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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
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Nominal rigidities in debt and product markets
Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - 2016
framework. The sticky price channel is dominant when shocks to the policy interest rate are temporary, the mortgage channel is …
Persistent link: https://www.econbiz.de/10011524379
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Monetary policy, housing, and collateral constraints
Franz, Thorsten - 2019
decisively on prevailing loan-to-value (LTV) ratios in mortgage markets with borrowing constrained households. Utilizing a smooth … housing sector in times of high LTV ratios, which, through changes in mortgage lending and mortgage equity withdrawals (MEWs …
Persistent link: https://www.econbiz.de/10011963152
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Nominal rigidities in debt and product markets
Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - 2016
Persistent link: https://www.econbiz.de/10012171871
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Nominal rigidities in debt and product markets
Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - 2016
framework. The sticky price channel is dominant when shocks to the policy interest rate are temporary, the mortgage channel is …
Persistent link: https://www.econbiz.de/10011539811
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Nominal Rigidities in Debt and Product Markets
Garriga, Carlos - 2019
framework. The sticky price channel is dominant when shocks to the policy interest rate are temporary, the mortgage channel is …
Persistent link: https://www.econbiz.de/10013210442
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The macroeconomic effects of government asset purchases : evidence from postwar US housing credit policy
Fieldhouse, Andrew; Mertens, Karel; Ravn, Morten O. - 2017
Persistent link: https://www.econbiz.de/10012171921
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Systematic monetary policy and the macroeconomic effects of shifts in loan-to-value ratios
Bachmann, Ruediger; Rüth, Sebastian - 2017
What are the macroeconomic consequences of changing aggregate lending standards in residential mortgage markets, as … instrument, and, as a result, mortgage rates increase and residential investment declines. The monetary policy reaction function …. Without the endogenous monetary policy reaction residential investment increases. House prices and household (mortgage) debt …
Persistent link: https://www.econbiz.de/10011646925
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The European Central Bank's QE : a new hope
Wieladek, Tomasz; Garcia Pascual, Antonio - 2016
We examine the impact of the ECB's QE on Euro Area real GDP and core CPI with a Bayesian VAR, estimated on monthly data from 2012M6 to 2016M4. We assess the total impact via a counter-factual exercise, country-by-country and through alternative transmission channels. QE anouncement shocks are...
Persistent link: https://www.econbiz.de/10011488021
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Refinancing, monetary policy, and the credit cycle
Amromin, Gene; Bhutta, Neil; Keys, Benjamin J. - In: Annual review of financial economics 12 (2020), pp. 67-93
Persistent link: https://www.econbiz.de/10012404618