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Household financial distress and the burden of "aggregate" shocks
Athreya, Kartik B.; Mather, Ryan; Mustre-del-Río, José; … - 2020
The goal of this paper is to show that household-level financial distress (FD) varies greatly, meaning there is unequal exposure to macroeconomic risk, and that FD can increase macroeconomic vulnerability. To do this, we first establish three facts: (i) regions in the U.S. vary significantly in...
Persistent link: https://www.econbiz.de/10012391177
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Household financial distress and the burden of "aggregate" shocks
Athreya, Kartik B.; Mather, Ryan; Mustre-del-Río, José; … - 2020
Persistent link: https://www.econbiz.de/10012499002
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The Macroeconomic Effects of Government Asset Purchases : Evidence from Postwar Us Housing Credit Policy
Fieldhouse, Andrew - 2017
We document the portfolio activity of federal housing agencies and provide evidence on its impact on mortgage markets … in agency mortgage holdings. Based on those regulatory events that we classify as unrelated to short-run cyclical or … credit market shocks, we find that an increase in mortgage purchases by the agencies boosts mortgage lending, in particular …
Persistent link: https://www.econbiz.de/10012963173
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The macroeconomic effects of government asset purchases : evidence from postwar U.S. housing credit policy
Fieldhouse, Andrew J.; Mertens, Karel; Ravn, Morten O. - In: The quarterly journal of economics 133 (2018) 3, pp. 1503-1560
Persistent link: https://www.econbiz.de/10012260650
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The macroeconomic effects of government asset purchases : evidence from postwar US housing credit policy
Fieldhouse, Andrew; Mertens, Karel; Ravn, Morten O. - 2017
Persistent link: https://www.econbiz.de/10011636273
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The macroeconomic effects of government asset purchases : evidence from postwar US housing credit policy
Fieldhouse, Andrew; Mertens, Karel; Ravn, Morten O. - 2017
Persistent link: https://www.econbiz.de/10011618935
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The Macroeconomic Effects of Government Asset Purchases : Evidence from Postwar US Housing Credit Policy
Fieldhouse, Andrew - 2017
We document the portfolio activity of federal housing agencies and provide evidence on its impact on mortgage markets … in agency mortgage holdings. Based on those regulatory events that we classify as unrelated to short-run cyclical or … credit market shocks, we find that an increase in mortgage purchases by the agencies boosts mortgage lending, in particular …
Persistent link: https://www.econbiz.de/10012455527
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The macroeconomic effects of government asset purchases : evidence from postwar US housing credit policy
Fieldhouse, Andrew; Mertens, Karel; Ravn, Morten O. - 2017
Persistent link: https://www.econbiz.de/10012171921
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Explaining the cyclical volatility of consumer debt risk using a heterogeneous agents model : the case of Chile
Madeira, Carlos - In: Journal of financial stability 39 (2018), pp. 209-220
Persistent link: https://www.econbiz.de/10012159768
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Lending through the cycle : the Federal Housing Administration's evolving risk in the primary market
Smith, Brent C. - In: Atlantic economic journal : AEJ 40 (2012) 3, pp. 253-271
Persistent link: https://www.econbiz.de/10009660623