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Risk heterogeneity and credit supply: evidence from the mortgage market
Bealey, Timothy; Meads, Neil; Surico, Paolo - 2010
This paper uses a unique data set on more than 600,000 mortgage contracts to estimate a credit supply function which allows for risk-heterogeneity. Non-linearity is modelled using quantile regressions. We propose an instrumental variable approach in which changes in the tax treatment of housing...
Persistent link: https://www.econbiz.de/10015220488
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Price search, consumption inequality, and expenditure inequality over the life cycle
Arslan, Yavuz; Taskin, Temel - 2011
In this paper, we incorporate a price search decision into a life cycle model and differentiate consumption from expenditure. Consumers with low wealth and bad income shocks search more for cheaper prices and pay less, which makes their consumption higher than in a model without search option. A...
Persistent link: https://www.econbiz.de/10015229434
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A Pareto Inefficient Path to Steady State in Recession
Harashima, Taiji - 2019
In this paper, I focus on the concept of Nash equilibrium of a Pareto inefficient path (NEPIP) to examine the nature of the transition path to steady state after a shock that generates a severe recession. Risk-averse and non-cooperative households strategically and rationally choose a NEPIP if a...
Persistent link: https://www.econbiz.de/10015263725
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A Household’s Preferences Vary Depending on Whether Incomes Are Permanent or Temporary: A Solution to the Time-Inconsistency Problem and Equity-Premium Puzzle
Harashima, Taiji - 2022
A household’s preferences are usually assumed not to vary temporally or depending on the objects to which they are … household’s preferences vary depending on whether they are applied to permanent or temporary incomes. Preferences applied to …
Persistent link: https://www.econbiz.de/10015268674
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European Union Economy System Dynamic Model Development
Skribans, Valerijs - 2012
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10015238380
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Arz iktisadı yaklaşımında nisbi fiyatların etkisi ve Keynezyen sisteme getirilen eleştiriler
Bilgili, Faik - 1993
The Keynesian approach claims that a reduction in average taxes and/or an increase in autonomous government expenditures will stimulate growth in the economy through multiplier effects. The supply side economics, however, considers mainly the necessary cut in effective economy-wide marginal tax...
Persistent link: https://www.econbiz.de/10015254335
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Savings; the least understood economic concept, the U.S. case
De Koning, Kees - 2020
Savings, in a financial sense, can be defined as postponed consumption. This definition implies that a household has to …. There are other household savings: in bank deposits and in shares and bonds. The current other debts by households are $4 …
Persistent link: https://www.econbiz.de/10015212855
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Choice Between Microfinance System Operating on the Basis of Individual Liability Loan Contract or Through Joint Liability Loan Contract
Kundu, Amit - 2009
In this paper we consider that a representative of a not so affluent rural household has three options. He (she) may … establishes that wealthier among the not so affluent rural household prefers to join microfinance system operating on the basis of … that a household with high dependency ratio and higher intra-household decision making power of the head of the women of …
Persistent link: https://www.econbiz.de/10015216703
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Choice Between Microfinance System Operating on the Basis of Individual Liability Loan Contract or Through Joint Liability Loan Contract
Kundu, Amit - 2009
In this paper we consider that a representative of a not so affluent rural household has three options. He (she) may … establishes that wealthier among the not so affluent rural household prefers to join microfinance system operating on the basis of … that a household with high dependency ratio and higher intra-household decision making power of the head of the women of …
Persistent link: https://www.econbiz.de/10015225601
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"Islamic house financing:current models and a proposal from social perspective
Hasan, Zubair - 2010
Shelter is one of the basic needs for human beings. Its availability for the people is an Islamic imperative. In view of the appalling living conditions of a substantial proportion of the population in most countries around the world, especially Muslim, Islamic banks have entered the field with...
Persistent link: https://www.econbiz.de/10015227407