Local Economic Conditions and Local Equity Preferences: Evidence from Mutual Funds during the U.S. Housing Boom and Bust

2016 ◽  
Author(s):  
Chandler Lutz ◽  
Aleksandra Anna Rzeznik ◽  
Ben Sand
2019 ◽  
Vol 35 (1) ◽  
pp. 96-111 ◽  
Author(s):  
Alex Waddan

AbstractThere has been a growing discussion in recent years about rising inequality in the U.S. Yet, this discourse, in focusing on the fortunes of the top 1%, distracted attention from the design of policy initiatives aimed at improving socio-economic conditions for the poor. This paper examines the development of anti-poverty politics and policy in the US during the Obama era. It analyses how effective the strategies and programmes adopted were and asks how they fit with models of policy change. The paper illustrates that the Obama administration did adopt an array of anti-poverty measures in the stimulus bill, but these built on existing programmes rather than create new ones and much of the effort was stymied by institutional obstacles. The expansion of the Medicaid program, which was part of the ACA, was also muted by institutional opposition, but it was a more path breaking reform than is often appreciated.


2016 ◽  
Vol 8 (1) ◽  
pp. 1-27 ◽  
Author(s):  
Patrick Bayer ◽  
Fernando Ferreira ◽  
Stephen L. Ross

This paper examines mortgage outcomes for a large sample of individual home purchases and refinances linked to credit scores in seven major US markets. Among those with similar credit scores and loan attributes, black and Hispanic homeowners had much higher rates of delinquency and default in the downturn. These estimated differences are especially pronounced for loans originated near the peak of the housing boom. These findings suggest that black and Hispanic homeowners drawn into the market near the peak were especially vulnerable to adverse economic shocks and raise concerns about homeownership as a mechanism for reducing racial disparities in wealth. (JEL D14, J15, R23, R31, R38)


Asian Survey ◽  
2011 ◽  
Vol 51 (1) ◽  
pp. 97-110 ◽  
Author(s):  
C. Christine Fair

The 2010 floods exacerbated Pakistan's lingering domestic weaknesses including fraught civil-military relations, perilous economic conditions, and the ineptitude of the civilian government. While a military coup is unlikely anytime soon, army chief Ashfaq Pervez Kayani continues to consolidate his personal power, despite his cultivated democratic credentials, and that of the army, at the expense of the civilian leadership. The differences in the strategic interests of Pakistan and the U.S. seem stark, especially as the latter seeks to develop an exit strategy that would permit a cessation of its military action in Afghanistan.


2013 ◽  
Vol 44 (2) ◽  
pp. 287-320 ◽  
Author(s):  
Riccardo Crescenzi ◽  
Andrés Rodríguez-Pose

2013 ◽  
Vol 23 (1) ◽  
pp. 144-158 ◽  
Author(s):  
Jeff Crump

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