کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
962779 930150 2011 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Using Monte Carlo simulations to establish a new house price stress test
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Using Monte Carlo simulations to establish a new house price stress test
چکیده انگلیسی
► We assess the ALMO house price stress test designed to monitor the fiscal strength of Fannie Mae and Freddie Mac. ► We examine how the relationship between house prices and fundamentals has varied over time and across states. ► A Monte Carlo simulation model is developed to estimate the implications of a severe negative shock to housing markets. ► We conclude that the ALMO stress test scenario severely understated what an updated statistical process would have suggested.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Housing Economics - Volume 20, Issue 2, June 2011, Pages 101-119
نویسندگان
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