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Jordà, Òscar - 2015

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10013031150

Leaning Against Boom-Bust Cycles in Credit and Housing Prices

Lambertini, Luisa - 2012

-bust cycles in housing prices and credit generated by expectations of future macroeconomic developments. First, we find no trade …-off between the traditional goals of monetary policy and leaning against boom-bust cycles. An interest-rate rule that completely … macroeconomic and financial cycles and is welfare improving relative to the estimated rule. Second, counter-cyclical Loan …

Persistent link: https://www.econbiz.de/10013115033

Europe's euro and competitiveness crises

Salvatore, Dominick - In: Journal of policy modeling : JPMOD ; a social science … 37 (2015) 3, pp. 445-449

Persistent link: https://www.econbiz.de/10011478456

Should Poland join the euro area? : the challenge of the boom-bust cycle

Karnowski, Jakub; Rzońca, Andrzej - In: Argumenta oeconomica 50 (2023) 1, pp. 227-262

Persistent link: https://www.econbiz.de/10014279387

Exposure to international crises : trade vs. financial contagion

Grant, Everett - 2016

distance, trade, and finance to the US subprime mortgage and Eurozone debt crisis areas. To understand the causes of the cross …

Persistent link: https://www.econbiz.de/10011975657

Limited Asset Market Participation and the Euro Area Crisis. An Empirical DSGE Model

Albonico, Alice - 2018

We estimate a medium scale DSGE model for the Euro area with Limited Asset Market Participation (LAMP). Our results …

Persistent link: https://www.econbiz.de/10012907972

Central Bank Liquidity During the Financial Market and Economic Crisis : Observations, Thoughts and Questions

Pikkarainen, Pentti - 2011

The paper concentrates on illustrating and assessing central banks' liquidity operations during the crisis that started in August 2007. In addition to the ECB, the central banks of Sweden, Switzerland, the United Kingdom, Australia, Japan, Canada and the United States are analyzed. During the...

Persistent link: https://www.econbiz.de/10013130409

Banking crises and boom-bust dynamics : evidence for Italy (1861-2016)

Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta; … - 2018

The financial crises of 2007-2008 and the subsequent worldwide recession show the importance of exploring the correlation between financial and real crises. Starting from our new estimation of the Italian business cycle (Bartoletto et al., 2017), we analyze the linkage between banking crises and...

Persistent link: https://www.econbiz.de/10011819402

A general equilibrium appraisal of capital shortfall

Jondeau, Eric; Sahuc, Jean-Guillaume - 2018

2.8% of euro-area GDP, which corresponds to approximately 250 billion euros. We also find that using a cycle …

Persistent link: https://www.econbiz.de/10011877254

Causes of the outbreak of the Eurozone crisis : the role of the USA and the European Central Bank monetary policy

Białek, Natalia - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 2, pp. 47-63

This paper argues that the loose monetary policy of two of the world’s most important financial institutions-the US Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of 2008 - 09. Unusually low interest rates in 2001 -...

Persistent link: https://www.econbiz.de/10011402491