It's that time of the year where new PhD students have to figure out how to do research. Luckily, the profession has put together a lot of resources to help us all become better researchers, and you can find my collected list of resources here:

RT @OxfordFrom: Are you, or do you have, a PhD student who plans to be on the market this fall and works on a topic related to real estate?….

RT @MatthiasMeier1: 📢Call for Papers📢. 𝗪𝗼𝗿𝗸𝘀𝗵𝗼𝗽 𝗼𝗻 𝗙𝗶𝗿𝗺 𝗛𝗲𝘁𝗲𝗿𝗼𝗴𝗲𝗻𝗲𝗶𝘁𝘆 𝗮𝗻𝗱 𝗠𝗮𝗰𝗿𝗼𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀. 📝Bonn, December 11-12. 🚨Fantastic keynote speaker….

RT @LisbonMacro: 📢 Calling all macroeconomists! 📢. The 4th Lisbon Macro Workshop is happening on August 29-30! 🏛️.✨ Submit your paper by Ap….

RT @kuhnmo: To all econ students on the market and advisors: I am thinking about filling an additional postdoc position at @EconUniMannheim….

RT @KarstenMueIIer: 🚨 New Paper and Public Good🚨. "The Global Macro Database: A New International Macroeconomic Dataset", joint with @chenz….

RT @MatthiasMeier1: How managers are paid shapes their investment decisions and drives long-term productivity in firms. New research on ma….

Open access link: The paper is joint work with Chandler Luts!.

In fact, there are many good reasons to believe that interest-only mortgages help stabilize consumption and housing markets, once they are available.

A final note on interpreting the results: Our study says that the **introduction** of a new mortgage product that half of Danish homeowners were using 4 years later had a large impact on house prices. This does not mean that interest-only mortgages make house prices more volatile.

Importantly, this implies that mortgage innovation (often about the amortization payment) will impact house price dynamics. We also argue that mortgage innovation also cause house price expectations to rise, which further increases house prices.

We show that house prices rose more rapidly in areas where such products were more valuable. The basic idea is that if your house is relatively inexpensive, then amortization payment will be small, and you might not need an interest-only mortgage.

Interest-only mortgages went from 0 to 50 percent of **outstanding** mortgage debt, a remarkable transformation of the market. Danish borrowers really liked these products!

We argue that the introduction of interest-only mortgages in Denmark in 2003 led to a rapid rise in house prices. These products allowed borrowers to reduce amortization payments, thereby reducing monthly payments by about 20%.

Very happy to see our paper on interest-only mortgages and house prices in @JUrbanEcon!. From 2003 to 2006, Danish house prices increased by 60 percent, in a robust regulatory design that limits housing speculation. This was a larger increase than in the US, Spain, or Ireland!

RT @femonomics: Hey #econtwitter! Dropping back over to tell you about a great Wharton job candidate! Xian Ng studies whether households ar….

@handelsblatt Full paper is here:

Today, we have an article in @handelsblatt about our paper on financial advice to family and friends. Giving financial advice to family and friends is risky, and we argue that this leads to generally good advice!

RT @dorotheafrenkel: 🚨💃🏻 PLEASE SHARE💃🏻🚨. Im on the JM 2 move closer 2 family in Lyon- all jobs with direct flight / train to Lyon are inte….

You can find lots of tips on writing, finding ideas, publishing, being productive, presentations, etc, on my website: