Open Access. Powered by Scholars. Published by Universities.®

Public Affairs, Public Policy and Public Administration Commons™

Open Access. Powered by Scholars. Published by Universities.®

Economics

2011

Housing

Articles 1 - 5 of 5

Full-Text Articles in Public Affairs, Public Policy and Public Administration

Housing And The U.S. Economy, Barry Bluestone Dec 2011

Housing And The U.S. Economy, Barry Bluestone

Barry Bluestone

No abstract provided.

Go to article

The Greater Boston Housing Report Card 2009: Positioning Boston In A Post-Crisis World, Barry Bluestone, Chase Billingham, Jessica Herrmann Dec 2011

The Greater Boston Housing Report Card 2009: Positioning Boston In A Post-Crisis World, Barry Bluestone, Chase Billingham, Jessica Herrmann

Barry Bluestone

No abstract provided.

Go to article

The Greater Boston Housing Report Card 2010: Taking Stock In An Uncertain Time, Barry Bluestone, Chase Billingham, Jessica Casey, Anna Gartsman Dec 2011

The Greater Boston Housing Report Card 2010: Taking Stock In An Uncertain Time, Barry Bluestone, Chase Billingham, Jessica Casey, Anna Gartsman

Barry Bluestone

No abstract provided.

Go to article

The Greater Boston Housing Report Card 2011: Housing’S Role In The Ongoing Economic Crisis, Barry Bluestone, Chase Billingham Dec 2011

The Greater Boston Housing Report Card 2011: Housing’S Role In The Ongoing Economic Crisis, Barry Bluestone, Chase Billingham

Barry Bluestone

No abstract provided.

Go to article

Using Monte Carlo Simulations To Establish A New House Price Stress Test, James R. Follain, Seth H. Giertz Jun 2011

Using Monte Carlo Simulations To Establish A New House Price Stress Test, James R. Follain, Seth H. Giertz

Department of Economics: Faculty Publications

The focus of this paper is on the house price stress test (termed ALMO) that was designed to assess the fiscal strength of Fannie Mae and Freddie Mac and, if necessary, to trigger remedial action in order to avert a crisis. We assess whether the ALMO stress test was an adequate representation of an extremely weak housing market, given the best available information leading up to the Great Recession. A Monte Carlo simulation model is developed to estimate the severity of low probability events (i.e., severe house price declines). We illustrate the complexity and subjective nature of the process used …

Go to article