Showing 1 - 10 of 297
Persistent link: https://www.econbiz.de/10011890988
Persistent link: https://www.econbiz.de/10010374141
Persistent link: https://www.econbiz.de/10012653267
Persistent link: https://www.econbiz.de/10013264968
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/10012480160
Persistent link: https://www.econbiz.de/10011891002
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 … concentrate them in recessions outperform designs that spread payment reductions over the life of the mortgage. Front …
Persistent link: https://www.econbiz.de/10012453268
Persistent link: https://www.econbiz.de/10014535758
Persistent link: https://www.econbiz.de/10013415376
Persistent link: https://www.econbiz.de/10010471058