| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11043 |
| DP11043 Macroeconomic Effects of Bankruptcy and Foreclosure Policies | |
| Kurt Mitman | |
| 发表日期 | 2016-01-17 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | I study the implications of two major debt-relief policies in the US: the Bankruptcy Abuse and Consumer Protection Act (BAPCPA) and the Home Affordable Refinance Program (HARP). To do so, I develop a model of housing and default that includes relevant dimensions of credit-market policy and captures rich heterogeneity in household balance sheets. The model also explains the observed cross-state variation in consumer default rates. I find that BAPCPA significantly reduced bankruptcy rates, but increased foreclosure rates when house prices fell. HARP reduced foreclosures by one percentage point and provided substantial welfare gains to households with high loan-to-value mortgages. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Bankruptcy Foreclosure Housing Default risk Household debt |
| URL | https://cepr.org/publications/dp11043 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539872 |
| 推荐引用方式 GB/T 7714 | Kurt Mitman. DP11043 Macroeconomic Effects of Bankruptcy and Foreclosure Policies. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Kurt Mitman]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Kurt Mitman]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Kurt Mitman]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
