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Unregulated lending, mortgage regulations and monetary policy

Emenogu, Ugochi; Peterson, Brian - 2022 - Last updated: June 27, 2022

Macroprudential policies are often aimed at the traditional banking sector while nondepository financial institutions or shadow banks have limited or no prudential regulations. This paper studies the macroeconomic impact of household-side macroprudential tightening in the presence of unregulated...

Persistent link: https://www.econbiz.de/10013264902

The interaction of mortgage credit and housing prices in the US

Lindner, Fabian - 2014

This paper looks at the relation between mortgage credit and housing values. It has become conventional wisdom in … tested as of yet. The paper uses the Johansen procedure to estimate a long run relationship between mortgage credit and … different housing price variables are estimated. It is found that mortgage credit is weakly exogenous. Impulse …

Persistent link: https://www.econbiz.de/10010349918

Housing, consumption and monetary policy : how different are the US and the euro area?

Musso, Alberto; Neri, Stefano; Stracca, Livio - 2010

real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …

Persistent link: https://www.econbiz.de/10003971203

Debt dynamics and monetary policy : a note

Laséen, Stefan; Strid, Ingvar - 2013

"Leaning against the wind" - a tighter monetary policy than necessary for stabilizing inflation around the inflation target and unemployment around a long-run sustainable rate - has been justified as a way of reducing household indebtedness. In a recent paper Lars Svensson claims that this...

Persistent link: https://www.econbiz.de/10010227164

Business cycle implications of mortgage spreads

Walentin, Karl - 2014 - September 2013 (Updated March 2014)

mortgage rates and government bonds? Using a structural VAR approach, we find that mortgage spread shocks impact the real …

Persistent link: https://www.econbiz.de/10010202977

Housing, Consumption and Monetary Policy : How Different are the US and the Euro Area?

Musso, Alberto - 2012

real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …

Persistent link: https://www.econbiz.de/10013116395

Housing, Consumption and Monetary Policy : How Different are the U.S. And the Euro Area?

Musso, Alberto - 2011

sides of the Atlantic, such as real house prices, residential investment and mortgage debt. It then presents evidence from …

Persistent link: https://www.econbiz.de/10013124765

Macroprudential and Monetary Policies : Implications for House Prices and Household Debt

Jung, Yongseung - 2015

This study examines the effect of the interaction between time- varying macroprudential policy and credit growth or house price growth on dampening the excess volatility of household debt in the standard DSGE model. The study also discusses the effect of introducing the debt-to-income ratio,...

Persistent link: https://www.econbiz.de/10013020192

Housing Finance and Monetary Policy

Calza, Alessandro; Monacelli, Tommaso; Stracca, Livio - 2021

main facts: first, the features of residential mortgage markets differ markedly across industrialized countries; second … house prices is significantly stronger in those countries with larger flexibility/development of mortgage markets; third …, the transmission to consumption is stronger only in those countries where mortgage equity release is common and mortgage …

Persistent link: https://www.econbiz.de/10013316354

Housing Collateral and the Monetary Transmission Mechanism

Sellin, Peter - 2010

In this paper our main aim is to quantify the role that housing collateral plays for the monetary transmission mechanism. Furthermore, we want to explore the implications of the increase in household indebtedness, and specifically the loan-to-value ratio, in the last two decades. We set up a two...

Persistent link: https://www.econbiz.de/10013143722

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