Search Results
Journal Article
The credit crunch and the real bills doctrine
Journal Article
The discount rate and market interest rates: theory and evidence
Journal Article
Allocating credit
Conference Paper
Credit counseling and mortgage termination by low-income households
Published research on credit counseling and mortgage termination is surprisingly scarce, despite substantial growth in this industry. While the purpose of counseling is to assist low-income borrowers to improve their handling of debt and thereby reduce default, counseling may also improve the borrowers? understanding of their financial position and thus induce optimal mortgage termination. Using a competing-risks framework, we study the effects on default and prepayment of a counseling program implemented in several Midwest states. We find weak evidence of that the default hazard was lower ...
Journal Article
Monetary policy transmission: through money or credit?
Journal Article
Voluntary action to help curb inflation