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

Foote, Christopher L.; Gerardi, Kristopher; Goette, Lorenz; Willen, Paul

doi:10.2139/ssrn.1153411

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

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

57 Pages Posted: 30 Jun 2008

See all articles by Christopher L. Foote

Lorenz Goette

University of Lausanne; Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

Paul Willen

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

Date Written: May 30, 2008

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 Classification: D11, D12, G21, R20

Suggested Citation: Suggested Citation

Foote, Christopher L. and Gerardi, Kristopher S. and Goette, Lorenz F. and Willen, Paul S., 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: https://ssrn.com/abstract=1153411 or http://dx.doi.org/10.2139/ssrn.1153411