In this paper, we study the effects of elections on the changes in the supply of mortgage credits around elections. According to the literature, politicians have incentives to change economic policies in order to attract voters. We consider a particular type of credit offered through financial...

In this paper, we examine the effect of mortgage credit market conditions on U.S. elections. During the financial crisis of 2008, the U.S economy experienced a sudden drop in mortgage credit supply. According to the previous research, voters responded to the financial crisis of 2007-2008 by...

Output effects of currency crises are often estimated to be negative and persistent. A new banking crisis database allows us to construct pure currency collapses that are not associated with banking crises. The estimates show that countries facing a pure currency crisis have full recovery of...

This study examines the shape and dynamics of output recovery following currency crises characterized by currency crashes or large reserve losses. Our estimation allows output to follow U, V and L-shaped paths following each type of currency crises. The results indicate that output recovery...

We examine one of the secondary effects of the granting of Permanent Normal Trade Relations (PNTR) to China in October 2000: lower than expected house price appreciation. We consider housing prices for 2,800 US counties in a panel data setting for the years 1990 to 2020. We find that the 2000...