Narrow search
Showing 1 - 10 of 507
Cover Image
Recession and Deflation?
Blanchflower, David G.; Bryson, Alex - 2022
Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters for wage growth are the non-employment rate and the...
Persistent link: https://www.econbiz.de/10014242328
Cover Image
The Heterogeneous Response of Real Estate Asset Prices to a Global Shock
Heiniger, Sandro; Koeniger, Winfried; Lechner, Michael - 2022
We estimate the transmission of the pandemic shock in 2020 to prices in the residential and commercial real estate market by causal machine learning, using new granular data at the municipal level for Germany. We exploit differences in the incidence of Covid infections or short-time work at the...
Persistent link: https://www.econbiz.de/10014236294
Cover Image
Is There Discriminatory Mortgage Pricing Against Immigrants in the Spanish Lending Market?
Diaz-Serrano, Luis - 2011
In this paper, we investigate whether evidence of discriminatory treatment against immigrants in the Spanish mortgage …-Blinder decomposition to measure the extent to which this disparate treatment of lenders in mortgage pricing against immigrants is due to …
Persistent link: https://www.econbiz.de/10013128211
Cover Image
Mortgage Finance in Central and Eastern Europe : Opportunity or Burden?
Beck, Thorsten - 2010
determinants of access to mortgage finance. It also examines whether mortgage holders were more likely to suffer financial distress … compared with non-mortgage holders in the period before the global financial crisis. The analysis does not find any systematic … evidence that mortgage holders are financially more vulnerable than renters or outright owners; in fact, the incidence of …
Persistent link: https://www.econbiz.de/10013147559
Cover Image
Making Use of Home Equity : The Potential of Housing Wealth to Enhance Retirement Security
Bravo, Jorge Miguel - 2019
amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …
Persistent link: https://www.econbiz.de/10012861296
Cover Image
Dynastic Home Equity
Benetton, Matteo; Kudlyak, Marianna; Mondragon, John - 2022
Using a nationally representative panel of consumer credit records for the US from 1999 to 2021, we document a positive correlation between child and parent homeownership. We propose a new causal mechanism behind this relationship based on parents extracting home equity to help finance their...
Persistent link: https://www.econbiz.de/10013404697
Cover Image
Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...
Persistent link: https://www.econbiz.de/10013119292
Cover Image
Who Bears the Welfare Costs of Monopoly? The Case of the Credit Card Industry
Herkenhoff, Kyle - 2019
How are the welfare costs from monopoly distributed across U.S. households? We answer this question for the U.S. credit card industry, which is highly concentrated, charges interest rates that are 3.4 to 8.8 percentage points above perfectly competitive pricing, and has repeatedly lost antitrust...
Persistent link: https://www.econbiz.de/10012857699
Cover Image
Homeownership and Entrepreneurship : The Role of Commitment and Mortgage Debt
Bracke, Philippe - 2013
where homeowners commit a fixed budget to mortgage payments. Our model predicts that: (i) mortgage commitments, by … and entrepreneurship is increasing in mortgage debt; and (iii) the negative relation is more pronounced for entrepreneurs …
Persistent link: https://www.econbiz.de/10013080871
Cover Image
The Role of the Housing Market in Workers' Resilience to Job Displacement after Firm Bankruptcy
Meekes, Jordy - 2017
We examine the role of the housing market in workers' adjustment to job displacement. Dutch administrative data were used and analysed with a quasi-experimental design involving job displacement. The empirical design eliminates the potential of endogenous selection into labour turnover. The...
Persistent link: https://www.econbiz.de/10012950864