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The effects of the Fed's monetary tightening campaign on nonbank mortgage lending
Evans, Jocelyn; Robertson, Mari L. - In: Economics letters 171 (2018), pp. 164-168
Persistent link: https://www.econbiz.de/10012021887
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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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Unconventional monetary policy and risk-taking : evidence from agency mortgage REITs
Frame, W. Scott; Steiner, Eva - 2018
We study how the Federal Reserve's quantitative easing (QE) influenced the behavior of Agency mortgage real estate …. We document that Agency mortgage REITs: [i] equity prices reacted to QE announcements and in a manner consistent with …
Persistent link: https://www.econbiz.de/10011895590
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Quantitative easing and financial risk taking : evidence from agency mortgage REITs
Frame, W. Scott; Steiner, Eva - 2020
Persistent link: https://www.econbiz.de/10012387983
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Quantitative easing and agency MBS investment and financing choices by mortgage REITs
Frame, W. Scott; Steiner, Eva - In: Real estate economics 50 (2022) 4, pp. 931-965
Persistent link: https://www.econbiz.de/10013275943
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Mortgage debt and time-varying monetary policy transmission
Finck, David; Schmidt, Jörg; Tillmann, Peter - 2018
We study the role of monetary policy for the dynamics of U.S. mortgage debt, which is the largest component of … household indebtedness. A timevarying parameter VAR model allows us to study the variation in the mortgage debt sensitivity to … quantitatively similar to the VAR results. A sacrifice ratio for mortgage debt reveals that a policy tightening directed towards …
Persistent link: https://www.econbiz.de/10011803783
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Economic Stability and Economic Governance in the Euro Area : What the European Crisis Can Teach on the Limits of Economic Integration
Lupo-Pasini, Federico - 2013
The recent European economic crisis has dramatically exposed the failures of the various institutional mechanisms in place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on fiscal and financial stability policies. Drawing on the...
Persistent link: https://www.econbiz.de/10013085690
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Foreign capital, inflation, sterilization, crowding-out and growth : some illustrative models
Singh, Nirvikar; Srinivasan, Thirukodikaval N. - 2004
This paper discusses some puzzles in the contemporary macroeconomic scene in India, from the perspective of public finance and economic development. These include a fiscal deficit higher than it was during the 1991 crisis, but without a large current account deficit or rise in inflation or...
Persistent link: https://www.econbiz.de/10011520530
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The side effects of safe asset creation
Acharya, Sushant; Dogra, Keshav - 2018
We present an incomplete markets model to understand the costs and benefits of increasing government debt in a low interest rate environment. Higher risk increases the demand for safe assets, lowering the natural rate of interest below zero, constraining monetary policy at the zero lower bound,...
Persistent link: https://www.econbiz.de/10011806268
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When does government debt crowd out investment?
Traum, Nora; Yang, Shu-Chun S. - In: Journal of applied econometrics 30 (2015) 1, pp. 24-45
Persistent link: https://www.econbiz.de/10011327655