Recently added articles from Business Economics:
Underwriting, mortgage lending, and house prices: 1996-2008.
Oct 01, 2009; ... Lowering of underwriting standards may have contributed much to the unprecedented recent rise and subsequent fall of mortgage volumes and house prices. Conventional data do not satisfactorily measure aggregate underwriting standards over the past decade: the easing and then tightening of ...
Does fiscal stimulus cause too much debt?(Report)
Oct 01, 2009; ... This study distinguishes between temporary fiscal stimulus to combat a recession and two other debt-raising policies: financial bailouts and spending on Medicare, Medicaid, and Social Security. Two striking conclusions emerge from our simulations of the impact of a temporary fiscal ...
The long-run demand for housing, the housing glut, and the implications for the financial crisis.
Oct 01, 2009; ... I estimate the long-run demand for housing to be, at most, 1.6 million units per year. This compares to housing starts of two million in 2004 and again in 2005. This overbuilding is the primary cause of the current housing glut, which I estimate to be between 1.24 and 1.72 million units ....
From the editor.(National Association of Business Economists)(Editorial)
Oct 01, 2009; ... Business Economics (2009) 44, 185--186. doi:10.1057/be.2009.34 After a lapse of one year, the competition for the Edmund A. Mennis Contributed Paper Award was re-instated this year. This competition, open to NABE members, was instituted in 1999 to honor the late Ed Mennis, the ...
In memoriam: Peter L. Bernstein.(In Memoriam)(In memoriam)
Oct 01, 2009; ... Business Economics (2009) 44, 187-188. doi:10.1057/be.2009.22 There are some people who we hope will go on forever, sharing their wisdom, insight, and humor. Peter Bernstein was such a person. For me and countless others, he was a friend, a mentor, and, above all, a teacher ....