heterogeneous, infinitely lived households and competitive housing and mortgage markets. Households have the option to default on … equilibrium mortgage origination and increases aggregate welfare, but has little effect on foreclosure rates and housing … Sponsored Enterprises (such as Fannie Mae and Freddy Mac) in the mortgage market. In order to do so we construct a model with …

-sponsored enterprises. We construct a model with competitive housing and mortgage markets in which the government provides banks with … equilibrium housing investment, higher mortgage default rates, and lower welfare. The welfare effects of this policy vary … insurance against aggregate shocks to mortgage default risk. We use this model to evaluate aggregate and distributional impacts …

I develop an equilibrium model of housing and default to jointly analyze the effects of bankruptcy and foreclosure …

heterogeneous, infinitely lived households and competitive housing and mortgage markets. Households have the option to default on … equilibrium mortgage origination and increases aggregate welfare, but has little effect on foreclosure rates and housing … Sponsored Enterprises (such as Fannie Mae and Freddy Mac) in the mortgage market. In order to do so we construct a model with …

This working paper comments on Karsten Jeske and Dirk Krueger's "Housing and the Macroeconomy: The Role of Implicit …

heterogeneous, infinitely lived households and competitive housing and mortgage markets. Households have the option to default on … equilibrium mortgage origination and increases aggregate welfare, but has little effect on foreclosure rates and housing … Sponsored Enterprises (such as Fannie Mae and Freddy Mac) in the mortgage market. In order to do so we construct a model with …

heterogeneous, infinitely lived households and competitive housing and mortgage markets. Households have the option to default on … equilibrium mortgage origination and increases aggregate welfare, but has little effect on foreclosure rates and housing … Sponsored Enterprises (such as Fannie Mae and Freddy Mac) in the mortgage market. In order to do so we construct a model with …