Similar Search Results

The effect of interest rates on home buying : evidence from a discontinuity in mortgage insurance premiums

Bhutta, Neil; Ringo, Daniel - 2017

in a large government mortgage program. The Federal Housing Administration (FHA) insures most mortgages to lower …-downpayment, lower credit score borrowers, including a majority of first-time homebuyers. The FHA charges borrowers an annual mortgage …

Persistent link: https://www.econbiz.de/10011710175

Measuring mortgage credit availability : a frontier estimation approach

Anenberg, Elliot; Hizmo, Aurel; Kung, Edward; Molloy, … - 2017

We construct a new measure of mortgage credit availability that describes the maximum amount obtainable by a borrower … of given characteristics. We estimate this "loan frontier" using mortgage originations data from 2001 to 2014 and show … that it reflects a binding borrowing constraint. Our estimates reveal that the expansion of mortgage credit during the …

Persistent link: https://www.econbiz.de/10011803181

Bank failures, capital buffers, and exposure to the housing market bubble

Kara, Gazi I.; Vojtech, Cindy M. - 2017

have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure during the last … stronger capital buffers. Our results suggest that there is scope for improved measures of mortgage loan risk that could be …

Persistent link: https://www.econbiz.de/10011803674

"The ins and outs of mortgage debt during the housing boom and bust"

Bhutta, Neil - 2014

Persistent link: https://www.econbiz.de/10011286187

Monetary policy and the housing bubble

Dokko, Jane; Doyle, Brian M.; Kiley, Michael T.; Kim, Jinill - 2009

Persistent link: https://www.econbiz.de/10003950471

Duration dependence, monetary policy asymmetries, and the business cycle

Berge, Travis J.; Pfajfar, Damjan - 2019

We produce business cycle chronologies for U.S. states and evaluate the factors that change the probability of moving from one phase to another. We find strong evidence for positive duration dependence in all business cycle phases but find that the effect is modest relative to other state- and...

Persistent link: https://www.econbiz.de/10012018443

Uncertainty shocks, monetary policy and long-term interest rates

Amisano, Gianni; Tristani, Oreste - 2019

We study the relationship between monetary policy and long-term rates in a structural, general equilibrium model estimated on both macro and yields data from the United States. Regime shifts in the conditional variance of productivity shocks, or "uncertainty shocks", are an important model...

Persistent link: https://www.econbiz.de/10012018454

The regulatory and monetary policy nexus in the repo market

Anbil, Sriya; Senyuz, Zeynep - 2018

We examine the interaction of regulatory reforms and changes in monetary policy in the U.S. repo market. Using a proprietary data set of repo transactions, we find that differences in regional implementation of Basel III capital reforms intensified European dealers' window-dressing by 80%. Money...

Persistent link: https://www.econbiz.de/10011927168

Effects of changing monetary and regulatory policy on overnight money markets

Klee, Elizabeth; Senyuz, Zeynep; Yoldas, Emre - 2016

Money markets have been operating under a new monetary policy implementation framework since the Federal Reserve started paying interest on bank reserves in late 2008. The regulatory environment has also evolved substantially over this period. We develop and test hypotheses regarding the effects...

Persistent link: https://www.econbiz.de/10011578771

How effective is monetary policy at the zero lower bound? : identification through industry heterogeneity

Skaperdas, Arsenios - 2017

US monetary policy was constrained from 2008 to 2015 by the zero lower bound, during which the Federal Reserve would likely have lowered the federal funds rate further if it were able to. This paper uses industry-level data to examine how growth was affected. Despite the zero bound constraint,...

Persistent link: https://www.econbiz.de/10011710089

1
2
3
4
5
6
7
8
9
10
Next
Last