Showing results 1 - 10 of 21
August 2020, Paper: "We study mortgage design features aimed at stabilizing the macroeconomy. We model overlapping generations of mortgage borrowers and an infinitely lived risk-…
January 2020, Paper: "We show that reaching for yield a tendency to take more risk when the real interest rate declines while the risk premium remains constant results from…
September 2019. GrowthPolicy’s interviewed John Y. Campbell, Morton L.…
Sources of Inaction in Household Finance: Evidence from the Danish Mortgage Market. John Y. Campbell, March 2018, Paper, "A common problem in household finance is that households…
Do the Rich Get Richer in the Stock Market? Evidence from India. John Y. Campbell, March 2018, Paper, "We use data on Indian stock portfolios to show that return heterogeneity is…
Restoring Rational Choice: The Challenge of Consumer Financial Regulation. John Y. Campbell, February 2016, Paper. "This lecture considers the case for consumer financial…
A Model of Mortgage Default. John Y. Campbell, July 23, 2015, Paper. "In this paper, we solve a dynamic model of households' mortgage decisions incorporating labor income, house…
Emerging Trends: Asset Pricing. John Y. Campbell, May 15, 2015, Paper. "The modern field of asset pricing is organized around the concept of the stochastic discount factor.…
The Impact of Regulation on Mortgage Risk: Evidence from India. John Y. Campbell, September 2014, Paper. "We employ loan-level data on over a million loans disbursed in India…
Inattention and Inertia in Household Finance: Evidence from the Danish Mortgage Market. John Y. Campbell, July 2014, Paper. "This paper studies the refinancing behavior of Danish…