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Macroeconomic determinants of wealth inequality dynamics

Berisha, Edmond; Meszaros, John - In: Economic modelling 89 (2020), pp. 153-165

Persistent link: https://www.econbiz.de/10012425935

Income inequality and household debt : a U.S. state-level spatial analysis

Vijverberg, Chu-ping C. - In: Economic modelling 138 (2024), pp. 1-18

Persistent link: https://www.econbiz.de/10014549248

Houses as collateral and household debt deleveraging in Korea

Song, Joonhyuk; Ryu, Doojin - In: Economics : the open-access, open-assessment journal 15 (2021) 1, pp. 3-27

As Korea's household debt has increased rapidly since the mid-2000s, concerns that its economy's hard-wired leveraging … long-run trend. Housing preferences and monetary shocks can both trigger deleveraging, as most household debt is profoundly … macroeconomic effects of deleveraging. Because a lower loan-to-value (LTV) ceiling limits the size of household debt, the …

Persistent link: https://www.econbiz.de/10012606953

Does household debt matter to financial fragility?

Leclaire, Joëlle - In: Review of political economy 35 (2023) 2, pp. 434-453

Persistent link: https://www.econbiz.de/10014294102

Household indebtedness, financial frictions and the transmission of monetary policy to consumption : evidence from China

Funke, Michael; Li, Xiang; Zhong, Doudou - In: Emerging markets review 55 (2023), pp. 1-19

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The costs of macroprudential deleveraging in a liquidity trap

Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - 2020

We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...