Blar i Arbeidsnotater / Working Papers på emneord "lending standards"
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Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach
(Working Papers;11/2015, Working paper, 2015)We use a simple quantitative asset pricing model to "reverse-engineer" the sequences of stochastic shocks to housing demand and lending standards that are needed to exactly replicate the boom-bust patterns in U.S. household ...