Faculty News

Professors Alexi Savov and Philipp Schnabl's joint research on monetary policy and the housing boom is cited

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Excerpt from Brookings Institute blog -- "Itamar Drechsler of the University of Pennsylvania and Philipp Schnabl and Alexi Savov of New York University say instead that the Fed’s tightening between 2003 and 2006 shifted mortgage lending from the heavily regulated commercial banks to nonbank mortgage originators, which had lower lending standards."

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