Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Working Paper
Consumer Bankruptcy, Mortgage Default and Labor Supply
Li, Wenli; Meghir, Costas; Oswald, Florian (2022-08-30)
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic institutional framework in the U.S. as implied by Chapter 7 and Chapter 13. The model is estimated using micro data on credit reports and mortgages combined with data from the American Community Survey. We use the model to understand the ...
Working Papers , Paper 22-26

Working Paper
Housing and debt over the life cycle and over the business cycle
Pavan, Marina; Iacoviello, Matteo (2009)
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 matches the wealth distribution; the age profiles of consumption, homeownership, and mortgage debt; and data on the frequency of housing adjustment. In the time-series dimension, the model accounts for the procyclicality and volatility of housing investment, and for the procyclical behavior of household debt.
Working Papers , Paper 09-12

Monograph
Applying Research to Policy Issues in Distressed Housing Markets: Data-Driven Decision Making
Hartley, Daniel; Zenker, Mary; Richter, Francisca; Fitzpatrick, Thomas J.; Seo, Youngme; Ergungor, O. Emre; Whitaker, Stephan; Firschein, Joseph; Fee, Kyle (2015)
A compilation of research published by the Federal Reserve Bank of Cleveland on housing markets experiencing foreclosure and/or a large number of vacant properties which sheds light on a wide range of housing markets. It provides possible policy solutions applicable to both regional and national policy discussions.
Digital Books

Working Paper
The Age Gap in Mortgage Access
Amornsiripanitch, Natee (2023-02-28)
This paper uses data on millions of single-borrower mortgage applications to study the relationship between applicant age and mortgage application outcomes. Conditional on a rich set of applicant, property, and loan characteristics, mortgage refinance applications submitted by older borrowers are associated with higher rejection probabilities. This pattern holds within lender and across loan types. Rejection probability increases smoothly with age and accelerates in old age. The acceleration is slower for female applicants. Inability to maintain properties may contribute as older applicants ...
Working Papers , Paper 23-03

Conference Paper
Housing and monetary policy: general discussion
Feldstein, Martin (2007)
Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
School quality and affordable housing in the Bay Area
Cytron, Naomi (2011-06)
Everyone knows the old real estate adage that the three most important factors in determining the value of a given property are location, location, and location. This is to say that place matters; a neighborhood confers a bundle of amenities to its residents that are specific to that geography. This bundle can include proximity to parks, small-scale retail offerings, high quality schools, and a variety of transportation options, as well as low crime rates and clean air. These amenities are arranged in a variety of configurations across space, and most households determine which aspects are ...
Community Development Research Brief , Issue June , Pages 1-10

Journal Article
Rental rebound
Mahon, Joe (2007-09)
Apartment vacancy rates are falling around the Ninth District, but slower home sales are only part of the story.
Fedgazette , Volume 19 , Issue Sep , Pages 14-15

Speech
The United States: still the growth engine for the world economy?
Fisher, Richard W. (2006)
Remarks at the Institute of Economic Affairs' 23rd Annual State of the Economy Conference, London, February 6, 2006 ; "I posit that China and India and the new players will enhance American productivity and abet U.S. growth, not threaten it. These rising economies will provide sources of inputs American companies can use to drive down costs and increase variety for consumers. They will increase competition--which is good. Competition sharpens the wits and improves muscle tone.">
Speeches and Essays , Paper 80

Journal Article
The geography of life's chances
Wasserman, Miriam (2001-10-04)
Regional Review , Volume 11 , Issue Q 4 , Pages 25 - 31

Journal Article
Hedonic-based price indexes for housing: theory, estimation, and index construction
Wallace, Nancy (1996)
Housing price indexes should not confound the effect of changes in quality with the effects of changing house prices. A recent nonparametric regression technique, loess, allows flexible estimation of the hedonic price function and centers the estimation at fixed points, such as the beginning or ending period housing characteristics. Indexes using these estimates are consistent with the requirements of Laspeyres and Paasche price indexes. The technique is used to obtain indexes for fifteen municipalities in Alameda County from 1970:Q1 through 1995:Q1. The nonparametric hedonic-based ...
Economic Review

show more (4)

show more (63)

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