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1 | 1 | --- |
2 | 2 | --- |
3 | 3 |
|
4 | | -@string{aps = {American Physical Society,}} |
5 | 4 |
|
6 | | -@book{einstein1920relativity, |
7 | | - title={Relativity: the Special and General Theory}, |
8 | | - author={Einstein, Albert}, |
9 | | - year={1920}, |
10 | | - publisher={Methuen & Co Ltd}, |
11 | | - html={relativity.html} |
| 5 | +@Unpublished{HalketLoewensteinWillen2023, |
| 6 | + author = {Jonathan Halket and Lara Loewenstein and Paul Willen}, |
| 7 | + title = {The Cross-section of Housing Returns}, |
| 8 | + year = {2023}, |
| 9 | + abstract = {We document large systematic variations in the return to single-family residential property within U.S. metropolitan areas. Areas with low income, low credit scores or high shares of black residents have higher yields and therefore higher returns. Yield spreads between low credit areas and high credit areas widened considerably during periods when the opportunity cost of credit widened most for low credit borrowers. The relationship between the local cost of credit and local expected returns also causes the areas with higher returns to also have higher risk, in sample. However we argue that the excess return that some areas earn is not purely compensation for bearing extra risk but is rather evidence for segmented housing markets where different local discount rates price local assets.}, |
| 10 | + pdf = {http://halket.com/assets/pdf/Total_Returns_to_Land230728.pdf}, |
| 11 | + keywords = {Housing returns, Market Segmentation, Credit Constraints}, |
| 12 | + bibtex_show={true} |
12 | 13 | } |
13 | 14 |
|
14 | | -@book{einstein1956investigations, |
15 | | - bibtex_show={true}, |
16 | | - title={Investigations on the Theory of the Brownian Movement}, |
17 | | - author={Einstein, Albert}, |
18 | | - year={1956}, |
19 | | - publisher={Courier Corporation}, |
20 | | - preview={brownian-motion.gif} |
| 15 | + |
| 16 | +@Article{GuptaHalket2023, |
| 17 | + author = {Abhimanyu Gupta and Jonathan Halket}, |
| 18 | + journal = {Journal of Urban Economics}, |
| 19 | + title = {Household sorting in an ancient setting}, |
| 20 | + year = {2023}, |
| 21 | + issn = {0094-1190}, |
| 22 | + pages = {103548}, |
| 23 | + volume = {135}, |
| 24 | + abstract = {We use archaeological data from ancient settlements of three different historical eras on a Greek island to construct novel measures of consumption. Using these, we show that the shares of high-quality consumption goods were relatively more concentrated closer to the center of nucleated settlements as compared to low-quality consumption goods. There is no such pattern in a placebo settlement. In this unique setting, these quality gradients may reflect differences in household consumption baskets across these settlements. We argue that some alternative, trade or production based hypotheses for such gradients can be weakly ruled out based on our data and archaeological sources.}, |
| 25 | + doi = {https://doi.org/10.1016/j.jue.2023.103548}, |
| 26 | + html = {https://doi.org/10.1016/j.jue.2023.103548}, |
| 27 | + pdf = {https://doi.org/10.1016/j.jue.2023.103548}, |
| 28 | + keywords = {Spatial sorting, Luxury goods, Archaeology, Urban}, |
| 29 | + url = {https://www.sciencedirect.com/science/article/pii/S0094119023000177}, |
| 30 | + bibtex_show={true} |
| 31 | +} |
| 32 | + |
| 33 | + |
| 34 | + |
| 35 | +@Article{HalketNesheimOswald2020, |
| 36 | + author = {Halket, Jonathan and Lars Nesheim and Florian Oswald}, |
| 37 | + title = {{The Housing Stock, Housing Prices, and User Costs:} The Roles of Location, Structure and Unobserved Quality}, |
| 38 | + journal = {International Economic Review,}, |
| 39 | + year = {2020}, |
| 40 | + month = {jul}, |
| 41 | + abstract = {Which housing characteristics are important for understanding homeownership rates? How are housing characteristics priced in rental and owner‐occupied markets? What can answers to these questions tell us about economic theories of homeownership? Using the English Housing Survey, we estimate a selection model of property allocations to the owner‐occupied and rental sectors. Structural characteristics and unobserved quality are important for selection. Location is not. Accounting for selection is important for rent‐to‐price ratio estimates and explains some puzzling correlations between rent‐to‐price ratios and homeownership rates. These patterns are consistent with, among others, hypotheses of rental market contracting frictions related to housing maintenance.}, |
| 42 | + doi = {10.1111/iere.12475}, |
| 43 | + publisher = {Wiley}, |
| 44 | + html = {https://doi.org/10.1111/iere.12475}, |
| 45 | + pdf = {https://doi.org/10.1111/iere.12475}, |
| 46 | + bibtex_show={true} |
| 47 | +} |
| 48 | + |
| 49 | +@Article{HalketPignatti14, |
| 50 | + author = {Halket, Jonathan and {Pignatti Morano di Custoza}, Matteo}, |
| 51 | + title = {Homeownership and the scarcity of rentals}, |
| 52 | + journal = {Journal of Monetary Economics,}, |
| 53 | + year = {2015}, |
| 54 | + volume = {76}, |
| 55 | + number = {C}, |
| 56 | + pages = {107-123}, |
| 57 | + abstract = {The provision of owner-occupied versus rental houses is modeled as a competitive search economy where households have private information over their expected duration. With public information, households with low vacancy hazard rates pay lower rents and search in thicker rental markets. With private information, rentals are under-provided to long-duration households to discourage short-duration households from searching there. Ownership is attractive in part because it cures the private information problem. Using a novel data set of rental listings, we show that homeownership rates are high where rent-to-price ratios are low but rentals are scarce and that long-duration households sort into scarce rental markets. These patterns are consistent with the model only under private information.}, |
| 58 | + doi = {10.1016/j.jmoneco.2015.08.003}, |
| 59 | + html = {http://doi.org/10.1016/j.jmoneco.2015.08.003}, |
| 60 | + pdf = {http://doi.org/10.1016/j.jmoneco.2015.08.003}, |
| 61 | + bibtex_show={true} |
21 | 62 | } |
22 | 63 |
|
23 | | -@article{einstein1950meaning, |
24 | | - abbr={AJP}, |
25 | | - bibtex_show={true}, |
26 | | - title={The meaning of relativity}, |
27 | | - author={Einstein, Albert and Taub, AH}, |
28 | | - journal={American Journal of Physics}, |
29 | | - volume={18}, |
30 | | - number={6}, |
31 | | - pages={403--404}, |
32 | | - year={1950}, |
33 | | - publisher={American Association of Physics Teachers} |
| 64 | +@Article{AmiorHalket13, |
| 65 | + author = {Michael Amior and Jonathan Halket}, |
| 66 | + title = {Do Households Use Homeownership To Insure Themselves? Evidence Across U.S. Cities}, |
| 67 | + journal = {Quantitative Economics,}, |
| 68 | + year = {2014}, |
| 69 | + volume = {5}, |
| 70 | + number = {3}, |
| 71 | + pages = {631--674}, |
| 72 | + month = {NOV}, |
| 73 | + abstract = {Are households more likely to be homeowners when “housing risk” is higher? We show that home‐ownership rates and loan‐to‐value (LTV) ratios at the city level are strongly negatively correlated with local house price volatility. However, causal inference is confounded by house price levels, which are systematically correlated with housing risk in an intuitive way\{:} in cities where the land value is larger relative to the local cost of structures, house prices are higher and more volatile. We disentangle the contributions of high price levels from high volatilities by building a life‐cycle model of home‐ownership choices. We find that higher price levels can explain most of the lower home‐ownership. Higher risk in the model leads to slightly lower home‐ownership and LTV ratios in high land value cities. The relationship between LTV and risk is corroborated by LTV's negative correlation with price volatility in the data and highlights the importance of including other means of incomplete insurance in models of home‐ownership.}, |
| 74 | + doi = {10.3982/qe346}, |
| 75 | + publisher = {The Econometric Society}, |
| 76 | + html = {https://doi.org/10.3982%2Fqe346}, |
| 77 | + pdf = {https://doi.org/10.3982%2Fqe346}, |
| 78 | + bibtex_show={true} |
34 | 79 | } |
35 | 80 |
|
36 | | -@article{PhysRev.47.777, |
37 | | - abbr={PhysRev}, |
38 | | - title={Can Quantum-Mechanical Description of Physical Reality Be Considered Complete?}, |
39 | | - author={Einstein, A. and Podolsky, B. and Rosen, N.}, |
40 | | - abstract={In a complete theory there is an element corresponding to each element of reality. A sufficient condition for the reality of a physical quantity is the possibility of predicting it with certainty, without disturbing the system. In quantum mechanics in the case of two physical quantities described by non-commuting operators, the knowledge of one precludes the knowledge of the other. Then either (1) the description of reality given by the wave function in quantum mechanics is not complete or (2) these two quantities cannot have simultaneous reality. Consideration of the problem of making predictions concerning a system on the basis of measurements made on another system that had previously interacted with it leads to the result that if (1) is false then (2) is also false. One is thus led to conclude that the description of reality as given by a wave function is not complete.}, |
41 | | - journal={Phys. Rev.}, |
42 | | - location={New Jersey}, |
43 | | - volume={47}, |
44 | | - issue={10}, |
45 | | - pages={777--780}, |
46 | | - numpages={0}, |
47 | | - year={1935}, |
48 | | - month={May}, |
49 | | - publisher=aps, |
50 | | - doi={10.1103/PhysRev.47.777}, |
51 | | - url={http://link.aps.org/doi/10.1103/PhysRev.47.777}, |
52 | | - html={https://journals.aps.org/pr/abstract/10.1103/PhysRev.47.777}, |
53 | | - pdf={example_pdf.pdf}, |
54 | | - altmetric={248277}, |
55 | | - dimensions={true}, |
56 | | - google_scholar_id={qyhmnyLat1gC}, |
57 | | - video={https://www.youtube-nocookie.com/embed/aqz-KE-bpKQ}, |
58 | | - additional_info={. *More Information* can be [found here](https://github.com/alshedivat/al-folio/)}, |
59 | | - selected={true} |
| 81 | +@Article{HalketVasudev14, |
| 82 | + author = {Jonathan Halket and Santhanagopalan Vasudev}, |
| 83 | + journal = {Review of Economic Dynamics,}, |
| 84 | + title = {{Saving Up or Settling Down:} Home Ownership over the Life Cycle}, |
| 85 | + year = {2014}, |
| 86 | + month = {April}, |
| 87 | + number = {2}, |
| 88 | + pages = {345-366}, |
| 89 | + volume = {17}, |
| 90 | + abstract = {In a Bewley model with endogenous price volatility, home ownership and mobility across locations and jobs, we assess the contribution of financial constraints, housing illiquidities and house price risk to home ownership over the life cycle. The model can explain the rise in home ownership and fall in mobility over the life cycle. While some households rent due to borrowing constraints in the mortgage market, factors that affect propensities to save and move, such as risky house values and transactions costs, are equally important determinants of the ownership rate.}, |
| 91 | + doi = {10.1016/j.red.2013.06.002}, |
| 92 | + publisher = {Elsevier {BV}}, |
| 93 | + html = {https://doi.org/10.1016%2Fj.red.2013.06.002}, |
| 94 | + pdf = {https://doi.org/10.1016%2Fj.red.2013.06.002}, |
| 95 | + bibtex_show={true} |
60 | 96 | } |
61 | 97 |
|
62 | | -@article{einstein1905molekularkinetischen, |
63 | | - title={{\"U}ber die von der molekularkinetischen Theorie der W{\"a}rme geforderte Bewegung von in ruhenden Fl{\"u}ssigkeiten suspendierten Teilchen}, |
64 | | - author={Einstein, A.}, |
65 | | - journal={Annalen der physik}, |
66 | | - volume={322}, |
67 | | - number={8}, |
68 | | - pages={549--560}, |
69 | | - year={1905}, |
70 | | - publisher={Wiley Online Library} |
| 98 | +@TechReport{SimpsonEtAl2018_IFS, |
| 99 | + author = {Polly Simpson and Lars Nesheim and Jonathan Halket and Mateusz Mysliwski}, |
| 100 | + title = {Estimating the benefits of transport investment}, |
| 101 | + institution = {Insitute for Fiscal Studies}, |
| 102 | + year = {2018}, |
| 103 | + abstract = {The National Infrastructure Commission commissioned a team of academics and researchers at the IFS and UCL to create a software tool that estimates how land values respond to changes in land purpose or infrastructure improvements. The tool is now available online.}, |
| 104 | + html = {https://www.ifs.org.uk/publications/13241}, |
| 105 | + bibtex_show={true} |
71 | 106 | } |
72 | 107 |
|
73 | | -@article{einstein1905movement, |
74 | | - abbr={Ann. Phys.}, |
75 | | - title={Un the movement of small particles suspended in statiunary liquids required by the molecular-kinetic theory 0f heat}, |
76 | | - author={Einstein, A.}, |
77 | | - journal={Ann. Phys.}, |
78 | | - volume={17}, |
79 | | - pages={549--560}, |
80 | | - year={1905} |
| 108 | +@PhdThesis{ericsson2002convergence, |
| 109 | + author = {Ericsson, Neil R and Halket, Jonathan R}, |
| 110 | + title = {Convergence of output in the G-7 countries}, |
| 111 | + year = {2002}, |
| 112 | + bibtex_show={true} |
81 | 113 | } |
82 | 114 |
|
83 | | -@article{einstein1905electrodynamics, |
84 | | - title={On the electrodynamics of moving bodies}, |
85 | | - author={Einstein, A.}, |
86 | | - year={1905} |
| 115 | +@PhdThesis{HalketPlantGrowth, |
| 116 | + author = {Halket, Jonathan R}, |
| 117 | + title = {Plant Level Growth Rates - A case for disaggregating shocks}, |
| 118 | + year = {2005}, |
| 119 | + month = may, |
| 120 | + abstract = {Plant and firm level growth rates exhibit significant fat-tailed behavior. I show that these tails still exist after conditioning on some standard explanatory variables like the age and size of a plant, and that the resultant distributions are well-described by a Laplace distribution. I then simulate a simple model which relaxes the standard central limit theorem by allowing for random numbers of random shocks.}, |
| 121 | + pdf = {http://halket.com/assets/pdf/3yrpaper.pdf}, |
| 122 | + bibtex_show={true} |
87 | 123 | } |
88 | 124 |
|
89 | | -@Article{einstein1905photoelectriceffect, |
90 | | - bibtex_show={true}, |
91 | | - abbr={Ann. Phys.}, |
92 | | - title="{{\"U}ber einen die Erzeugung und Verwandlung des Lichtes betreffenden heuristischen Gesichtspunkt}", |
93 | | - author={Albert Einstein}, |
94 | | - abstract={This is the abstract text.}, |
95 | | - journal={Ann. Phys.}, |
96 | | - volume={322}, |
97 | | - number={6}, |
98 | | - pages={132--148}, |
99 | | - year={1905}, |
100 | | - doi={10.1002/andp.19053220607}, |
101 | | - award={Albert Einstein receveid the **Nobel Prize in Physics** 1921 *for his services to Theoretical Physics, and especially for his discovery of the law of the photoelectric effect*}, |
102 | | - award_name={Nobel Prize} |
| 125 | +@PhdThesis{HalketCointegration, |
| 126 | + author = {Halket, Jonathan R}, |
| 127 | + title = {Multivariate Fractional Cointegration and GDP Convergence}, |
| 128 | + year = {2006}, |
| 129 | + month = may, |
| 130 | + abstract = {Tests of convergence in a time series framework are historically univariate and/or in an I(1)-versus-I(0) context. However, convergence hypotheses can and probably should be generalized to include multivariate, fractionally integrated processes. I propose several potential convergence definitions and use semi-parametric tests for bivariate and multivariate fractional cointegration in the G-7 countries. Results indicate possible convergence as well as highlight why other procedures may fail to find convergence.}, |
| 131 | + pdf = {http://halket.com/assets/pdf/2ndyrpaper.pdf}, |
| 132 | + bibtex_show={true} |
103 | 133 | } |
104 | 134 |
|
105 | | -@book{przibram1967letters, |
106 | | - bibtex_show={true}, |
107 | | - title={Letters on wave mechanics}, |
108 | | - author={Einstein, Albert and Schrödinger, Erwin and Planck, Max and Lorentz, Hendrik Antoon and Przibram, Karl}, |
109 | | - year={1967}, |
110 | | - publisher={Vision}, |
111 | | - preview={wave-mechanics.gif}, |
112 | | - abbr={Vision} |
| 135 | +@PhdThesis{HalketExistence, |
| 136 | + author = {Halket, Jonathan R}, |
| 137 | + title = {Existence of an equilibrium in incomplete markets with discrete choices and many markets}, |
| 138 | + year = {2014}, |
| 139 | + month = mar, |
| 140 | + abstract = {We define and prove the existence of an equilibrium for Bewley-style models of heterogeneous agents in incomplete markets with discrete and continuous choices. Our sample model also features endogenous price volatility across many markets (locations) but still has a steady state equilibrium with a finite-dimensional state space. Our proof of existence uses Kakutani’s Fixed Point Theorem and does not require the set of households that are indifferent between two discrete choices to be measure zero.}, |
| 141 | + pdf = {http://halket.com/assets/pdf/proof140328.pdf}, |
| 142 | + bibtex_show={true} |
113 | 143 | } |
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