BOOK
House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again
Atif Mian and Amir Sufi, The University of Chicago Press, 2014.
CURRENT WORKING PAPERS
Dynamics of the Long Term Housing Yield: Evidence from Natural Experiments (with Veronica Backer-Peral and Jonathon Hazell)
[Real-Time Updates and Replication Kit]
Estimating General Equilibrium Multipliers: With Applications to Credit Markets (with Andres Sarto and Amir Sufi)
Falling Rates and Rising Superstars (with Thomas Kroen, Ernest Liu and Amir Sufi)
A Goldilocks Theory of Fiscal Deficits (with Ludwig Straub and Amir Sufi)
The Saving Glut of the Rich (with Ludwig Straub and Amir Sufi)
[Replication Kit]
The Early County Business Pattern Files: 1946-1974 (with Fabian Eckert, Ka-leung Lam, Karsten Müller, Rafael Schwalb and Amir Sufi)
PUBLICATIONS
Consumption Smoothing or Consumption Binging? The effects of government-led consumer credit expansion in Brazil (with Gabriel Garber, Jacopo Ponticelli and Amir Sufi)
Journal of Financial Economics, forthcoming
Credit Supply and Housing Speculation (with Amir Sufi)
Review of Financial Studies, Volume 35, Issue 2, February 2022, Pages 680–719.
Low Interest Rates, Market Power, and Productivity Growth (with Ernest Liu and Amir Sufi)
Econometrica, January 2022.
What explains the decline in r*? Rising income inequality versus demographic shifts (with Ludwig Straub and Amir Sufi)
Jackson Hole Economic Symposium proceedings, 2021.
Government Economic Policy, Sentiments, and Consumption (with Amir Sufi and Nasim Khoshkhou)
Review of Economics and Statistics, May 2021.
Indebted Demand (with Ludwig Straub and Amir Sufi)
Quarterly Journal of Economics, November 2021.
How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels (with Amir Sufi and Emil Verner)
Journal of Finance, April 2020.
The Real Effects Of The Bank Lending Channel (with Gabriel Jimenez, Jose-Luis Peydro, and Jesus Saurina)
Journal of Monetary Economics, November 2020.
Finance and Business Cycles: The Credit-Driven Household Demand Channel (with Amir Sufi)
[2018 Nobel Symposium Presentation: Video, Slides and Remarks]
Journal of Economic Perspectives, Volume 32, Number 3—Summer 2018—Pages 1–30.
Household Debt and Business Cycles World Wide (with Amir Sufi and Emil Verner)
[Online Appendix] [Replication Data and Code] [June 2018 out-of-sample test, data and code]
Quarterly Journal of Economics, Volume 132, Issue 4, 1 November 2017.
Household Debt and Defaults From 2000 to 2010: The Credit Supply View (with Amir Sufi)
In L. Fennell & B. Keys (Eds.), Evidence and Innovation in Housing Law and Policy (pp. 257-288). Cambridge: Cambridge University Press, September 2017.
Who Bears The Cost Of Recessions? The Role Of House Prices And Household Data, (with Amir Sufi)
Handbook of Macroeconomics, Vol2, 2016.
Comment On “Macro-financial History and the New Business Cycle Facts
NBER Macroeconomics Annual, 2016.
“The Macroeconomic Advantages of Softening Debt Contracts” (with Amir Sufi)
Harvard Law & Policy Review, Spring 2017, Vol 11, Number 1, 11-30.
Fraudulent Income Overstatement on Mortgage Applications During the Credit Expansion of 2002 to 2005 (with Amir Sufi)
Review of Financial Studies, Volume 30, Issue 6, 1 June 2017.
Liquidity Risk, Maturity Management and the Business Cycle (with Joao Santos)
Journal of Financial Economics, Volume 127, Issue 2, February 2018.
Foreclosures, House Prices, and the Real Economy (with Amir Sufi and Francesco Trebbi)
Journal of Finance, December, 2015 (70:6).
What Explains the 2007-2009 Drop in Employment? (with Amir Sufi)
[Data and Code]
Econometrica, Vol. 82, No. 6, November, 2014, 2197-2223.
[a previous version of this paper was circulated under the title, "What Explains High Unemployment? The Aggregate Demand Channel", NBER working paper # 17830]
House Price Gains and U.S. Household Spending from 2002 to 2006 (with Amir Sufi)
NBER working paper # 20152, May 2014.
The case for credit registry
Risk Topography: Systemic Risk and Macro Modeling - Chapter 11, edited by Markus Brunnermeier and Arvind Krishnamurthy, University of Chicago Press, 2014.
Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises (with Amir Sufi and Francesco Trebbi)
American Economic Journal: Macroeconomics, Vol. 6 No. 2 (April 2014).
The Political Economy of the Subprime Mortgage Credit Expansion (with Amir Sufi and Francesco Trebbi)
Quarterly Journal of Political Science, 2013, 8: 373-408.
Aggregate Demand and State-Level Employment (with Amir Sufi)
FRBSF Economic Letter, February 11, 2013.
Household Balance Sheets, Consumption, and the Economic Slump (with Kamalesh Rao and Amir Sufi)
Quarterly Journal of Economics, (2013) 128 (4): 1687-1726.
The Effects of Fiscal Stimulus: Evidence from the 2009 `Cash for Clunkers' Program (with Amir Sufi)
Quarterly Journal of Economics, Vol. 127, Issue 3, August 2012.
Rent Seeking And Corruption In Financial Markets (with Asim Ijaz Khwaja)
Annual Review Of Economics, Vol 3, 2011.
House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis (with Amir Sufi)
American Economic Review, Vol 101, Number 5, August, 2011.
Bank Credit And Business Networks (with Asim Ijaz Khwaja and Abid Qamar)
HKS Working Paper # RWP11-017, February 2011.
Consumers and the Economy, Part II: Household Debt and the Weak U.S. Recovery (with Amir Sufi)
FRBSF Economic Letter, January 18, 2011.
The Political Economy of the U.S. Mortgage Default Crisis (with Amir Sufi and Francesco Trebbi)
[Online Appendix]
American Economic Review, Vol 100, Number 5, December 2010.
Dollars Dollars Everywhere, Not a Dime to Lend: Credit Limit Constraints on Financial Sector Absorptive Capacity (with Asim Ijaz Khwaja and Bilal Zia)
Review of Financial Studies, September, 2010.
Household Leverage And The Recession Of 2007 To 2009 (with Amir Sufi)
IMF Economic Review, May 2010 (inaugural issue).
The Great Recession: Lessons from Microeconomic Data
American Economic Review, Papers and Proceedings, May 2010.
Collateral Spread and Financial Development (with Jose Liberti)
Journal of Finance, Vol. 65, Issue 1, February 2010.
2010 Brattle Prize for Distinguished Paper in the Journal of Finance.
Comment On: "Reducing Foreclosures" by Christopher Foote, Kristopher Gerardi, Lorenz Goette and Paul Willen
NBER Macro Annual 2009.
The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis (with Amir Sufi)
[Online Appendix]
Quarterly Journal of Economics, Vol. 124, Issue 4, November 2009.
2009 Chookaszian Endowed Risk Management Prize
Estimating the Effect of Hierarchies on Information Use (with Jose Liberti)
Review of Financial Studies, Vol. 22, Number 10, October 2009.
Tracing The Impact of Bank Liquidity Shocks (with Asim Ijaz Khwaja)
American Economic Review, Vol. 98, Number 4, September 2008.
Incentives in Markets, Firms, and Governments (with Daron Acemoglu and Michael Kremer)
Journal of Law, Economics, and Organization, Vol. 24, No. 2, Fall 2008.
The Big March: Migratory Flows After The Partition of India (with Prashant Bharadwaj and Asim Ijaz Khwaja)
Economic & Political Weekly, August 30, 2008.
The Partition of India: Demographic Consequences (with Prashant Bharadwaj and Asim Ijaz Khwaja)
International Migration.
Distance Constraints: The Limits of Foreign Lending in Poor Economies
Journal of Finance, Volume 61, Number 3, June 2006, pp 1465-1505(41).
Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market (with Asim Ijaz Khwaja)
Quarterly Journal of Economics, Vol. 120, Issue 4, November 2005.
Unchecked Intermediaries: Price Manipulation in an Emerging Stock Market (with Asim Ijaz Khwaja)
[Stata Program - Do File][Sample Data]
Journal of Financial Economics, Vol. 78, Issue1, October 2005.