Accepted Papers

Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program

25 June 2022

Sumit Agarwal, Gene Amromin, Souphala Chomsisengphet, Tim Landvoigt, Tomasz Piskorski, Amit Seru and Vincent Yao

We examine the ability of the government to impact mortgage refinancing activity and spur consumption by focusing on the Home Affordable Refinance Program (HARP).

A Risk-based Theory of Exchange Rate Stabilization

25 June 2022

Tarek A. Hassan, Thomas M. Mertens and Tony Zhang

We develop a novel, risk-based theory of the effects of exchange rate stabilization. In our model, the choice of exchange rate regime allows policymakers to make their currency, and by extension, the firms in their country, a safer investment for international investors.

Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right

25 June 2022

Ernesto Dal Bo, Frederico Finan, Olle Folke, Torsten Persson and Johanna Rickne

We study the politicians and voters of the Sweden Democrats, a major populist radical-right party. Based on detailed administrative data, we present the first comprehensive account of which politicians are selected into such a party.

Estimating the Costs of Standardization: Evidence from the Movie Industry

25 June 2022

El Hadi Caoui

This paper studies the decentralized adoption of a technology standard when network effects are present.

Tax Advantages and Imperfect Competition in Auctions for Municipal Bonds

12 June 2022

Daniel Garrett, Andrey Ordin, James W. Roberts and Juan Carlos Suárez Serrato

We study the interaction between tax advantages for municipal bonds and the market structure of auctions for these bonds.

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New paper by Ashraf, Bakhtin, Field, Voena, & Ziparo:

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New paper by Christensen, Moon and Schorfheide:

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New paper by Mahajan, Michel and Tarozzi:

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New paper by Jakobsen:

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Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program

A Risk-based Theory of Exchange Rate Stabilization

Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right

Estimating the Costs of Standardization: Evidence from the Movie Industry

Tax Advantages and Imperfect Competition in Auctions for Municipal Bonds

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