Similar Search Results

Great recession, slow recovery and muted fiscal policies in the US

Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016

This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...

Persistent link: https://www.econbiz.de/10011434680

Resolving mortgage distress after COVID-19 : some lessons from the last crisis

McCann, Fergal; O'Malley, Terry - 2021

debt resolution process in the Irish mortgage market in the lead up to the COVID-19 shock. We highlight the widespread … engagement of Irish borrowers with debt resolution mechanisms during a decade in which one sixth of mortgage accounts were … restructured by 2016. Lenders favoured short-term mortgage modifications at the beginning of the decade and three-quarters of …

Persistent link: https://www.econbiz.de/10012550326

Risky mortgages, credit shocks and cross-border spillovers

Buesa, Alejandro; Quinto, Alicia de; Población … - 2021

This paper describes a novel methodology of measuring risky and conservative mortgage credit using household survey … output, a feature linked to the lower relevance of homeownership which implies that mortgage credit plays a less prominent …

Persistent link: https://www.econbiz.de/10012603291

Resolving a non-performing loan crisis : the ongoing case of the Irish mortgage market

McCann, Fergal - 2018

resolution of the mortgage arrears crisis in Ireland. Using a large and close to exhaustive panel data set of Irish mortgages … legacy effects of the crisis in explaining recent entry to arrears, the role of mortgage modification in the reduction in … Irish mortgage market. …

Persistent link: https://www.econbiz.de/10011848377

Mortgage foreclosure risk after the great recession

Jakučionytė, Eglė; Singh, Swapnil - 2019

Persistent link: https://www.econbiz.de/10012155376

Lithuania in the euro area : transmission and macroprudential policies

Rubio, Margarita; Comunale, Mariarosaria - 2016

Persistent link: https://www.econbiz.de/10011721011

Determinants of depositors' behaviour: heterogeneous panel estimates

Mammadova, Leyla; Mammadova, Aytan; Mammadov, Fuad; … - 2016

Persistent link: https://www.econbiz.de/10012022889

Pockets of risk in European housing markets : then and now

Kelly, Jane; Le Blanc, Julia; Lydon, Reamonn - 2019

Using household survey data, we document evidence of a loosening of credit standards in Euro area countries that experienced a property price boom-and-bust cycle. Borrowers in these countries exhibited significantly higher loan-to-value (LTV) and loan-to-income (LTI) ratios in the run up to the...

Persistent link: https://www.econbiz.de/10011978833

Housing value and consumption in Europe: micro-findings from post-financial crisis data

Bielskis, Karolis - 2022

Persistent link: https://www.econbiz.de/10013362964

Distributional consequences of labor demand adjustments to a downturn : a model-based approach with application to Germany 2008 - 09

Bargain, Olivier; Immervoll, Herwig; Peichl, Andreas; … - 2010

Macro-level changes can have substantial effects on the distribution of resources at the household level. While it is possible to speculate about which groups are likely to be hardest-hit, detailed distributional studies are still largely backward-looking. This paper suggests a straightforward...

Persistent link: https://www.econbiz.de/10009729280