Third take home exercise, Econ 642 de Jong, Spring 2008 Answer all questions below. Please hand in your solutions at the start of the class of Monday May 12. Motivate all your answers. At http://web.econ.ohio-state.edu/ ∼ jungick/e642pd.htm you will ﬁnd an article by Munnell, Tootell, Browne, and McEneaney (1996) entitled “Mort-gage lending in Boston: Interpreting HMDA data”. It appeared in the “ﬂagship journal” of the Economics profession, the American Economic Review . The idea of this homework assignment is that you try to make sense of this article. Read the article to the best of your abilities, and answer the following questions: 1. Explain in your own words what this paper attempts to investigate. 2. On Page 26, we read “. . and omitted several key variables that could be correlated
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This note was uploaded on 07/17/2008 for the course ECON 642 taught by Professor De jong during the Spring '08 term at Ohio State.