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Learning, Rare Disasters, and Asset Prices
Lu, Yang; Siemer, Michael - Federal Reserve Board (Board of Governors of the … - 2013
In this paper, we examine how learning about disaster risk affects asset pricing in an endowment economy. We extend the literature on rare disasters by allowing for two sources of uncertainty: (1) the lack of historical data results in unknown parameters for the disaster process, and (2) the...
Persistent link: https://www.econbiz.de/10010728883
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In Search of a Risk-free Asset
Yankov, Vladimir - Federal Reserve Board (Board of Governors of the … - 2014
to what extent information (search) costs on the part of the investors in this market can explain the observed pricing … behavior. I build and estimate an asset pricing model with heterogeneous search cost investors. A large fraction of high … dispersion. I further qualitatively match the asymmetric yield rigidity within the framework of costly consumer search without …
Persistent link: https://www.econbiz.de/10011115663
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Efficiency in housing markets: do home buyers know how to discount?
Hjalmarsson, Erik; Hjalmarsson, Randi - Federal Reserve Board (Board of Governors of the … - 2006
and the present value of future rents. If the co-op housing market is efficient, the present value of co-op rental …-series tests of housing market efficiency. …
Persistent link: https://www.econbiz.de/10005368187
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The housing market and subprime lending
Bernanke, Ben S. - Federal Reserve Board (Board of Governors of the … - 2007
a speech to the 2007 International Monetary Conference, Cape Town, South Africa (via satellite)
Persistent link: https://www.econbiz.de/10010725162
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A supervisor's perspective on mortgage markets and mortgage lending practices: a speech at the Mortgage Bankers Association Presidents Conference, Half Moon Bay, California, June 1...
Bies, Susan Schmidt - Federal Reserve Board (Board of Governors of the … - 2006
Persistent link: https://www.econbiz.de/10010725192
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Economic developments, risks to the outlook, and housing market policies: speech at the Virginia Bankers Association/Virginia Chamber of Commerce 2012 Financial Forecast, Richmond,...
Duke, Elizabeth A. - Federal Reserve Board (Board of Governors of the … - 2012
Persistent link: https://www.econbiz.de/10010725389
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Welcoming remarks: a speech at the Federal Reserve System and Federal Deposit Insurance Corporation Conference on Mortgage Foreclosures and the Future of Housing, Arlington, Virgin...
Bernanke, Ben S. - Federal Reserve Board (Board of Governors of the … - 2010
Persistent link: https://www.econbiz.de/10010725429
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Federal Housing Administration Housing Stabilization and Homeownership Act: testimony before the Committee on Financial Services, U.S. House of Representatives, April 9, 2008
Kroszner, Randall S. - Federal Reserve Board (Board of Governors of the … - 2008
Persistent link: https://www.econbiz.de/10010725459
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GSE portfolios, systemic risk, and affordable housing
Bernanke, Ben S. - Federal Reserve Board (Board of Governors of the … - 2007
a speech before the Independent Community Bankers of America's Annual Convention and Techworld, Honolulu, Hawaii (via satellite)
Persistent link: https://www.econbiz.de/10010725460
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Envisioning a future for housing finance: a speech at the Mortgage Foreclosure Policy Conference, Federal Reserve Bank of Chicago, Chicago, Illinois, December 10, 2009
Duke, Elizabeth A. - Federal Reserve Board (Board of Governors of the … - 2009
Persistent link: https://www.econbiz.de/10010725612