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Mortgage finance and technological change
Döttling, Robin; Perotti, Enrico C. - 2015
business demand for credit and a decline in interest rates. Over time, savings are redirected to mortgage credit, where houses … and mortgage credit leads to high household leverage for low-skill workers, increasing default rates and foreclosures …. Restraining mortgage borrowing is more effective than subsidies to limit mortgage defaults, by containing both leverage and house …
Persistent link: https://www.econbiz.de/10011295717
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House prices, second mortgages and household savings : an empirical investigation for the Netherlands, 1987 - 1994
Rouwendal, Jan; Alessie, Rob - 2002
!reased demand for mortgage loans is caused by substitution from other forms of consumercredit. Contrary to results reported in the …
Persistent link: https://www.econbiz.de/10011327548
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House prices, second mortgages and household savings - an empirical investigation for the Netherlands, 1987 - 1994
Rouwendal, Jan; Alessie, Rob - 2002
Persistent link: https://www.econbiz.de/10001689352
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Changing returns to education in Portugal during the 1980s and early 1990s : OLS and quantile regression estimators
Hartog, Joop; Pereira, Pedro Telhado; Vieira, José … - 1999
Persistent link: https://www.econbiz.de/10000168258
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A public good version of the collective household model : an empirical approach with an application to British household data
Klaveren, Chris van; Praag, Bernard M. S. van; Maassen … - 2008
Persistent link: https://www.econbiz.de/10003690050
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Imports as product and labour market discipline
Boulhol, Hervé; Dobbelaere, Sabien; Maioli, Sara - 2009
Persistent link: https://www.econbiz.de/10003813759
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A public good version of the collective household model : an empirical approach with an application to British household data
Klaveren, Chris van; Praag, Bernard M. S. van; Maassen … - 2008
In this paper we consider an empirical collective household model of time allocation for twoearnerhouseholds. The novelty of this paper is that we estimate a version of the collectivehousehold model, where the internally produced goods and the externally purchased goodsare assumed to be public....
Persistent link: https://www.econbiz.de/10011374423
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Imports as product and labour market discipline
Boulhol, Hervé; Dobbelaere, Sabien; Maioli, Sara - 2008
between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty …
Persistent link: https://www.econbiz.de/10011377465
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Inference for adaptive time series models : stochastic volatility and conditionally Gaussian state space form
Bos, Charles S.; Shephard, Neil G. - 2004
In this paper we replace the Gaussian errors in the standard Gaussian, linear state space model with stochastic volatility processes. This is called a GSSF-SV model. We show that conventional MCMC algorithms for this type of model are ineffective, but that this problem can be removed by...
Persistent link: https://www.econbiz.de/10011334849
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Pricing and hedging guaranteed annuity options via static option replication
Pelsser, Antoon André Jean - 2002 - This version: 12-Mar-2002 13:27
In this paper we derive a market value for Guaranteed Annuity Optionusing martingale modeling techniques. Furthermore, we show how to construct a static replicating portfolio of vanillainterest rate swaptions that replicates the Guaranteed Annuity Option. Finally, we illustrate with historical...
Persistent link: https://www.econbiz.de/10011326973