December 14, 2016
Wednesday’s Academic Roundup
- This paper, titled The Effects of the Fed’s Quantitative Easing Announcements on the US Mortgage Market: An Event-Study Analysis, uses regression based event-study analysis to examine the response of the 30-year mortgage rate to the Federal Reserve’s Quantitative Easing (QE) announcements in zero lower bond period. A total of 35 QE announcements from 2008 to 2015 are selected in reference to previous literature and my own discretion. Each announcement is then identified by a certain type and in a QE round.
- This paper, titled ‘I’ll Have What She’s Having’: Identifying Social Influence in Household Mortgage Decisions, find evidence that neighbors apply an important economic force on households’ mortgage choices. We use household mortgage data, precisely geolocated real estate data, and a recently developed research design to identify the existence of social influence effects in three important household mortgage choices.
- Prices and liquidity are closely related in residential real estate markets, both at local level and across neighbourhoods. This paper, titled The Informational Role of Housing Market Liquidity, provides empirical evidence for spatial correlation in housing market turnover, controlling for the role of migration flows.
