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Negative equity and housing investment
Haughwout, Andrew; Sutherland, Sarah; Tracy, Joseph - Federal Reserve Bank of New York - 2013
investments. Housing investment expenditures economy-wide are sizable, averaging 45 percent of the value of new home construction … investments by roughly 75 percent. The large increase in negative equity due to declining housing prices during the housing bust …
Persistent link: https://www.econbiz.de/10010699376
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How much do bank shocks affect investment? Evidence from matched bank-firm loan data
Amiti, Mary; Weinstein, David E. - Federal Reserve Bank of New York - 2013
We show that supply-side financial shocks have a large impact on the investment decisions of firms. We do this by developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank-firm lending data. We decompose loan movements in Japan for...
Persistent link: https://www.econbiz.de/10010633796