Details about Atif Mian

Access statistics for papers by Atif Mian.

Last updated 2023-08-04. Update your information in the RePEc Author Service.

Short-id: pmi415

Working Papers

2024

1. Dynamics of the Long Term Housing Yield: Evidence from Natural Experiments
   Discussion Papers, Centre for Macroeconomics (CFM) View citations (2)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023)

2022

2. A Goldilocks Theory of Fiscal Deficits
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
3. The Early County Business Pattern Files: 1946-1974
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
4. The Economics of Low Interest Rates
   RBA Annual Conference Papers, Reserve Bank of Australia

2021

5. A Goldilocks Theory of Fiscal Policy
   Working Papers, Princeton University. Economics Department. View citations (6)
6. Consumption Smoothing or Consumption Binging? The effects of government-led consumer credit expansion in Brazil
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
7. Falling Rates and Rising Superstars
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   Also in Working Papers, Princeton University. Economics Department. (2021) View citations (4)
8. Indebted Demand
   Working Papers, Princeton University. Economics Department. View citations (2)
   Also in CESifo Working Paper Series, CESifo (2020)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020)
   BIS Working Papers, Bank for International Settlements (2021) View citations (1)
   See also Journal Article Indebted Demand*, The Quarterly Journal of Economics, President and Fellows of Harvard College (2021) View citations (1) (2021)
9. The Saving Glut of the Rich
   Working Papers, Princeton University. Economics Department. View citations (6)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (29)
10. What explains the decline in r ∗ ? Rising income inequality versus demographic shifts
    Working Papers, Princeton University. Economics Department. View citations (9)

2020

11. Government Banks, Household Debt, and Economic Downturns: The Case of Brazil
    BIS Working Papers, Bank for International Settlements View citations (1)
    Also in Working Papers Series, Central Bank of Brazil, Research Department (2020) View citations (1)
12. Low Interest Rates, Market Power, and Productivity Growth
    Working Papers, Princeton University. Economics Department. View citations (2)
    Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (42)
    NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (44)
    See also Journal Article Low Interest Rates, Market Power, and Productivity Growth, Econometrica, Econometric Society (2022) View citations (20) (2022)
13. The Saving Glut of the Rich and the Rise in Household Debt
    CESifo Working Paper Series, CESifo View citations (28)

2019

14. Credit Supply and Housing Speculation
    Working Papers, Princeton University. Economics Department. View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (16)
    See also Journal Article Credit Supply and Housing Speculation, The Review of Financial Studies, Society for Financial Studies (2022) View citations (18) (2022)
15. The Real Effects of the Bank Lending Channel
    Working Papers, Barcelona School of Economics View citations (41)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2019) View citations (43)
    See also Journal Article The Real Effects of the Bank Lending Channel, EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics (2020) View citations (71) (2020)

2018

16. Finance and Business Cycles: The Credit-Driven Household Demand Channel
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (130)
    See also Journal Article Finance and Business Cycles: The Credit-Driven Household Demand Channel, Journal of Economic Perspectives, American Economic Association (2018) View citations (128) (2018)
17. Household Debt and Recession in Brazil
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
18. Partisan Bias, Economic Expectations, and Household Spending
    Working Papers, Princeton University. Economics Department. View citations (2)
    See also Journal Article Partisan Bias, Economic Expectations, and Household Spending, The Review of Economics and Statistics, MIT Press (2023) View citations (2) (2023)

2017

19. Household Debt and Business Cycles Worldwide
    2017 Meeting Papers, Society for Economic Dynamics View citations (394)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (46)
    See also Journal Article Household Debt and Business Cycles Worldwide, The Quarterly Journal of Economics, President and Fellows of Harvard College (2017) View citations (394) (2017)
20. How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)

2016

21. Who Bears the Cost of Recessions? The Role of House Prices and Household Debt
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    See also Chapter Who Bears the Cost of Recessions? The Role of House Prices and Household Debt, Handbook of Macroeconomics, Elsevier (2016) View citations (34) (2016)

2015

22. Fraudulent Income Overstatement on Mortgage Applications during the Credit Expansion of 2002 to 2005
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article Fraudulent Income Overstatement on Mortgage Applications During the Credit Expansion of 2002 to 2005, The Review of Financial Studies, Society for Financial Studies (2017) View citations (28) (2017)
23. Government Economic Policy, Sentiments, and Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
24. Household Debt and Defaults from 2000 to 2010: Facts from Credit Bureau Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)

2014

25. House Price Gains and U.S. Household Spending from 2002 to 2006
    Working Papers, Princeton University. Economics Department. View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (30)

2013

26. Monetary Policy and Macro-Prudential Regulation: The Risk-Sharing Paradigm
    Working Papers Central Bank of Chile, Central Bank of Chile
    See also Chapter Monetary Policy And Macro-Prudential Regulation: The Risk-Sharing Paradigm, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2014) (2014)
    Journal Article Monetary policy and macro-prudential regulation: the risk-sharing paradigm, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2013) (2013)

2012

27. Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises, American Economic Journal: Macroeconomics, American Economic Association (2014) View citations (132) (2014)
28. What explains high unemployment? The aggregate demand channel
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (121)

2011

29. Bank Credit And Business Networks
    Working Papers, Princeton University. Economics Department. View citations (2)
    Also in Scholarly Articles, Harvard Kennedy School of Government (2011) View citations (16)
    Working Paper Series, Harvard University, John F. Kennedy School of Government (2011) View citations (16)
30. Foreclosures, House Prices, and the Real Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
    Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2011) View citations (40)
    See also Journal Article Foreclosures, House Prices, and the Real Economy, Journal of Finance, American Finance Association (2015) View citations (139) (2015)
31. Local versus aggregate lending channels: the effects of securitization on corporate credit supply
    Working Papers, Banco de España View citations (20)
32. Local versus aggregate lending channels: the effects of securitization on corporate credit supply in Spain
    Proceedings, Federal Reserve Bank of Chicago View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (8)

2010

33. Household Leverage and the Recession of 2007 to 2009
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (103)
    See also Journal Article Household Leverage and the Recession of 2007 to 2009, SBP Research Bulletin, State Bank of Pakistan, Research Department (2011) View citations (10) (2011)
34. The Effects of Fiscal Stimulus: Evidence from the 2009 'Cash for Clunkers' Program
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article The Effects of Fiscal Stimulus: Evidence from the 2009 Cash for Clunkers Program, The Quarterly Journal of Economics, President and Fellows of Harvard College (2012) View citations (164) (2012)
35. The Political Economy of the Subprime Mortgage Credit Expansion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    See also Journal Article The Political Economy of the Subprime Mortgage Credit Expansion, Quarterly Journal of Political Science, now publishers (2013) View citations (31) (2013)

2009

36. House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)
    See also Journal Article House Prices, Home Equity-Based Borrowing, and the US Household Leverage Crisis, American Economic Review, American Economic Association (2011) View citations (761) (2011)

2008

37. Summary of \"the consequences of mortgage credit expansion\"
    Proceedings, Federal Reserve Bank of Chicago View citations (34)
38. The Big March: Migratory Flows after the Partition of India
    Working Paper Series, Harvard University, John F. Kennedy School of Government View citations (25)
39. The Consequences of Mortgage Credit Expansion: Evidence from the 2007 Mortgage Default Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (124)
40. The Political Economy of the U.S. Mortgage Default Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article The Political Economy of the US Mortgage Default Crisis, American Economic Review, American Economic Association (2010) View citations (156) (2010)

2006

41. Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market, American Economic Review, American Economic Association (2008) View citations (1308) (2008)

2003

42. Incentives in Markets, Firms and Governments
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    See also Journal Article Incentives in Markets, Firms, and Governments, The Journal of Law, Economics, and Organization, Oxford University Press (2008) View citations (30) (2008)

Journal Articles

2023

1. Partisan Bias, Economic Expectations, and Household Spending
   The Review of Economics and Statistics, 2023, 105, (3), 493-510 View citations (2)
   See also Working Paper Partisan Bias, Economic Expectations, and Household Spending, Working Papers (2018) View citations (2) (2018)

2022

2. Credit Supply and Housing Speculation
   The Review of Financial Studies, 2022, 35, (2), 680-719 View citations (18)
   See also Working Paper Credit Supply and Housing Speculation, Working Papers (2019) View citations (2) (2019)
3. Low Interest Rates, Market Power, and Productivity Growth
   Econometrica, 2022, 90, (1), 193-221 View citations (20)
   See also Working Paper Low Interest Rates, Market Power, and Productivity Growth, Working Papers (2020) View citations (2) (2020)

2021

4. Indebted Demand*
   The Quarterly Journal of Economics, 2021, 136, (4), 2243-2307 View citations (1)
   See also Working Paper Indebted Demand, Working Papers (2021) View citations (2) (2021)

2020

5. How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels
   Journal of Finance, 2020, 75, (2), 949-994 View citations (43)
6. The Real Effects of the Bank Lending Channel
   EconStor Open Access Articles and Book Chapters, 2020, 115, 162-179 View citations (71)
   Also in Journal of Monetary Economics, 2020, 115, (C), 162-179 (2020) View citations (42)
   See also Working Paper The Real Effects of the Bank Lending Channel, Working Papers (2019) View citations (41) (2019)

2018

7. Finance and Business Cycles: The Credit-Driven Household Demand Channel
   Journal of Economic Perspectives, 2018, 32, (3), 31-58 View citations (128)
   See also Working Paper Finance and Business Cycles: The Credit-Driven Household Demand Channel, NBER Working Papers (2018) View citations (130) (2018)
8. Liquidity risk and maturity management over the credit cycle
   Journal of Financial Economics, 2018, 127, (2), 264-284 View citations (40)

2017

9. Comment
   NBER Macroeconomics Annual, 2017, 31, (1), 274 - 278
10. Fraudulent Income Overstatement on Mortgage Applications During the Credit Expansion of 2002 to 2005
    The Review of Financial Studies, 2017, 30, (6), 1832-1864 View citations (28)
    See also Working Paper Fraudulent Income Overstatement on Mortgage Applications during the Credit Expansion of 2002 to 2005, NBER Working Papers (2015) View citations (24) (2015)
11. Household Debt and Business Cycles Worldwide
    The Quarterly Journal of Economics, 2017, 132, (4), 1755-1817 View citations (394)
    See also Working Paper Household Debt and Business Cycles Worldwide, 2017 Meeting Papers (2017) View citations (394) (2017)

2015

12. Foreclosures, House Prices, and the Real Economy
    Journal of Finance, 2015, 70, (6), 2587-2634 View citations (139)
    See also Working Paper Foreclosures, House Prices, and the Real Economy, NBER Working Papers (2011) View citations (49) (2011)

2014

13. Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises
    American Economic Journal: Macroeconomics, 2014, 6, (2), 1-28 View citations (132)
    See also Working Paper Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises, NBER Working Papers (2012) View citations (7) (2012)
14. What Explains the 2007–2009 Drop in Employment?
    Econometrica, 2014, 82, 2197-2223 View citations (191)

2013

15. Aggregate demand and state-level employment
    FRBSF Economic Letter, 2013, (feb11) View citations (1)
16. Household Balance Sheets, Consumption, and the Economic Slump
    The Quarterly Journal of Economics, 2013, 128, (4), 1687-1726 View citations (721)
17. Monetary policy and macro-prudential regulation: the risk-sharing paradigm
    Journal Economía Chilena (The Chilean Economy), 2013, 16, (2), 54-66
    See also Working Paper Monetary Policy and Macro-Prudential Regulation: The Risk-Sharing Paradigm, Working Papers Central Bank of Chile (2013) (2013)
    Chapter Monetary Policy And Macro-Prudential Regulation: The Risk-Sharing Paradigm, Central Banking, Analysis, and Economic Policies Book Series, 2014, 19, 315-330 (2014) (2014)
18. The Political Economy of the Subprime Mortgage Credit Expansion
    Quarterly Journal of Political Science, 2013, 8, (4), 373-408 View citations (31)
    See also Working Paper The Political Economy of the Subprime Mortgage Credit Expansion, NBER Working Papers (2010) View citations (22) (2010)

2012

19. Empirical Macroeconomics Using Geographical Data: Guest Editors' Introduction
    The B.E. Journal of Macroeconomics, 2012, 12, (2), 3
20. The Effects of Fiscal Stimulus: Evidence from the 2009 Cash for Clunkers Program
    The Quarterly Journal of Economics, 2012, 127, (3), 1107-1142 View citations (164)
    See also Working Paper The Effects of Fiscal Stimulus: Evidence from the 2009 'Cash for Clunkers' Program, NBER Working Papers (2010) View citations (13) (2010)

2011

21. Consumers and the economy, part II: Household debt and the weak U.S. recovery
    FRBSF Economic Letter, 2011, (jan18) View citations (4)
22. House Prices, Home Equity-Based Borrowing, and the US Household Leverage Crisis
    American Economic Review, 2011, 101, (5), 2132-56 View citations (761)
    See also Working Paper House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis, NBER Working Papers (2009) View citations (55) (2009)
23. Household Balance Sheets, Aggregate Demand and Unemployment (The Quaid-i-Azam Lecture)
    The Pakistan Development Review, 2011, 50, (4), 285-294 View citations (1)
24. Household Leverage and the Recession of 2007 to 2009
    SBP Research Bulletin, 2011, 7, 125-173 View citations (10)
    See also Working Paper Household Leverage and the Recession of 2007 to 2009, NBER Working Papers (2010) View citations (103) (2010)
25. Rent Seeking and Corruption in Financial Markets
    Annual Review of Economics, 2011, 3, (1), 579-600 View citations (13)
26. Rethinking the Monetary Policy Framework of the State Bank of Pakistan
    SBP Research Bulletin, 2011, 7, 87-123 View citations (1)

2010

27. Collateral Spread and Financial Development
    Journal of Finance, 2010, 65, (1), 147-177 View citations (63)
28. Dollars Dollars Everywhere, Nor Any Dime to Lend: Credit Limit Constraints on Financial Sector Absorptive Capacity
    The Review of Financial Studies, 2010, 23, (12), 4281-4323 View citations (6)
29. Household Leverage and the Recession of 2007–09
    IMF Economic Review, 2010, 58, (1), 74-117 View citations (136)
30. The Great Recession: Lessons from Microeconomic Data
    American Economic Review, 2010, 100, (2), 51-56 View citations (123)
31. The Political Economy of the US Mortgage Default Crisis
    American Economic Review, 2010, 100, (5), 1967-98 View citations (156)
    See also Working Paper The Political Economy of the U.S. Mortgage Default Crisis, NBER Working Papers (2008) View citations (9) (2008)

2009

32. Estimating the Effect of Hierarchies on Information Use
    The Review of Financial Studies, 2009, 22, (10), 4057-4090 View citations (252)
33. The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis
    The Quarterly Journal of Economics, 2009, 124, (4), 1449-1496 View citations (1132)

2008

34. Incentives in Markets, Firms, and Governments
    The Journal of Law, Economics, and Organization, 2008, 24, (2), 273-306 View citations (30)
    See also Working Paper Incentives in Markets, Firms and Governments, NBER Working Papers (2003) View citations (23) (2003)
35. Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market
    American Economic Review, 2008, 98, (4), 1413-42 View citations (1308)
    See also Working Paper Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market, NBER Working Papers (2006) View citations (3) (2006)

2006

36. Distance Constraints: The Limits of Foreign Lending in Poor Economies
    Journal of Finance, 2006, 61, (3), 1465-1505 View citations (501)
37. The supply and demand side impacts of credit market information - comments
    Proceedings, 2006, (Nov)

2005

38. Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market
    The Quarterly Journal of Economics, 2005, 120, (4), 1371-1411 View citations (1156)
39. Unchecked intermediaries: Price manipulation in an emerging stock market
    Journal of Financial Economics, 2005, 78, (1), 203-241 View citations (103)

Books

2015

1. House of Debt
   University of Chicago Press Economics Books, University of Chicago Press View citations (103)

Chapters

2016

1. Comment on "Macrofinancial History and the New Business Cycle Facts"
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 274-278
2. Who Bears the Cost of Recessions? The Role of House Prices and Household Debt
   Elsevier View citations (34)
   See also Working Paper Who Bears the Cost of Recessions? The Role of House Prices and Household Debt, National Bureau of Economic Research, Inc (2016) View citations (33) (2016)

2014

3. Monetary Policy And Macro-Prudential Regulation: The Risk-Sharing Paradigm
   Chapter 10 in Macroeconomic and Financial Stability: challenges for Monetary Policy, 2014, vol. 19, pp 315-330
   See also Journal Article Monetary policy and macro-prudential regulation: the risk-sharing paradigm, Central Bank of Chile (2013) (2013)
   Working Paper Monetary Policy and Macro-Prudential Regulation: The Risk-Sharing Paradigm, Central Bank of Chile (2013) (2013)

2012

4. The Case for a Credit Registry
   A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2012, pp 163-172 View citations (4)

2010

5. Comment on "Reducing Foreclosures: No Easy Answers"
   A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 149-156