!reased demand for mortgage loans is caused by substitution from other forms of consumercredit. Contrary to results reported in the …

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 …

as well as the number of houses sold. According to the estimated model, shocks to market fundamentals (the mortgage rate …

pooled timeseries estimation on a forward-looking monetary model, resulting inparameter estimates which are in compliance … residuals of our pooled estimated modelare stationary. This indicates that on a pooled time series levelthere is cointegration …

This paper features an analysis of the cointegration relationships among agricultural commodity, ethanol and Cushing … cointegration and Markov-switching VECM and Impulse Response Analysis, confirms that these markets have significant linkages which …