Adam Guren
guren@bu.edu

Boston University
Department of Economics
270 Bay State Road
Boston, MA 02215
Office: Room 406
Tel: (617) 353-4534

Fall 2024
Tu 2-3:30,
Th 9:30-10:45,
and by appointment

Adam Guren

Associate Professor of Economics, BU

and Research Associate, NBER

Kilachand Honors College Econ 103:
     Freshman Seminar "Housing Policy: An Economic Perspective", Fall 2018, Spring 2020-2022, 2024
     Syllabus, Spring 2024

Econ 502: Macroeconomics (Masters), Spring 2015-7
     Syllabus, Spring 2017

Econ 704: Macroeconomic Theory (1st Year Ph.D.), Spring 2016-2024
     Monetary Economics Module
     Syllabus, Spring 2024
     Slides, Spring 2024
     Slides are a public good. Please e-mail me if you find typos and before referencing or using for a class.

Econ 742: Topics in Macroeconomics (2nd Year Ph.D.), Spring 2015-8, Fall 2018, Spring 2020-2024
     Macro Models and Questions with Micro Data and Methods. Focusing on:
         1. Regional, Firm, and Household Variation in Macro
         2. Heterogenous Agent New Keynesian Models
         2. Price Setting and Nominal Rigidity (in bonus materials, no longer taught)
         4. Labor Markets (in bonus materials, no longer taught)
     Syllabus, Spring 2024 Reading List, Spring 2024
     Slides, Spring 2024
     Slides are a public good. Please e-mail me if you find typos and before referencing or using for a class.

Public Goods

These are often requested and my write ups are public goods. Feel free to share as long as you cite them. Job Market Advice
NEW AND UPDATED PhD Admissions Advice
How To Give a Lunch Talk (For Graduate Students)

RESEARCH

Working Papers

REVISED "Do Credit Conditions Move House Prices?"
     with Daniel L. Greenwald. February 2024.
     Conditionally Accepted, American Economic Review.
     NBER WP # 29391.

"The Effect of Foreclosures on Homeowners, Tenants and Landlords"
    with Rebecca Diamond and Rose Tan. June 2020.

Non-Academic Policy Reports

NEW "Report on the Potential Impacts of Property Tax Abatement on Rental Housing Construction in Boston"
with Patricia Alejandro, Mary Ellen Carter, Denise DiPasquale, Edward Glaeser, and Paul Willen
Report for the City of Boston. Boston Fed Working Paper 24-1.

Publications

"The 2000s Housing Boom With 2020 Hindsight: A Neo-Kindlebergerian View"
     with Gabriel Chodorow-Reich and Tim McQuade.
     Review of Economic Studies. March 2024: 785-816.
     Published Version Replication Package

"Discussion of ‘What Have They Been Thinking? Homebuyer Behavior in Hot and Cold Markets – A Ten-Year Retrospect’"
     May 2022. Brookings Papers on Economic Activity Spring 2022. Published Version

"Making the House a Home: The Stimulative Effect of Home Purchases on Consumption and Investment"
     with Effraim Benmelech and Brian T. Melzer.
     Review of Financial Studies. January 2023: 122-154. Published Version

"What Do We Learn From Cross-Regional Empirical Estimates in Macroeconomics?"
     with Alisdair McKay, Emi Nakamura, and Jon Steinsson. April 2020.
     NBER Macroeconomics Annual 2020. Volume 35: 175-223. Published Version

"Housing Wealth Effects: The Long View"
     with Alisdair McKay, Emi Nakamura, and Jon Steinsson.
     Review of Economic Studies. March 2021: 669-707. Published Version
     Local House Price Sensitivities (ZIP file for download)

"Mortgage Design in an Equilibrium Model of the Housing Market"
     with Arvind Krishnamurthy and Tim McQuade.
     Journal of Finance. February 2021: 113-168. Published Version

"How Do Foreclosures Exacerbate Housing Downturns?"
     with Tim McQuade. November 2019.
     Review of Economic Studies May 2020: 1331-1364. Published Version

"House Price Momentum and Strategic Complementarity" November 2016. Online Appendix
     Journal of Political Economy June 2018: 1172-1218. Published Version
     This replaces "The Causes and Consequences of House Price Momentum," which can be found here

"Trade Dynamics With Sector-Specific Human Capital" with David Hemous and Morten Olsen
     Journal of International Economics September 2015: 126-147.

"Does Indivisible Labor Explain the Difference between Micro and Macro Elasticities? A
Meta-Analysis of Extensive Margin Elasticities" with Raj Chetty, Day Manoli, and Andrea Weber
     NBER Macroeconomics Annual 2012 University of Chicago Press, 2013: 1-56.

"Are Micro and Macro Labor Supply Elasticities Consistent? A Review of Evidence on
the Intensive and Extensive Margins" with Raj Chetty, Day Manoli, and Andrea Weber
     American Economic Review Papers and Proceedings May 2011: 471-5.