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Real estate and the great crisis : lessons for macro-prudential policy

Duca, John V.; Popoyan, Lilit; Wachter, Susan M. - 2016

underpricing of risk made possible by regulatory arbitrage and shadow financing fueled the credit and twin real estate bubbles of … the mid-2000s. Across countries and over time bubbles have been particularly acute in real estate markets reflecting not …

Persistent link: https://www.econbiz.de/10011509124

Bubbly booms and welfare

Dong, Feng; Jiao, Yang; Sun, Haoning - In: Review of economic dynamics : the official journal of … 53 (2024), pp. 71-122

Persistent link: https://www.econbiz.de/10014566402

Housing bubbles : what are their causes and can we get rid of them?

Noord, Paul Joseph van den - In: Financial cycles and real economy : lessons for CESEE …, (pp. 185-195). 2014

Persistent link: https://www.econbiz.de/10010437937

Taming the Housing Crisis : An LTV Macroprudential Policy

Forster, Robert - 2020

This paper develops a DSGE framework featuring a heterogeneous housing market, endogenousdefault, and a banking sector. We find that the idiosyncratic mortgage risk shock plays an importantrole in explaining the fluctuations of house prices during the mid-1980s and the years leading up tothe...

Persistent link: https://www.econbiz.de/10012826836