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costs of crises have remained large. Importantly, we demonstrate that credit growth is a powerful predictor of financial …
Persistent link: https://www.econbiz.de/10008627145
costs of crises have remained large. Importantly, we demonstrate that credit growth is a powerful predictor of financial …
Persistent link: https://www.econbiz.de/10008636377
. Importantly, we can also show that credit growth is a powerful predictor of financial crises, suggesting that such crises are …
Persistent link: https://www.econbiz.de/10010276867
This paper reviews literature on the empirical relationship between vulnerabilities in the financial system and the macroeconomy, and how monetary policy affects that connection. Financial vulnerabilities build up over time, with both risk appetite and risk taking rising during economic...
Persistent link: https://www.econbiz.de/10013300859
the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much …
Persistent link: https://www.econbiz.de/10011815792
the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much …
Persistent link: https://www.econbiz.de/10011794864
the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much …
Persistent link: https://www.econbiz.de/10012921279
risk, especially for higher co-variance with income growth and lower liquidity. Superstar real estate is comparatively safe. …
Persistent link: https://www.econbiz.de/10012819010
compensation for risk, especially for higher covariance with income growth and lower liquidity. Superstar real estate is …
Persistent link: https://www.econbiz.de/10013330014
Rising within-country differences in house values are a much debated trend in the U.S. and internationally. Using new long-run regional data for 15 advanced economies, we first show that standard explanations linking growing price dispersion to rent dispersion are contradicted by an important...
Persistent link: https://www.econbiz.de/10014374373