Academic Publications

"Wealth Effects and Macroeconomic Dynamics, " with Daniel Cooper, in Journal of Economic Surveys (September 2014). Working paper version available at: http://onlinelibrary.wiley.com/doi/10.1111/joes.12090/epdf.

"The Relationship Between Leverage and Household Spending Behavior: Evidence from the 2007-2009 Survery of Consumer Finances," with Wendy Edelberg, in Federal Reserve Bank of St. Louis Review, vol. 95 (Septenber/October 2013).  Available at: https://files.stlouisfed.org/files/htdocs/publications/review/13/09/SepOct13CvrTOC.pdf.

"The Evolution of Household Income Volatility." The B.E. Journal of Economic Analysis & Policy: Advances (December 2012). Available as working paper at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2138990.

"Changing Retirement Behavior in the Wake of the Financial Crisis," with Julia Coronado, in Olivia Mitchell, ed., Reshaping Retirement Security: Lessons from the Global Financial Crisis, Oxford: Oxford University Press (September 2012). Available as working paper at: http://pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2015/09/PRC-WP2011-07-Coronado-Dynan.pdf.

"Is a Household Debt Overhang Holding Back Consumption?" Brookings Papers on Economic Activity (Spring 2012). Available at: 
https://www.brookings.edu/wp-content/uploads/2016/06/2012a_Dynan.pdf.

"The Government's Role in the Housing Finance System: Where Do we Go From Here?" with Ted Gayer, in Martin Baily, ed., The Future of Housing Finance, Washington, DC: Brookings Institution Press (2011).  Available at: https://www.brookings.edu/research/the-governments-role-in-the-housing-finance-system-where-do-we-go-from-here/.

"Comment on Inflation Dynamics and the Great Recession," Brookings Papers on Economic Activity (Spring 2011). Available at: https://muse-jhu-edu.ezp-prod1.hul.harvard.edu/article/449775.

"The Incentives of Mortgage Servicers and Designing Loan Modifications to Address the Mortgage Crisis," with Larry Cordell, Andreas Lehnert, Nellie Liang, and Eileen Mauskopf, in Robert W. Kolb, ed., Lessons From the Financial Crisis: Causes, Consequences, and Our Economic Future, Hoboken, NJ: John Wiley & Sons, Inc. (2010).

"Changing Household Financial Opportunities and Economic Security," Journal of Economic Perspectives, vol. 23 (Fall 2009). Available at: https://www-aeaweb-org.ezp-prod1.hul.harvard.edu/articles?id=10.1257/jep.23.4.49.

"Designing Loan Modifications to Address the Mortgage Crisis and the Making Home Affordable Program," with Larry Cordell, Andreas Lehnert, Nellie Liang, and Eileen Mauskopf, Uniform Commercial Code Law Journal, vol. 42 (November 2009).  Available at: https://www.brookings.edu/research/designing-loan-modifications-to-address-the-mortgage-crisis-and-the-making-home-affordable-program/.

"The Incentives of Mortgage Servicers: Myths and Realities," with Larry Cordell, Andreas Lehnert, Nellie Liang, and Eileen Mauskopf, Uniform Commercial Code Law Journal, vol. 41 (Spring 2009).  Available at: https://www.federalreserve.gov/pubs/feds/2008/200846/200846abs.html.

"The effects of Population Aging on the Relationship among Aggregate Consumption, Saving, and Income," with Wendy Edelberg and Michael G. Palumbo, American Economic Review, vol. 99 (May 2009). Available at: https://www-aeaweb-org.ezp-prod1.hul.harvard.edu/articles?id=10.1257/aer.99.2.380.

"The Rise in U.S. Household Indebtedness: Causes and Consequences," with Donald L. Kohn, in Christopher Kent and Jeremy Lawson, eds., The Structure and Resilience of the Financial System, Proceedings of a Conference, Reserve Bank of Australia, Sydney (2007).  Available as working paper at: https://www.federalreserve.gov/pubs/feds/2007/200737/200737abs.html.

"Increasing Income Inequality, External Habits, and Self-Reported Happiness," with Enrichetta Ravina, American Economic Review, vol. 97 (May 2007). Available at: https://www-aeaweb-org.ezp-prod1.hul.harvard.edu/articles?id=10.1257/aer.97.2.226.

"Can Financial Innovation Explain the Reduced Volatility of Economic Activity?," with Douglas W. Elmendorf and Daniel Sichel, Journal of Monetary Economics, vol. 53 (January 2006). Available at: https://doi.org/10.1016/j.jmoneco.2005.10.012.

"Do the Rich Save More?," with Jonathan Skinner and Steve Zeldes, Journal of Political Economy, vol. 112 (April 2004). 

"Recent Changes to a Measure of U.S. Household Debt Service," with Kathleen Johnson and Karen Pence, Federal Reserve Bulletin, vol. 89 (October 2003). Available at: http://www.heinonline.org.ezp-prod1.hul.harvard.edu/HOL/Page?handle=hein.journals/fedred89&id=1149&collection=tera&index=journals/fedred.

"Unemployment Risk and Precautionary Wealth: Evidence from Households' Balance Sheets," with Christopher D. Carroll and Spencer D. Krane, Review of Economics and Statistics, vol. 85 (August 2003). Available at: https://www-mitpressjournals-org.ezp-prod1.hul.harvard.edu/doi/abs/10.1162/003465303322369740.

"Mortgage Refinancing in 2001 and Early 2002," with Glenn Canner and Wayne Passmore, Federal Reserve Bulletin, vol. 88 (December 2002). Available at: https://www.federalreserve.gov/pubs/bulletin/2002/1202lead.pdf.

"The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer," with Jonathan Skinner and Stephen P. Zeldes, American Economic Review, vol. 92 (May 2002). Available at: https://www-aeaweb-org.ezp-prod1.hul.harvard.edu/articles?id=10.1257/000282802320189393.

"Survey of Finance Companies, 2000," with Kathleen W. Johnson and Samuel M. Slowinski, Federal Reserve Bulletin, vol.88 (January 2002). Available at: https://www.federalreserve.gov/pubs/bulletin/2002/0102lead.pdf.

"Habit Formation in Consumer Preferences: Evidence from Panel Data," American Economic Review, vol. 90 (June 2000). Available at: https://www-aeaweb-org.ezp-prod1.hul.harvard.edu/articles?id=10.1257/aer.90.3.391.

"The Underrepresentation of Women in Economics: A Study of the Undergraduate Economics Students," with Cecilia Rouse, Journal of Economic Education, vol. 28 (Autumn 1997). Available at: http://www.jstor.org.ezp-prod1.hul.harvard.edu/stable/1183419?seq=1#page_scan_tab_contents.

"How Prudent Are Consumers?" Journal of Political Economy, vol. 101 (December 1993). Available at: http://www.jstor.org.ezp-prod1.hul.harvard.edu/stable/2138573?seq=1#page_scan_tab_contents.