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Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Massachusetts Mortgage Bankers Association 2009 Annual Dinner, January 8, 2009
Persistent link: https://www.econbiz.de/10010726558
Reverse mortgage loans (RMLs) allow older homeowners to borrow against housing wealth without moving. In spite of …
Persistent link: https://www.econbiz.de/10010667570
This paper presents the experiences of the housing finance market in Chile. It was first presented at a regional … evolution of housing finance in Chile, including the role of the government and the development of the secondary market for …
Persistent link: https://www.econbiz.de/10009205892
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This paper describes an equilibrium life-cycle model of housing where nonconvex adjustment costs lead households to … adjust their housing choice infrequently and by large amounts when they do so. In the cross-sectional dimension, the model … of housing adjustment. In the time-series dimension, the model accounts for the procyclicality and volatility of housing …
Persistent link: https://www.econbiz.de/10008623378
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, at the Massachusetts Mortgage Bankers Association 2009 Annual Dinner, January 8, 2009
Persistent link: https://www.econbiz.de/10008691060
The financial crisis showed, once again, that neglecting real estate booms can have disastrous consequences. In this paper, we spell out the circumstances under which a more active policy agenda on this front would be justified. Then, we offer tentative insights on the pros and cons as well as...
Persistent link: https://www.econbiz.de/10009019603