Search Results
Conference Paper
Observing unobservables: identifying information asymmetries with a consumer-credit field experiment
Karlan, Dean; Zinman, Jonathan
(2005)
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology derived from theoretical models. We randomized 58,000 direct mail offers issued by a major South African lender along three dimensions: 1) the initial "offer interest rate" appearing on the direct mail solicitations; 2) a "contract interest rate" equal to or less than the offer interest rate and revealed to the over 4,000 borrowers who agreed to the initial ...
Proceedings
, Paper 961
Journal Article
1951 survey of consumer finances: part I. the economic outlook and liquid asset position of consumers
Schweiger, Irving
(1951-06)
Federal Reserve Bulletin
, Issue Jun
Speech
Empowering communities, attracting development capital, and creating opportunities : a speech at the 2005 National Community Reinvestment Coalition Conference, Washington, D.C., March 18, 2005
Greenspan, Alan
(2005)
Speech
, Paper 80
Journal Article
1948 survey of consumer finances: part V housing expenditures and finance
Fauver, Clarke L.
(1948-09)
Federal Reserve Bulletin
, Issue Sep
, Pages 1058-1065
Working Paper
A quantitative theory of unsecured consumer credit with risk of default
Nakajima, Makoto; Corbae, Dean; Rios-Rull, Jose-Victor; Chatterjee, Satyajit
(2007)
The authors study, theoretically and quantitatively, the general equilibrium of an economy in which households smooth consumption by means of both a riskless asset and unsecured loans with the option to default. The default option resembles a bankruptcy filing under Chapter 7 of the U.S. Bankruptcy Code. Competitive financial intermediaries offer a menu of loan sizes and interest rates wherein each loan makes zero profits. They prove the existence of a steady-state equilibrium and characterize the circumstances under which a household defaults on its loans. They show that their model accounts ...
Working Papers
, Paper 07-16
Journal Article
Consumer finance survey gives insights for policymakers
anonymous
(2001-07)
Financial Update
, Volume 14
, Issue Jul
, Pages 4
Working Paper
Foreclosure's wake: the credit experiences of individuals following foreclosure
Brevoort, Kenneth P.; Cooper, Cheryl R.
(2010)
While a substantial literature has examined the causes of mortgage foreclosure, there has been relatively little work on the consequences of foreclosure for the borrowers themselves. Using a large sample of anonymous credit bureau records, observed quarterly from 1999Q1 through 2010Q1, we examine the credit experiences of almost 350,000 borrowers before and after their mortgage foreclosure. Our analysis documents the substantial declines in credit scores that accompany foreclosure and examines the length of time it takes individuals to return their credit scores to pre-delinquency levels. The ...
Finance and Economics Discussion Series
, Paper 2010-59
Journal Article
1949 survey of consumer finances: part VII additional data on automobile ownership, early 1949
Schweiger, Irving; Fauver, Clarke L.
(1949-11)
Federal Reserve Bulletin
, Issue Nov
, Pages 1318-1324
Working Paper
Impatience and credit behavior: evidence from a field experiment
Sprenger, Charles; Meier, Stephan
(2007)
This paper tests whether heterogeneity of time preferences can explain individual credit behavior. In a field experiment targeting individuals from low-to-moderate income households, we measure individual time preferences through choice experiments, and then match these time preference measures to individual credit reports and annual tax returns. ; We find that, controlling for disposable income and other individual characteristics, individuals who are less patient have lower credit scores and higher default rates. Moreover, people with dynamically inconsistent (quasi-hyperbolic) preferences ...
Working Papers
, Paper 07-3
FILTER BY year
FILTER BY Bank
Board of Governors of the Federal Reserve System (U.S.) 129 items
Federal Reserve Bank of Philadelphia 31 items
Federal Reserve Bank of Chicago 20 items
Federal Reserve Bank of New York 18 items
Federal Reserve Bank of Boston 13 items
Federal Reserve Bank of Minneapolis 11 items
Federal Reserve Bank of Cleveland 9 items
Federal Reserve Bank of Dallas 9 items
Federal Reserve Bank of Richmond 7 items
Federal Reserve Bank of Atlanta 5 items
Federal Reserve Bank of St. Louis 4 items
Federal Reserve Bank of Kansas City 3 items
Federal Reserve Bank of San Francisco 3 items
show more (8)
show less
FILTER BY Series
Federal Reserve Bulletin 91 items
Finance and Economics Discussion Series 29 items
Working Papers 23 items
Speech 11 items
Fedgazette 9 items
Business Review 7 items
Consumer Finance Institute discussion papers 6 items
Proceedings 6 items
Staff Reports 6 items
Working Paper Series 6 items
e-Perspectives 6 items
Communities and Banking 4 items
Economic Commentary 4 items
Financial Update 4 items
Working Papers (Old Series) 4 items
Econ Focus 3 items
Economic Review 3 items
Quarterly Review 3 items
Research Paper 3 items
Annual Report 2 items
Chicago Fed Letter 2 items
Current Issues in Economics and Finance 2 items
Economic Quarterly 2 items
Profitwise 2 items
Public and Community Affairs Discussion Papers 2 items
Review 2 items
Working Papers in Banking, Finance and Microeconomics 2 items
Asia Focus 1 items
Community Reinvestment Report 1 items
Consumer and Community Affairs Policy Studies 1 items
EconSouth 1 items
Economic Perspectives 1 items
Economic Policy Review 1 items
FRBSF Economic Letter 1 items
Monograph 1 items
New England Banking Trends 1 items
New England Community Developments 1 items
New England Economic Review 1 items
Occasional Paper; Emerging Payments 1 items
Research Working Paper 1 items
Staff Studies 1 items
Supervisory Research and Analysis Working Papers 1 items
The Region 1 items
The Regional Economist 1 items
Working Paper 1 items
show more (40)
show less
FILTER BY Content Type
Journal Article 152 items
Working Paper 67 items
Discussion Paper 11 items
Report 11 items
Speech 11 items
Conference Paper 6 items
Newsletter 2 items
Monograph 1 items
Periodic Essay 1 items
show more (4)
show less
FILTER BY Author
anonymous 41 items
Schweiger, Irving 15 items
Elliehausen, Gregory E. 12 items
Fauver, Clarke L. 9 items
Durkin, Thomas A. 8 items
Frechtling, John 7 items
Hannon, Simona 7 items
Holthausen, Duncan McC. 7 items
Miller, Jr., Thomas W. 7 items
Canner, Glenn B. 6 items
Agarwal, Sumit 5 items
Liu, Chunlin 5 items
Luckett, Charles A. 5 items
Souleles, Nicholas S. 5 items
Community Development, Federal Reserve Bank of Dallas 4 items
Hunt, Robert M. 4 items
Wirtz, Ronald A. 4 items
Avery, Robert B. 3 items
Chomsisengphet, Souphala 3 items
Demyanyk, Yuliya 3 items
Dick, Astrid A. 3 items
Duca, John V. 3 items
Flagg, Jessica N. 3 items
Goodman, Sarena 3 items
Hartley, Daniel 3 items
Isen, Adam 3 items
Kennickell, Arthur B. 3 items
Kowalewski, K. J. 3 items
Li, Geng 3 items
Mezza, Alvaro 3 items
Sanchez, Juan M. 3 items
Smith, Tynan 3 items
Sprenger, Charles 3 items
Zinman, Jonathan 3 items
Berlin, Mitchell 2 items
Bos, Marieke 2 items
Brevoort, Kenneth P. 2 items
Brown, Meta 2 items
Burke, William 2 items
Burns, Peter 2 items
Calem, Paul S. 2 items
Chatterjee, Satyajit 2 items
Fedaseyeu, Viktar 2 items
Johnson, Alfred P. 2 items
Johnson, Kathleen W. 2 items
Karlan, Dean 2 items
Keys, Benjamin J. 2 items
Lee, Donghoon 2 items
Lehnert, Andreas 2 items
Lindsey, Lawrence B. 2 items
Lorie, James 2 items
Mahon, Joe 2 items
McCarthy, Jonathan 2 items
Meier, Stephan 2 items
Mester, Loretta J. 2 items
Morgan, Donald P. 2 items
Nakajima, Makoto 2 items
Nakamura, Leonard I. 2 items
Newberger, Robin G. 2 items
Paquette, Lynn 2 items
Peach, Richard 2 items
Projector, Dorothy S. 2 items
Rios-Rull, Jose-Victor 2 items
Rosengren, Eric S. 2 items
Smith, Dolores S. 2 items
Stanley, Anne 2 items
Stavins, Joanna 2 items
Todd, Richard M. 2 items
Van der Klaauw, Wilbert 2 items
Afshar, Anna 1 items
Al-Haschimi, Alex 1 items
Ashcraft, Adam B. 1 items
Athreya, Kartik B. 1 items
Baird, Frieda 1 items
Barron, John M. 1 items
Bennett, Paul 1 items
Benton, Marques 1 items
Black, Sandra E. 1 items
Bolt, Wilko 1 items
Bostic, Raphael W. 1 items
Braunstein, Sandra 1 items
Burger, Albert E. 1 items
Butcher, Kristin F. 1 items
Campbell, Doug 1 items
Campbell, Jeffrey R. 1 items
Caskey, John P. 1 items
Chakravorti, Sujit 1 items
Christelow, Dorothy B. 1 items
Clark, Timothy 1 items
Collier, Benjamin 1 items
Cooper, Cheryl R. 1 items
Corbae, Dean 1 items
Davidson, Linda 1 items
Davies, Phil 1 items
DeVaro, Jed L. 1 items
DeYoung, Robert 1 items
Dempsey, Kyle 1 items
Dobridge, Christine L. 1 items
Drozd, Lukasz A. 1 items
Dudley, William 1 items
Duke, Elizabeth A. 1 items
Duygan-Bump, Burcu 1 items
Dynan, Karen E. 1 items
Elul, Ronel 1 items
Emmons, William R. 1 items
Eugeni, Francesca 1 items
Fergus, James T. 1 items
Fettig, David 1 items
Fogler, Elizabeth M. 1 items
Frank, Vikki 1 items
Freund, James L. 1 items
Furletti, Mark 1 items
Galligan, John 1 items
Garner, C. Alan 1 items
Garrett, Bonnie 1 items
Garwood, Griffith L. 1 items
George, Taz 1 items
Gerena, Charles 1 items
Goodman, John L. 1 items
Gordon, Grey 1 items
Grant, Charles 1 items
Greenspan, Alan 1 items
Grover, Michael 1 items
Han, Song 1 items
Harker, Patrick T. 1 items
Haughwout, Andrew F. 1 items
Hercowitz, Zvi 1 items
Hirtle, Beverly 1 items
Horvath, Akos 1 items
Hryshko, Dmytro 1 items
Hull, David 1 items
Ionescu, Felicia 1 items
Jossi, Frank 1 items
Kay, Benjamin S. 1 items
Keitel, Philip 1 items
Kish, Andrew 1 items
Koepke, Matthew 1 items
Kohn, Donald L. 1 items
Kroszner, Randall S. 1 items
Lacker, Jeffrey M. 1 items
Lawrence, Edward C. 1 items
Lewis, Carol 1 items
Ludvigson, Sydney 1 items
Luengo-Prado, Maria Jose 1 items
Maki, Dean M. 1 items
Maland, Ellen 1 items
Mantel, Brian 1 items
Marsden, Madeline 1 items
Mazumder, Bhashkar 1 items
McAndrews, James J. 1 items
McConnell, Margaret M. 1 items
Meyer, Laurence H. 1 items
Minehan, Cathy E. 1 items
Mirza, Helen 1 items
Monsen, Gordon 1 items
Moore, Kevin B. 1 items
Moss, Milton 1 items
Munoz, Ana Patricia 1 items
Musto, David K. 1 items
Mustre-del-Rio, Jose 1 items
O'Dell, Mark 1 items
Ody, Christopher 1 items
Okah, Ebiere 1 items
Orr, James A. 1 items
Packis, Eleni 1 items
Palumbo, Michael G. 1 items
Park, Sangkyun 1 items
Passmore, Wayne 1 items
Paulson, Anna L. 1 items
Peristiani, Stavros 1 items
Pescatori, Andrea 1 items
Phillips, Ronnie J. 1 items
Potter, Joan 1 items
Raiff, Jonathan 1 items
Rajan, Aastha 1 items
Reil, Katharyne P. 1 items
Rhine, Sherrie L. W. 1 items
Rolnick, Arthur J. 1 items
Rosenthal, Stuart S. 1 items
Sack, Brian P. 1 items
Santomero, Anthony M. 1 items
Seger, Martha R. 1 items
Serrano-Padial, Ricardo 1 items
Silver, Rugenia 1 items
Singer, Audrey 1 items
Smith, Jeremy 1 items
Smith, Laura 1 items
Smith, Paul A. 1 items
Smith, Paul F. 1 items
Sorensen, Bent E. 1 items
Starr-McCluer, Martha 1 items
Staten, Michael E. 1 items
Stein, Sarah 1 items
Stewart, Julia T. 1 items
Stiroh, Kevin J. 1 items
Sullivan, James 1 items
Sumo, Vanessa 1 items
Tallman, Ellis W. 1 items
Telyukova, Irina A. 1 items
Tilson, Sebastian 1 items
Toussaint-Comeau, Maude 1 items
Van der Ven, Guido E. 1 items
Walter, John R. 1 items
Webster, Philip M. 1 items
Weinberg, John A. 1 items
Weintraut, Ben 1 items
Williams, Robard 1 items
Wilshusen, Stephanie M. 1 items
Wilson, John F. 1 items
Wix, Carlo 1 items
Wolken, John D. 1 items
Wright, Randall 1 items
Xian Ng, Jing 1 items
Young, Ralph A. 1 items
Zafar, Basit 1 items
Zikmund, Brian J. 1 items
show more (211)
show less
FILTER BY Jel Classification
G23 13 items
G21 9 items
G22 8 items
G52 7 items
E21 5 items
G51 4 items
D12 3 items
D61 3 items
E44 3 items
I22 3 items
J13 3 items
J15 3 items
D14 2 items
D18 2 items
E32 2 items
G28 2 items
K35 2 items
C34 1 items
C35 1 items
D60 1 items
D63 1 items
D81 1 items
D91 1 items
E51 1 items
G12 1 items
G18 1 items
G20 1 items
H81 1 items
I18 1 items
R3 1 items
show more (25)
show less
FILTER BY Keywords
Consumer behavior 55 items
Consumer surveys 39 items
Credit cards 24 items
Debt 17 items
Bankruptcy 14 items
Consumption (Economics) 11 items
Consumer protection 10 items
Credit 9 items
Household finance 9 items
Households - Economic aspects 8 items
Mortgages 8 items
Ancillary products 7 items
Debt cancellation agreements 7 items
GAP 7 items
GAP insurance 7 items
GAP waiver 7 items
Vehicle financing 7 items
Bank loans 6 items
Federal Reserve District, 9th 6 items
Payment systems 6 items
Credit scoring systems 5 items
Interest rates 5 items
Mortgage loans 5 items
Banks and banking 4 items
Credit counseling 4 items
Credit ratings 4 items
Housing - Finance 4 items
Loans, Personal 4 items
Personal loans 4 items
Student loans 4 items
Banking law 3 items
Children 3 items
Default (Finance) 3 items
Financial literacy 3 items
Forbearance 3 items
Foreclosure 3 items
Housing - Prices 3 items
Installment loans 3 items
Pandemic 3 items
Regulation Z: Truth in Lending 3 items
Saving and investment 3 items
Truth in Lending Act 3 items
Unemployment 3 items
Automobile industry and trade - Finance 2 items
Bank competition 2 items
Bank liquidity 2 items
Business cycles 2 items
Consumers 2 items
Contract enforcement 2 items
Credit supply 2 items
Creditor rights 2 items
Debt collection 2 items
Debt management 2 items
Default 2 items
Discrimination in consumer credit 2 items
Economic conditions 2 items
Fair Credit Reporting Act 2 items
Finance, Personal 2 items
Financial crises 2 items
Financial risk management 2 items
Fraud 2 items
Home equity loans 2 items
Immigrants 2 items
Income 2 items
Inflation (Finance) 2 items
Labor market 2 items
Law and finance 2 items
Law and legislation 2 items
Lindsey, Lawrence 2 items
Loans 2 items
Personal finance 2 items
Recessions 2 items
Risk 2 items
credit cards 2 items
401(k) plans 1 items
Asset-backed financing 1 items
Auto loan 1 items
Automobile industry and trade 1 items
Bank lending 1 items
Bank profits 1 items
Bank size 1 items
Banking market 1 items
Banks and banking - Customer services 1 items
Banks and banking - New England 1 items
Banks and banking, Central 1 items
Board of Governors of the Federal Reserve System (U.S.) 1 items
Borrowing premia 1 items
Business cycle 1 items
CARD Act 1 items
COVID-19 1 items
Capital movements 1 items
Climate risk 1 items
Commercial credit 1 items
Commercial loans 1 items
Community Reinvestment Act of 1977 1 items
Community banks 1 items
Community development 1 items
Consumer Advisory Council 1 items
Consumption 1 items
Contracts 1 items
Credit bureaus - Asia 1 items
Credit scoring 1 items
Debit cards 1 items
Debt - United States 1 items
Debt relief 1 items
Delinquency 1 items
Demography 1 items
Economics 1 items
Education 1 items
Electronic commerce 1 items
Electronic funds transfers 1 items
False personation 1 items
Federal Open Market Committee 1 items
Federal Reserve Bank of New York 1 items
Federal Reserve District, 2nd 1 items
Federal Reserve System 1 items
Federal Reserve banks - Profits 1 items
Financial institutions 1 items
Financial services industry 1 items
Flow of funds 1 items
Gramlich, Edward M. 1 items
Gross domestic product 1 items
Heterogeneous agents 1 items
Home Mortgage Disclosure Act 1 items
Home ownership 1 items
Household spending 1 items
Households 1 items
Households - Finance 1 items
Identification cards - Forgeries 1 items
Incomplete markets 1 items
Information technology 1 items
International finance 1 items
International liquidity 1 items
Korea 1 items
Labor mobility 1 items
Labor supply 1 items
Lender protection 1 items
Lending policy 1 items
Liquidity (Economics) 1 items
Misreporting 1 items
Monetary policy 1 items
Moral hazard 1 items
Mortgage default 1 items
New England 1 items
Nonbank financial institutions 1 items
Pawnbroking 1 items
Payday loans 1 items
Payments 1 items
Personal bankruptcy 1 items
Point-of-sale-systems 1 items
Predatory lending 1 items
Regulation BB: Community Reinvestment 1 items
Regulation W: Transactions between Banks and Their Affiliates 1 items
Sampling (Statistics) 1 items
Seger, Martha Romayne 1 items
Subprime credit 1 items
Subprime mortgage 1 items
Swaps (Finance) 1 items
Taxation 1 items
Treasury bonds 1 items
adjustable-rate mortgages 1 items
credit bureaus 1 items
credit card debt 1 items
credit scores 1 items
financial distress 1 items
households 1 items
loans 1 items
mortgage loans 1 items
subprime mortgages 1 items
show more (165)
show less