Housing and the Macroeconomy: The Role of Implicit Guarantees for Government Sponsored Enterprises

This paper deals with the macroeconomic effects of government guarantees on debt issued by Government-Sponsored Enterprises. We set up an economy with a housing and mortgage market where the government provides banks with insurance against aggregate shocks to mortgage default risk. We then study the aggregate and distributional effects coming from this subsidy

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Year of publication:	2004
Authors:	Krueger, Dirk ; Jeske, Karsten
Institutions:	Society for Economic Dynamics - SED
Subject:	Housing \| Mortgage Market \| Default Risk

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Series:	2004 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Society for Economic Dynamics 2004 Number 100
Classification:	E21 - Consumption; Saving ; G11 - Portfolio Choice ; R21 - Housing Demand
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005027296