Tag Archives: Johannes Stroebel

Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession

From Sumit Agarwal, Souphala Chomsisengphet, Neale Mahoney, and Johannes Stroebel: The effect of bank-mediated stimulus on household borrowing depends on whether banks pass through credit expansions to households with a high marginal propensity to borrow (MPB). We use panel data on … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Very Long-Run Discount Rates

From Stefano Giglio, Matteo Maggiori, Johannes Stroebel: We provide the first direct estimates of how agents trade off immediate costs and un- certain future benefits that occur in the very long run, 100 or more years away. We exploit a … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Regulating Consumer Financial Products: Evidence from Credit Cards

The NYTimes has an interesting story on this paper from Sumit Agarwal, Souphala Chomsisengphet, Neale Mahoney, and Johannes Stroebel: We analyze the effectiveness of consumer financial regulation by considering the 2009 Credit Card Accountability Responsibility and Disclosure (CARD) Act in … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment