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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

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

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) - 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

More Pain, No Gain for Greece: Is the Euro Worth the Costs of Pro-Cyclical Fiscal Policy and Internal Devaluation?

Weisbrot, Mark; Montecino, Juan Antonio - Center for Economic and Policy Research (CEPR) - 2012

This week the Greek government reached agreement with the European authorities and the IMF for 130 billion euros in lending, as part of a new adjustment package to replace the current IMF program that began in May of 2010. Although the agreement should allow the government to avoid default in...

Persistent link: https://www.econbiz.de/10009651286

Latvia's Internal Devaluation: A Success Story?

Weisbrot, Mark; Ray, Rebecca - Center for Economic and Policy Research (CEPR) - 2011

Advocates of an economic strategy of “internal devaluation” have recently pointed to Latvia as an example of successful macroeconomic policy. The Latvian economy is projected to grow by four percent in 2011. They argue that the Latvian government, along with the European authorities...

Persistent link: https://www.econbiz.de/10010541808

Do Tax Cuts Boost the Economy?

Rosnick, David; Baker, Dean - Center for Economic and Policy Research (CEPR) - 2011

There are many economists who argue that temporary tax cuts, like those in the 2009 stimulus and the ones proposed by President Obama last week, have no impact on the economy. They argue that people will save a temporary tax credit rather than spend it. Stanford Economics Professor John Taylor,...

Persistent link: https://www.econbiz.de/10009293654

The Argentine Success Story and its Implications

Weisbrot, Mark; Ray, Rebecca; Montecino, Juan; Kozameh, Sara - Center for Economic and Policy Research (CEPR) - 2011

The Argentine economy has grown 94 percent for the years 2002-2011, using International Monetary Fund projections for the end of this year. This is the fastest growth in the Western Hemisphere for this period, and among the highest growth rates in the world. It also compares favorably to...

Persistent link: https://www.econbiz.de/10009359466

Decreasing Inequality Under Latin America’s “Social Democratic” and “Populist” Governments: Is the Difference Real?

Montecino, Juan A. - Center for Economic and Policy Research (CEPR) - 2011

This paper addresses the claim that the governments of Argentina, Bolivia, Ecuador and Venezuela, Latin America’s so-called “left-populist” governments, have failed to effectively reduce inequality in the 2000s and have only benefitted from high commodity prices and other benign external...

Persistent link: https://www.econbiz.de/10009359467