- Assistant Professor of Finance
- PhD, Duke University
Household Finance, Entrepreneurship, Real Estate Finance, Applied Macroeconomics
- The Impact of Banking Relationships and Credit Supply on Households: Evidence from Refinancing and Foreclosures
- How Collateral Drives the Economy: An Investigation of Small Firm Real Estate Shocks on Employment
- Why Case-Shiller got it Wrong: The Effect of Market Conditions on House Prices
- A Direct Measure of the Home Equity Channel on Entrepreneurship
Kristoph Kleiner is an Assistant Professor of Finance at Indiana University's Kelley School of Business. He joined Kelley in 2014 after completing his Ph.D. at Duke University, and teaches courses in corporate finance. Kristoph’s research agenda is focused on two distinct themes:
1) The Macroeconomic Implications of Financial Frictions on Small Business and Households
The real estate and credit markets have been at the center of the debate on the causes and consequences of the Great Recession, yet the mechanism that links these factors remains unclear. My first line of research attempts to understand the real economic impacts of financial shocks to households and small firms.
2) The Application of Asset Pricing Techniques to the Housing Market
Despite recent interest in real estate finance, the econometric techniques in this literature lag behind more traditional asset pricing topics. In my second line of research I advance these empirical methodologies to better analyze housing as both a consumption good and an asset.