Paul Willen
Biographic Data
| ID | 5849950 |
|---|---|
| NAME | Paul Willen |
| GIVEN NAMES | Paul |
| FAMILY NAME | Willen |
| SIGNATURE | WILLEN P |
| AFFILIATIONS | Federal Reserve Bank of Boston |
| VERIFIED | No |
| TOTAL WORKS | 9 |
| TOTAL CITATIONS | 40 |
| WORKS AS AUTHOR | 9 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2006 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 3 |
JUE Insight
Full Journal
The theme of Issue 34 of the Humboldt Journal of Social Relations is Social Justice Action, Teaching, and Research. The first article of this issue, "The Art of Social Justice," features the works of a slam poet, Vanessa Pike-Vrtiak, an activist artist, Eduardo Valadez, and an overview of the social science literature capturing the role of art in social justice movements. The two artists featured are both active in their communities and worldwide…
Evaluating the Benefits of a Streamlined Refinance Program
Mortgage borrowers who have experienced employment disruptions as a result of the COVID-19 pandemic are unable to refinance their loans to take advantage of historically low market rates. In this article, we analyze the effects of a streamlined refinance program for government-insured loans that would allow borrowers to refinance without needing to document employment or income. In addition, we consider a cash-out component that would allow borro…
Foreclosure externalities
Do borrower rights improve borrower outcomes? Evidence from the foreclosure process
Understanding the foreclosure crisis
Decoding misperceptions
Negative equity and foreclosure
Borrowing Costs and the Demand for Equity over the Life Cycle
We construct a life cycle model that delivers realistic behavior for both equity holdings and borrowing. The key model ingredient is a wedge between the cost of borrowing and the risk-free investment return. Borrowing can either raise or lower equity demand, depending on the cost of borrowing. A borrowing rate equal to the expected return on equity—which we show roughly matches the data—minimizes the demand for equity. Alternative models with no …
Borrowing Costs and the Demand for Equity over the Life Cycle
We construct a life cycle model that delivers realistic behavior for both equity holdings and borrowing. The key model ingredient is a wedge between the cost of borrowing and the risk-free investment return. Borrowing can either raise or lower equity demand, depending on the cost of borrowing. A borrowing rate equal to the expected return on equity—which we show roughly matches the data—minimizes the demand for equity. Alternative models with no …
Negative equity and foreclosure
Understanding the foreclosure crisis
Decoding misperceptions
Do borrower rights improve borrower outcomes? Evidence from the foreclosure process
Foreclosure externalities
Evaluating the Benefits of a Streamlined Refinance Program
Mortgage borrowers who have experienced employment disruptions as a result of the COVID-19 pandemic are unable to refinance their loans to take advantage of historically low market rates. In this article, we analyze the effects of a streamlined refinance program for government-insured loans that would allow borrowers to refinance without needing to document employment or income. In addition, we consider a cash-out component that would allow borro…
Full Journal
The theme of Issue 34 of the Humboldt Journal of Social Relations is Social Justice Action, Teaching, and Research. The first article of this issue, "The Art of Social Justice," features the works of a slam poet, Vanessa Pike-Vrtiak, an activist artist, Eduardo Valadez, and an overview of the social science literature capturing the role of art in social justice movements. The two artists featured are both active in their communities and worldwide…
JUE Insight
Economics (7 works) · Housing Market and Economics (7 works) · Financial Literacy, Pension, Retirement Analysis (6 works) · Housing, Finance, and Neoliberalism (5 works) · Finance (4 works) · Foreclosure (4 works) · Political science (4 works) · Actuarial science (3 works) · Business (3 works) · Finance (3 works)