Jeske, Karsten; Krueger, Dirk; Mitman, Kurt - In: Journal of Monetary Economics 60 (2013) 8, pp. 917-935
What are the macroeconomic and distributional effects of government bailout guarantees for Government Sponsored Enterprises (e.g., Fannie Mae)? A model with heterogeneous, infinitely lived households and competitive housing and mortgage markets is constructed to evaluate this question....