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The Impact of Foreclosure on Housing Prices
Siebert, Ralph - 2015
The aim of the study is to explain if the foreclosure effect on prices is explained by a lower quality of foreclosed … estimate the impact of foreclosure on home prices in Florida and Indiana from 2000 to 2008. We employ a model of housing demand …-specific quality explains the vast majority of the foreclosure effects on house prices. Our results also show that foreclosed homes in …
Persistent link: https://www.econbiz.de/10013028527
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Using Bankruptcy to Reduce Foreclosures : Does Strip-Down of Mortgages Affect the Supply of Mortgage Credit?
Li, Wenli - 2014
We assess the credit market impact of allowing mortgage “strip-down” as a foreclosure-prevention measure, where strip … effective foreclosure-prevention program, because it would have only small and transient effects on the supply of mortgage loans …
Persistent link: https://www.econbiz.de/10013054958
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Diversification Power of Real Estate Market Securities : The Role of Financial Crisis and Dividend Policy
Ilbasmis, Metin - 2018
This paper investigates dynamic conditional correlations between stock and REIT markets in both Turkey and the U.S. We use an Asymmetric DCC - GJR - GARCH model to estimate the dynamic conditional correlation at daily, weekly, and monthly frequencies. Our contribution is threefold. First, we...
Persistent link: https://www.econbiz.de/10012916360
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The Dynamics of Income-Related Health Inequality Among US Children
Chatterji, Pinka - 2011
We estimate and decompose family income-related inequality in child health in the US and analyze its dynamics using the … income-related health mobility index recently introduced by Allanson et al., 2010. Data come from the 1997, 2002, and 2007 … income-related child health inequality remains stable from early childhood into adolescence. The main factor underlying …
Persistent link: https://www.econbiz.de/10013120563
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The Trend of BMI Values Among US Adults
Komlos, John - 2010
Background: The trend in the BMI values of the US population has not been estimated accurately because time series data are unavailable and because the focus has been on calculating period effects.Object: To estimate the trend and rate of change of BMI values by birth cohorts stratified by...
Persistent link: https://www.econbiz.de/10013146593
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Did US Consumers 'Save for a Rainy Day' Before the Great Recession?
Anundsen, André K. - 2015
The ‘saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10013022495
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Equity Fund Flows and Stock Market Returns in the US Before and After the Global Financial Crisis : A VAR-GARCH-in-mean Analysis
Babalos, Vassilios - 2016
The 2008-2009 global financial crisis has raised new questions about the relationship between equity fund flows and stock market returns. This paper analyses it using US monthly data over the period 2000:1-2015:08. A VAR-GARCH(1,1)-in-mean model with a BEKK representation is estimated, and a...
Persistent link: https://www.econbiz.de/10012987395
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Are Stock and Housing Returns Complements or Substitutes? Evidence from OECD Countries
Caporale, Guglielmo Maria - 2013
In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence...
Persistent link: https://www.econbiz.de/10013092228
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Leveraged Bubbles
Jorda, Oscar - 2015
What risks do asset price bubbles pose for the economy? This paper studies bubbles in housing and equity markets in 17 countries over the past 140 years. History shows that not all bubbles are alike. Some have enormous costs for the economy, while others blow over. We demonstrate that what makes...
Persistent link: https://www.econbiz.de/10013014986
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Price and Quantity Effects of the German Real Estate Transfer Tax
Petkova, Kunka - 2017
This paper analyzes the tax effects of the German real estate transfer tax (RETT). While the vast majority of single-family houses in Germany are owner-occupied, apartments are usually held by private and incorporated investors. For this reason, we conducted a regression analysis to determine...
Persistent link: https://www.econbiz.de/10012951769