Contact Information
202-452-2983
joseph.b.nichols@frb.gov

Fields of Interest
Real Estate
Macroeconomics
Portfolio Choice

Education
Ph.D., Economics, The University of Maryland, 2005
M.S., Operations Research, The George Washington University, 1997
B.A., Math/Econ/Philosophy, The George Washington University, 1994

Professional Experience
Board of Governors of the Federal Reserve System, 2005-present

Selected Publications

• ''How Has the Growth of the CMBS Market Impacted Commercial Real Estate Lending at Banks?'' CMBS World, vol. 9 (Summer 2007), pp. 18-21.
• ''Borrower Self-Selection, Underwriting Costs, and Subprime Mortgage Credit Supply'' (with Anthony Pennington-Cross and Anthony Yezer), The Journal of Real Estate Finance and Economics, vol. 30 (Spring 2005), pp. 197-219.
• ''Credit History and the FHA-Conventional Choice'' (with Anthony Pennington-Cross), Real Estate Economics, vol. 28 (Spring 2000), pp. 307-336.
• ''Does FHA Increase Home Ownership or Just Accelerate It?'' (with John L. Goodman), Journal of Housing Economics, vol. 6 (June 1997), pp. 184-202.