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Real estate transaction taxes and credit supply

Koetter, Michael; Marek, Philipp; Mavropoulos, Antonios - 2021

price changes on mortgage credit supply. Based on approximately 33 million real estate online listings, we construct a … isolate the effect on mortgage credit supply by all local German banks. First, a RETT hike by one percentage point reduces HPI … the RETT leads to a 1.4% decline in mortgage lending. This transmission of fiscal policy to mortgage credit supply is …

Persistent link: https://www.econbiz.de/10012433677

Monetary policy, housing, and collateral constraints

Franz, Thorsten - 2019

decisively on prevailing loan-to-value (LTV) ratios in mortgage markets with borrowing constrained households. Utilizing a smooth … housing sector in times of high LTV ratios, which, through changes in mortgage lending and mortgage equity withdrawals (MEWs …

Persistent link: https://www.econbiz.de/10011963152

Affordability, financial innovation and the start of the housing boom

Dokko, Jane K.; Keys, Benjamin J.; Relihan, Lindsay E. - 2019

Persistent link: https://www.econbiz.de/10011986443

Macro to the rescue? : an analysis of macroprudential instruments to regulate housing credit

Falter, Alexander - 2019

of macroprudential instruments addressing mortgage credit. The model compares the introduction of a loan-to-value ratio …

Persistent link: https://www.econbiz.de/10012034723

The making of America’s imbalances

Schularick, Moritz; Wachtel, Paul - 2012

separate trends: a sharp fall in the asset acquisition of American households in the 1990s, and an explosion of mortgage … that the American credit boom of the 2000s had few direct links to reserve accumulation in emerging markets. The mortgage …

Persistent link: https://www.econbiz.de/10009580848

Time variation in macro-financial linkages

Prieto, Esteban; Eickmeier, Sandra; Marcellino, Massimiliano - 2013

We analyze the contribution of credit spread, house and stock price shocks to GDP growth in the US based on a Bayesian VAR with time-varying parameters estimated over 1958-2012. Our main findings are: (i) The contribution of financial shocks to GDP growth fluctuates from about 20 percent in...