Houses as ATMs: Mortgage Refinancing and Macroeconomic Uncertainty
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Abstract
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DOI: 10.1111/jofi.12842
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Other versions of this item:
- Hui Chen & Michael Michaux & Nikolai Roussanov, 2013. "Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty," NBER Working Papers 19421, National Bureau of Economic Research, Inc.
- Nikolai Roussanov & Michael Michaux & Hui Chen, 2011. "Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty," 2011 Meeting Papers 1369, Society for Economic Dynamics.
Citations
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Cited by:
- Rafiq, Shuddhasattwa, 2022. "How did house and stock prices respond to different crisis episodes since the 1870s?," Economic Modelling, Elsevier, vol. 114(C).
- Stephen G. Dimmock & William C. Gerken & Tyson Van Alfen, 2021. "Real Estate Shocks and Financial Advisor Misconduct," Journal of Finance, American Finance Association, vol. 76(6), pages 3309-3346, December.
- Katya Kartashova & Xiaoqing Zhou, 2020.
"How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers,"
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20-18, Bank of Canada.
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- Jose E. Gomez-Gonzalez & Jorge Hirs-Garzón & Sebastián Sanin-Restrepo & Jorge M. Uribe, 2024.
"Financial and Macroeconomic Uncertainties and Real Estate Markets,"
Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 50(1), pages 29-53, January.
- Jose E. Gomez-Gonzalez & Jorge Hirs-Garzón & Sebastián Sanin-Restrepo & Jorge M. Uribe, 2021. ""Financial and Macroeconomic Uncertainties and Real Estate Markets"," IREA Working Papers 202105, University of Barcelona, Research Institute of Applied Economics, revised Mar 2021.
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Journal of Financial Economics, Elsevier, vol. 141(3), pages 1036-1059.
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"Import Competition and Household Debt,"
Journal of Finance, American Finance Association, vol. 77(6), pages 3037-3091, December.
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"Mortgage borrowing and the boom-bust cycle in consumption and residential investment,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 244-268, April.
- Xiaoqing Zhou, 2021. "Online Appendix to "Mortgage borrowing and the boom-bust cycle in consumption and residential investment"," Online Appendices 19-339, Review of Economic Dynamics.
- Matteo Benetton & Marianna Kudlyak & John Mondragon, 2022.
"Dynastic Home Equity,"
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- Michaelides, Michael, 2021. "Large sample size bias in empirical finance," Finance Research Letters, Elsevier, vol. 41(C).
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Journal of Finance, American Finance Association, vol. 76(1), pages 113-168, February.
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- Adam M. Guren & Arvind Krishnamurthy & Timothy J. McQuade, 2018. "Mortgage Design in an Equilibrium Model of the Housing Market," NBER Working Papers 24446, National Bureau of Economic Research, Inc.
- Ho, Anson T.Y. & Morin, Lealand & Paarsch, Harry J. & Huynh, Kim P., 2022. "A flexible framework for intervention analysis applied to credit-card usage during the coronavirus pandemic," International Journal of Forecasting, Elsevier, vol. 38(3), pages 1129-1157.
- John Y. Campbell & Nuno Clara & João F. Cocco, 2021.
"Structuring Mortgages for Macroeconomic Stability,"
Journal of Finance, American Finance Association, vol. 76(5), pages 2525-2576, October.
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- Diamond, William & Landvoigt, Tim, 2022. "Credit cycles with market-based household leverage," Journal of Financial Economics, Elsevier, vol. 146(2), pages 726-753.
- Galicia-Sanguino, Lucía & Rojo-Suárez, Javier & Alonso-Conde, Ana B. & López-Pérez, M. Victoria, 2021. "Trade integration and research and development investment as a proxy for idiosyncratic risk in the cross-section of stock returns," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
- Gete, Pedro, 2020. "Expectations and the housing boom and bust. An open economy view," Journal of Housing Economics, Elsevier, vol. 49(C).
- Xiaoqing Zhou, 2022.
"Mortgage borrowing and the boom-bust cycle in consumption and residential investment,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 244-268, April.
- Xiaoqing Zhou, 2021. "Mortgage Borrowing and the Boom-Bust Cycle in Consumption and Residential Investment," Working Papers 2103, Federal Reserve Bank of Dallas.
- Mølbak Ingholt, Marcus, 2022. "Multiple Credit Constraints and Time-Varying Macroeconomic Dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
- Anna Zabai, 2020. "How are household finances holding up against the Covid-19 shock?," BIS Bulletins 22, Bank for International Settlements.
More about this item
JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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