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Supply restrictions, subprime lending and regional US house prices
Anundsen, André Kallåk; Heebøll, Christian - 2015
, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …
Persistent link: https://www.econbiz.de/10010488113
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Supply restrictions, subprime lending and regional US housing prices
Anundsen, André Kallåk; Heebøll, Christian - 2013
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
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Lender-specific mortgage supply shocks and macroeconomic performance in the United States
Bremus, Franziska; Krause, Thomas; Noth, Felix - 2021
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
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Housing wealth effects : the long view
Guren, Adam M.; McKay, Alisdair; Nakamura, Emi; Jón … - 2018
Persistent link: https://www.econbiz.de/10011889266
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Cross-sectional patterns of mortgage debt during the housing boom : evidence and implications
Foote, Christopher L.; Loewenstein, Lara; Willen, Paul - 2019
Persistent link: https://www.econbiz.de/10012136903
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Lender-specific mortgage supply shocks and macroeconomic performance in the United States
Bremus, Franziska; Krause, Thomas; Noth, Felix - 2021
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
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Housing market bubbles and business cycles in an agent-based credit economy
Erlingsson, Einar Jon; Cincotti, Silvano; Stefansson, Hlynur - 2013
conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …
Persistent link: https://www.econbiz.de/10009751106
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Household debt and housing bubble : a Minskian approach to boom-bust cycles
Ryoo, Soon - 2015
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
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Betting the house
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2014
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...
Persistent link: https://www.econbiz.de/10010468583
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Betting the House
Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2014
Persistent link: https://www.econbiz.de/10010471127