Andreas Fuster

École Polytechnique Fédérale de Lausanne (EPFL)

Quartier UNIL-Chamberonne

Bâtiment Extranef

CH-1015 Lausanne

Switzerland

Swiss Finance Institute

c/o University of Geneva

40, Bd du Pont-d'Arve

CH-1211 Geneva 4

Switzerland

Centre for Economic Policy Research (CEPR)

Research Fellow

London

United Kingdom

  • École Polytechnique Fédérale de Lausanne (EPFL)

  • Swiss Finance Institute

  • Centre for Economic Policy Research (CEPR)

SCHOLARLY PAPERS

41

DOWNLOADS
Rank 3,498

SSRN RANKINGS

Top 3,498

in Total Papers Downloads

21,309

TOTAL CITATIONS
Rank 405

SSRN RANKINGS

Top 405

in Total Papers Citations

1,146

Scholarly Papers (41)

Actions:
Email selected abstracts
1.

Predictably Unequal? The Effects of Machine Learning on Credit Markets

Downloads 8,455 ( 1,590)
Citation 194

Predictably Unequal? The Effects of Machine Learning on Credit Markets

Journal of Finance, Forthcoming
Number of pages: 92 Posted: 17 Nov 2017 Last Revised: 24 Jun 2021
Andreas Fuster, Paul S. Goldsmith-Pinkham, Tarun Ramadorai and Ansgar Walther
École Polytechnique Fédérale de Lausanne (EPFL), Yale School of Management, Imperial College London and Imperial College London
Downloads 8,451 (1,584)
Citation 190

Abstract:

Loading...

machine learning, credit, mortgages, disparate impact, race

Predictably Unequal? The Effects of Machine Learning on Credit Markets

CEPR Discussion Paper No. DP12448
Number of pages: 60 Posted: 20 Nov 2017
Andreas Fuster, Paul S. Goldsmith-Pinkham, Tarun Ramadorai and Ansgar Walther
École Polytechnique Fédérale de Lausanne (EPFL), Yale School of Management, Imperial College London and Imperial College London
Downloads 4 (1,338,570)
Citation 4
  • Add to Cart

Abstract:

Loading...

credit access, Machine Learning, Mortgages, statistical discrimination

2.

Paying Too Much? Borrower Sophistication and Overpayment in the US Mortgage Market

Downloads 1,300 (33,245)
Citation 29

Paying Too Much? Borrower Sophistication and Overpayment in the US Mortgage Market

Journal of Finance, Forthcoming
Number of pages: 117 Posted: 22 Jul 2019 Last Revised: 03 Feb 2025
Neil Bhutta, Andreas Fuster and Aurel Hizmo
Federal Reserve Bank of Philadelphia, École Polytechnique Fédérale de Lausanne (EPFL) and Board of Governors of the Federal Reserve System
Downloads 1,081 (42,846)
Citation 29

Abstract:

Loading...

mortgages, household finance, interest rates, financial literacy, price dispersion

Paying Too Much? Borrower Sophistication and Overpayment in the US Mortgage Market

Swiss Finance Institute Research Paper No. 24-21
Number of pages: 93 Posted: 05 Mar 2024
Neil Bhutta, Andreas Fuster and Aurel Hizmo
Federal Reserve Bank of Philadelphia, École Polytechnique Fédérale de Lausanne (EPFL) and Board of Governors of the Federal Reserve System
Downloads 144 (423,988)

Abstract:

Loading...

Paying Too Much? Borrower Sophistication and Overpayment in the Us Mortgage Market

FRB of Philadelphia Working Paper No. 24-11
Number of pages: 92 Posted: 20 Jun 2024
Neil Bhutta, Andreas Fuster and Aurel Hizmo
Federal Reserve Bank of Philadelphia, École Polytechnique Fédérale de Lausanne (EPFL) and Board of Governors of the Federal Reserve System
Downloads 75 (674,411)

Abstract:

Loading...

Mortgage, price dispersion, consumer search, financial literacy, interest rates

Paying Too Much? Borrower Sophistication and Overpayment in the Us Mortgage Market

CEPR Discussion Paper No. DP14924
Number of pages: 72 Posted: 29 Jun 2020 Last Revised: 11 Feb 2021
Neil Bhutta, Andreas Fuster and Aurel Hizmo
Federal Reserve Bank of Philadelphia, École Polytechnique Fédérale de Lausanne (EPFL) and Board of Governors of the Federal Reserve System
Downloads 0
  • Add to Cart

Abstract:

Loading...

3.

FinTech Lending

Downloads 1,066 (44,387)
Citation 11

FinTech Lending

Annual Review of Financial Economics, Vol. 14, pp. 187-207, 2022
Posted: 10 Nov 2022
Tobias Berg, Andreas Fuster and Manju Puri
Goethe University Frankfurt, École Polytechnique Fédérale de Lausanne (EPFL) and Duke University - Fuqua School of Business

Abstract:

Loading...

FinTech Lending

Swiss Finance Institute Research Paper No. 21-72
Number of pages: 28 Posted: 26 Oct 2021
Tobias Berg, Andreas Fuster and Manju Puri
Goethe University Frankfurt, École Polytechnique Fédérale de Lausanne (EPFL) and Duke University - Fuqua School of Business
Downloads 725 (73,879)
Citation 1

Abstract:

Loading...

FinTech, lending, COVID-19

Fintech Lending

NBER Working Paper No. w29421
Number of pages: 27 Posted: 01 Nov 2021 Last Revised: 22 May 2023
Tobias Berg, Andreas Fuster and Manju Puri
Goethe University Frankfurt, École Polytechnique Fédérale de Lausanne (EPFL) and Duke University - Fuqua School of Business
Downloads 340 (184,785)
Citation 3

Abstract:

Loading...

FinTech Lending

CEPR Discussion Paper No. DP16668
Number of pages: 29 Posted: 15 Nov 2021
Tobias Berg, Andreas Fuster and Manju Puri
Goethe University Frankfurt, École Polytechnique Fédérale de Lausanne (EPFL) and Duke University - Fuqua School of Business
Downloads 1 (1,361,613)
Citation 7
  • Add to Cart

Abstract:

Loading...

COVID-19, Financial Intermediation, Fintech, lending

4.

Mortgage-Backed Securities

Downloads 860 (59,704)

Mortgage-Backed Securities

FRB of Philadelphia Working Paper No. 25-10
Number of pages: 40 Posted: 24 Mar 2025
Andreas Fuster, David O. Lucca and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of Philadelphia
Downloads 5 (1,330,883)

Abstract:

Loading...

mortgage finance, securitization, agency mortgage-backed securities, TBA, option-adjusted spreads, covered bonds

Mortgage-Backed Securities

Swiss Finance Institute Research Paper No. 22-13
Number of pages: 41 Posted: 07 Feb 2022 Last Revised: 01 Sep 2022
Andreas Fuster, David O. Lucca and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of Philadelphia
Downloads 600 (94,219)

Abstract:

Loading...

mortgage finance, securitization, agency mortgage-backed securities, TBA, option-adjusted spreads, covered bonds

Mortgage-Backed Securities

FRB of New York Staff Report No. 1001
Number of pages: 39 Posted: 09 Feb 2022
Andreas Fuster, David O. Lucca and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of Philadelphia
Downloads 182 (346,076)

Abstract:

Loading...

mortgage finance, securitization, agency mortgage-backed securities, TBA, option-adjusted spreads, covered bonds

Mortgage-Backed Securities

CEPR Discussion Paper No. DP16989
Number of pages: 41 Posted: 04 Feb 2022
Andreas Fuster, David O. Lucca and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of Philadelphia
Downloads 73 (684,749)
  • Add to Cart

Abstract:

Loading...

agency mortgage-backed securities, covered bonds, Mortgage finance, option-adjusted spreads, Securitization, TBA

5.

Expectations as Endowments: Evidence on Reference-Dependent Preferences from Exchange and Valuation Experiments

Number of pages: 37 Posted: 14 Nov 2009 Last Revised: 08 Jun 2010
Keith M. Marzilli Ericson and Andreas Fuster
Boston University - Markets, Public Policy, and Law and École Polytechnique Fédérale de Lausanne (EPFL)
Downloads 776 (68,554)
Citation 77

Abstract:

Loading...

reference points, expectations, loss aversion, endowment effect, willingness-to-accept, experimental economics

6.

Understanding Mortgage Spreads

FRB of New York Staff Report No. 674
Number of pages: 79 Posted: 29 May 2014 Last Revised: 22 Jun 2018
Nina Boyarchenko, Andreas Fuster and David O. Lucca
Federal Reserve Banks - Federal Reserve Bank of New York, École Polytechnique Fédérale de Lausanne (EPFL) and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 582 (99,439)
Citation 16

Abstract:

Loading...

agency mortgage-backed securities, option-adjusted spreads, prepayment risk, OAS smile

7.

The Role of Technology in Mortgage Lending

Downloads 552 (106,001)
Citation 312

The Role of Technology in Mortgage Lending

FRB of New York Staff Report No. 836
Number of pages: 75 Posted: 21 Feb 2018
Andreas Fuster, Matthew C. Plosser, Philipp Schnabl and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Banks - Federal Reserve Bank of New York, New York University (NYU) - Department of Finance and Federal Reserve Bank of Philadelphia
Downloads 425 (143,706)
Citation 4

Abstract:

Loading...

mortgage, technology, prepayments, nonbanks

The Role of Technology in Mortgage Lending

NBER Working Paper No. w24500
Number of pages: 61 Posted: 24 Apr 2018 Last Revised: 12 Jun 2022
Andreas Fuster, Matthew C. Plosser, Philipp Schnabl and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Banks - Federal Reserve Bank of New York, New York University (NYU) - Department of Finance and Federal Reserve Bank of Philadelphia
Downloads 116 (504,399)
Citation 278

Abstract:

Loading...

The Role of Technology in Mortgage Lending

CEPR Discussion Paper No. DP12961
Number of pages: 77 Posted: 05 Jun 2018
Philipp Schnabl, Andreas Fuster, James I. Vickery and Matthew C. Plosser
New York University (NYU) - Department of Finance, École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 11 (1,265,896)
Citation 30
  • Add to Cart

Abstract:

Loading...

Financial Intermediation, Fintech, Mortgages

8.

Paying Too Much? Price Dispersion in the U.S. Mortgage Market

FEDS Working Paper No. 2020-62
Number of pages: 71 Posted: 24 Aug 2020
Neil Bhutta, Andreas Fuster and Aurel Hizmo
Federal Reserve Bank of Philadelphia, École Polytechnique Fédérale de Lausanne (EPFL) and Board of Governors of the Federal Reserve System
Downloads 526 (112,580)
Citation 1

Abstract:

Loading...

9.

The Time-Varying Price of Financial Intermediation in the Mortgage Market

Downloads 493 (121,704)
Citation 4

The Time-Varying Price of Financial Intermediation in the Mortgage Market

Journal of Finance, Forthcoming, Swiss Finance Institute Research Paper No. 23-103
Number of pages: 98 Posted: 20 Jan 2017 Last Revised: 03 Nov 2023
Andreas Fuster, Stephanie Lo and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), NDVR and Federal Reserve Bank of Boston - Research Department
Downloads 389 (159,153)
Citation 1

Abstract:

Loading...

mortgage finance, financial intermediation, monetary policy transmission, QE

The Time-Varying Price of Financial Intermediation in the Mortgage Market

FRB of Boston Working Paper No. 16-28
Number of pages: 65 Posted: 17 Mar 2017 Last Revised: 30 Aug 2017
Andreas Fuster, Stephanie Lo and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), NDVR and Federal Reserve Bank of Boston - Research Department
Downloads 73 (684,749)

Abstract:

Loading...

mortgage finance, financial intermediation, monetary policy transmission

The Time-Varying Price of Financial Intermediation in the Mortgage Market

NBER Working Paper No. w23706
Number of pages: 66 Posted: 21 Aug 2017 Last Revised: 10 Apr 2023
Andreas Fuster, Stephanie Lo and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), NDVR and Federal Reserve Bank of Boston - Research Department
Downloads 31 (1,006,818)
Citation 3

Abstract:

Loading...

10.

Does CFPB Oversight Crimp Credit?

Downloads 492 (122,005)
Citation 10

Does CFPB Oversight Crimp Credit?

FRB of New York Staff Report No. 857. Rev. July 2023.
Number of pages: 80 Posted: 20 Jun 2018 Last Revised: 02 Aug 2023
Andreas Fuster, Matthew C. Plosser and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of Philadelphia
Downloads 407 (151,199)
Citation 5

Abstract:

Loading...

consumer financial protection, regulation, mortgages, servicing, credit supply

Does CFPB Oversight Crimp Credit?

FRB of Philadelphia Working Paper No. 21-8
Number of pages: 72 Posted: 14 Jul 2021 Last Revised: 23 Sep 2021
Andreas Fuster, James I. Vickery and Matthew C. Plosser
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 84 (631,169)
Citation 5

Abstract:

Loading...

consumer financial protection, regulation, mortgages, servicing, credit supply

Does CFPB Oversight Crimp Credit?

CEPR Discussion Paper No. DP15681
Number of pages: 73 Posted: 11 Feb 2021
Andreas Fuster, Matthew C. Plosser and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of Philadelphia
Downloads 1 (1,361,613)
  • Add to Cart

Abstract:

Loading...

11.

The Rising Gap between Primary and Secondary Mortgage Rates

Economic Policy Review, Vol. 19, No. 2, 2013
Number of pages: 23 Posted: 13 Jan 2014
Andreas Fuster, Laurie S. Goodman, David O. Lucca, Laurel Madar, Linsey Molloy and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), The Urban Institute - Housing Finance Policy Center, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Banks - Emerging Markets and International Affairs Group and Federal Reserve Bank of Boston - Research Department
Downloads 443 (138,496)
Citation 4

Abstract:

Loading...

mortgages, banking

12.

Securitization and the Fixed-Rate Mortgage

FRB of New York Staff Report No. 594
Number of pages: 77 Posted: 09 Jan 2013 Last Revised: 04 Jul 2014
Andreas Fuster and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL) and Federal Reserve Bank of Philadelphia
Downloads 372 (168,891)
Citation 30

Abstract:

Loading...

mortgage finance, securitization, difference-in-differences, regression discontinuity design

13.

A Diverse Fed Can Reach Underrepresented Groups

Downloads 364 (172,981)
Citation 8

A Diverse Fed Can Reach Underrepresented Groups

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-95, LawFin Working Paper No. 21, Chicago Booth Research Paper No. 21-20, Fama-Miller Working Paper
Number of pages: 90 Posted: 09 Aug 2021 Last Revised: 11 May 2022
Francesco D'Acunto, Andreas Fuster and Michael Weber
Georgetown University, École Polytechnique Fédérale de Lausanne (EPFL) and University of Chicago - Finance
Downloads 345 (181,890)

Abstract:

Loading...

gender, race, subjective beliefs, monetary policy, trust, central bank communication, survey experiments

Diverse Policy Committees Can Reach Underrepresented Groups

NBER Working Paper No. w29275
Number of pages: 85 Posted: 20 Sep 2021 Last Revised: 29 Jun 2023
Francesco D'Acunto, Andreas Fuster and Michael Weber
Georgetown University, École Polytechnique Fédérale de Lausanne (EPFL) and University of Chicago - Finance
Downloads 19 (1,155,487)
Citation 1

Abstract:

Loading...

Diverse Policy Committees Can Reach Underrepresented Groups

CEPR Discussion Paper No. DP16563
Number of pages: 87 Posted: 22 Sep 2021
Francesco D'Acunto, Andreas Fuster and Michael Weber
Georgetown University, École Polytechnique Fédérale de Lausanne (EPFL) and University of Chicago - Finance
Downloads 0
Citation 7
  • Add to Cart

Abstract:

Loading...

14.

Biases in Information Selection and Processing: Survey Evidence from the Pandemic

Downloads 361 (174,537)
Citation 1

Biases in Information Selection and Processing: Survey Evidence from the Pandemic

SAFE Working Paper No. 307
Number of pages: 87 Posted: 10 Feb 2021
Ester Faia, Andreas Fuster, Vincenzo Pezone and Basit Zafar
Goethe University Frankfurt, École Polytechnique Fédérale de Lausanne (EPFL), Tilburg University - Department of Finance and University of Michigan at Ann Arbor
Downloads 329 (191,495)
Citation 1

Abstract:

Loading...

Belief updating, confirmatory biases, endogenous informa- tion acquisition, media polarization, source dependence, COVID-19

Biases in Information Selection and Processing: Survey Evidence from the Pandemic

NBER Working Paper No. w28484
Number of pages: 84 Posted: 22 Feb 2021 Last Revised: 05 Nov 2022
Ester Faia, Andreas Fuster, Vincenzo Pezone and Basit Zafar
Goethe University Frankfurt, École Polytechnique Fédérale de Lausanne (EPFL), Goethe University Frankfurt and University of Michigan at Ann Arbor
Downloads 30 (1,018,079)

Abstract:

Loading...

Biases in Information Selection and Processing: Survey Evidence from the Pandemic

CEPR Discussion Paper No. DP15774
Number of pages: 86 Posted: 11 Feb 2021
Ester Faia, Andreas Fuster, Vincenzo Pezone and Basit Zafar
Goethe University Frankfurt, École Polytechnique Fédérale de Lausanne (EPFL), Goethe University Frankfurt and University of Michigan at Ann Arbor
Downloads 2 (1,352,889)
  • Add to Cart

Abstract:

Loading...

15.

The Sensitivity of Housing Demand to Financing Conditions: Evidence from a Survey

FRB of New York Staff Report No. 702
Number of pages: 52 Posted: 09 Dec 2014 Last Revised: 06 Aug 2015
Andreas Fuster and Basit Zafar
École Polytechnique Fédérale de Lausanne (EPFL) and Arizona State University
Downloads 355 (177,868)
Citation 50

Abstract:

Loading...

housing demand, mortgage rates, down payment requirements, user cost model

16.

Expectations With Endogenous Information Acquisition: An Experimental Investigation

Downloads 319 (199,518)
Citation 7

Expectations With Endogenous Information Acquisition: An Experimental Investigation

Number of pages: 103 Posted: 12 Jul 2018 Last Revised: 18 Sep 2020
Andreas Fuster, Ricardo Perez-Truglia, Mirko Wiederholt and Basit Zafar
École Polytechnique Fédérale de Lausanne (EPFL), University of California, Los Angeles (UCLA), Institut d'Etudes Politiques de Paris (Sciences Po) and University of Michigan at Ann Arbor
Downloads 281 (226,567)
Citation 5

Abstract:

Loading...

Expectations, Experiment, Housing, Information Frictions, Rational Inattention

Expectations with Endogenous Information Acquisition: An Experimental Investigation

NBER Working Paper No. w24767
Number of pages: 47 Posted: 06 Jul 2018 Last Revised: 05 Mar 2023
Andreas Fuster, Ricardo Perez-Truglia and Basit Zafar
École Polytechnique Fédérale de Lausanne (EPFL), University of California, Los Angeles (UCLA) and University of Michigan at Ann Arbor
Downloads 38 (934,741)
Citation 2

Abstract:

Loading...

17.

The Rescue of Fannie Mae and Freddie Mac

Downloads 302 (211,606)
Citation 19

The Rescue of Fannie Mae and Freddie Mac

FRB Atlanta Working Paper No. 2015-2
Number of pages: 54 Posted: 13 Apr 2015
W. Scott Frame, Andreas Fuster, Joseph S. Tracy and James I. Vickery
Bank Policy Institute, École Polytechnique Fédérale de Lausanne (EPFL), National Bureau of Economic Research (NBER) and Federal Reserve Bank of Philadelphia
Downloads 137 (441,389)
Citation 3

Abstract:

Loading...

Fannie Mae, Freddie Mac, housing finance, financial crisis, government intervention

The Rescue of Fannie Mae and Freddie Mac

FRB of New York Staff Report No. 719
Number of pages: 55 Posted: 24 Mar 2015
W. Scott Frame, Andreas Fuster, Joseph S. Tracy and James I. Vickery
Bank Policy Institute, École Polytechnique Fédérale de Lausanne (EPFL), National Bureau of Economic Research (NBER) and Federal Reserve Bank of Philadelphia
Downloads 96 (579,796)

Abstract:

Loading...

Fannie Mae, Freddie Mac, housing finance, financial crisis, government intervention

The Rescue of Fannie Mae and Freddie Mac

FRB of New York Staff Report No. 719
Number of pages: 55 Posted: 18 Aug 2015
W. Scott Frame, Andreas Fuster, Joseph S. Tracy and James I. Vickery
Bank Policy Institute, École Polytechnique Fédérale de Lausanne (EPFL), National Bureau of Economic Research (NBER) and Federal Reserve Bank of Philadelphia
Downloads 69 (706,477)
Citation 16

Abstract:

Loading...

Fannie Mae, Freddie Mac, housing finance, financial crisis, government intervention

18.

Payment Size, Negative Equity, and Mortgage Default

Downloads 287 (223,233)
Citation 52

Payment Size, Negative Equity, and Mortgage Default

FRB of New York Staff Report No. 582
Number of pages: 61 Posted: 09 Dec 2012 Last Revised: 26 Jan 2015
Andreas Fuster and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL) and Federal Reserve Bank of Boston - Research Department
Downloads 245 (260,408)
Citation 7

Abstract:

Loading...

mortgage finance, delinquency, adjustable-rate mortgages, Alt-A

Payment Size, Negative Equity, and Mortgage Default

NBER Working Paper No. w19345
Number of pages: 67 Posted: 17 Aug 2013 Last Revised: 12 May 2023
Andreas Fuster and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL) and Federal Reserve Bank of Boston - Research Department
Downloads 42 (897,365)
Citation 45

Abstract:

Loading...

19.

Regulation and Risk Shuffling in Bank Securities Portfolios

FRB of New York Staff Report No. 851
Number of pages: 44 Posted: 15 Jun 2018
Andreas Fuster and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL) and Federal Reserve Bank of Philadelphia
Downloads 278 (230,628)
Citation 2

Abstract:

Loading...

bank, securities, available-for-sale, capital regulation, fair value accounting

20.

Underwater: Strategic Trading and Risk Management in Bank Securities Portfolios

Number of pages: 73 Posted: 13 Nov 2024
Andreas Fuster, Teodora Paligorova and James I. Vickery
École Polytechnique Fédérale de Lausanne (EPFL), Board of Governors of the Federal Reserve System and Federal Reserve Bank of Philadelphia
Downloads 264 (243,039)

Abstract:

Loading...

securities, gains trading, bank, capital regulation, bonds

21.

Measuring and Stress-Testing Market-Implied Bank Capital

Downloads 258 (248,766)

Measuring and Stress-Testing Market-Implied Bank Capital

Swiss Finance Institute Research Paper No. 22-11
Number of pages: 55 Posted: 28 Aug 2021 Last Revised: 26 Jan 2022
Martin Indergand, Eric Jondeau and Andreas Fuster
Swiss National Bank - Financial Stability, University of Lausanne - Faculty of Business and Economics (HEC Lausanne) and École Polytechnique Fédérale de Lausanne (EPFL)
Downloads 181 (347,861)

Abstract:

Loading...

Banking, Capital, Stress Test, Systemic Risk, Multifactor Model

Measuring and stress-testing market-implied bank capital

Swiss National Bank Working Paper No. 2/2022
Number of pages: 57 Posted: 02 Feb 2022 Last Revised: 09 Feb 2022
Andreas Fuster, Eric Jondeau and Martin Indergand
École Polytechnique Fédérale de Lausanne (EPFL), University of Lausanne - Faculty of Business and Economics (HEC Lausanne) and Swiss National Bank - Financial Stability
Downloads 77 (664,361)

Abstract:

Loading...

Banking, Capital, Stress Test, Systemic Risk, Multifactor Model

22.

How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic

Downloads 253 (253,850)
Citation 11

How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic

Swiss Finance Institute Research Paper No. 21-41
Number of pages: 108 Posted: 29 Jul 2021 Last Revised: 18 Oct 2024
Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department
Downloads 97 (575,844)

Abstract:

Loading...

mortgage, credit, financial intermediation, fintech, COVID-19, nonbanks

How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic

FEDS Working Paper No. 2021-48
Number of pages: 52 Posted: 10 Aug 2021 Last Revised: 07 Sep 2021
Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department
Downloads 54 (800,982)

Abstract:

Loading...

How Resilient is Mortgage Credit Supply? Evidence from the Covid-19 Pandemic

NBER Working Paper No. w28843
Number of pages: 77 Posted: 24 May 2021 Last Revised: 24 Apr 2022
Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department
Downloads 53 (808,201)
Citation 2

Abstract:

Loading...

How Resilient is Mortgage Credit Supply? Evidence from the Covid-19 Pandemic

FRB of Philadelphia Working Paper No. 21-20
Number of pages: 77 Posted: 02 Jun 2021 Last Revised: 23 Jul 2021
Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department
Downloads 49 (838,492)

Abstract:

Loading...

How Resilient is Mortgage Credit Supply? Evidence from the Covid-19 Pandemic

CEPR Discussion Paper No. DP16110
Number of pages: 78 Posted: 14 May 2021 Last Revised: 14 Jul 2021
Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department
Downloads 0
Citation 9
  • Add to Cart

Abstract:

Loading...

23.

Regional Heterogeneity and the Refinancing Channel of Monetary Policy

Downloads 253 (253,850)
Citation 48

Regional Heterogeneity and the Refinancing Channel of Monetary Policy

FRB of New York Staff Report No. 731
Number of pages: 73 Posted: 19 Jun 2015 Last Revised: 18 Mar 2018
Martin Beraja, Andreas Fuster, Erik Hurst and Joseph Vavra
University of Chicago, École Polytechnique Fédérale de Lausanne (EPFL), University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 153 (403,261)
Citation 47

Abstract:

Loading...

monetary policy, regional inequality, quantitative easing, mortgage refinancing

Regional Heterogeneity and Monetary Policy

NBER Working Paper No. w23270
Number of pages: 73 Posted: 27 Mar 2017 Last Revised: 30 Jan 2023
Martin Beraja, Andreas Fuster, Erik Hurst and Joseph Vavra
University of Chicago, École Polytechnique Fédérale de Lausanne (EPFL), University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 61 (753,858)
Citation 1

Abstract:

Loading...

Regional Heterogeneity and Monetary Policy

FRB of NY Staff Report No. 731
Number of pages: 68 Posted: 07 Sep 2017
Martin Beraja, Andreas Fuster, Erik Hurst and Joseph Vavra
University of Chicago, École Polytechnique Fédérale de Lausanne (EPFL), University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 39 (925,202)

Abstract:

Loading...

monetary policy, regional inequality, quantitative easing, mortgage refinancing

24.

Home Price Expectations and Behavior: Evidence from a Randomized Information Experiment

FRB of NY Staff Report No. 798
Number of pages: 61 Posted: 20 Oct 2016 Last Revised: 11 Nov 2017
Luis Armona, Andreas Fuster and Basit Zafar
Harvard University - Harvard Kennedy School (HKS), École Polytechnique Fédérale de Lausanne (EPFL) and Arizona State University
Downloads 245 (262,007)
Citation 46

Abstract:

Loading...

housing, expectation formation, information, updating

25.

$1.25 Trillion is Still Real Money: Some Facts About the Effects of the Federal Reserve’s Mortgage Market Investments

FRB of Boston Public Policy Discussion Paper No. 10-4
Number of pages: 55 Posted: 16 Oct 2010
Andreas Fuster and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL) and Federal Reserve Bank of Boston - Research Department
Downloads 216 (295,873)
Citation 36

Abstract:

Loading...

26.

How Do Mortgage Refinances Affect Debt, Default, and Spending? Evidence from HARP

FRB of New York Staff Report No. 841
Number of pages: 55 Posted: 01 Mar 2018 Last Revised: 20 Nov 2019
Joshua Abel and Andreas Fuster
Harvard University - Department of Economics and École Polytechnique Fédérale de Lausanne (EPFL)
Downloads 207 (308,060)
Citation 22

Abstract:

Loading...

mortgages, refinancing, monetary policy transmission, heterogeneity, HARP

27.

Tracking and Stress-Testing U.S. Household Leverage

Downloads 200 (319,622)
Citation 9

Tracking and Stress-Testing U.S. Household Leverage

Economic Policy Review, Issue 24-1, pp. 35-63, 2018
Number of pages: 29 Posted: 08 Oct 2018
Andreas Fuster, Benedict Guttman-Kenney and Andrew Haughwout
École Polytechnique Fédérale de Lausanne (EPFL), Rice University - Jesse H. Jones Graduate School of Business and Federal Reserve Bank of New York
Downloads 103 (552,065)
Citation 9

Abstract:

Loading...

mortgages, leverage, stress testing

Tracking and Stress-Testing U.S. Household Leverage

FRB of NY Staff Report No. 787
Number of pages: 50 Posted: 12 Aug 2016 Last Revised: 21 Sep 2017
Andreas Fuster, Benedict Guttman-Kenney and Andrew Haughwout
École Polytechnique Fédérale de Lausanne (EPFL), Rice University - Jesse H. Jones Graduate School of Business and Federal Reserve Bank of New York
Downloads 97 (579,796)

Abstract:

Loading...

mortgages, leverage, stress testing

28.

Another Hidden Cost of Incentives: The Detrimental Effect on Norm Enforcement

Downloads 199 (319,622)
Citation 5

Another Hidden Cost of Incentives: The Detrimental Effect on Norm Enforcement

FRB of Boston Working Paper No. 09-2
Number of pages: 54 Posted: 06 Mar 2009
Andreas Fuster and Stephan Meier
École Polytechnique Fédérale de Lausanne (EPFL) and Columbia University - Columbia Business School, Management
Downloads 199 (318,452)
Citation 5

Abstract:

Loading...

public goods, experimental economics, norm enforcement, hidden costs of incentives

Another Hidden Cost of Incentives: The Detrimental Effect on Norm Enforcement

Management Science, Vol. 56, No. 1, pp. 57-70, 2010
Posted: 31 Oct 2011 Last Revised: 01 Nov 2011
Andreas Fuster and Stephan Meier
École Polytechnique Fédérale de Lausanne (EPFL) and Columbia University - Columbia Business School, Management

Abstract:

Loading...

public goods, prosocial behavior, norm enforcement, hidden cost of incentives, experimental economics

29.

The Endowment Effect

Downloads 170 (368,394)
Citation 25

The Endowment Effect

NBER Working Paper No. w19384
Number of pages: 35 Posted: 30 Aug 2013 Last Revised: 19 Jun 2023
Keith M. Marzilli Ericson and Andreas Fuster
Boston University - Markets, Public Policy, and Law and École Polytechnique Fédérale de Lausanne (EPFL)
Downloads 170 (367,891)
Citation 25

Abstract:

Loading...

The Endowment Effect

Annual Review of Economics, Vol. 6, pp. 555-579, 2014
Posted: 08 Aug 2014
Keith M. Marzilli Ericson and Andreas Fuster
Boston University - Markets, Public Policy, and Law and École Polytechnique Fédérale de Lausanne (EPFL)

Abstract:

Loading...

30.

Scale Effects on Efficiency and Profitability in the Swiss Banking Sector

Swiss Finance Institute Research Paper No. 21-61
Number of pages: 46 Posted: 01 Sep 2021
Marc Blatter and Andreas Fuster
Swiss National Bank and École Polytechnique Fédérale de Lausanne (EPFL)
Downloads 144 (423,317)
Citation 1

Abstract:

Loading...

Bank efficiency, profitability, economies of scale, financial regulation

31.

Affordable housing, unaffordable credit? Concentration and high-cost lending for manufactured homes

Swiss Finance Institute Research Paper No. 25-28
Number of pages: 70 Posted: 15 Aug 2024 Last Revised: 07 Mar 2025
Sebastian Doerr and Andreas Fuster
Bank for International Settlements and École Polytechnique Fédérale de Lausanne (EPFL)
Downloads 142 (428,085)

Abstract:

Loading...

mortgage market, competition, household finance, manufactured homes, HOEPA

32.

What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans

Downloads 115 (504,736)
Citation 68

What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans

FRB of New York Staff Report No. 843
Number of pages: 65 Posted: 07 Mar 2018
Andreas Fuster, Greg Kaplan and Basit Zafar
École Polytechnique Fédérale de Lausanne (EPFL), University of Chicago - Department of Economics and Arizona State University
Downloads 71 (695,418)
Citation 16

Abstract:

Loading...

consumption, savings, marginal propensity to consume, survey

What Would You Do with $500? Spending Responses to Gains, Losses, News and Loans

NBER Working Paper No. w24386
Number of pages: 65 Posted: 12 Mar 2018 Last Revised: 18 Feb 2023
Andreas Fuster, Greg Kaplan and Basit Zafar
École Polytechnique Fédérale de Lausanne (EPFL), University of Chicago - Department of Economics and University of Michigan at Ann Arbor
Downloads 44 (879,866)
Citation 52

Abstract:

Loading...

33.

Insuring Consumption Using Income-Linked Assets

Downloads 114 (508,024)
Citation 1

Insuring Consumption Using Income-Linked Assets

FRB of Boston Working Paper No. 10-1
Number of pages: 48 Posted: 09 Mar 2010
Andreas Fuster and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL) and Federal Reserve Bank of Boston - Research Department
Downloads 76 (669,266)

Abstract:

Loading...

Income Risk, Risk Sharing, Portfolio Choice, Financial Innovation

Insuring Consumption Using Income-Linked Assets

NBER Working Paper No. w15829
Number of pages: 46 Posted: 22 Mar 2010 Last Revised: 03 Apr 2022
Andreas Fuster and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL) and Federal Reserve Bank of Boston - Research Department
Downloads 38 (934,741)
Citation 1

Abstract:

Loading...

34.

Nothing to hide? Gender and age differences in willingness to share data

Swiss Finance Institute Research Paper No. 24-99
Number of pages: 35 Posted: 26 Apr 2024 Last Revised: 13 Mar 2025
Olivier Armantier, Sebastian Doerr, Jon Frost, Andreas Fuster and Kelly Shue
Chapman University - Economic Science Institute, Bank for International Settlements, Bank for International Settlements (BIS), École Polytechnique Fédérale de Lausanne (EPFL) and Yale School of Management
Downloads 98 (566,404)
Citation 1

Abstract:

Loading...

data, privacy, CCPA, fintech, big tech, survey of consumer expectations

35.

Internet Appendix: How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic

Number of pages: 26 Posted: 20 Jul 2021
Andreas Fuster, Aurel Hizmo, Lauren Lambie-Hanson, James I. Vickery and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL), Federal Reserve Board, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Boston - Research Department
Downloads 75 (664,246)

Abstract:

Loading...

COVID-19, Mortgages and credit, financial intermediation, fintech

36.

The Rescue of Fannie Mae and Freddie Mac

FRB Atlanta Working Paper No. 2015-2
Posted: 12 Jul 2021 Last Revised: 29 Jul 2021
W. Scott Frame, Andreas Fuster, Joseph S. Tracy and James I. Vickery
Bank Policy Institute, École Polytechnique Fédérale de Lausanne (EPFL), National Bureau of Economic Research (NBER) and Federal Reserve Bank of Philadelphia
Downloads 66

Abstract:

Loading...

37.

Natural Expectations, Macroeconomic Dynamics, and Asset Pricing

NBER Working Paper No. w17301
Number of pages: 73 Posted: 29 Aug 2011 Last Revised: 10 Apr 2023
Andreas Fuster, Benjamin Hebert and David Laibson
École Polytechnique Fédérale de Lausanne (EPFL), Stanford University and Harvard University - Department of Economics
Downloads 64 (722,105)
Citation 42

Abstract:

Loading...

38.

Survey Experiments on Economic Expectations

NBER Working Paper No. w29750
Number of pages: 37 Posted: 14 Feb 2022 Last Revised: 16 Apr 2023
Andreas Fuster and Basit Zafar
École Polytechnique Fédérale de Lausanne (EPFL) and University of Michigan at Ann Arbor
Downloads 42 (875,460)

Abstract:

Loading...

39.

Tiers of Joy? Reserve Tiering and Bank Behavior in a Negative-Rate Environment

CEPR Discussion Paper No. DP16191
Number of pages: 50 Posted: 14 Jul 2021
Andreas Fuster, Tan Schelling and Pascal Towbin
École Polytechnique Fédérale de Lausanne (EPFL), Swiss National Bank and Swiss National Bank
Downloads 1 (1,302,240)
Citation 4
  • Add to Cart

Abstract:

Loading...

40.

Insuring Consumption Using Income-Linked Assets

FRB of Boston Working Paper No. 10-1
Posted: 12 Jul 2021 Last Revised: 11 Jul 2021
Andreas Fuster and Paul Willen
École Polytechnique Fédérale de Lausanne (EPFL) and Federal Reserve Bank of Boston - Research Department

Abstract:

Loading...

41.

Another Hidden Cost of Incentives: The Detrimental Effect on Norm Enforcement

FRB of Boston Working Paper No. 09-2
Posted: 12 Jul 2021 Last Revised: 11 Jul 2021
Andreas Fuster and Stephan Meier
École Polytechnique Fédérale de Lausanne (EPFL) and Columbia University - Columbia Business School, Management

Abstract:

Loading...