This chapter surveys the literature on housing in macroeconomics. We first collect facts on
house prices and quantities in both the time series and the cross section of households and …

This article reviews the literature on international comparative household finance. It presents
summary statistics on household balance sheets for 13 developed countries and uses these …

Utilizing transaction-level financial data, we explore how household consumption
responded to the onset of the COVID-19 pandemic. As case numbers grew and cities and …

We build a publicly available database that tracks economic activity in the United States at a
granular level in real time using anonymized data from private companies. We report weekly …

Abstract Technology-based (“FinTech”) lenders increased their market share of US
mortgage lending from 2% to 8% from 2010 to 2016. Using loan-level data on mortgage …

Has rising import competition contributed to the polarization of US politics? Analyzing
multiple measures of political expression and results of congressional and presidential …

We build a model of the US economy with multiple aggregate shocks that generate
fluctuations in equilibrium house prices. Through counterfactual experiments, we study the …

An increase in the household debt to GDP ratio predicts lower GDP growth and higher
unemployment in the medium run for an unbalanced panel of 30 countries from 1960 to …

Exploiting variation in the timing of resets of adjustable-rate mortgages (ARMs), we find that
a sizable decline in mortgage payments (up to 50 percent) induces a significant increase in …

Chinese housing prices rose by over 10 percent per year in real terms between 2003 and
2014 and are now between two and ten times higher than the construction cost of …