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Subprime Facts: What (We Think) We Know about the Subprime Crisis and What We Don't

Christopher L. Foote
Federal Reserve Bank of Boston

Kristopher Gerardi
Federal Reserve Bank of Atlanta

Lorenz Goette
University of Lausanne; Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA)

Paul Willen
Federal Reserve Bank of Boston - Research Department; National Bureau of Economic Research (NBER)

May 30, 2008

FRB of Boston Public Policy Discussion Paper No. 08-2

Abstract:
Using a variety of datasets, we document some basic facts about the current subprime crisis. Many of these facts are applicable to the crisis at a national level, while some illustrate problems relevant only to Massachusetts and New England. We conclude by discussing some outstanding questions about which the data, we believe, are not yet conclusive.

JEL Classifications: D11, D12, G21, R20

Working Paper Series

Date posted: June 30, 2008 ; Last revised: August 09, 2009

Suggested Citation

Foote, Christopher L., Gerardi, Kristopher S., Goette, Lorenz F. and Willen, Paul, Subprime Facts: What (We Think) We Know about the Subprime Crisis and What We Don't (May 30, 2008). FRB of Boston Public Policy Discussion Paper No. 08-2. Available at SSRN: http://ssrn.com/abstract=1153411

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Contact Information

Christopher L. Foote (Contact Author) Federal Reserve Bank of Boston ( email ) 600 Atlantic Avenue Boston, MA 02210 United States 617-973-3077 (Phone) 617-973-3957 (Fax)
Kristopher S. Gerardi Federal Reserve Bank of Atlanta ( email ) 1000 Peachtree Street N.E. Atlanta, GA 30309-4470 United States 404-498-8561 (Phone) HOME PAGE: http://sites.google.com/site/kristophergerardishomepage/
Lorenz F. Goette University of Lausanne ( email ) Department of Economics Batiment Internef Lausanne 1015 Switzerland (021) 692'3496 (Phone)
Centre for Economic Policy Research (CEPR) 90-98 Goswell Road London EC1V 7RR United Kingdom
Institute for the Study of Labor (IZA) P.O. Box 7240 D-53072 Bonn Germany HOME PAGE: http://www.iza.org
Paul Willen Federal Reserve Bank of Boston - Research Department ( email ) 600 Atlantic Avenue Boston, MA 02210 United States
National Bureau of Economic Research (NBER) 1050 Massachusetts Avenue Cambridge, MA 02138 United States