FEDS Paper: Nonlinear Effects of Loan-to-Value Constraints
C. Bora Durdu and Sergio VillalvazoThis paper investigates the impact of loan-to-value (LtV) borrowing constraints in models with occasionally binding...
C. Bora Durdu and Sergio VillalvazoThis paper investigates the impact of loan-to-value (LtV) borrowing constraints in models with occasionally binding...
Xing Huang, Philippe Jorion, Jeongmin Lee, and Christopher SchwarzUsing 150,000 actual trades, we study the U.S. equity retail broker-wholesaler market,...
Timothy K. M. Beatty, Joakim A. WeillWe estimate the impact of anticipated transfers on labor supply using confidential driver-level data...
Andres Blanco, Corina Boar, Callum Jones, Virgiliu MidriganWe develop a tractable sticky price model in which the fraction of price...
Claes Bäckman, Patrick Moran, Peter van SantenHow does the design of debt repayment schedules affect household borrowing? To answer this...
Andres Blanco, Corina Boar, Callum Jones, Virgiliu MidriganWe show that standard menu cost models cannot simultaneously reproduce the dispersion in...
Thomas R. Cook, Zach D. Modig, Nathan M. PalmerMachine learning and artificial intelligence are often described as "black boxes." Traditional...
J. Daniel Kim, Joonkyu Choi, Nathan Goldschlag, John HaltiwangerUsing administrative data from the U.S. Census Bureau, we introduce a new...
Andrew Figura and Chris WallerAny assessment of the likelihood and characteristics of a soft landing in the labor market should...