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The Macroeconomics of U.S. Consumer Bankruptcy Choice : Chapter 7 or Chapter 13?
Li, Wenli - 2012
Because of the recent surge in U.S. personal defaults, Congress is currently debating bankruptcy reform legislation requiring a means test for Chapter 7 filers. This paper explores the effects of such a reform in a model where, in contrast to previous work, bankruptcy options and production are...
Persistent link: https://www.econbiz.de/10013097246
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Price stability and monetary policy effectiveness when nominal interest rates are bounded at zero
Orphanides, Athanasios; Wieland, Volker - 1998
Persistent link: https://www.econbiz.de/10001350282
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The boundaries of central bank independence : lessons from unconventional times
Orphanides, Athanasios - 2018
too-low inflation. The experience of the Bank of Japan's encounter with the zero lower bound suggests important benefits … Geldpolitik auch beim Einsatz unkonventioneller Maßnahmen erfolgreich ist? Athanasios Orphanides analysiert die Maßnahmen der Bank … of Japan (BoJ) seit den späten 1990er Jahren und zeigt auf, worauf bei der Formulierung geachtet werden sollte. …
Persistent link: https://www.econbiz.de/10011901698
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Monetary policy in deflation : the liquidity trap in history and practice
Orphanides, Athanasios - 2004
Persistent link: https://www.econbiz.de/10001904094
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Monetary policy in deflation : the liquidity trap in history and practice
Orphanides, Athanasios; Shiratsuka, Shigenori - In: The North American journal of economics and finance : a … 15 (2004) 1, pp. 101-124
Persistent link: https://www.econbiz.de/10001981476
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The boundaries of central bank independence: lessons from unconventional times
Orphanides, Athanasios - 2018
Persistent link: https://www.econbiz.de/10013447827
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The dynamics of adjustable-rate subprime mortgage default : a structural estimation
Fang, Hanming; Kim, You Suk; Li, Wenli - 2015
Persistent link: https://www.econbiz.de/10011430123
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An anatomy of U.S. personal bankruptcy under Chapter 13
Eraslan, Hülya; Koşar, Gizem; Li, Wenli; Sarte, … - 2016
We build a structural model of Chapter 13 bankruptcy that captures salient features of personal bankruptcy under Chapter 13. We estimate our model using a novel data set that we construct from bankruptcy court dockets recorded in Delaware in 2001 and 2002. Our estimation results highlight the...
Persistent link: https://www.econbiz.de/10011419852
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The dynamics of adjustable-rate subprime mortgage default : a structural estimation
Fang, Hanming; Kim, You Suk; Li, Wenli - 2015
We present a dynamic structural model of subprime adjustable-rate mortgage (ARM) borrowers making payment decisions taking into account possible consequences of different degrees of delinquency from their lenders. We empirically implement the model using unique data sets that contain information...
Persistent link: https://www.econbiz.de/10011499436
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The dynamics of adjustable-rate subprime mortgage default : a structural estimation
Fang, Hanming; Kim, You Suk; Li, Wenli - 2016
Persistent link: https://www.econbiz.de/10011449387