Search Results

Showing results 1 to 2 of approximately 2.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:McCully, Brett 

Discussion Paper
Is Underemployment Underestimated? Evidence from Panel Data

Despite a broad recovery of the U.S. economy from the depths of the Great Recession, lingering slack remains in the labor market.
FEDS Notes

Working Paper
How Much Are Car Purchases Driven by Home Equity Withdrawal?

Previous research indicates that changes in housing wealth affect consumer spending on cars. We find that home equity extraction plays only a small role in this relationship. Consumers rarely use funds from equity extraction to purchase a car directly, even during the mid-2000s housing boom; this finding holds across three nationally representative household surveys. We find in credit bureau data that equity extraction does lead to a statistically significant increase in auto loan originations, consistent with equity extraction easing borrowing constraints in the auto loan market. This ...
Finance and Economics Discussion Series , Paper 2015-106

FILTER BY year

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

D12 1 items

D14 1 items

E21 1 items

G21 1 items

FILTER BY Keywords

PREVIOUS / NEXT