Weighted by Number of Authors and Recursive Impact Factors
  23. Breadth of citations across fields
  24. Wu-Index

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 62 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-URE: Urban & Real Estate Economics (47) 2006-09-16 2007-03-17 2008-01-05 2008-07-14 2008-07-14 2009-01-10 2009-03-22 2009-04-05 2009-04-05 2009-06-17 2009-07-03 2009-07-11 2009-07-28 2009-09-11 2009-10-31 2010-04-11 2010-04-17 2010-09-25 2010-09-25 2011-12-19 2012-01-03 2012-05-15 2012-05-29 2012-05-29 2012-06-13 2012-08-23 2012-09-16 2012-09-30 2013-01-07 2013-06-16 2013-08-16 2013-09-26 2014-05-17 2014-08-25 2015-04-19 2015-05-22 2015-11-07 2015-12-01 2016-12-04 2017-01-01 2017-01-29 2017-03-19 2017-08-27 2017-12-18 2018-08-27 2018-12-17 2019-11-11. Author is listed
  2. NEP-BAN: Banking (12) 2009-07-28 2010-04-11 2010-05-15 2013-01-07 2013-09-26 2015-04-19 2015-05-22 2017-01-29 2017-03-19 2017-08-27 2018-08-27 2018-12-17. Author is listed
  3. NEP-MAC: Macroeconomics (9) 2005-06-14 2006-04-29 2007-06-30 2013-09-26 2014-08-25 2017-01-01 2017-01-29 2017-03-19 2017-08-27. Author is listed
  4. NEP-CBA: Central Banking (6) 2006-04-29 2010-04-11 2010-05-15 2010-09-25 2010-09-25 2015-05-22. Author is listed
  5. NEP-FMK: Financial Markets (6) 2005-06-14 2006-04-29 2006-06-24 2006-09-16 2008-07-14 2009-03-22. Author is listed
  6. NEP-DGE: Dynamic General Equilibrium (4) 2002-11-10 2006-04-29 2006-06-24 2010-04-11
  7. NEP-RMG: Risk Management (4) 2010-04-11 2015-04-19 2015-05-22 2015-11-07
  8. NEP-HPE: History & Philosophy of Economics (3) 2010-09-25 2012-06-13 2014-05-17
  9. NEP-EDU: Education (2) 2004-11-22 2005-05-23
  10. NEP-LAB: Labour Economics (2) 2001-07-13 2005-05-23
  11. NEP-REG: Regulation (2) 2006-09-16 2007-03-17
  12. NEP-AGE: Economics of Ageing (1) 2007-06-30
  13. NEP-CFN: Corporate Finance (1) 2006-06-24
  14. NEP-CMP: Computational Economics (1) 2006-06-24
  15. NEP-CTA: Contract Theory & Applications (1) 2014-05-17
  16. NEP-GEO: Economic Geography (1) 2009-01-10
  17. NEP-IAS: Insurance Economics (1) 2007-06-30
  18. NEP-INT: International Trade (1) 2005-05-23
  19. NEP-LTV: Unemployment, Inequality & Poverty (1) 2005-05-23
  20. NEP-MON: Monetary Economics (1) 2010-09-25
  21. NEP-PAY: Payment Systems & Financial Technology (1) 2018-12-17
  22. NEP-PBE: Public Economics (1) 2007-03-17
  23. NEP-PUB: Public Finance (1) 2004-02-01
  24. NEP-SPO: Sports & Economics (1) 2013-08-16

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