Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Journal Article
The cost of unanticipated household finance shocks : two examples
Neelakantan, Urvi; Athreya, Kartik B. (2011-10)
This article presents two simple calculations aimed at providing a first step in quantifying the costs of unanticipated financial shocks to a household. The two types of shocks considered are (1) an unanticipated drop in net worth and (2) an unexpected increase in the interest rate on borrowing. The shocks are faced by households in a life-cycle consumption-savings model and the costs are measured in terms of annual consumption. In general, for empirically plausible shocks, the results show that net worth shocks are substantially costlier than interest rate shocks. The costs of the shocks ...
Economic Quarterly , Volume 97 , Issue 4Q , Pages 431-450

Working Paper
Loan guarantees for consumer credit markets
Athreya, Kartik B.; Tam, Xuan S.; Young, Eric (2011)
Loan guarantees are arguably the most widely used policy intervention in credit markets, especially for consumers. This may be natural, as they have several features that, a priori, suggest that they might be particularly effective in improving allocations. However, despite this, little is actually known about the size of their effects on prices, allocations, and welfare. ; In this paper, we provide a quantitative assessment of loan guarantees, in the context of unsecured consumption loans. Our work is novel as it studies loan guarantees in a rich dynamic model where credit allocation is ...
Working Paper , Paper 11-06

Journal Article
Bankers, regulators absorb lessons of Silicon Valley Bank failure as new tests emerge
Orrenius, Pia M. (2023-09-29)
Ben Munyan, director of supervisory policy in the Banking Supervision Department at the Federal Reserve Bank of Dallas, discusses the challenges the banking industry faces in an era of rapidly rising interest rates and how Texas institutions have fared.
Southwest Economy

Journal Article
Changes in U.S. family finances from 2007 to 2010: evidence from the Survey of Consumer Finances
Kennickell, Arthur B.; Bricker, Jesse; Moore, Kevin B.; Sabelhaus, John Edward (2012-06)
The Federal Reserve Board's Survey of Consumer Finances for 2010 provides insights into changes in family income and net worth since the 2007 survey. The survey shows that, over the 2007?10 period, the median value of real (inflation-adjusted) family income before taxes fell 7.7 percent, while mean income fell more sharply, an 11.1 percent decline. Both median and mean net worth decreased even more dramatically than income over this period, though the relative movements in the median and the mean are reversed; the median fell 38.8 percent, and the mean fell 14.7 percent. This article reviews ...
Federal Reserve Bulletin , Volume 98 , Issue June , Pages 1-80

Briefing
How Risky Are Young Borrowers?
Romero, Jessica Sackett; Ghent, Andra C.; Debbaut, Peter; Kudlyak, Marianna (2013-12)
Young borrowers are conventionally considered the most prone to making financial mistakes. This has spurred efforts to limit their access to credit, particularly via credit cards. Recent research suggests, however, that young borrowers are actually among the least likely to experience a serious credit card default. One reason why people obtain credit cards early in life may be to build a strong credit history.
Richmond Fed Economic Brief , Issue Dec

Periodic Essay
Unsteady progress: income trends in the Federal Reserve's survey of consumer finances
Noeth, Bryan J.; Emmons, William R. (2012)
Short essays related to research on understanding and strengthening the balance sheets of American households.
In the Balance , Issue 2

Periodic Essay
Shifting fortunes: wealth trends in the Federal Reserve’s survey of consumer finances
Noeth, Bryan J.; Emmons, William R. (2012)
Short essays related to research on understanding and strengthening the balance sheets of American households.
In the Balance , Issue 1

Working Paper
Targeted business incentives and the debt behavior of households
Millimet, Daniel; Di, Wenhua (2016-01-01)
The empirical effects of place-based tax incentive schemes designed to aid low-income communities are unclear. While a growing number of studies find beneficial effects on employment, there is little investigation into other behaviors of households affected by such programs. We analyze the impact of the Texas Enterprise Zone Program on household debt and delinquency. Specifically, we utilize detailed information on all household liabilities, delinquencies, and credit scores from the Federal Reserve Bank of New York Consumer Credit Panel/Equifax, a quarterly longitudinal 5% random sample of ...
Working Papers , Paper 1602

Discussion Paper
How and Why Do Consumers Use “Buy Now, Pay Later”?
Aidala, Felix; Mangrum, Daniel; Van der Klaauw, Wilbert (2024-02-14)
In a previous post, we highlighted that financially fragile households are disproportionately likely to use “buy now, pay later” (BNPL) payment plans. In this post, we shed further light on BNPL’s place in its users’ household finances, with a particular focus on how use varies by a household’s level of financial fragility. Our results reveal substantially different use patterns, as more-fragile households tend to use the service to make frequent, relatively small, purchases that they might have trouble affording otherwise. In contrast, financially stable households tend to not use ...
Liberty Street Economics , Paper 20240214

Briefing
Deterring default: why some state laws decrease the probability of mortgage foreclosures
Ghent, Andra C.; Slivinski, Stephen; Kudlyak, Marianna (2009-09)
Many states give mortgage lenders strong legal means by which to pursue debt collection in the event of a mortgage default. In those states, probability of default is lower and the forms the default takes are often quite different from a costly conventional foreclosure.
Richmond Fed Economic Brief , Issue Sep

show more (1)

show more (31)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords