Showing 1 - 10 of 153
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This …
Persistent link: https://www.econbiz.de/10013031150
This paper examines business cycles theoretically and empirically, with a quantitative study based on experience over the long run and in a cross section of countries. Several major questions in business cycle theory are explored. Theoretical concerns indicate that the properties of business...
Persistent link: https://www.econbiz.de/10005830585
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This …
Persistent link: https://www.econbiz.de/10011145419
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This …
Persistent link: https://www.econbiz.de/10011144022
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This …
Persistent link: https://www.econbiz.de/10011106101
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This …
Persistent link: https://www.econbiz.de/10011114889
novel approach, we show that austerity is always a drag on growth, and especially so in depressed economies: a one percent …'s shift to austerity policies in 2010 on subsequent growth. …
Persistent link: https://www.econbiz.de/10010463587
business cycles are asymmetric and resemble mini "disasters." By this we mean that growth is pervasively fat-tailed and non … peacetime sample, we develop a tractable local projection framework to estimate consumption growth paths for normal and …
Persistent link: https://www.econbiz.de/10012224312
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10010412763
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10013032225