| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18311 |
| 来源ID | Working Paper 18311 |
| Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program | |
| Sumit Agarwal; Gene Amromin; Itzhak Ben-David; Souphala Chomsisengphet; Tomasz Piskorski; Amit Seru | |
| 发表日期 | 2012-08-31 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial number of foreclosures but reached just one-third of its targeted indebted households. This shortfall was in large part due to low renegotiation intensity of a few large intermediaries and was driven by intermediary-specific factors. Exploiting regional variation in the intensity of program implementation by intermediaries suggests that the program was associated with lower rate of foreclosures, consumer debt delinquencies, house price declines, and an increase in durable spending. |
| 主题 | Macroeconomics ; Fiscal Policy ; Financial Economics ; Financial Markets ; Financial Institutions ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w18311 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576019 |
| 推荐引用方式 GB/T 7714 | Sumit Agarwal,Gene Amromin,Itzhak Ben-David,et al. Policy Intervention in Debt Renegotiation: Evidence from the Home Affordable Modification Program. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18311.pdf（581KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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