Replication data for: A Simple Model of Subprime Borrowers and Credit Growth

Giorgio E. Primiceri, Alejandro Justiniano & Andrea Tambalotti
The surge in credit and house prices that preceded the Great Recession was particularly pronounced in ZIP codes with a higher fraction of subprime borrowers (Mian and Sufi, 2009). We present a simple model with prime and subprime borrowers distributed across geographic locations, which can reproduce this stylized fact as a result of an expansion in the supply of credit. Due to their low income, subprime households are constrained in their ability to meet interest...
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