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Empirical Model of Subprime MD 2000-2007

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NBER WORKING PAPER SERIES AN EMPIRICAL MODEL OF SUBPRIME MORTGAGE DEFAULT FROM 2000 TO 2007 Patrick Bajari Sean Chu Minjung Park Working Paper 14625 http://www.nber.org/papers/w14625 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 December 2008 We thank Narayana Kocherlakota, Andreas Lehnert, Monika Piazzesi, Tom Sargent, and Dick Todd for helpful conversations. Bajari would like to thank the National Science Foundation for generous research support. Thanks also go to Sean Flynn for helpful research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research. © 2008 by Patrick Bajari, Sean Chu, and Minjung Park. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.
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