Popular Writing
- Student borrowers assume too much risk (with Atif Mian), The Washington Post, 05/29/2014
- Why Tim Geithner is wrong on homeowner debt relief (with Atif Mian), The Washington Post, Wonkblog, 05/14/2014
- Why the Housing Bubble Tanked the Economy And the Tech Bubble Didn't (with Atif Mian), Five Thirty Eight, 05/12/2014
- Will Housing Save the U.S. Economy? Prepared for Chicago Booth Economic Outlook, 04/23/2013 (where I predicted that housing rebound would weaken substantially)
- Comments at FRB of Kansas City Jackson Hole Monetary Policy Symposium, 09/01/2012
- Seizures May be Cities' Last Hope in Mortgage Crisis, Bloomberg View, 07/18/2012
- Lessons from the Great Recession: Household Debt in Macroeconomic Models, Essay for Academic Consultants' meeting of the Federal Reserve Board of Governors, 05/2012
- How Debt-Ridden Housing Holds Back U.S. Recovery (with Atif Mian), Bloomberg View, 02/29/2012
- How Household Debt Contributes to Unemployment(with Atif Mian), Bloomberg View, 11/16/2011
- Household debt and macroeconomic fluctuations (with Atif Mian), VoxEU, 04/29/2010
- Housing bubble fueled consumer spending (with Atif Mian), The Wall Street Journal (Real Time Economics), 06/25/2009
- Graphs that I tweet out from time to time:
- More evidence that recent housing recovery is "different", 6/27/2013
- So far, housing recovery not having knock-on effects as in 02-06, 6/24/2013
- Links related to 100% reserve banking, or the "Chicago Plan" of the 1930s (both great reads!):
A Program for Monetary Reform from 1939
The 'Chicago Plan' and New Deal Banking Reform, by Ronnie Phillips - Geography of spending recovery: California versus Texas, 01/24/2013
- Why is the FHA in trouble?, Part 2, 11/16/2012
- Why is the FHA in trouble?, 11/15/2012
- On the power of banks resisting higher capital requirements, lessons from 1933, 11/12/2012
- The Geography of the Housing Recovery, 10/25/2012
- The young cut back on spending much more during the Great Recession, 10/24/2012
- Frictions in the transmission of monetary policy, 10/22/2012
- Eerie similarity between subprime mortgage expansion of the 2000s and installment credit expansion in 1920s -- we know how both ended ..., 10/17/2012
- Who suffered most during the Great Recession? Net wealth shock for poor, median, and rich households, 10/16/2012
Out of Many, One? Household Debt, Redistribution, and Monetary Policy During the Economic Slump, Andrew Crockett Memorial Lecture, June 2015
Bernanke's Failed Mortgage Application Exposes the Flaw in Banking, The Financial Times, 10/13/2014
House of Debt blog (posts primarily from March to June 2014)
A Financial System that Works for All Americans, Senate Testimony for U.S. Senate Committee on Banking, Housing and Urban Affairs, Subcommittee on Economic Policy, 09/17/2014