Showing 1 - 10 of 503
Since 2008, the central banks of advanced countries have borrowed trillions of dollars from their commercial banks in the form of interest-paying reserves and invested the proceeds in portfolios of risky assets. We investigate how this new style of central banking affects central banks'...
Persistent link: https://www.econbiz.de/10013022593
Fixing the investment horizon, the returns to currency carry trades decrease as the maturity of the foreign bonds increases. The local currency term premia, which increase with the maturity, offset the currency risk premia. The time-series predictability of foreign bond returns in dollars...
Persistent link: https://www.econbiz.de/10013073193
Low- and middle-income college borrowers often struggle with economic opportunity and loan burdens after leaving school. However, some institutions, including some non-selective schools, do a good job of providing economic mobility to low-income students. This implies that there is scope for a...
Persistent link: https://www.econbiz.de/10012963764
Framing remains one of the pillars of behavioral economics. While framing effects have been found to be quite important in the lab, what is less clear is how well evidence drawn from naturally-occurring settings conforms to received laboratory insights. We use debt obligation to the UK...
Persistent link: https://www.econbiz.de/10013021888
Only about one-fifth of respondents in the Reuters/University of Michigan survey report that the 2008 tax rebates led them to mostly increase spending, while over half said it would lead them to mostly pay off debt. Of those in the mostly-spend category, the response was swift, with over 80...
Persistent link: https://www.econbiz.de/10013150550
This paper reviews the literature on international comparative household finance. The paper presents summary statistics … on household balance sheets for 13 developed countries, and uses these statistics to discuss common features and …
Persistent link: https://www.econbiz.de/10012997290
Indonesian economic crisis on household welfare there. Using only pre-crisis household information, we estimate the compensating …-parametric methods. We find that virtually every household was severely impacted, although it was the urban poor that fared the worst … the geographic location of the household mattered even within urban or rural areas and household income categories …
Persistent link: https://www.econbiz.de/10013226160
A growing body of empirical evidence shows that some financial aid programs increase college enrollment. Puzzlingly, there is little compelling evidence that Pell Grants and Stafford Loans, the primary federal student aid programs, are effective in achieving this goal. In this paper, we provide...
Persistent link: https://www.econbiz.de/10012759532
being credit rationed, loan size, and the probability of bankruptcy using household-level data from the Japanese Panel … Survey of Consumers, conducted by the Institute for Research on Household Economics, in conjunction with judicial data by … credit rationed and decreases loan size. Furthermore, we find that better judicial enforcement increases the probability of …
Persistent link: https://www.econbiz.de/10013149297
confirm empirically that the bulk of the time variation in household mortgage choice can be explained by time variation in the …
Persistent link: https://www.econbiz.de/10012759874