| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967490 | Journal of Monetary Economics | 2011 | 17 Pages |
Abstract
⺠Empirical pricing models are used to assess Federal Reserve MBS purchases. ⺠Both MBS pricing and mortgage pricing models are developed. ⺠The Federal Reserve's MBS purchases improved market functioning during the crisis. ⺠Both the primary and secondary mortgage markets were substantially helped. ⺠The program also put significant downward pressure on mortgage rates.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Diana Hancock, Wayne Passmore,