Details about Johannes Stroebel

Access statistics for papers by Johannes Stroebel.

Last updated 2025-02-06. Update your information in the RePEc Author Service.

Short-id: pst391

Working Papers

2025

1. Climate Transition Risks and the Energy Sector
   CESifo Working Paper Series, CESifo
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2025)
2. Nature Loss and Climate Change: The Twin-Crises Multiplier
   CESifo Working Paper Series, CESifo
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2025)

2024

3. Carbon VIX: Carbon Price Uncertainty and Decarbonization Investments
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
4. The Economics of Biodiversity Loss
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2023

5. Biodiversity Risk
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in SocArXiv, Center for Open Science (2023)
6. Climate Stress Testing
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
   Also in CESifo Working Paper Series, CESifo (2023) View citations (16)
   Staff Reports, Federal Reserve Bank of New York (2023) View citations (16)
   See also Journal Article Climate Stress Testing, Annual Review of Financial Economics, Annual Reviews (2023) View citations (9) (2023)
7. FOUR FACTS ABOUT ESG BELIEFS AND INVESTOR PORTFOLIOS
   SocArXiv, Center for Open Science View citations (17)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023) View citations (17)
   See also Journal Article Four facts about ESG beliefs and investor portfolios, Journal of Financial Economics, Elsevier (2025) (2025)

2022

8. A Quantity-Based Approach to Constructing Climate Risk Hedge Portfolios
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
9. Housing Market Expectations
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   CESifo Working Paper Series, CESifo (2022) View citations (12)
10. Social Capital I: Measurement and Associations with Economic Mobility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (85)
    See also Journal Article Social capital I: measurement and associations with economic mobility, Nature, Nature (2022) View citations (85) (2022)
11. Social Capital II: Determinants of Economic Connectedness
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article Social capital II: determinants of economic connectedness, Nature, Nature (2022) View citations (24) (2022)
12. Social Interactions, Resilience, and Access to Economic Opportunity: A Research Agenda for the Field of Computational Social Science
    CESifo Working Paper Series, CESifo View citations (2)
13. The Social Integration of International Migrants: Evidence from the Networks of Syrians in Germany
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (7)
    CESifo Working Paper Series, CESifo (2022) View citations (7)

2021

14. Lender Automation and Racial Disparities in Credit Access
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Lender Automation and Racial Disparities in Credit Access, Journal of Finance, American Finance Association (2024) View citations (1) (2024)
15. Peer Effects in Product Adoption
    Working Papers, Princeton University. Economics Department.
    Also in CESifo Working Paper Series, CESifo (2019) View citations (12)
    2018 Meeting Papers, Society for Economic Dynamics (2018)
    NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (12)
    See also Journal Article Peer Effects in Product Adoption, American Economic Journal: Applied Economics, American Economic Association (2022) View citations (12) (2022)
16. Racial Disparities in Access to Small Business Credit: Evidence from the Paycheck Protection Program
    CESifo Working Paper Series, CESifo View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
17. The economics of mortgage debt relief during a pandemic
    Financial Stability Notes, Central Bank of Ireland View citations (1)
18. What Do You Think About Climate Finance?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (154)
    Also in CESifo Working Paper Series, CESifo (2021) View citations (147)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)

2020

19. Climate Finance
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CESifo Working Paper Series, CESifo (2020)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020)
    See also Journal Article Climate Finance, Annual Review of Financial Economics, Annual Reviews (2021) (2021)
20. Inside the Mind of a Stock Market Crash
    Papers, arXiv.org View citations (24)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (24)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (24)
    CESifo Working Paper Series, CESifo (2020) View citations (24)
21. International Trade and Social Connectedness
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in CESifo Working Paper Series, CESifo (2020) View citations (14)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (19)
    See also Journal Article International trade and social connectedness, Journal of International Economics, Elsevier (2021) View citations (34) (2021)
22. Online Appendix & Additional Results for The Determinants of Social Connectedness in Europe
    Papers, arXiv.org View citations (5)
23. Social Connectedness in Europe
    SocArXiv, Center for Open Science View citations (7)
24. Social Distancing During a Pandemic - The Role of Friends
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in CESifo Working Paper Series, CESifo (2020) View citations (4)
25. Social Finance
    CESifo Working Paper Series, CESifo
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
    See also Journal Article Social Finance, Annual Review of Financial Economics, Annual Reviews (2021) View citations (1) (2021)
26. Social Networks Shape Beliefs and Behavior: Evidence from Social Distancing During the COVID-19 Pandemic
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article Social Networks Shape Beliefs and Behavior: Evidence from Social Distancing during the COVID-19 Pandemic, Journal of Political Economy Microeconomics, University of Chicago Press (2024) View citations (2) (2024)
27. Social Proximity to Capital: Implications for Investors and Firms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (15)
    See also Journal Article Social Proximity to Capital: Implications for Investors and Firms, The Review of Financial Studies, Society for Financial Studies (2022) View citations (11) (2022)
28. The Determinants and Effects of Social Connectedness in Europe
    CESifo Working Paper Series, CESifo View citations (11)
29. The Effects of COVID-19 on U.S. Small Businesses: Evidence from Owners, Managers, and Employees
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (16)
    CESifo Working Paper Series, CESifo (2020) View citations (18)
    See also Journal Article The Effects of COVID-19 on U.S. Small Businesses: Evidence from Owners, Managers, and Employees, Management Science, INFORMS (2023) View citations (11) (2023)
30. The Geographic Spread of COVID-19 Correlates with the Structure of Social Networks as Measured by Facebook
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (87)
    Also in CESifo Working Paper Series, CESifo (2020) View citations (85)

2019

31. Five Facts About Beliefs and Portfolios
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (41)
    Also in CESifo Working Paper Series, CESifo (2019) View citations (41)
    NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (41)
    See also Journal Article Five Facts about Beliefs and Portfolios, American Economic Review, American Economic Association (2021) View citations (79) (2021)
32. Hedging Climate Change News
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (29)
    Also in CESifo Working Paper Series, CESifo (2019) View citations (29)
    NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (29)
    See also Journal Article Hedging Climate Change News, The Review of Financial Studies, Society for Financial Studies (2020) View citations (261) (2020)
33. Social Connectedness in Urban Areas
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (4)
    See also Journal Article Social connectedness in urban areas, Journal of Urban Economics, Elsevier (2020) View citations (38) (2020)

2017

34. House Price Beliefs And Mortgage Leverage Choice
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (15)
    See also Journal Article House Price Beliefs And Mortgage Leverage Choice, The Review of Economic Studies, Review of Economic Studies Ltd (2019) View citations (59) (2019)
35. Measuring Social Connectedness
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (17)

2016

36. Social Networks and Housing Market Investments
    2016 Meeting Papers, Society for Economic Dynamics View citations (13)
37. Social Networks and Housing Markets
    CESifo Working Paper Series, CESifo View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (20)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (17)

2015

38. Climate Change and Long-Run Discount Rates: Evidence from Real Estate
    Working Paper, Harvard University OpenScholar View citations (40)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (40)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (40)
    CESifo Working Paper Series, CESifo (2015) View citations (42)
    See also Journal Article Climate Change and Long-Run Discount Rates: Evidence from Real Estate, The Review of Financial Studies, Society for Financial Studies (2021) View citations (70) (2021)
39. Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Do Banks Pass through Credit Expansions to Consumers Who want to Borrow?, The Quarterly Journal of Economics, President and Fellows of Harvard College (2018) View citations (72) (2018)
40. Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession
    CESifo Working Paper Series, CESifo View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (15)
41. House Prices, Local Demand, and Retail Prices
    CESifo Working Paper Series, CESifo View citations (22)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (22)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (38)
    See also Journal Article House Prices, Local Demand, and Retail Prices, Journal of Political Economy, University of Chicago Press (2019) View citations (87) (2019)
42. Segmented Housing Search
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (1)
    See also Journal Article Segmented Housing Search, American Economic Review, American Economic Association (2020) View citations (48) (2020)
43. Stimulating Household Borrowing During the Great Recession
    2015 Meeting Papers, Society for Economic Dynamics

2014

44. House Prices and Retail Prices
    2014 Meeting Papers, Society for Economic Dynamics View citations (35)
45. No-Bubble Condition: Model-Free Tests in Housing Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (29)
    Also in Working Paper, Harvard University OpenScholar View citations (29)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (12)
    See also Journal Article No‐Bubble Condition: Model‐Free Tests in Housing Markets, Econometrica, Econometric Society (2016) View citations (35) (2016)
46. Regulating Consumer Financial Products: Evidence from Credit Cards
    2014 Meeting Papers, Society for Economic Dynamics View citations (39)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (11)
    See also Journal Article Regulating Consumer Financial Products: Evidence from Credit Cards, The Quarterly Journal of Economics, President and Fellows of Harvard College (2015) View citations (136) (2015)
47. Testing for Information Asymmetries in Real Estate Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Testing for Information Asymmetries in Real Estate Markets, The Review of Financial Studies, Society for Financial Studies (2015) View citations (59) (2015)
48. Very Long Run Discount Rates
    2014 Meeting Papers, Society for Economic Dynamics View citations (23)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) View citations (24)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (28)

2009

49. Estimated Impact of the Fed's Mortgage-Backed Securities Purchase Program
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
50. Foreclosure and Bankruptcy--Policy Conclusions from the Current Crisis
    Discussion Papers, Stanford Institute for Economic Policy Research View citations (7)

2006

51. The role of banking portfolios in the transmission from currency crises to banking crises - potential effects of Basel II
    IWH Discussion Papers, Halle Institute for Economic Research (IWH)

Journal Articles

2025

1. Four facts about ESG beliefs and investor portfolios
   Journal of Financial Economics, 2025, 164, (C)
   See also Working Paper FOUR FACTS ABOUT ESG BELIEFS AND INVESTOR PORTFOLIOS, SocArXiv (2023) View citations (17) (2023)

2024

2. Lender Automation and Racial Disparities in Credit Access
   Journal of Finance, 2024, 79, (2), 1457-1512 View citations (1)
   See also Working Paper Lender Automation and Racial Disparities in Credit Access, NBER Working Papers (2021) (2021)
3. Social Networks Shape Beliefs and Behavior: Evidence from Social Distancing during the COVID-19 Pandemic
   Journal of Political Economy Microeconomics, 2024, 2, (3), 463 - 494 View citations (2)
   See also Working Paper Social Networks Shape Beliefs and Behavior: Evidence from Social Distancing During the COVID-19 Pandemic, NBER Working Papers (2020) View citations (12) (2020)

2023

4. Climate Stress Testing
   Annual Review of Financial Economics, 2023, 15, (1), 291-326 View citations (9)
   See also Working Paper Climate Stress Testing, NBER Working Papers (2023) View citations (16) (2023)
5. The Effects of COVID-19 on U.S. Small Businesses: Evidence from Owners, Managers, and Employees
   Management Science, 2023, 69, (1), 7-24 View citations (11)
   See also Working Paper The Effects of COVID-19 on U.S. Small Businesses: Evidence from Owners, Managers, and Employees, CEPR Discussion Papers (2020) View citations (10) (2020)

2022

6. JUE Insight: The geographic spread of COVID-19 correlates with the structure of social networks as measured by Facebook
   Journal of Urban Economics, 2022, 127, (C) View citations (8)
7. Peer Effects in Product Adoption
   American Economic Journal: Applied Economics, 2022, 14, (3), 488-526 View citations (12)
   See also Working Paper Peer Effects in Product Adoption, Working Papers (2021) (2021)
8. Social Proximity to Capital: Implications for Investors and Firms
   The Review of Financial Studies, 2022, 35, (6), 2743-2789 View citations (11)
   See also Working Paper Social Proximity to Capital: Implications for Investors and Firms, NBER Working Papers (2020) View citations (17) (2020)
9. Social capital I: measurement and associations with economic mobility
   Nature, 2022, 608, (7921), 108-121 View citations (85)
   See also Working Paper Social Capital I: Measurement and Associations with Economic Mobility, NBER Working Papers (2022) View citations (85) (2022)
10. Social capital II: determinants of economic connectedness
    Nature, 2022, 608, (7921), 122-134 View citations (24)
    See also Working Paper Social Capital II: Determinants of Economic Connectedness, NBER Working Papers (2022) View citations (24) (2022)
11. The Social Integration of Syrian Refugees in Germany
    EconPol Forum, 2022, 23, (06), 42
12. The effect of climate risks on the interactions between financial markets and energy companies
    Nature Energy, 2022, 7, (8), 690-697 View citations (28)

2021

13. Climate Change and Long-Run Discount Rates: Evidence from Real Estate
    (Abrupt climate change)
    The Review of Financial Studies, 2021, 34, (8), 3527-3571 View citations (70)
    See also Working Paper Climate Change and Long-Run Discount Rates: Evidence from Real Estate, Working Paper (2015) View citations (40) (2015)
14. Climate Finance
    Annual Review of Financial Economics, 2021, 13, (1), 15-36
    See also Working Paper Climate Finance, NBER Working Papers (2020) (2020)
15. Five Facts about Beliefs and Portfolios
    American Economic Review, 2021, 111, (5), 1481-1522 View citations (79)
    See also Working Paper Five Facts About Beliefs and Portfolios, CEPR Discussion Papers (2019) View citations (41) (2019)
16. International trade and social connectedness
    Journal of International Economics, 2021, 129, (C) View citations (34)
    See also Working Paper International Trade and Social Connectedness, NBER Working Papers (2020) View citations (14) (2020)
17. Social Finance
    Annual Review of Financial Economics, 2021, 13, (1), 37-55 View citations (1)
    See also Working Paper Social Finance, CESifo Working Paper Series (2020) (2020)
18. The joint dynamics of investor beliefs and trading during the COVID-19 crash
    Proceedings of the National Academy of Sciences, 2021, 118, (4), e2010316118 View citations (20)

2020

19. Hedging Climate Change News
    The Review of Financial Studies, 2020, 33, (3), 1184-1216 View citations (261)
    See also Working Paper Hedging Climate Change News, CEPR Discussion Papers (2019) View citations (29) (2019)
20. Reply to “Rational Bubbles in UK Housing Markets”
    Econometrica, 2020, 88, (4), 1767-1770 View citations (1)
21. Segmented Housing Search
    American Economic Review, 2020, 110, (3), 720-59 View citations (48)
    See also Working Paper Segmented Housing Search, NBER Working Papers (2015) View citations (37) (2015)
22. Social connectedness in urban areas
    Journal of Urban Economics, 2020, 118, (C) View citations (38)
    See also Working Paper Social Connectedness in Urban Areas, NBER Working Papers (2019) View citations (5) (2019)

2019

23. Hauspreise und Inflation
    (House prices and inflation)
    Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), 2019, 5, (1), 155-160
24. House Price Beliefs And Mortgage Leverage Choice
    The Review of Economic Studies, 2019, 86, (6), 2403-2452 View citations (59)
    See also Working Paper House Price Beliefs And Mortgage Leverage Choice, CEPR Discussion Papers (2017) View citations (13) (2017)
25. House Prices, Local Demand, and Retail Prices
    Journal of Political Economy, 2019, 127, (3), 1391 - 1436 View citations (87)
    See also Working Paper House Prices, Local Demand, and Retail Prices, CESifo Working Paper Series (2015) View citations (22) (2015)

2018

26. Do Banks Pass through Credit Expansions to Consumers Who want to Borrow?
    The Quarterly Journal of Economics, 2018, 133, (1), 129-190 View citations (72)
    See also Working Paper Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow?, NBER Working Papers (2015) View citations (11) (2015)
27. Social Connectedness: Measurement, Determinants, and Effects
    Journal of Economic Perspectives, 2018, 32, (3), 259-80 View citations (129)
28. The Economic Effects of Social Networks: Evidence from the Housing Market
    Journal of Political Economy, 2018, 126, (6), 2224 - 2276 View citations (152)

2016

29. Asymmetric Information about Collateral Values
    Journal of Finance, 2016, 71, (3), 1071-1112 View citations (51)
30. EconomicDynamics Interview: Johannes Stroebel on real estate dynamics
    EconomicDynamics Newsletter, 2016, 17, (2)
31. Government intervention in the housing market: Who wins, who loses?
    Journal of Monetary Economics, 2016, 80, (C), 106-123 View citations (61)
32. No‐Bubble Condition: Model‐Free Tests in Housing Markets
    Econometrica, 2016, 84, 1047-1091 View citations (35)
    See also Working Paper No-Bubble Condition: Model-Free Tests in Housing Markets, CEPR Discussion Papers (2014) View citations (29) (2014)

2015

33. Editor's Choice Very Long-Run Discount Rates
    The Quarterly Journal of Economics, 2015, 130, (1), 1-53 View citations (43)
34. Regulating Consumer Financial Products: Evidence from Credit Cards
    The Quarterly Journal of Economics, 2015, 130, (1), 111-164 View citations (136)
    See also Working Paper Regulating Consumer Financial Products: Evidence from Credit Cards, 2014 Meeting Papers (2014) View citations (39) (2014)
35. Testing for Information Asymmetries in Real Estate Markets
    The Review of Financial Studies, 2015, 28, (8), 2429-2461 View citations (59)
    See also Working Paper Testing for Information Asymmetries in Real Estate Markets, NBER Working Papers (2014) View citations (5) (2014)

2014

36. A Simple Framework for Estimating Consumer Benefits from Regulating Hidden Fees
    The Journal of Legal Studies, 2014, 43, (S2), S239 - S252 View citations (15)

2013

37. Resource Extraction Contracts Under Threat of Expropriation: Theory and Evidence
    The Review of Economics and Statistics, 2013, 95, (5), 1622-1639 View citations (45)

2012

38. Estimated Impact of the Federal Reserve’s Mortgage-Backed Securities Purchase Program
    International Journal of Central Banking, 2012, 8, (2), 1-42 View citations (53)

2007

39. Bankenregulierung: Die Mindesteigenkapitalvorschriften von Basel II verstärken die Übertragung von Währungskrisen auf Bankenkrisen
    Wirtschaft im Wandel, 2007, 13, (8), 317-320
40. Die Rolle von Kredit-Ratings im Rahmen der Bankenregulierung. Kredit-Ratings antizipieren Währungsrisiken unzureichend
    Wirtschaft im Wandel, 2007, 13, (10), 380-384
41. Führt neues IWF-Instrument zur Prävention von Währungskrisen?
    Wirtschaft im Wandel, 2007, 13, (7), 269-274

Chapters

2010

1. A Summary of the Commentary
   Chapter 13 in Ending Government Bailouts As We Know Them, 2010 View citations (1)