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This book is a study of legal doctrines that hinder the development of efficient, economically sound policies for protecting the environment.
Persistent link: https://www.econbiz.de/10011273230
The author constructs a theoretical model to examine the effects of an inherent conflict of interest between a seller of a house and the real estate broker hired by the seller. The model is then used to calibrate the broker's commission rates that would maximize the seller's expected gain. The...
Persistent link: https://www.econbiz.de/10008623373
This paper describes an equilibrium life-cycle model of housing where nonconvex adjustment costs lead households to … adjust their housing choice infrequently and by large amounts when they do so. In the cross-sectional dimension, the model … of housing adjustment. In the time-series dimension, the model accounts for the procyclicality and volatility of housing …
Persistent link: https://www.econbiz.de/10008623378
.S. housing crisis. At the peak of the recent housing cycle, both borrowers and lenders appealed to optimistic house price … theoretical and empirical evidence that pointed to a massive overvaluation of housing and thus to an inevitable and severe price … time. Many economists, skeptical that a bubble existed, attempted to justify the historic run-up in housing prices based on …
Persistent link: https://www.econbiz.de/10008643740
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the Connecticut Business and Industry Association’s 2008 Economic Summit and Outlook, Hartford, Connecticut. January 8, 2008
Persistent link: https://www.econbiz.de/10010726547
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Massachusetts Mortgage Bankers Association 2009 Annual Dinner, January 8, 2009
Persistent link: https://www.econbiz.de/10010726558
Remarks by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Economic Outlook Seminar, Stockholm, Sweden, September 28, 2011
Persistent link: https://www.econbiz.de/10010726562
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for The Seventeenth Annual Vermont Economic Outlook Conference, Burlington, Vermont, January 11, 2008
Persistent link: https://www.econbiz.de/10010726564
This booktraces the origins of GSEs, contrasts investor-owned and cooperative GSEs, and examines such issues as activities and the quality of oversight.
Persistent link: https://www.econbiz.de/10010842086
A radical rethinking of housing policy is needed to allow housing markets to operate freely--and to make housing …
Persistent link: https://www.econbiz.de/10010842136