Sumit Agarwal formerly was on staff in the research department at the Federal Reserve Bank of Chicago.
Chicago Fed Letter
- Why Aren’t Banks Lending More? The Role of Commercial Real Estate
Sumit Agarwal, Hesna Genay, Robert McMenamin | 2010 | No. 281 | December
- Rescuing Asset-backed Securities Markets
Sumit Agarwal, Crystal Cun, Mariacristina De Nardi | 2010 | No. 270 | January
- Comparing the Prime and Subprime Mortgage Markets
Sumit Agarwal, Calvin T. Ho | 2007 | No. 241 | August
- How Do Private Firms Use Credit Lines?
Sumit Agarwal, Souphala Chomsisengphet, John C. Driscoll | 2011 | Vol. 35 | 2nd Quarter
- The Asset-Backed Securities Markets, the Crisis and TALF
Sumit Agarwal, Jacqueline Barrett, Crystal Cun, Mariacristina De Nardi | 2010 | Vol. 34 | 4th Quarter
- Determinants of Automobile Loan Default and Prepayment
Sumit Agarwal, Brent W. Ambrose, Souphala Chomsisengphet | 2008 | Vol. 32 | 3rd Quarter
Profitwise News and Views
- The Asset-Backed Securities Markets, the Crisis and TALF
Sumit Agarwal, Jacqueline Barrett, Mariacristina De Nardi, Daniel DiFranco, Robin Newberger | 2011 | April
- Rushing into American Dream? House Prices, Timing of Homeownership, and Adjustment of Consumer Credit
Sumit Agarwal, Luojia Hu, Xing Huang | 2013 | No. 2013-13
- Why Do Borrowers Make Mortgage Refinancing Mistakes?
Sumit Agarwal, Richard J. Rosen, Vincent Yao | 2013 | No. 2013-02 | May
- Spending Responses to State Sales Tax Holidays
Sumit Agarwal, Leslie McGranahan | 2012 | No. 2012-10 | October
- Market-Based Loss Mitigation Practices for Troubled Mortgages Following the Financial Crisis
Sumit Agarwal, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, Douglas D. Evanoff | 2011 | No. 2011-03 | February
- The Role of Securitization in Mortgage Renegotiation
Sumit Agarwal, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, Douglas D. Evanoff | 2011 | No. 2011-02 | February
- Why Do Banks Reward Their Customers to Use Their Credit Cards? (REVISED December 2010)
Sumit Agarwal, Sujit Chakravorti, Anna Lunn | 2010 | No. 2010-19 | November
- Cognitive Abilities and Household Financial Decision Making (REVISED April 2012)
Sumit Agarwal, Bhash Mazumder | 2010 | No. 2010-16 | January
- Benefits of Relationship Banking: Evidence from Consumer Credit Markets
Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu, Nicholas S. Souleles | 2010 | No. 2010-05 | July
- Perverse Incentives at the Banks? Evidence from a Natural Experiment
Sumit Agarwal, Faye H. Wang | 2009 | No. 2009-08 | August
- Do Financial Counseling Mandates Improve Mortgage Choice and Performance? Evidence from a Legislative Experiment
Sumit Agarwal, Gene Amromin, Itzhak Ben-David, Souphala Chomsisengphet, Douglas D. Evanoff | 2009 | No. 2009-07 | October
- The Choice between Arm’s-length and Relationship Debt: Evidence from E-loans
Sumit Agarwal, Robert Hauswald | 2008 | No. 2008-10 | July
- Does It Pay to Read Your Junk Mail? Evidence of the Effect of Advertising on Home Equity Credit Choices (REVISED, November 2008)
Sumit Agarwal, Brent W. Ambrose | 2008 | No. 2008-09 | November
- The Spending and Debt Response to Minimum Wage Hikes (REVISED February, 2011)
Daniel Aaronson, Sumit Agarwal, Eric French | 2007 | No. 2007-23 | November
- The Reaction of Consumer Spending and Debt to Tax Rebates – Evidence from Consumer Credit Data (REVISED December 2007)
Sumit Agarwal, Chunlin Liu, Nicholas S. Souleles | 2007 | No. 2007-10 | August
- The Age of Reason: Financial Decisions Over the Life Cycle
Sumit Agarwal, John C. Driscoll, Xavier Gabaix, David Laibson | 2007 | No. 2007-05 | June
- Do Consumers Choose the Right Credit Contracts?
Sumit Agarwal, Souphala Chomsisengphet, Chunlin Liu, Nicholas S. Souleles | 2006 | No. 2006-11
With B. Ambrose (eds.), 2007, Household Credit Usage: Personal Debt and Mortgages, New York: Palgrave-Macmillan Publishing, October.
Publications & Forthcoming Papers
With B. Ambrose, H. Huang and Y. Yildirim, "The Term Structure of Lease Rates with Endogenous Default Triggers and Tenant Capital Structure: Theory and Evidence," Journal of Financial and Quantitative Analysis, forthcoming.
With I. Chiu, C. Liu and G. Rhee,"The Brokerage Firm Effect in Herding: Evidence from Indonesia," Journal of Financial Research, forthcoming.
With R. Hauswald, 2010, "Distance and Private Information in Lending," Review of Financial Studies, Vol. 23, No. 7, pp. 2757-2788.
With S. Chomsisengphet and C. Liu, 2010, "The Importance of Adverse Selection in the Credit Card Market: Evidence from Randomized Trials of Credit Card Solicitations" Journal of Money, Credit and Banking, Vol. 42, No. 4, pp. 743-754.
With G. Amromin, I. Ben-David, S. Chomsisengphet and D. Evanoff, 2010, "Learning to Cope: Voluntary Financial Education and Loan Performance during a Housing Crisis" American Economic Review – Papers and Proceeding, Vol. 100, No. 2, pp. 495-500.
With J. Driscoll, X. Gabaix and D. Laibson, 2009, "The Age of Reason: Financial Decisions over the Life Cycle and Implications for Regulation" Brookings Papers on Economic Activity, Vol. Fall, pp. 51-117; also National Bureau of Economic Research, working paper, No. 1319.
With P. Skiba and J. Tobacman), 2009. "Payday Loans and Credit Cards: New Liquidity and Credit Scoring Puzzles?," American Economic Review – Papers and Proceeding, Vol. 99, No. 2, pp. 412-417; also National Bureau of Economic Research, working paper, No. 14659.
With S. Chomsisengphet, 2009, "Bankruptcy Exemption Laws and the Market for Mortgages" Cityscape, Vol. 11. No. 1, pp. 101-112.
With S. Faircloth, C. Liu and G. Rhee, 2009, "Why Do Foreign Investors Underperform Domestic Investors in Trading Activities? Evidence from Indonesia," Journal of Financial Markets, Vol. 12, pp. 32-53.
With C. Liu and G. Rhee, 2008, "Investor Demand for Initial Public Offerings and Aftermarket Performance of These Firms: Evidence from the Hong Kong Stock Market," Journal of International Financial Markets, Institutions and Money, Vol. 18, pp. 176-190.
With S. Chomsisengphet, S. and L. Mielnicki, 2008, "Do Forbearance Plans Help Mitigate Credit Card Losses?," Journal of Family and Economic Issues, Vol. 29, No. 2, pp. 191-209.
With C. Liu and N. Souleles), 2007, "Reaction of Consumer Spending and Debt to Tax Rebates — Evidence from Consumer Credit Data," Journal of Political Economy, Vol. 115, No. 6, pp. 986-1019; also National Bureau of Economic Research, working paper, No. 13694.
With S. Chomsisengphet, C. Liu and G. Rhee, 2007, "Earnings Management Behavior under Different Economic Environments: Evidence from Japanese Banks," International Review of Economics and Finance, Vol. 16, No. 3, pp. 429-443.
With C. Liu and G. Rhee, 2007, "Where Does Price Discovery Occur for Stocks Traded in Multiple Markets? Evidence from Hong Kong and London," Journal of International Money and Finance, Vol. 26, pp. 46-63.
2007, "The Impact of Homeowners’ Housing Wealth Misestimation on Consumption and Saving Decisions," Real Estate Economics, Vol. 35, No. 2, pp. 135-154.
With B. Ambrose, S. Chomsisengphet and C. Liu, 2006, "An Empirical Analysis of Home Equity Loan and Line Performance," Journal of Financial Intermediation, Vol. 15, No. 4, pp. 444-469.
With B. Ambrose and C. Liu, 2006, "Credit Quality and Credit Commitment," Journal of Money, Credit and Banking, Vol. 38, No. 1, pp. 1-22.
2010, "Consumer Behavior in Financial Markets: Financial Crisis and Policy Implication," ISB Insight, Summer, pp. 16-19.
With G. Amromin, I. Ben-David, S. Chomsisengphet and D. Evanoff, 2010, "Financial Counseling, Financial Literacy and Household Decision Making" in Financial Literacy: Implications for Retirement Security and the Financial Marketplace, O. Mitchell and A. Lusardi (eds.), London and New York: Oxford University Press.
With J. Driscoll, X. Gabaix and D. Laibson, 2010, "What Is the Age of Reason?," Center for Retirement Research - Issue in Brief, Vol. 10-12, pp. 1-8.
With S. Chomsisengphet and C. Liu, 2007, "Determinants of Small Business Default," in The Analytics of Risk Model Validation, G. Christodoulakis and S. Satchell (eds.), New York: Palgrave-Macmillan Publishing, December, pp. 1-12.
With B. Ambrose and S. Chomsisengphet, 2007, "Information Asymmetry and the Automobile Loan Market," in Household Credit Usage: Personal Debt and Mortgages, S. Agarwal and B. Ambrose (eds.), New York: Palgrave-Macmillan Publishing, October, pp. 93-116.
Additional publications may be found on the author's CV (see above).