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Benjamin J. Keys
Researcher at University of Pennsylvania
Publications - 63
Citations - 2740
Benjamin J. Keys is an academic researcher from University of Pennsylvania. The author has contributed to research in topics: Credit card & Interest rate. The author has an hindex of 23, co-authored 62 publications receiving 2331 citations. Previous affiliations of Benjamin J. Keys include University of Michigan & University of Chicago.
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Interest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging
Marco Di Maggio,Amir Kermani,Benjamin J. Keys,Tomasz Piskorski,Rodney Ramcharan,Amit Seru,Vincent W. Yao +6 more
TL;DR: In this paper, the authors exploit variation in the timing of resets of adjustable-rate mortgages (ARMs) to find that a sizable decline in mortgage payments (up to 50 percent) induces a significant increase in c...
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Financial Regulation and Securitization: Evidence from Subprime Loans
TL;DR: In this article, the authors examine the consequences of existing regulations on the quality of mortgage loans originations in the originate to distribute (OTD) market and conclude that market forces rather than regulation may have been more effective in mitigating moral hazard in the OTD market.
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Lender Screening and the Role of Securitization: Evidence from Prime and Subprime Mortgage Markets
TL;DR: In this article, the authors examined the link between mortgage securitization and lender screening during the boom and bust of the U.S. housing market and found that the change in decision-making by subprime lenders occurs on dimensions that are unreported to investors.
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Financial regulation and securitization: Evidence from subprime loans $
TL;DR: In this paper, the authors examine the consequences of existing regulations on the quality of mortgage loans originations in the originate-to-distribute (OTD) market and find that the quality varies inversely with the amount of regulation: more regulated lenders originate loans of worse quality.
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Failure to Refinance
TL;DR: In this article, a large random sample of outstanding U.S. mortgages in December of 2010 was used to estimate that approximately 20% of households for whom refinancing would be optimal and who appeared unconstrained to do so, had not taken advantage of the lower rates.