{"id":26708,"date":"2015-04-27T18:55:30","date_gmt":"2015-04-27T16:55:30","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=26708"},"modified":"2015-04-28T16:25:44","modified_gmt":"2015-04-28T14:25:44","slug":"26708","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/26708\/","title":{"rendered":"Correlation: Income and Credit Growth"},"content":{"rendered":"

Economists from the Atlanta Federal Reserve write:\u00a0 Almost a decade has passed since the peak of the housing boom, and a handful of economics papers have emerged as fundamental influences on the way that economists think about the boom – and the ensuing bust. One example is a paper by Atif Mian and Amir Sufi that appeared in the Quarterly Journal of Economics<\/em> in 2009 (MS2009 hereafter). A key part of this paper is an analysis of income of <\/a>growth and mortgage-credit growth in individual U.S. ZIP codes. The authors find that from 2002 to 2005, ZIP codes with relatively low growth in incomes experienced high growth in mortgage credit; that is, income growth and credit growth were negatively correlated<\/em> during this period.\u00a0 Income Growth and Credit Growth Correlation<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Economists from the Atlanta Federal Reserve write:\u00a0 Almost a decade has passed since the peak of the housing boom, and a handful of economics papers have emerged as fundamental influences on the way that economists think about the boom – … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-26708","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t