Similar Search Results

Losing Public Health Insurance : Tenncare Disenrollment and Personal Financial Distress

Argys, Laura M. - 2019

A main goal of health insurance is to smooth out the financial risk that comes with health shocks and health care. Nevertheless, there has been relatively sparse evidence on how health insurance affects financial outcomes. The few studies that exist focus on the effect of gaining health...

Persistent link: https://www.econbiz.de/10012901140

COVID-19 and SME Failures

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021

measure each firm’s liquidity shortfall during and after COVID-19. Our framework allows for a rich combination of sectoral and …

Persistent link: https://www.econbiz.de/10013232582

A theory of housing demand shocks

Liu, Zheng; Wang, Pengfei; Zha, Tao - 2019

Aggregate housing demand shocks are an important source of house price fluctuations in the standard macroeconomic models, and through the collateral channel, they drive macroeconomic fluctuations. These reduced-form shocks, however, fail to generate a highly volatile price-to-rent ratio that...

Persistent link: https://www.econbiz.de/10011987419

Foreclosure externalities and vacant property registration ordinances

Biswas, Arnab; Cunningham, Christopher R.; Gerardi, … - 2019

This paper tests the effectiveness of vacant property registration ordinances (VPROs) in reducing negative externalities from foreclosures. VPROs were widely adopted by local governments across the United States during the foreclosure crisis and facilitated the monitoring and enforcement of...

Persistent link: https://www.econbiz.de/10012122985

Credit Card Debt Puzzle : Liquid Assets to Pay Bills

Greene, Claire; Stavins, Joanna - 2022

Using transaction data from a US consumer payments diary, we revisit the credit card debt puzzle—a scenario in which consumers revolve credit card debt while also keeping liquid assets as bank account deposits. This scenario is very common: 42 percent of consumers in our sample were...

Persistent link: https://www.econbiz.de/10014236280

Covid-19 and Smes : A 2021 "Time Bomb"?

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2021

This paper assesses the prospects of a 2021 time bomb in small and medium-sized enterprises (SME) failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 time bomb for SMEs. Rather, business...

Persistent link: https://www.econbiz.de/10014048706

Fracking and Mortgage Default

Cunningham, Chris; Gerardi, Kristopher; Shen, Yannan - 2017

This paper ?nds that increased hydraulic fracturing, or \"fracking,\" along the Marcellus Formation in Pennsylvania had a signi?cant, negative effect on mortgage credit risk. Controlling for potential endogeneity bias by utilizing the underlying geologic properties of the land as instrumental...

Persistent link: https://www.econbiz.de/10014352394

Liquidity Backstops and Dynamic Debt Runs

Wei, Bin; Yue, Vivian Z. - 2017

Liquidity backstops have important implications for financial stability. In this paper, we provide a microfoundation … for the important role of liquidity backstops in mitigating runs (or, conversely, the role of the lack of liquidity … financial crisis of 2007?09 provide a natural experiment to identify the value of a liquidity backstop in mitigating runs …

Persistent link: https://www.econbiz.de/10014352417