Fracking and mortgage default
Research
English
OPEN
Cunningham, Christopher R.
;
Gerardi, Kristopher
;
Shen, Yannan
(2017)
- Publisher: Atlanta, GA: Federal Reserve Bank of Atlanta
-
Subject:
Q51 | R11 | G21 | mortgage default | hydraulic fracking | house prices | shale gas
This paper finds that increased hydraulic fracturing, or "fracking", along the Marcellus Formation in Pennsylvania had a significant, negative effect on mortgage credit risk. Controlling for potential endogeneity bias by utilizing the underlying geologic properties of t...
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