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Calibrating Macroprudential Policies in Europe Amid Rising Housing Market Vulnerability
Valderrama, Laura - 2023
Housing market developments are in the spotlight in Europe. Over-stretched valuations amid tightening financial …-related systemic risk in Europe, providing design solutions to avoid unintended consequences during a tightening phase, and navigating …
Persistent link: https://www.econbiz.de/10015059558
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The domestic credit supply response to international bank deleveraging : is Asia different?
Aiyar, Shekhar; Jain Chandra, Sonali - 2012
examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia …
Persistent link: https://www.econbiz.de/10009659761
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Irrational Exuberance in the U.S. Housing Market
Crowe, Christopher W. - 2009
The recent housing bust has reignited interest in psychological theories of speculative excess (Shiller, 2007). I investigate this issue by identifying a segment of the U.S. population-evangelical protestants-that may be less prone to speculative motives, and uncover a significant negative...
Persistent link: https://www.econbiz.de/10012677736
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The Pricing-Out Phenomenon in the U.S. Housing Market
Beraldi, Francesco - 2023
The COVID-19 pandemic further extended the multi-year housing boom in advanced economies and emerging markets alike against massive monetary easing during the pandemic. In this paper, we analyze the pricing-out phenomenon in the U.S. residential housing market due to higher house prices...
Persistent link: https://www.econbiz.de/10015059837
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Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis
Fund, International Monetary - 2012
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10012677547
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The Elusive Quest for Inclusive Growth : Growth, Poverty, and Inequality in Asia
Balakrishnan, Ravi - 2013
This paper assesses how pro-poor and inclusive Asia's recent growth has been, and what factors have been driving these …, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia … policies that could help redress these trends and broaden the benefits of growth in Asia. These include fiscal policies to …
Persistent link: https://www.econbiz.de/10014409435
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What Drives Mortgage Default Risk in Europe and the U.S.?
Gross, Marco - 2022
We present an analysis of the sensitivity of household mortgage probabilities of default (PDs) and loss given default (LGDs) on unemployment rates, house price growth, interest rates, and other drivers. A structural micro-macro simulation model is used to that end. It is anchored in the balance...
Persistent link: https://www.econbiz.de/10015060521
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Public debt dynamics : the effects of austerity, inflation, and growth shocks
Cherif, Reda; Hasanov, Fuad - 2012
We study how macroeconomic shocks affect U.S. public debt dynamics using a VAR with debt feedback. Following a fiscal austerity shock, the debt ratio initially declines and then returns to its pre-shock path. Yet, the effect is not statistically significant. In a weak economic environment, the...
Persistent link: https://www.econbiz.de/10009622446
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Much Ado About Nothing? Estimating the Impact of a U.S. Slowdown on Thai Growth
Aiyar, Shekhar - 2008
External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate moderating foreign demand in 2008, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets, and high oil prices. While the share of Thai exports to...
Persistent link: https://www.econbiz.de/10012677605
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Did the U.S. Really Grow Out of Its World War II Debt?
Acalin, Julien - 2024
The fall in the U.S. public debt/GDP ratio from 106% in 1946 to 23% in 1974 is often attributed to high rates of economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged interest rates before the Fed-Treasury Accord of 1951....
Persistent link: https://www.econbiz.de/10015058792