Brian Melzer

Senior Financial Economist

Brian Melzer is a senior financial economist at the Federal Reserve Bank of Chicago who studies household finance, real estate, financial intermediation, and financial regulation.

His recent research examines the costs and benefits of financial advice. He has also studied the impact of payday loans on household well-being, the default and investment behavior of heavily indebted homeowners, and the impact of interest rate regulations in auto lending. His articles have been published in leading economics and finance journals such as the American Economic Review, Journal of Finance, and Quarterly Journal of Economics. Prior to joining the Federal Reserve Bank of Chicago, he was a professor of finance at Northwestern University’s Kellogg School of Management.

Melzer received a Ph.D. in economics from the University of Chicago Graduate School of Business, and undergraduate and master’s degrees in philosophy from Princeton University and the University of St Andrews.

Working Papers
Scott R. Baker, Lorenz Kueng, Leslie McGranahan, Brian Melzer | 2018 | No. 2018-16 Download

Journal Articles

With Joanne W. Hsu and David A. Matsa, 2018, "Unemployment Insurance as a Housing Market Stabilizer," American Economic Review, Vol. 108, No. 1, January, pp. 49–81.

With Stephen Foerster, Juhani T. Linnainmaa, and Alessandro Previtero, 2017, "Retail Financial Advice: Does One Size Fit All?," Journal of Finance, Vol. 72, No. 4. (Winner of the Brattle Group Distinguished Paper Prize.)

2017, "Mortgage Debt Overhang: Reduced Investment by Homeowners at Risk of Default," Journal of Finance, Vol. 72, No. 2. (Winner of the Amundi Smith Breeden Distinguished Paper Prize.)

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