Richard K. Green
Richard K. Green's Latest Articles | 85
Good News and Bad News on Race and Housing
Ed Glaeser and Jake Vigdor find that all-white neighborhoods are a thing of the past. They find: The most standard segregation measure shows that american cities... Read »
Why Fannie and Freddie will Likely Last
I was talking with SF Chronicle columnist Kathleen Pender yesterday, and she shared a trenchant observation: now that Congress has figured out a way to use the... Read »
Why to Worry about Chinese House Prices
Getting good data from China is problematic, but it is pretty clear house prices there are falling (see here, here and here). At first blush, this shouldn’t... Read »
Who Would Pay a 73 Percent Income Tax? Not Necessarily the Rich
A paper which is receiving considerable attention (see here, here and here) is Diamond and Saez’s Journal of Economic Perspectives piece on optimal marginal... Read »
Housing: Is it Gloom, or is it Underwriting?
More depressing house price numbers from Core logic this morning, with prices falling 1.3 percent month-over month. The National Association of Realtors says buyer... Read »
Disparities in Mortgage Lending
The Center for Responsible Lending’s research team of Carolina Reid (who has been working tirelessly at developing data on subprime mortgages for some time... Read »
Are Teachers Overpaid?
A recent study by John Richwine and Andrew Biggs of the Heritage Foundation and the American Enterprise Institute purports to show that teachers are on average overpaid.... Read »
Austerity is A Problem, But So is Fear
Paul Krugman this morning argues that fear of fear is phony. He is almost certainly correct that fear is not the number one problem at the moment–if I had... Read »
Allowing Underwater Borrowers to Refinance Could Improve Investors’ Sharpe Ratio
Consider borrowers with 6 percent 30-year mortgages that are 20 percent underwater. Assume that the probability that any one borrower will default in any one... Read »
Ten-Year Treasury Below 2 Percent!
If I am reading this graph correctly, we are at a 130 year record: Those bond vigilantes sure are being vengeful. And how about that S&P downgrade? The good... Read »







