schliessen

Filtern

 

Bibliotheken

Macroeconomic effects of bankruptcy and foreclosure policies

I study the implications of two major debt-relief policies in the United States: the Bankruptcy Abuse Prevention 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-marke... Full description

Journal Title: The American economic review 2016, Vol.106(8), pp. 2219-2255
Main Author: Mitman, Kurt
Format: Electronic Article Electronic Article
Language: English
Subjects:
Usa
ID: ISSN: 0002-8282
Link: http://gso.gbv.de/DB=2.1/PPNSET?PPN=869246542
Zum Text:
SendSend as email Add to Book BagAdd to Book Bag
Staff View
recordid: gbv869246542
title: Macroeconomic effects of bankruptcy and foreclosure policies
format: Article
creator:
  • Mitman, Kurt
subjects:
  • Hypothek
  • Kreditrisiko
  • Private Verschuldung
  • Schuldenübernahme
  • Verbraucherschutz
  • Wirkungsanalyse
  • Zwangsvollstreckung
  • Subprime-Krise
  • Haushaltsökonomik
  • Immobilienpreis
  • Theorie
  • Schätzung
  • Usa
ispartof: The American economic review, 2016, Vol.106(8), pp. 2219-2255
description: I study the implications of two major debt-relief policies in the United States: the Bankruptcy Abuse Prevention 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 1 percentage point and provided substantial welfare gains to households with high loan-to-value mortgages. (JEL D14, K35, R31 )
language: eng
source:
identifier: ISSN: 0002-8282
fulltext: fulltext
issn:
  • 00028282
  • 0002-8282
url: Link


@attributes
ID1209965661
RANK0.07
NO1
SEARCH_ENGINEprimo_central_multiple_fe
SEARCH_ENGINE_TYPEPrimo Central Search Engine
LOCALfalse
PrimoNMBib
record
control
sourcerecordid869246542
sourceidgbv
recordidTN_gbv869246542
sourceformatMARC Exchange
sourcesystemOther
pqid1807899906
galeid463182723
display
typearticle
titleMacroeconomic effects of bankruptcy and foreclosure policies
creatorMitman, Kurt
ispartofThe American economic review, 2016, Vol.106(8), pp. 2219-2255
identifierISSN: 0002-8282
subjectHypothek ; Kreditrisiko ; Private Verschuldung ; Schuldenübernahme ; Verbraucherschutz ; Wirkungsanalyse ; Zwangsvollstreckung ; Subprime-Krise ; Haushaltsökonomik ; Immobilienpreis ; Theorie ; Schätzung ; Usa
languageeng
source
descriptionI study the implications of two major debt-relief policies in the United States: the Bankruptcy Abuse Prevention 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 1 percentage point and provided substantial welfare gains to households with high loan-to-value mortgages. (JEL D14, K35, R31 )
version7
lds50peer_reviewed
links
openurl$$Topenurl_article
openurlfulltext$$Topenurlfull_article
backlink$$Uhttp://gso.gbv.de/DB=2.1/PPNSET?PPN=869246542$$EView_record_in_GVK_Union_Catalogue
search
creatorcontribMitman, Kurt
titleMacroeconomic effects of bankruptcy and foreclosure policies
subject
0Hypothek
1Kreditrisiko
2Private Verschuldung
3Schuldenübernahme
4Verbraucherschutz
5Wirkungsanalyse
6Zwangsvollstreckung
7Subprime-Krise
8Haushaltsökonomik
9Immobilienpreis
10Theorie
11Schätzung
12Usa
general
0English
1ECONIS (ZBW)
sourceidgbv
recordidgbv869246542
issn
000028282
10002-8282
rsrctypearticle
creationdate2016
addtitleThe American economic review
searchscope
0gbv
1econis
scope
0gbv
1econis
startdate20160101
enddate20161231
citationpf 2219 pt 2255 vol 106 issue 8
lsr30VSR-Enriched:[description, doi, galeid, pqid, eissn]
sort
titleMacroeconomic effects of bankruptcy and foreclosure policies
authorMitman, Kurt
creationdate20160000
lso0120160000
facets
frbrgroupid7854724615915811643
frbrtype5
newrecords20170523
languageeng
topic
0Hypothek
1Kreditrisiko
2Private Verschuldung
3Schuldenübernahme
4Verbraucherschutz
5Wirkungsanalyse
6Zwangsvollstreckung
7Subprime-Krise
8Haushaltsökonomik
9Immobilienpreis
10Theorie
11Schätzung
12Usa
collectionECONIS (ZBW)
prefilterarticles
rsrctypearticles
creatorcontribMitman, Kurt
jtitleAmerican economic review
creationdate2016
toplevelpeer_reviewed
delivery
delcategoryRemote Search Resource
fulltextfulltext
addata
aulastMitman
aufirstKurt
auMitman, Kurt
atitleMacroeconomic effects of bankruptcy and foreclosure policies
jtitleThe American economic review
date2016
risdate2016
volume106
issue8
spage2219
epage2255
pages2219-2255
issn00028282
formatjournal
genrearticle
ristypeJOUR
doi10.1257/aer.20120512
eissn19447981