Interest Rates and Equity Extraction During the Housing Boom

By Neil Bhutta, Benjamin J. Keys. 2016

218 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/375e963f6743d81d5e1dc5cba523fb1cc3e47000

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In Accounting

1. J. Gallagher
2. Jonathan Zinman
3. Anna Lusardi
4. Abhijit Banerjee
5. Dean S. Karlan
6. Esther Duflo
7. D. French
8. Donal McKillop

In Economics and Econometrics

1. Daniel Hartley
2. J. Gallagher
3. Jonathan Zinman
4. Abhijit Banerjee
5. Anna Lusardi
6. Dean S. Karlan
7. Esther Duflo
8. D. French

In Finance

1. Jonathan Zinman
2. Abhijit Banerjee
3. D. French
4. Donal McKillop

Citations in the corpus

• Inattention and Inertia in Household Finance: Evidence from the Danish Mortgage Market (2015, unknown): “Chen, Michaux, and Roussanov (2013) similarly study decisions to extract home equity through cash-out refinancing, while Bhutta and Keys (2013) and Khandani, Lo, and Merton (2013) argue that households used cash-out refinancing to borrow too aggressively during the housing boom of the early 2000s.”
• Household Finance after a Natural Disaster: The Case of Hurricane Katrina (2014, background): “One measure of credit demand observable in the CCP is the number of consumer-initiated credit inquiries (Bhutta and Keys [2014]).”
• Household Debt: Facts, Puzzles, Theories, and Policies (2015, background): “Yet other findings suggest (nearly) elastic price responses: Gross and Souleles (2002b) in credit cards,45 and Bhutta and Keys (2013) in home equity lines.”
• Regional Heterogeneity and Monetary Policy (2019, unknown): “How- ever, households must also satisfy a collateral requirement in order to refinance.”
• Housing Wealth Effects: The Long View (2018, unknown): “, Wong, 2018; Bhutta and Keys, 2016) but some refinancing activity results from changes in interest rates, which are not part of our analysis. Our target is based on Deng et al. (2000) who estimate a model of refinancing probability as a function of mortgage age and the difference between the mortga”
• How Does Household Spending Respond to an Epidemic? Consumption during the 2020 COVID-19 Pandemic (2020, unknown): “(Bhutta and Keys, 2016; Di Maggio, Kermani, Keys, Piskorski, Ramcharan, Seru and Yao, 2017; Ganong and Noel, 2018).”