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Consumer bankruptcy, mortgage default and labour supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic … Bankruptcy policy. …
Persistent link: https://www.econbiz.de/10013479037
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Is Attack the Best form of Defence? A Competing Risks Analysis of Acquisition Activity in the UK
Dickerson, Andrew P.; Gibson, Heather D.; Tsakalotos, Euclid - 1999
bankruptcy. The determinants of making an acquisition, being taken over, and bankruptcy are modelled within a competing risks …
Persistent link: https://www.econbiz.de/10010443323
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Behavioural credit cycles
Delli Gatti, Domenico; Iannotta, Gabriele - 2022
We explore the intertwined dynamics of asset prices and the macroeconomy in a Behavioural model of Credit Cycles (BCC) characterized by a credit friction à la Kiyotaki and Moore and heterogeneous expectations cum heuristic switching à la Brock and Hommes. This behavioural approach allows to...
Persistent link: https://www.econbiz.de/10014550320