Joseph Nichols

Board of Governors of the Federal Reserve System

Economist

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

SCHOLARLY PAPERS

14

DOWNLOADS

1,654

SSRN CITATIONS
Rank 18,044

SSRN RANKINGS

Top 18,044

in Total Papers Citations

64

CROSSREF CITATIONS

6

Scholarly Papers (14)

What is Subordination About? Credit Risk and Subordination Levels in Commercial Mortgage-Backed Securities (CMBS)

Journal of Real Estate Finance and Economics, Forthcoming
Number of pages: 40 Posted: 19 Nov 2010 Last Revised: 21 Jul 2015
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Wisconsin School of Business, University of Wisconsin-Madison, Board of Governors of the Federal Reserve System and George Mason University - School of Business
Downloads 317 (164,348)
Citation 5

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What is Subordination About? Credit Risk and Subordination Levels in Commercial Mortgage-Backed Securities (CMBS)

Journal of Real Estate Finance and Economics, Vol. 51, No. 2, 2015
Posted: 04 Sep 2015
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Wisconsin School of Business, University of Wisconsin-Madison, Board of Governors of the Federal Reserve System and George Mason University - School of Business

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Commercial mortgage-backed securities (CMBS); Subordination; Credit risk; Credit rating agency (CRA)

2.

Commercial Real Estate Loan Performance at Failed U.S. Banks

Midwest Finance Association 2012 Annual Meetings Paper
Number of pages: 36 Posted: 14 Sep 2011
Joseph Nichols and Andrew Felton
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 289 (182,286)

Abstract:

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commercial real estate, banks, mortgages

3.

Commercial and Residential Land Prices Across the United States

FEDS Working Paper No. 16
Number of pages: 52 Posted: 11 Mar 2011
American Enterprise Institute, Board of Governors of the Federal Reserve System and J.P. Morgan Chase & Co.
Downloads 253 (208,382)
Citation 2

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Price index, Land, Residential, Commercial

4.

Differences Across Originators in CMBS Loan Underwriting

Number of pages: 35 Posted: 19 Mar 2011
DePaul University - Driehaus College of Business, Federal Reserve Board of Governors, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 135 (362,898)
Citation 5

Abstract:

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Commercial Mortgage Backed Securities, Organizational Type, Moral Hazard

Safe Collateral, Arm's-Length Credit: Evidence from the Commercial Real Estate Market

Number of pages: 43 Posted: 09 Nov 2017
Lamont Black, John Krainer and Joseph Nichols
DePaul University - Driehaus College of Business, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 58 (628,294)
Citation 1

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banks, collateral, securitization, commercial real estate

Safe Collateral, Arm's-Length Credit: Evidence from the Commercial Real Estate Mortgage Market

FEDS Working Paper No. 2017-056
Number of pages: 42 Posted: 30 May 2017
Lamont Black, John Krainer and Joseph Nichols
DePaul University - Driehaus College of Business, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 72 (559,565)
Citation 3

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Collateral, Commercial banking, Commercial real estate, Securitization

Intermediary Segmentation in the Commercial Real Estate Market

FEDS Working Paper No. 2019-79
Number of pages: 54 Posted: 27 Nov 2019
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 73 (555,132)
Citation 6

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Intermediary Segmentation in the Commercial Real Estate Market

Number of pages: 53 Posted: 27 Nov 2019
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 50 (674,515)

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commercial real estate, life insurers, segmentation

Recourse as Shadow Equity: Evidence from Commercial Real Estate Loans

FEDS Working Paper No. 2021-79
Number of pages: 32 Posted: 29 Dec 2021
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Bank of Cleveland and Board of Governors of the Federal Reserve System
Downloads 72 (559,565)
Citation 2

Abstract:

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Commercial real estate, Recourse, LTV

Recourse as Shadow Equity: Evidence from Commercial Real Estate Loans

FRB of Cleveland Working Paper No. 21-20
Number of pages: 32 Posted: 28 Sep 2021 Last Revised: 21 Dec 2021
Federal Reserve Bank of Cleveland , Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 32 (803,624)

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commercial real estate, recourse, LTV

8.

Determinants of Losses on Construction Loans: Bad Loans, Bad Banks, or Bad Markets?

FDIC Center for Financial Research Paper No. 2021-07
Number of pages: 60 Posted: 27 Aug 2021 Last Revised: 29 Sep 2021
Emily Johnston Ross, Joseph Nichols and Lynn Shibut
Federal Deposit Insurance Corporation (FDIC), Board of Governors of the Federal Reserve System and affiliation not provided to SSRN
Downloads 87 (494,371)
Citation 1

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ADC, Construction Loan, LGD, CRE

9.

Swings in Commercial and Residential Land Prices in the United States

AEI Economic Policy Working Paper 2012-03
Number of pages: 63 Posted: 21 Feb 2013
Board of Governors of the Federal Reserve System, American Enterprise Institute and J.P. Morgan Chase & Co.
Downloads 85 (501,574)
Citation 15

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10.

Consumption Responses to Permanent and Transitory Shocks to House Appreciation

FEDS Working Paper No. 2010-32
Number of pages: 40 Posted: 19 Mar 2011
Joseph Nichols and Juan Contreras
Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 83 (508,764)
Citation 6

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Life cycle, marginal propensity to consume, house prices

11.

Nominal Mortgage Contracts and the Effects of Inflation on Portfolio Allocation

FEDS Working Paper No. 2007-67
Number of pages: 50 Posted: 17 Jul 2008
Joseph Nichols
Board of Governors of the Federal Reserve System
Downloads 48 (672,197)

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Mortgages, inflation, portfolio allocation, life-cycle

12.

Nonresidential Construction Spending is Likely Not as Weak as it Seems

FEDS Notes No. 2023-03-24-1
Posted: 12 May 2023
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Independent

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13.

From Origination to Renegotiation: A Comparison of Portfolio and Securitized Commercial Real Estate Loans

Journal of Real Estate Finance and Economics, Vol. 55, No. 1, 2017
Posted: 07 Jul 2017
Lamont Black, John Krainer and Joseph Nichols
DePaul University - Driehaus College of Business, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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Securitization; CMBS; Commercial banks; Asymmetric information

14.

Local Traits and Securitized Commercial Mortgage Default

Journal of Real Estate Finance and Economics, Vol. 47, No. 4, 2013
Posted: 15 Nov 2013
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Wisconsin School of Business, University of Wisconsin-Madison, Board of Governors of the Federal Reserve System and George Mason University - School of Business

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Default risk; CMBS loan; Local trait; Hazard model