Zobrazeno 1 - 10
of 16
pro vyhledávání: '"Adam M. Guren"'
Publikováno v:
The Journal of Finance. 76:113-168
Funding Provided by NSF under grant "Mortgage Design in an Equilibrium Model of the Housing Market" (1623801 - National Science Foundation)
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9437261860c35b109acad9303334984c
https://doi.org/10.1111/jofi.12963
https://doi.org/10.1111/jofi.12963
Publikováno v:
The Review of Economic Studies. 88:669-707
We provide new time-varying estimates of the housing wealth effect back to the 1980s. We use three identification strategies: ordinary least squares with a rich set of controls, the Saiz housing supply elasticity instrument, and a new instrument that
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d14161aad8e939d63ef4f366c07539bf
https://doi.org/10.1093/restud/rdaa018
https://doi.org/10.1093/restud/rdaa018
Autor:
Timothy J McQuade, Adam M Guren
Publikováno v:
The Review of Economic Studies. 87:1331-1364
This article uses a structural model to show that foreclosures played a crucial role in exacerbating the recent housing bust and to analyse foreclosure mitigation policy. We consider a dynamic search model in which foreclosures freeze the market for
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::08131cbf2fe471b08df513f2c99ea399
https://doi.org/10.1093/restud/rdaa001
https://doi.org/10.1093/restud/rdaa001
Autor:
Daniel L. Greenwald, Adam M. Guren
To what extent did an expansion and contraction of credit drive the 2000s housing boom and bust? The existing literature lacks consensus, with findings ranging from credit having no effect to credit driving most of the house price cycle. We show that
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::77be97b4ef6f5bbf756f6ca536b9208b
https://doi.org/10.3386/w29391
https://doi.org/10.3386/w29391
With “2020 hindsight,” the 2000s housing cycle is not a boom-bust but rather a boom- bust-rebound at both the national level and across cities. We argue this pattern reflects a larger role for fundamentally-rooted explanations than previously tho
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a92351fc7ecd629142884b722ec8f795
https://doi.org/10.3386/w29140
https://doi.org/10.3386/w29140
Autor:
Daniel Greenwald, Adam M. Guren
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::543bf2a74266c5fced291f99a2d52901
https://doi.org/10.2139/ssrn.3949188
https://doi.org/10.2139/ssrn.3949188
How costly is foreclosure? Estimates of the social cost of foreclosure typically focus on financial costs. Using random judge assignment instrumental variable (IV) and propensity score matching (PSM) approaches in Cook County, Illinois, we find evide
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::677a950318a5c28fdb58164d9b66415d
https://doi.org/10.3386/w27358
https://doi.org/10.3386/w27358
Recent empirical work uses variation across cities or regions to identify the effects of economic shocks of interest to macroeconomists. The interpretation of such estimates is complicated by the fact that they reflect both partial equilibrium and lo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8550a2840a1bccc153f007ff36f64b33
https://doi.org/10.3386/w26881
https://doi.org/10.3386/w26881
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ef2f4601d03560468ed3509d18565c09
https://doi.org/10.2139/ssrn.3632603
https://doi.org/10.2139/ssrn.3632603
Autor:
Adam M. Guren
Publikováno v:
Journal of Political Economy. 126:1172-1218
House prices exhibit substantially more momentum, positive autocorrelation in price changes, than existing theories can explain. I introduce an amplification mechanism to reconcile this discrepancy...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fad052c0eac89bd6a292b7c6da2a2b74
https://doi.org/10.1086/697207
https://doi.org/10.1086/697207