The Covid-19 shock and consumer credit: Evidence from credit card data

A Horvath, B Kay, C Wix - Journal of Banking & Finance, 2023‏ - Elsevier
We study the dynamic effect of the COVID-19 shock on credit card use in 2020. Local case
incidence had a strong negative effect on credit card spending in the early months of the …

Expectations uncertainty and household economic behavior

I Ben-David, E Fermand, CM Kuhnen, G Li - 2018‏ - nber.org
We show that there exists significant heterogeneity across US households in how uncertain
they are in their expectations regarding personal and macroeconomic outcomes, and that …

Lending cycles and real outcomes: Costs of political misalignment

Ç Bircan, O Saka - The Economic Journal, 2021‏ - academic.oup.com
We document a strong political cycle in bank credit and industry outcomes in Turkey. In line
with theories of tactical redistribution, state-owned banks systematically adjust their lending …

Did technology contribute to the housing boom? Evidence from MERS

S Lewellen, E Williams - Journal of Financial Economics, 2021‏ - Elsevier
We examine the effects of the Mortgage Electronic Registration System, or MERS, on
mortgage origination volumes and foreclosure rates prior to the Great Recession. MERS …

Measuring “state-level” economic policy uncertainty

R Elkamhi, C Jo, M Salerno - Journal of Financial and Quantitative …, 2024‏ - cambridge.org
We develop 50 indices of state-level economic policy uncertainty (SEPU) based on
newspaper coverage frequency using 204 million newspaper articles from Mar. 1984 to Dec …

Pushing boundaries: Political redistricting and consumer credit

P Akey, C Dobridge, R Heimer… - Available at SSRN …, 2018‏ - papers.ssrn.com
Consumers lose access to credit when their congressional district boundaries are irregularly
redrawn to benefit a political party (ie, are gerrymandered). We identify this effect by …

Household financial decision making

S Agarwal, N Mannil - Handbook of Financial Decision Making, 2023‏ - elgaronline.com
Households play an important role in the economy. Households are the most important
decision-making agents that drive consumption and savings in the economy. The savings …

Real effects of markets on politics: Evidence from US presidential elections

AD Crane, A Koch, L Lin - American Economic Review: Insights, 2024‏ - aeaweb.org
Despite the economic importance of the US stock market, there is strikingly little evidence of
its impact on elections. Using county-level variation in stock market participation, we …

The local effects of foreclosures

C Makridis, M Ohlrogge - Available at SSRN 2985827, 2018‏ - papers.ssrn.com
We exploit the staggered and discontinuous changes in interest rates among adjustable rate
mortgages to identify the effects of foreclosures independently of housing prices. First …

[PDF][PDF] Expectations uncertainty and household economic behavior

E Fermand, CM Kuhnen, G Li, I Ben-David - NBER Working Paper, 2018‏ - cbs.dk
We show that there exists significant heterogeneity across US households in how uncertain
they are in their expectations regarding personal and macroeconomic outcomes, and that …