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Bibliographische Detailangaben
Beteilige Person: Martinez, Leonardo (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2012
Schriftenreihe:IMF Working Papers Working Paper No. 12/26
Links:http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
http://elibrary.imf.org/view/IMF001/12583-9781463932534/12583-9781463932534/12583-9781463932534.xml
Abstract:This paper incorporates house price risk and mortgages into a standard incomplete market (SIM) model. The model is calibrated to match U.S. data and accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure the agents'' ability to self-insure against income shocks are similar to those of a SIM model without housing but housing increases the values of these coefficients for younger agents. The response of consumption to house price shocks is minimal. The introduction of minimum down payments or income garnishment benefits a majority of the population
Umfang:1 Online-Ressource (33 p)
ISBN:1463932537
9781463932534