Showing 1 - 10 of 14,966
Persistent link: https://www.econbiz.de/10012136903
Persistent link: https://www.econbiz.de/10011889266
Persistent link: https://www.econbiz.de/10010387933
This paper analyzes the recent boom-bust cycle in the US housing market from a regional perspective. Particular attention is paid to supply side restrictions and financial accelerator effects related to subprime lending. Considering 248 Metropolitan Statistical Areas across the entire US, we...
Persistent link: https://www.econbiz.de/10009703502
This paper provides evidence for the propagation of idiosyncratic mortgage supply shocks to the macroeconomy. Based on … micro-level data from the Home Mortgage Disclosure Act for the 1990-2016 period, our results suggest that lender …-specific mortgage supply shocks affect aggregate mortgage, house price, and employment dynamics at the regional level. The larger the …
Persistent link: https://www.econbiz.de/10012498347
Persistent link: https://www.econbiz.de/10011631685
, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …
Persistent link: https://www.econbiz.de/10010488113
Persistent link: https://www.econbiz.de/10012590383
This paper provides evidence for the propagation of idiosyncratic mortgage supply shocks to the macroeconomy. Based on … micro-level data from the Home Mortgage Disclosure Act for the 1990-2016 period, our results suggest that lender …-specific mortgage supply shocks affect aggregate mortgage, house price, and employment dynamics at the regional level. The larger the …
Persistent link: https://www.econbiz.de/10012485491
This paper examines macroeconomic dynamics of household debt and housing prices. Drawing on Minsky's insights into financial instability and cycles, our framework combines household debt dynamics with behavioral asset price dynamics in a Keynesian macro model. We show that endogenous boom-bust...
Persistent link: https://www.econbiz.de/10011522147