Mark Toth
Ph.D. student in economics
Contact
Mark Toth
Ph.D. student in economics
Institute for Macroeconomics and Econometrics
Kaiserplatz 7‐9
Room 4.001
53113 Bonn
Photo: Bernadett Yehdou
About me
I am a Ph.D. student in economics at the University of Bonn. In my research, I explore the intersection of macroeconomics and spatial economics with a focus on housing markets. My approach is equally theoretical and empirical. Please find my CV here.
Papers
The role of spatial structure in monetary policy transmission
Work in progress.
Work in progress.
Spatial distribution of housing liquidity
With Francisco Amaral and Jonas Zdrzalek.
Kiel Working Paper No. 2284.
With Francisco Amaral and Jonas Zdrzalek.
Kiel Working Paper No. 2284.
This paper examines the relationship between location, liquidity, and prices in housing markets. We construct spatial datasets for German and U.S. cities and show that liquidity and prices decline with distance to the city center. We build and estimate a spatial housing search model and demonstrate that travel costs determine the spatial distribution of liquidity and prices. In a counterfactual analysis, we suppress search frictions and find that frictional illiquidity reduces prices in the outskirts by 7% relative to the center. Our findings underpin the importance of demand-side preferences for asset pricing.
Tools
nightlightstats: an R package for analyzing nighttime light satellite imagery
With Jakob Miethe, available on Github.
With Jakob Miethe, available on Github.