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First Time Underwater: The Impact of the First-time Homebuyer Tax Credit

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2012

credit, at a cost to the government of $16.2 billion. This delayed the deflation of the bubble, but did not stop it. By the … to sell their homes at prices that were still partially inflated by the bubble. This was good for these homeowners, as … influenced by the credit – experienced losses as a result of buying homes at bubble-inflated prices. …

Persistent link: https://www.econbiz.de/10010541807

Hitting Bottom? An Updated Analysis of Rents and the Price of Housing in 100 Metropolitan Areas

Baker, Dean; Pelletiere, Danilo; Rho, Hye Jin - Center for Economic and Policy Research (CEPR) - 2009

It has been two years since the housing bubble began to deflate. In this time, home prices in major metropolitan areas …

Persistent link: https://www.econbiz.de/10005048512

The Gains from Right to Rent

Baker, Dean; Rho, Hye Jin - Center for Economic and Policy Research (CEPR) - 2009

This paper calculates savings from renting compared with owning a house purchased at the peak housing bubble years of …

Persistent link: https://www.econbiz.de/10004964399

The Right to Rent Plan

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2009

This issue brief discusses a plan that would effectively deal with the mounting problem of home foreclosures in this country. The main point of the plan is that those who are facing foreclosure should have the option to remain in their home for a substantial period of time as renters. There are...

Persistent link: https://www.econbiz.de/10004964404

The Gains from Right to Rent

Baker, Dean; Rho, Hye Jin - Center for Economic and Policy Research (CEPR) - 2010

Though Congress and Presidents Bush and Obama put forth several different mortgage modification programs, the rate of foreclosures has continued to rise over the past several years. According to CoreLogic, about one-in-four (23%) mortgages were underwater in the second quarter of 2010, and...

Persistent link: https://www.econbiz.de/10008642859

The Greek Economy: Which Way Forward?

Weisbrot, Mark; Rosnick, David; Lefebvre, Stephan - Center for Economic and Policy Research (CEPR) - 2015

In the past 6 years the Greek economy has gone through a massive adjustment at a steep price. The economy finally grew in 2014, by 0.6 percent, but the recovery is weak, slow and fragile. This paper argues that prolonged mass unemployment and reduced living standards, brought about by years of...

Persistent link: https://www.econbiz.de/10011162530

Did NAFTA Help Mexico? An Assessment After 20 Years

Weisbrot, Mark; Lefebvre, Stephan; Sammut, Joseph - Center for Economic and Policy Research (CEPR) - 2014

This paper compares the performance of the Mexican economy with that of the rest of the region over the past 20 years, based on the available economic and social indicators, and with its own past economic performance. Among the results it finds that Mexico ranks 18th out of 20 Latin American...

Persistent link: https://www.econbiz.de/10010741288

Policy Alternatives for a Return to Full Employment in Spain

Rosnick, David; Weisbrot, Mark - Center for Economic and Policy Research (CEPR) - 2013

With Spain’s official unemployment rate at 26 percent, and the economy projected to contract by 1.3 percent this year, it is difficult to make the case for continued austerity that could push a barely growing economy back into recession. Yet the government is committed to further fiscal...

Persistent link: https://www.econbiz.de/10010741289

Venezuela's Economic Recovery: Is It Sustainable?

Weisbrot, Mark; Johnston, Jake - Center for Economic and Policy Research (CEPR) - 2012

Venezuela’s current growth is generally described as unsustainable, with various negative scenarios put forth, including spiraling debt, inflation, and balance of payments crises. However, these pessimistic forecasts have been far off the mark for most of the past decade. This paper looks at...

Persistent link: https://www.econbiz.de/10010579000

Oil Prices and Venezuela's Economy

Weisbrot, Mark; Ray, Rebecca - Center for Economic and Policy Research (CEPR) - 2008

This paper looks at Venezuela’s export revenue, imports, and trade and current account balances under a range of oil price outcomes for the next two years. It finds that Venezuela would run large current account surpluses for prices between $60-90 per barrel, and would even run a small surplus...

Persistent link: https://www.econbiz.de/10005048519