Leonard I Nakamura
Biographic Data
| ID | 5849236 |
|---|---|
| NAME | Leonard I Nakamura |
| GIVEN NAMES | Leonard I |
| FAMILY NAME | Nakamura |
| SIGNATURE | NAKAMURA L I |
| AFFILIATIONS | Federal Reserve Bank of Philadelphia |
| ORCID | 0000-0002-7461-6823 |
| VERIFIED | Yes |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 18 |
| WORKS AS AUTHOR | 4 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1993 |
| LATEST PUBLICATION YEAR | 2012 |
| H-INDEX | 2 |
Subprime mortgages and the housing bubble
Rents Have Been Rising, Not Falling, in the Postwar Period
Until the end of 1977, the U.S. consumer price index (CPI) for rents tended to omit rent increases when units had a change of tenants or were vacant, biasing inflation estimates downward. Beginning in 1978, the Bureau of Labor Statistics (BLS) implemented a series of methodological changes that reduced this nonresponse bias, but substantial bias remained until 1985. We set up a model of nonresponse bias, parameterize it, and test it using BLS mic…
Branch Banking and the Geography of Bank Pricing
We show that bank branching tends to mitigate localized market power by broadening the geographic scope of competition among banks, even though branch banking allows banks to differentiate themselves through their choices of branch locations. Banking services at peripheral locations will be priced more competitively when those locales are served by branch networks. We develop a theoretical model in support of this view and offer empirical evidenc…
A Model of Redlining
A Model of Redlining
Branch Banking and the Geography of Bank Pricing
We show that bank branching tends to mitigate localized market power by broadening the geographic scope of competition among banks, even though branch banking allows banks to differentiate themselves through their choices of branch locations. Banking services at peripheral locations will be priced more competitively when those locales are served by branch networks. We develop a theoretical model in support of this view and offer empirical evidenc…
Rents Have Been Rising, Not Falling, in the Postwar Period
Until the end of 1977, the U.S. consumer price index (CPI) for rents tended to omit rent increases when units had a change of tenants or were vacant, biasing inflation estimates downward. Beginning in 1978, the Bureau of Labor Statistics (BLS) implemented a series of methodological changes that reduced this nonresponse bias, but substantial bias remained until 1985. We set up a model of nonresponse bias, parameterize it, and test it using BLS mic…
Subprime mortgages and the housing bubble
Economics (4 works) · Business (3 works) · Housing Market and Economics (3 works) · Microeconomics (3 works) · Banking stability, regulation, efficiency (2 works) · Finance (2 works) · Finance (2 works) · Financial system (2 works) · Monetary economics (2 works) · Action (physics (1 work)