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UID:13de91065df557bbb47bb0fd60d969a8
CATEGORIES:Seminars
CREATED:20150107T110040
SUMMARY:Giorgio Primiceri - Northwestern University
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Credit Supply and the Housing Boom\nAbstract:\nThe housing boom that preced
 ed the Great Recession was due to a progressive loosening of lending constr
 aints in the residential mortgage market. This view is consistent with a nu
 mber of empirical observations, such as the rapid increase in house prices 
 and household debt, the stability of debt relative to collateral values, an
 d the fall in mortgage rates. These empirical facts are difficult to reconc
 ile with the popular view that attributes the housing boom to a loosening o
 f borrowing constraints associated with lower collateral requirements.\n\n\
 n \n
DTSTAMP:20260405T143742Z
DTSTART:20140519T173000Z
DTEND:20140519T190000Z
SEQUENCE:0
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