Fracking and mortgage default
Cunningham, Christopher R.
- Publisher: Atlanta, GA: Federal Reserve Bank of Atlanta
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...