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Productivity research is Canada has traditionally focused on narrow economic issues. In our view, it has given inadequate attention to the broader ramifications of productivity, both in terms of shedding light on the importance of productivity for the advancement of various aspects of social...
Persistent link: https://www.econbiz.de/10005518911
Using a variety of datasets, we document some basic facts about the current subprime crisis. Many of these facts are applicable to the crisis at a national level, while some illustrate problems relevant only to Massachusetts and New England. We conclude by discussing some outstanding questions...
Persistent link: https://www.econbiz.de/10003713651
In this paper, we propose a new spatial framework to model excess commuting of workers and we show empirical differences between the self-employed and employees in the US. In a theoretical framework where self-employed workers minimize their commuting time, employees do not minimize their...
Persistent link: https://www.econbiz.de/10011348299
The Great Recession had significant economic effects both in the U.S. and around the world. There is evidence that homeownership rates declined during this period, though some immigrants were less severely affected compared to natives. In this paper we investigate the role of several factors in...
Persistent link: https://www.econbiz.de/10009763229
incentives to take advantage of the protection due to the lower costs of foreclosure. We also find that the recent housing market …
Persistent link: https://www.econbiz.de/10013082068
U.S. Housing Market", available at: "https://ssrn.com/abstract=3395911" https://ssrn.com/abstract=3395911 …
Persistent link: https://www.econbiz.de/10012869487
I study whether banks' loan loss provisioning contributed to economic downturns by examining the U.S. housing market … aggregate effects of banks' DLR on the housing market. I find high DLR banks reduced mortgage supply, leading high exposure ZIP …
Persistent link: https://www.econbiz.de/10012869492
Most research studying family financial behavior of racial/ethnic groups has ignored Asian households or arbitrarily combined them with other racial/ethnic groups. We treated Asian households as a separate racial/ethnic group to compare twelve financial behaviors and attitudes of Asian...
Persistent link: https://www.econbiz.de/10013024749
abnormally low U.S. housing starts of recent years. We use housing and mortgage markets data that should capture the liquidity … might have been transmitted to housing and mortgage markets. Using monthly MSA level data, we find that expected housing … starts are related across time to fluctuations in the aggregate liquidity factors. Specifically, we find that housing starts …
Persistent link: https://www.econbiz.de/10013025210
This paper provides evidence for the propagation of idiosyncratic mortgage supply shocks to the macroeconomy. Based on micro-level data from the Home Mortgage Disclosure Act for the 1990-2016 period, our results suggest that lender-specific mortgage supply shocks affect aggregate mortgage, house...
Persistent link: https://www.econbiz.de/10013240004