Details about Johannes Stroebel

Homepage:	http://pages.stern.nyu.edu/~jstroebe/index.html
Workplace:	National Bureau of Economic Research (NBER), (more information at EDIRC) Stern School of Business, New York University (NYU), (more information at EDIRC) Centre for Economic Policy Research (CEPR), (more information at EDIRC)

Access statistics for papers by Johannes Stroebel.

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

Short-id: pst391

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Working Papers

2025

Climate Transition Risks and the Energy Sector
CESifo Working Paper Series, CESifo
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2025)
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

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

2019

Five Facts About Beliefs and Portfolios
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (42)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (42)
CESifo Working Paper Series, CESifo (2019) View citations (42)
See also Journal Article Five Facts about Beliefs and Portfolios, American Economic Review, American Economic Association (2021) View citations (94) (2021)
Hedging Climate Change News
NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
Also in CESifo Working Paper Series, CESifo (2019) View citations (29)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (29)
See also Journal Article Hedging Climate Change News, The Review of Financial Studies, Society for Financial Studies (2020) View citations (333) (2020)
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 (41) (2020)

2017

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 (63) (2019)
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

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

2015

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)
CESifo Working Paper Series, CESifo (2015) View citations (42)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (40)
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 (91) (2021)
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 (75) (2018)
Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
Also in CESifo Working Paper Series, CESifo (2015) View citations (15)
House Prices, Local Demand, and Retail Prices
CESifo Working Paper Series, CESifo View citations (22)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (38)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (22)
See also Journal Article House Prices, Local Demand, and Retail Prices, Journal of Political Economy, University of Chicago Press (2019) View citations (89) (2019)
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 (52) (2020)
Stimulating Household Borrowing During the Great Recession
2015 Meeting Papers, Society for Economic Dynamics

2014

House Prices and Retail Prices
2014 Meeting Papers, Society for Economic Dynamics View citations (35)
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 (37) (2016)
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 (137) (2015)
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 (62) (2015)
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

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

2006

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

Four facts about ESG beliefs and investor portfolios
Journal of Financial Economics, 2025, 164, (C) View citations (5)
See also Working Paper FOUR FACTS ABOUT ESG BELIEFS AND INVESTOR PORTFOLIOS, SocArXiv (2023) View citations (20) (2023)

2024

Lender Automation and Racial Disparities in Credit Access
Journal of Finance, 2024, 79, (2), 1457-1512 View citations (4)
See also Working Paper Lender Automation and Racial Disparities in Credit Access, NBER Working Papers (2021) (2021)
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 (6)
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

Climate Stress Testing
Annual Review of Financial Economics, 2023, 15, (1), 291-326 View citations (16)
See also Working Paper Climate Stress Testing, Staff Reports (2023) View citations (23) (2023)
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 (16)
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

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 (10)
Peer Effects in Product Adoption
American Economic Journal: Applied Economics, 2022, 14, (3), 488-526 View citations (14)
See also Working Paper Peer Effects in Product Adoption, Working Papers (2021) (2021)
Social Proximity to Capital: Implications for Investors and Firms
The Review of Financial Studies, 2022, 35, (6), 2743-2789 View citations (13)
See also Working Paper Social Proximity to Capital: Implications for Investors and Firms, NBER Working Papers (2020) View citations (17) (2020)
Social capital I: measurement and associations with economic mobility
Nature, 2022, 608, (7921), 108-121 View citations (99)
See also Working Paper Social Capital I: Measurement and Associations with Economic Mobility, NBER Working Papers (2022) View citations (99) (2022)
Social capital II: determinants of economic connectedness
Nature, 2022, 608, (7921), 122-134 View citations (28)
See also Working Paper Social Capital II: Determinants of Economic Connectedness, NBER Working Papers (2022) View citations (28) (2022)
The Social Integration of Syrian Refugees in Germany
EconPol Forum, 2022, 23, (06), 42
The effect of climate risks on the interactions between financial markets and energy companies
Nature Energy, 2022, 7, (8), 690-697 View citations (46)

2021

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 (91)
See also Working Paper Climate Change and Long-Run Discount Rates: Evidence from Real Estate, Working Paper (2015) View citations (40) (2015)
Climate Finance
Annual Review of Financial Economics, 2021, 13, (1), 15-36
See also Working Paper Climate Finance, CEPR Discussion Papers (2020) (2020)
Five Facts about Beliefs and Portfolios
American Economic Review, 2021, 111, (5), 1481-1522 View citations (94)
See also Working Paper Five Facts About Beliefs and Portfolios, CEPR Discussion Papers (2019) View citations (42) (2019)
International trade and social connectedness
Journal of International Economics, 2021, 129, (C) View citations (39)
See also Working Paper International Trade and Social Connectedness, NBER Working Papers (2020) View citations (14) (2020)
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)
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 (22)

2020

Hedging Climate Change News
The Review of Financial Studies, 2020, 33, (3), 1184-1216 View citations (333)
See also Working Paper Hedging Climate Change News, NBER Working Papers (2019) View citations (29) (2019)
Reply to “Rational Bubbles in UK Housing Markets”
Econometrica, 2020, 88, (4), 1767-1770 View citations (1)
Segmented Housing Search
American Economic Review, 2020, 110, (3), 720-59 View citations (52)
See also Working Paper Segmented Housing Search, NBER Working Papers (2015) View citations (37) (2015)
Social connectedness in urban areas
Journal of Urban Economics, 2020, 118, (C) View citations (41)
See also Working Paper Social Connectedness in Urban Areas, NBER Working Papers (2019) View citations (5) (2019)

2019

Hauspreise und Inflation
(House prices and inflation)
Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), 2019, 5, (1), 155-160
House Price Beliefs And Mortgage Leverage Choice
The Review of Economic Studies, 2019, 86, (6), 2403-2452 View citations (63)
See also Working Paper House Price Beliefs And Mortgage Leverage Choice, CEPR Discussion Papers (2017) View citations (13) (2017)
House Prices, Local Demand, and Retail Prices
Journal of Political Economy, 2019, 127, (3), 1391 - 1436 View citations (89)
See also Working Paper House Prices, Local Demand, and Retail Prices, CESifo Working Paper Series (2015) View citations (22) (2015)

2018

Do Banks Pass through Credit Expansions to Consumers Who want to Borrow?
The Quarterly Journal of Economics, 2018, 133, (1), 129-190 View citations (75)
See also Working Paper Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow?, NBER Working Papers (2015) View citations (11) (2015)
Social Connectedness: Measurement, Determinants, and Effects
Journal of Economic Perspectives, 2018, 32, (3), 259-80 View citations (140)
The Economic Effects of Social Networks: Evidence from the Housing Market
Journal of Political Economy, 2018, 126, (6), 2224 - 2276 View citations (158)

2016

Asymmetric Information about Collateral Values
Journal of Finance, 2016, 71, (3), 1071-1112 View citations (53)
EconomicDynamics Interview: Johannes Stroebel on real estate dynamics
EconomicDynamics Newsletter, 2016, 17, (2)
Government intervention in the housing market: Who wins, who loses?
Journal of Monetary Economics, 2016, 80, (C), 106-123 View citations (64)
No‐Bubble Condition: Model‐Free Tests in Housing Markets
Econometrica, 2016, 84, 1047-1091 View citations (37)
See also Working Paper No-Bubble Condition: Model-Free Tests in Housing Markets, CEPR Discussion Papers (2014) View citations (29) (2014)

2015

Editor's Choice Very Long-Run Discount Rates
The Quarterly Journal of Economics, 2015, 130, (1), 1-53 View citations (43)
Regulating Consumer Financial Products: Evidence from Credit Cards
The Quarterly Journal of Economics, 2015, 130, (1), 111-164 View citations (137)
See also Working Paper Regulating Consumer Financial Products: Evidence from Credit Cards, 2014 Meeting Papers (2014) View citations (39) (2014)
Testing for Information Asymmetries in Real Estate Markets
The Review of Financial Studies, 2015, 28, (8), 2429-2461 View citations (62)
See also Working Paper Testing for Information Asymmetries in Real Estate Markets, NBER Working Papers (2014) View citations (5) (2014)

2014

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

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

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

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

Chapters

2010

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