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Long-run relations between labor income, stock prices, and house prices and their implications for household decisions
Ascheberg, Marius; Kraft, Holger; Munk, Claus; Weiss, Farina - In: Essays on empirical asset pricing, dynamic asset …, (pp. 97-146). 2013
Persistent link: https://www.econbiz.de/10010412567
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When should retirees tap their home equity?
Hambel, Christoph; Kraft, Holger; Meyer-Wehmann, André - In: Journal of banking & finance 154 (2023), pp. 1-28
Persistent link: https://www.econbiz.de/10014491715
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When should retirees tap their home equity?
Hambel, Christoph; Kraft, Holger; Meyer-Wehmann, André - 2020 - Current version: August 27, 2020
This paper studies a household's optimal demand for a reverse mortgage. These contracts allow homeowners to tap their … home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a reverse mortgage is … reduces the risky portfolio share and is more likely to enter a reverse mortgage. On the other hand, if there is a large drop …
Persistent link: https://www.econbiz.de/10012303151
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What is the impact of stock market contagion on an investor's portfolio choice?
Branger, Nicole; Kraft, Holger; Meinerding, Christoph - 2009
Stocks are exposed to the risk of sudden downward jumps. Additionally, a crash in one stock (or index) can increase the risk of crashes in other stocks (or indices). Our paper explicitly takes this contagion risk into account and studies its impact on the portfolio decision of a CRRA investor...
Persistent link: https://www.econbiz.de/10009764762
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Asset allocation and liquidity breakdowns : what if your broker does not answer the phone?
Diesinger, Peter M.; Kraft, Holger; Seifried, Frank Thomas - In: Finance and stochastics 14 (2010) 3, pp. 343-374
Persistent link: https://www.econbiz.de/10010216488
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What is the impact of stock market contagion on an investor's portfolio choice?
Branger, Nicole; Kraft, Holger; Meinerding, Christoph - In: Insurance / Mathematics & economics 45 (2009) 1, pp. 94-112
Persistent link: https://www.econbiz.de/10009517592
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Government policies, residential mortgage defaults, and the boom and bust cycle of housing prices
Ascheberg, Marius; Jarrow, Robert A.; Kraft, Holger; … - In: Essays on empirical asset pricing, dynamic asset …, (pp. 183-216). 2013
Persistent link: https://www.econbiz.de/10010412565
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When Should Retirees Tap Their Home Equity?
Hambel, Christoph - 2020
This paper studies a household's optimal demand for a reverse mortgage. These contracts allow homeowners to tap their … home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a reverse mortgage is … reduces the risky portfolio share and is more likely to enter a reverse mortgage. On the other hand, if there is a large drop …
Persistent link: https://www.econbiz.de/10012824616
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Government Policies, Residential Mortgage Defaults, and the Boom and Bust Cycle of Housing Prices
Ascheberg, Marius - 2015
, and (ii) monetary policy is the most effective tool for decreasing mortgage defaults and increasing aggregate home prices … in contrast to alternative government fiscal policies designed to loosen mortgage credit …
Persistent link: https://www.econbiz.de/10013035989
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Government Policies, Residential Mortgage Defaults, and the Boom and Bust Cycle of Housing Prices
Ascheberg, Marius - 2015
mortgage defaults and increasing aggregate home prices in contrast to alternative government fiscal policies designed to loosen … mortgage credit …
Persistent link: https://www.econbiz.de/10013038412