In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7 … in recent years, due partly to the fact that tax breaks for housing purchase, reforms in the housing loan market since … the early 2000s, and expansionary monetary policy enabled Japanese households to purchase housing at a younger age than …

inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also … connected with structural features of the housing market. …

augment boom-bust cycles in the economy and increase the fragility of the financial sector. -- lending ; borrowing ; housing …Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series …

prices and household debt using a three-equation model, finding that household borrowing impacts housing prices in the short …Sweden is experiencing double-digit housing price gains alongside rising household debt. A common interpretation is … that mortgage lending boosted by expansionary monetary policy is driving up house prices. But theory suggests the value of …

The neoclassical growth model is extended to include costly intermediated borrowing and lending between households …. This is an important extension as substantial resources are used to intermediate the large amount of borrowing and lending … intermediation services are an intermediate good, and that the spread between borrowing and lending rates measures the efficiency of …

value without centralized intermediaries. It relies heavily on peer-to-peer lending and borrowing, decentralized exchanges …