Cristian Badarinza

Dr. Cristian Badarinza is an Assistant Professor at the National University of Singapore, a Faculty Affiliate of the Institute of Real Estate Studies, and a Network Associate of the Centre for Economic Policy Research, London.

His research interests are in the areas of residential real estate, household finance and financial economics. Previously, he has been a Postdoctoral Fellow at Saïd Business School, a Research Assistant in the Monetary Policy Research Division of the European Central Bank in Frankfurt am Main, and has obtained a PhD and an MSc in Economics from Goethe University, Frankfurt am Main.

He is part of the Oxford-Harvard-Sloan Initiative for International Comparative Household Finance. This research initiative connects academics from Europe and the US which seek to explore how household financial markets (such as mortgage, pension, and risky asset markets) are set up around the world, and whether there are international best practises that can be established.

Working Papers

Reference Dependence in the Housing Market
2021, with Steffen Andersen, Lu Liu, Julie Marx and Tarun Ramadorai Revise and resubmit, American Economic Review.

The Effectiveness of Housing Collateral Tightening Policy
2018, with Sumit Agarwal and Wenlan Qian.

The Informational Role of Housing Market Liquidity
2018.

Publications

Gravity, Counterparties, and Foreign Investment
with Tarun Ramadorai and Chihiro Shimizu, 2021. Forthcoming, Journal of Financial Economics.

Mortgage Debt and Social Externalities
2019, Review of Economic Dynamics, Vol. 34, 43-60.

The Household Finance Landscape in Emerging Economies
with Vimal Balasubramaniam and Tarun Ramadorai, Annual Review of Financial Economics, 2019, Vol. 11, 109-129.

Home Away from Home? Foreign Demand and London House Prices
with Tarun Ramadorai, 2018, Journal of Financial Economics, Vol. 30(3), 532-555.

What Calls to ARMs? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages
with John Y. Campbell and Tarun Ramadorai, 2018, Management Science, Vol. 64(5), 1975-2471.

The Indian Household Finance Landscape
with Vimal Balasubramaniam and Tarun Ramadorai, 2017, India Policy Forum, Vol. 13, 1-55.

International Comparative Household Finance
with John Y. Campbell and Tarun Ramadorai, 2016, Annual Review of Economics, Vol. 8, 111-144.

Recognition & Awards

• SDE Teaching Excellence Award (STEA) 2018/2019 - 2019

Educational Qualifications

• Ph.D., Economics, Goethe University, Frankfurt am Main, 2012
• M.Sc, Quantitative Economics, Goethe University, Frankfurt am Main, 2008
• B.Sc., Business Economics, Academy for Economic Studies, Bucharest, 2006