کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5058431 | 1476629 | 2015 | 4 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Estimating the causal relationship between foreclosures and unemployment during the great recession
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
- We use a local projection method to estimate a system that includes housing.
- Shocks to foreclosures cause unemployment to rise and housing prices to fall.
- Shocks to housing prices, however, have small and often insignificant effects.
- A rise in foreclosures is how a housing crises propagates to the general economy.
Using a local projection method, we estimate the relationship among unemployment, foreclosures, and housing prices. More foreclosures cause a major increase in unemployment and a large decrease in housing prices. Higher housing prices, however, have only small effects on unemployment and foreclosures.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 134, September 2015, Pages 90-93
Journal: Economics Letters - Volume 134, September 2015, Pages 90-93
نویسندگان
Ghulam Awais Rana, Paul Shea,