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Rushing into American Dream? House Prices, Timing of Homeownership, and Adjustment of Consumer Credit
Agarwal, Sumit; Hu, Luojia; Huang, Xing - Federal Reserve Bank of Chicago - 2013
In this paper we use a large panel of individuals from Consumer Credit Panel dataset to study the timing of homeownership as a function of credit constraints and expectations of future house price. Our panel data allows us to track individuals over time and we model the transition probability of...
Persistent link: https://www.econbiz.de/10010739552
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The pitfalls in inferring risk from financial market data
Bliss, Robert R. (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658371
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Recovering risk aversion from options
Bliss, Robert R. (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658437
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Revisiting the Role of Home Production in Life-Cycle Labor Supply
Faberman, R. Jason - Federal Reserve Bank of Chicago - 2015
biases its estimate downwards. I also show, however, that ignoring other ways a household can satisfy the demand for home … effect can be mitigated through purchases in the market and through the home production of other household members. When …
Persistent link: https://www.econbiz.de/10011273718
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Quantification of operational risk
Brown, Matthew; Jordan, John S.; Rosengren, Eric S. - Federal Reserve Bank of Chicago - 2002
Persistent link: https://www.econbiz.de/10010723699
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Integrated risk management: a dynamic process for getting it front of risk
Glassman, Cynthia A. - Federal Reserve Bank of Chicago - 1998
Persistent link: https://www.econbiz.de/10010724669
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Human Capital and Long-Run Labor Income Risk
Benzoni, Luca; Chyruk, Olena - Federal Reserve Bank of Chicago - 2013
to assess the value and risk of pension promises. Finally, we discuss how to enrich the environment with heterogeneity in …This review article examines the role of labor income risk in determining the value of a person’s human capital. We …
Persistent link: https://www.econbiz.de/10010735414
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A Portfolio-Balance Approach to the Nominal Term Structure
King, Thomas B. - Federal Reserve Bank of Chicago - 2013
Explanations of why changes in the relative quantities of safe debt seem to affect asset prices often appeal informally to a “portfolio balance” mechanism. I show how this type of effect can be incorporated in a general class of structural, arbitrage-free asset-pricing models using a...
Persistent link: https://www.econbiz.de/10011027196