three main channels: wealth effect, household financial constraints, and bank health. We find a negligible wealth effect … prices. Deteriorating bank health leads to reduced credit supply both to households and firms. Our dataset allows us to … declining bank credit supply to households captures about half of the overall consumption response, once we account for …

conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …

The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) jointly organised a workshop …

The late 1990s through the mid-2000s was a period of historic growth in mortgage lending and house prices and there is … with the view that the house price boom was caused by an expansion in the supply of mortgage credit, primarily benefiting … borrowers and neighborhoods which previously had the most limited access to mortgage credit. In particular, the evidence can be …