Showing 1 - 10 of 1,067
Persistent link: https://www.econbiz.de/10011890988
Persistent link: https://www.econbiz.de/10010374141
mortgage design interact with monetary policy? We answer these questions using a quantitative equilibrium life cycle model with … policy. Designs that raise mortgage payments in booms and lower them in recessions do better than designs with fixed mortgage … reductions over the life of the mortgage. Front-loading alleviates household liquidity constraints in states where they are most …
Persistent link: https://www.econbiz.de/10012923712
Persistent link: https://www.econbiz.de/10012653267
Persistent link: https://www.econbiz.de/10013264968
Persistent link: https://www.econbiz.de/10011891002
Persistent link: https://www.econbiz.de/10014535758
This paper uses a structural model to show that foreclosures played a crucial role in exacerbating the recent housing bust and to analyze foreclosure mitigation policy. We consider a dynamic search model in which foreclosures freeze the market for non-foreclosures and reduce price and sales...
Persistent link: https://www.econbiz.de/10012863685
Persistent link: https://www.econbiz.de/10013415376
Persistent link: https://www.econbiz.de/10010471058