Search Results

What Is Subprime Lending? - Economic Synopses

A precise characterization of subprime lending is elusive. Unlike prime mortgages, subprime mortgages are not homogenous. One suggestion to better identify subprime mortgages is to classify mortgages by the loan-to-value ratio and the borrower's credit score.

research.stlouisfed.org/publications/economic-synopses/2007/06/01/what-is-subprime-lending

The Varying Effects of Predatory Lending Laws on High-Cost Mortgage Applications - Review

Federal, state, and local predatory lending laws are designed to restrict and in some cases prohibit certain types of high-cost mortgage credit in the subprime market. Empirical evidence using the spatial variation in these laws shows that the aggregate flow of high-cost mortgage credit can increase, decrease, or be unchanged after these laws are enacted. 

research.stlouisfed.org/.../

An Estimated DSGE Model for the United Kingdom - Review

The authors estimate the dynamic stochastic general equilibrium model of Christiano, Eichenbaum, and Evans (2005) on U.K. data. Their estimates suggest that price stickiness is a more important source of nominal rigidity in the United Kingdom than wage stickiness. Their estimates of parameters governing investment behavior are only well behaved when post-1979 observations are included, which reflects government policies until the late 1970s that obstructed the influence of market forces on investment.

research.stlouisfed.org/.../review/2007/07/01/an-estimated-dsge-model-for-the-united-kingdom

Milton Friedman and U.S. Monetary History: 1961-2006 - Review

This article uses extensive archival material from several countries to bring together scattered information about Milton Friedman’s views and predictions regarding U.S. monetary policy developments after 1960 (i.e., the period beyond that covered by his and Anna Schwartz’s Monetary History of the United States). The author evaluates these interpretations and predictions in light of subsequent events.

research.stlouisfed.org/.../review/2007/05/01/milton-friedman-and-u-s-monetary-history-1961-2006

Complete Issue - Review

The July/August issue of Review includes the proceedings from the 31st economic policy conference of the Federal Reserve Bank of St. Louis, "Frontiers in Monetary Policy Research." Economists working at this frontier bring forward new ideas from research in general equilibrium modeling and highlight both the promise and the limitations of recent advances.

research.stlouisfed.org/publications/review/2007/07/01/complete-issue/