Kuttner, Kenneth Neil; Shim, Illyock - Economics Department, Williams College - 2013
-interest rate policy tools, including macroprudential measures, in stabilising house prices and housing credit. In conventional … panel regressions, housing credit growth is significantly affected by changes in the maximum debt-service-to-income (DSTI … ratio limit has a significant effect on housing credit growth when we use mean group and panel event study methods. Among …