The ongoing financial crisis so far cost the German financial sector 38 billion Euros due to losses on its mortgage …

. Mortgage loans are important from a financial perspective due to their large share in banks' assets and their long credit …

In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since … when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may … withdrawal and interest rates and find that indeed mortgage equity withdrawal is a key determinant of the observed saving pattern …

This article proposes an estimation approach for panel models with mixed continuous and ordered categorical outcomes … qualification in terms of income and perceived job security in a nine-year period based on the German Socio-Economic Panel (SOEP …

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model … ; spatial correlation ; spatial panel model …

wealth approximated by price indices for a panel of industrialized countries. Consumption, income and wealth are cointegrated … income hypothesis ; panel cointegration ; wealth effects …

Using a firm-level panel data set I assess whether dynamic models of in- vestment provide an empirically fruitful …) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has … not been considered in previous studies on investment even though most (if not all) panel data sets on firms are …

bivariate time series process of panel data with mixed continuous and discrete dependent variables. The approach is used to …