The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis

By Atif R. Mian, Amir Sufi. 2008

1,557 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a23beb31536b4ab7fe61d22cdb561b70669d5d53

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Citations in the corpus

Residential Land Use Regulation and the US Housing Price Cycle Between 2000 and 2009 (2012, positive): “The Xi’s are vectors of other control variables that include percentage changes in employment and percentage changes in (7)Mian and Sufi (2008a) uses aggregate the rejection rates at the census-tract level and use them for zip-code level regressions.”
The Financial Crisis of 2007–2009: Why Did It Happen and What Did We Learn? (2015, neutral): “Mian and Sufi (2009) also note that this was highly unusual in that 2002–2005 is the only period in the 31 See Cecchetti (2008).”
Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Programs (2018, neutral): “Proof of Proposition 2 We first note that: ∂t(q, n) ∂B = 1 1− γ λB (17) for q = qH , qL and n = nU , nC.”
Causal Inference in Urban and Regional Economics (2014, positive): “…as additional sources of exog- enous variation in Δ lnQk and the prevalence of evangelical Christians as a source of exogenous variation in WRIk. of Mian and Sufi (2009) and Chaney et al. (2012) are two prominent examples from the finance literature that use these Saiz (2010) housing…”
Labour Reallocation and Productivity Dynamics: Financial Causes, Real Consequences (2016, neutral): “Rapid credit growth substantially increases the risk of financial (banking) crises (eg Borio and Lowe (2002), Cecchetti et al (2009) Drehmann et al (2011), Gourinchas and Obstfeld (2012), Mian and Sufi (2009)).”
Why Does Fast Loan Growth Predict Poor Performance for Banks (2018, neutral): “An important additional distinction of our paper compared to Demyanyk and van Hemert (2011) and Mian and Sufi (2009) is that our analysis deals with loans that are retained on a bank’s books and thus cannot be explained by misaligned incentives relative to an originate to distribute securitization…”