Narrow search
Showing 1 - 10 of 451
Cover Image
Foreclosure externalities: Some new evidence
Gerardi, Kristopher; Rosenblatt, Eric; Willen, Paul S.; … - 2012
In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …
Persistent link: https://www.econbiz.de/10010292258
Cover Image
Reducing foreclosures: No easy answers
Foote, Christopher L.; Gerardi, Kristopher; Goette, Lorenz - 2009
done to stop it. We use an economic model to focus on two key decisions: the borrower's choice to default on a mortgage and … illustrate that unaffordable loans, defined as those with high mortgage payments relative to income at origination, are unlikely …
Persistent link: https://www.econbiz.de/10010292331
Cover Image
Modeling a distribution of mortgage credit losses
Gapko, Petr; Šmíd, Martin - 2010
means of past mortgage deliquency rates. We give a statistical evidence that the non-normal model is much more suitable than …
Persistent link: https://www.econbiz.de/10010322287
Cover Image
Foreclosure externalities: Some new evidence
Gerardi, Kristopher S.; Rosenblatt, Eric; Willen, Paul S.; … - 2012
In a recent set of influential papers, researchers have argued that residential mortgage foreclosures reduce the sale … mortgage distress on house prices. …
Persistent link: https://www.econbiz.de/10010377447
Cover Image
Driving Factors of the Subprime Crisis and Some Reform Proposals
Rudolph, Bernd; Scholz, Julia - In: CESifo DICE Report 06 (2008) 3, pp. 14-19
Persistent link: https://www.econbiz.de/10011696646
Cover Image
Mortgage interest rate dispersion in the euro area
Kok, Christoffer; Lichtenberger, Jung-Duk - 2007
Despite the remarkable economic and financial convergence over the last ten years in the euro area, mortgage interest … rates still differ across countries. This note presents some stylised facts on the heterogeneity of mortgage interest rates … market: the market for mortgage loans. This allows us to identify more clearly the role of specific structural features …
Persistent link: https://www.econbiz.de/10011604779
Cover Image
The yield curve slope and monetary policy innovations
Gamber, Edward N.; Joutz, Frederick L. - 2005
We separate changes of the federal funds rate into two components; one reflects the Fed's superior forecasts about the state of the economy and the other component reflects the Fed's reaction to the public's forecast about the state of the economy. Romer and Romer (2000) found that the Fed...
Persistent link: https://www.econbiz.de/10010293721
Cover Image
Level, Slope, Curvature: Characterising the Yield Curve in a Cointegrated VAR Model
Giese, Julia V. - 2008
Empirical evidence on the expectations hypothesis of the term structure is in-conclusive and its validity widely debated. Using a cointegrated VAR model of US treasury yields, this paper extends a common approach to test the theory. If, as we find, spreads between two yields are non-stationary,...
Persistent link: https://www.econbiz.de/10010295270
Cover Image
Forecasting the term structure of government bond yields
Diebold, Francis X.; Li, Canlin - 2003
Despite powerful advances in yield curve modeling in the last twenty years, comparatively little attention has been paid to the key practical problem of forecasting the yield curve. In this paper we do so. We use neither the no-arbitrage approach, which focuses on accurately fitting the cross...
Persistent link: https://www.econbiz.de/10010298283
Cover Image
Modeling bond yields in finance and macroeconomics
Diebold, Francis X.; Piazzesi, Monica; Rudebusch, Glenn D. - 2005
From a macroeconomic perspective, the short-term interest rate is a policy instrument under the direct control of the central bank. From a finance perspective, long rates are risk-adjusted averages of expected future short rates. Thus, as illustrated by much recent research, a joint...
Persistent link: https://www.econbiz.de/10010298296