We show that a contraction of mortgage supply after the Great Recession has increased
housing rents. Our empirical strategy exploits heterogeneity in MSAs' exposure to regulatory …

Using an instrumental variables analysis, we show that systemically important US banks
have increased their propensity to deny mortgage applications. Tighter mortgage standards …

The Accommodation Supplement (AS) is a means-tested direct cash allowance to assist low-
and middle-income households in the private residential market in New Zealand. Generally …

This dissertation consists of three essays that investigate the relationship between financial
intermediaries, households, and real activity. In the first chapter, Pedro Gete and I show how …