Details about Kristopher Gerardi

Access statistics for papers by Kristopher Gerardi.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pge160

Working Papers

2024

1. Government Litigation Risk and the Decline in Low-Income Mortgage Lending
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
2. Mortgage Lock-in, Lifecycle Migration, and the Welfare Effects of Housing Market Liquidity
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

2023

3. A Critical Review of the Common Ownership Literature
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
4. Can Everyone Tap into the Housing Piggy Bank? Racial Disparities in Access to Home Equity
   Working Papers, Federal Reserve Bank of Philadelphia
   Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2022)

2022

5. Lessons Learned from Mortgage Borrower Policies and Outcomes during the COVID-19 Pandemic
   Current Policy Perspectives, Federal Reserve Bank of Boston View citations (2)
   See also Journal Article Lessons Learned from Mortgage Borrower Policies and Outcomes during the COVID-19 Pandemic, Policy Hub, Federal Reserve Bank of Atlanta (2022) View citations (2) (2022)
6. The Good, the Bad, and the Ordinary: Estimating Agent Value-Added Using Real Estate Transactions
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

2021

7. Racial Differences in Mortgage Refinancing, Distress, and Housing Wealth Accumulation during COVID-19
   Consumer Finance Institute discussion papers, Federal Reserve Bank of Philadelphia View citations (1)
   Also in Current Policy Perspectives, Federal Reserve Bank of Boston (2021) View citations (1)
   See also Journal Article Racial Differences in Mortgage Refinancing, Distress, and Housing Wealth Accumulation during COVID-19, Policy Hub, Federal Reserve Bank of Atlanta (2021) (2021)

2020

8. Did Subprime Borrowers Drive the Housing Boom?
   Liberty Street Economics, Federal Reserve Bank of New York
9. Evaluating the Benefits of a Streamlined Refinance Program
   Current Policy Perspectives, Federal Reserve Bank of Boston View citations (1)
   Also in Working Papers, Federal Reserve Bank of Cleveland (2020)
   See also Journal Article Evaluating the Benefits of a Streamlined Refinance Program, Policy Hub, Federal Reserve Bank of Atlanta (2020) (2020)
10. Mortgage Prepayment, Race, and Monetary Policy
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (2)
    Also in Working Papers, Federal Reserve Bank of Boston (2020) View citations (2)
11. Villains or Scapegoats? The Role of Subprime Borrowers in Driving the U.S. Housing Boom
    Working Papers, Federal Reserve Bank of Dallas View citations (2)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2018) View citations (1)

2019

12. Common Ownership Does Not Have Anti-Competitive Effects in the Airline Industry
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)
13. Foreclosure Externalities and Vacant Property Registration Ordinances
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

2018

14. Are Lemons Sold First? Dynamic Signaling in the Mortgage Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2016) View citations (3)

2017

15. Fracking and Mortgage Default
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (7)

2015

16. Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2013) View citations (62)
    Working Papers, Federal Reserve Bank of Boston (2015) View citations (16)
17. The Failure of supervisory stress testing: Fannie Mae, Freddie Mac, and OFHEO
    Working Papers, Federal Reserve Bank of Boston View citations (15)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2015) View citations (7)

2014

18. The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (9)
    See also Journal Article The effect of large investors on asset quality: Evidence from subprime mortgage securities, Journal of Monetary Economics, Elsevier (2017) View citations (10) (2017)

2012

19. Foreclosure externalities: Some new evidence
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (31)
    Public Policy Discussion Paper, Federal Reserve Bank of Boston (2012) View citations (26)
20. Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (153)
    Also in Public Policy Discussion Paper, Federal Reserve Bank of Boston (2012) View citations (70)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2012) View citations (142)

2011

21. Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2011) View citations (4)
    Public Policy Discussion Paper, Federal Reserve Bank of Boston (2011) View citations (3)
    See also Journal Article Do borrower rights improve borrower outcomes? Evidence from the foreclosure process, Journal of Urban Economics, Elsevier (2013) View citations (50) (2013)
22. Price discrimination and business-cycle risk
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)

2010

23. Consumer Heterogeneity and Markups over the Business Cycle: Evidence from the Airline Industry
    BEA Working Papers, Bureau of Economic Analysis
24. Financial literacy and subprime mortgage delinquency: evidence from a survey matched to administrative data
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (54)
25. Reasonable people did disagree: optimism and pessimism about the U.S. housing market before the crash
    Public Policy Discussion Paper, Federal Reserve Bank of Boston View citations (11)
26. The effect of social entitlement programs on private transfers: new evidence of crowding out
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (16)
    See also Journal Article The Effect of Social Entitlement Programmes on Private Transfers: New Evidence of Crowding Out, Economica, London School of Economics and Political Science (2014) View citations (25) (2014)
27. What explains differences in foreclosure rates? a response to Piskorski, Seru, and Vig
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (5)
    Also in Working Papers, Federal Reserve Bank of Boston (2010) View citations (5)

2009

28. Decomposing the foreclosure crisis: House price depreciation versus bad underwriting
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (11)
29. Making sense of the subprime crisis
    Public Policy Discussion Paper, Federal Reserve Bank of Boston View citations (39)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2009) View citations (11)
    See also Journal Article Making Sense of the Subprime Crisis, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2008) View citations (158) (2008)
30. Reducing Foreclosures: No Easy Answers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (52)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2009) View citations (31)
    See also Chapter Reducing Foreclosures: No Easy Answers, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (38) (2010)
31. Reducing foreclosures
    Public Policy Discussion Paper, Federal Reserve Bank of Boston View citations (16)
32. Subprime mortgages, foreclosures, and urban neighborhoods
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (32)
    Also in Public Policy Discussion Paper, Federal Reserve Bank of Boston (2008) View citations (4)
    See also Journal Article Subprime Mortgages, Foreclosures, and Urban Neighborhoods, The B.E. Journal of Economic Analysis & Policy, De Gruyter (2009) View citations (35) (2009)
33. Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
    Also in Public Policy Discussion Paper, Federal Reserve Bank of Boston (2009) View citations (38)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2009) View citations (20)
    See also Journal Article Why don't Lenders renegotiate more home mortgages? Redefaults, self-cures and securitization, Journal of Monetary Economics, Elsevier (2013) View citations (83) (2013)

2008

34. Foreclosures, house-price changes, and subprime mortgages in Massachusetts cities and towns
    Interactive Maps and Charts, Federal Reserve Bank of Boston
35. Negative equity and foreclosure: theory and evidence
    Public Policy Discussion Paper, Federal Reserve Bank of Boston View citations (281)
    See also Journal Article Negative equity and foreclosure: Theory and evidence, Journal of Urban Economics, Elsevier (2008) View citations (319) (2008)
36. Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures
    2008 Meeting Papers, Society for Economic Dynamics View citations (64)
    Also in Working Papers, Federal Reserve Bank of Boston (2007) View citations (121)
37. Subprime facts: what (we think) we know about the subprime crisis and what we don’t
    Public Policy Discussion Paper, Federal Reserve Bank of Boston View citations (26)
38. Summary of \"subprime outcomes: risky mortgages, homeownership experiences, and foreclosures\"
    Proceedings, Federal Reserve Bank of Chicago View citations (7)

2007

39. A summary of: \"Do households benefit from financial deregulation and innovation? the case of mortgage market\"
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
40. Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    Also in Public Policy Discussion Paper, Federal Reserve Bank of Boston (2006) View citations (11)
41. The effects of competition on price dispersion in the airline industry: a panel analysis
    Working Papers, Federal Reserve Bank of Boston View citations (11)

Journal Articles

2022

1. Lessons Learned from Mortgage Borrower Policies and Outcomes during the COVID-19 Pandemic
   Policy Hub, 2022, 2022, (9) View citations (2)
   See also Working Paper Lessons Learned from Mortgage Borrower Policies and Outcomes during the COVID-19 Pandemic, Current Policy Perspectives (2022) View citations (2) (2022)

2021

2. Racial Differences in Mortgage Refinancing, Distress, and Housing Wealth Accumulation during COVID-19
   Policy Hub, 2021, 2021, (6), 40
   See also Working Paper Racial Differences in Mortgage Refinancing, Distress, and Housing Wealth Accumulation during COVID-19, Consumer Finance Institute discussion papers (2021) View citations (1) (2021)

2020

3. Evaluating the Benefits of a Streamlined Refinance Program
   Policy Hub, 2020, 2020, (8), 22
   See also Working Paper Evaluating the Benefits of a Streamlined Refinance Program, Current Policy Perspectives (2020) View citations (1) (2020)

2017

4. The effect of large investors on asset quality: Evidence from subprime mortgage securities
   Journal of Monetary Economics, 2017, 87, (C), 34-51 View citations (10)
   See also Working Paper The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities, FRB Atlanta Working Paper (2014) View citations (9) (2014)

2015

5. Foreclosure externalities: New evidence
   Journal of Urban Economics, 2015, 87, (C), 42-56 View citations (96)

2014

6. Identifying the Effect of Securitization on Foreclosure and Modification Rates Using Early Payment Defaults
   The Journal of Real Estate Finance and Economics, 2014, 49, (3), 352-378 View citations (7)
7. The Effect of Social Entitlement Programmes on Private Transfers: New Evidence of Crowding Out
   Economica, 2014, 81, (324), 721-746 View citations (25)
   See also Working Paper The effect of social entitlement programs on private transfers: new evidence of crowding out, FRB Atlanta Working Paper (2010) View citations (16) (2010)

2013

8. Do borrower rights improve borrower outcomes? Evidence from the foreclosure process
   Journal of Urban Economics, 2013, 73, (1), 1-17 View citations (50)
   See also Working Paper Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process, NBER Working Papers (2011) View citations (5) (2011)
9. Why don't Lenders renegotiate more home mortgages? Redefaults, self-cures and securitization
   Journal of Monetary Economics, 2013, 60, (7), 835-853 View citations (83)
   See also Working Paper Why Don't Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization, NBER Working Papers (2009) View citations (60) (2009)

2012

10. Price Dispersion Over the Business Cycle: Evidence from the Airline Industry
    Journal of Industrial Economics, 2012, 60, (3), 347-373 View citations (23)

2010

11. Mortgage foreclosure prevention efforts
    Economic Review, 2010, 95, (2) View citations (11)
12. The Impact of Deregulation and Financial Innovation on Consumers: The Case of the Mortgage Market
    Journal of Finance, 2010, 65, (1), 333-360 View citations (67)

2009

13. Does Competition Reduce Price Dispersion? New Evidence from the Airline Industry
    Journal of Political Economy, 2009, 117, (1), 1-37 View citations (227)
14. Subprime Mortgages, Foreclosures, and Urban Neighborhoods
    The B.E. Journal of Economic Analysis & Policy, 2009, 9, (3), 37 View citations (35)
    See also Working Paper Subprime mortgages, foreclosures, and urban neighborhoods, FRB Atlanta Working Paper (2009) View citations (32) (2009)

2008

15. Just the facts: An initial analysis of subprime's role in the housing crisis
    Journal of Housing Economics, 2008, 17, (4), 291-305 View citations (41)
16. Making Sense of the Subprime Crisis
    Brookings Papers on Economic Activity, 2008, 39, (2 (Fall)), 69-159 View citations (158)
    See also Working Paper Making sense of the subprime crisis, Public Policy Discussion Paper (2009) View citations (39) (2009)
17. Negative equity and foreclosure: Theory and evidence
    Journal of Urban Economics, 2008, 64, (2), 234-245 View citations (319)
    See also Working Paper Negative equity and foreclosure: theory and evidence, Public Policy Discussion Paper (2008) View citations (281) (2008)

Chapters

2010

1. Reducing Foreclosures: No Easy Answers
   A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 89-138 View citations (38)
   See also Working Paper Reducing Foreclosures: No Easy Answers, National Bureau of Economic Research, Inc (2009) View citations (52) (2009)
2. foreclosure, economics of
   Palgrave Macmillan View citations (2)