Lu Liu
@luliu_fin
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Assistant Professor of Finance @Wharton, studying housing, mortgages, household finance. Via @uni_tue, @UniofOxford, @MITSloan, @imperialcollege.
Joined June 2023
🚨Recent working paper🚨with @JuliaAFonseca Paper summary: when current mortgage rates are higher than locked-in rates, households do not want to move and forego better-paid jobs, reducing housing market liquidity. 1/n
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Come join us for the #ASSA2025 session on Mortgage Lock-In today at 10:15h! @SVNieuwerburgh @JuliaAFonseca @dhzecon @VadimElenev @alz_zyd_
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RT @sc_cath: 🧵My coauthor James Paron is on the market! .His paper reconciles apparently contradictory trends since 1970:.📉declining econom….
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RT @_SiLviA_mA: ‼️ The NYFED is hiring ‼️. Candidates with expertise in monetary/international macro & econometrics/time series. Come work….
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RT @SashaIndarte: We’re hiring pre-docs! . Gideon Bornstein, Sergio Salgado, and I are accepting applications for a full-time pre-doc. Work….
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RT @livskim: New paper alert 🚨. Are firms with financial slack truly unconstrained? How do SMEs manage financing over time, and what is the….
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RT @SashaIndarte: 📢 Submit your best papers in household finance! 📢. We welcome submissions using or related to innovative data in househol….
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RT @JP_Halll: We are proud to announce the Third annual Georgia Tech-Federal Reserve Bank of Atlanta Household Finance Conference! . https:….
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RT @alz_zyd_: A bunch of faculty are hiring full-time RAs, for starting next summer 2025, at Booth! Here's the posting! If you're a student….
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RT @livskim: 🚨 Come work at @HarvardHBS!. You'll work on exciting projects related to household finance and corporate finance, receive ment….
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And no offense to Ryanair… I think part of the problem is the arbitrary enforcement and consequences of some airline rules, and that they keep changing, which only cheap airlines used to enforce and so you pay for add ons. But out of the blue #Lufthansa was there with scales out.
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RT @willmatchamecon: 💳💳💳💳. I recently finished a revision of my paper on how credit card lenders set credit limits:. 💳💳💳💳 .
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RT @whartonknows: Why have mortgage rates fallen & what does it mean for the future? Prof. @LuLiu_Fin spoke with @ABCNews to lead this week….
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RT @wdiamond_econ: Excited to finally see this article with @yiming__ma. and @ProfJiang in print! We show that each dollar of bank reserv….
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📢📢! New working paper + podcast alert !📢📢 .We study the equilibrium effects of mortgage lock-in on house prices, mobility, and homeownership. See thread by @JuliaAFonseca @pgmabille.
I was excited to go back on @theindicator .@planetmoney to talk about a brand new paper with @luliu_fin and @pgmabille ! Mortgage rates have risen sharply from historically low levels while house prices and rents have remained stable. We show mortgage lock-in can explain this.
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RT @mjmill611: Really excited that this paper has finally found a home! See awesome thread by @sc_cath for a summary.
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Interesting findings, raises questions on how independent monetary policy can be from fiscal linkages in the Euro Area?.
How do asset purchases work? I am glad that our paper on that issue has just been accepted at the @JofFinance . Here is a short 🧵.1/n (n=8)
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We updated our paper on mortgage lock-in, with data up to 2024 and new results!.
@luliu_fin and I updated our mortgage lock-in paper to show that a 1 p.p. decline in the difference between mortgage rates locked in at origination and current rates reduces moving by 16% between 2022-2024, compared to 9% between 2010-2024.
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