Showing 1 - 10 of 19
Persistent link: https://www.econbiz.de/10010228010
We use a quantitative equilibrium model with houses, collateralized debt, and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one-fourth and one-third of the increase...
Persistent link: https://www.econbiz.de/10010202659
Persistent link: https://www.econbiz.de/10010489577
Persistent link: https://www.econbiz.de/10010491998
The housing boom that preceded the Great Recession was the result of an increase in credit supply driven by looser lending constraints in the mortgage market. This view on the fundamental drivers of the boom is consistent with four empirical observations: the unprecedented rise in home prices,...
Persistent link: https://www.econbiz.de/10010482958
Persistent link: https://www.econbiz.de/10010483564
We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...
Persistent link: https://www.econbiz.de/10010211020
Persistent link: https://www.econbiz.de/10010221258
Persistent link: https://www.econbiz.de/10012029258
The housing boom that preceded the Great Recession was due to an increase in credit supply driven by looser lending constraints in the mortgage market. This view on the fundamental drivers of the boom is consistent with four empirical observations: the unprecedented rise in home prices and...
Persistent link: https://www.econbiz.de/10010441166