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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...

Persistent link: https://www.econbiz.de/10012251966

The costs of macroprudential deleveraging in a liquidity trap

Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - In: Review of economic dynamics 51 (2023), pp. 991-1011

Persistent link: https://www.econbiz.de/10014472441

The costs of macroprudential deleveraging in a liquidity trap

Lindé, Jesper; Finocchiaro, Daria; Walentin, Karl; … - 2020

Persistent link: https://www.econbiz.de/10012220323

Credit cycles with market-based household leverage

Diamond, William; Landvoigt, Tim - In: Journal of financial economics 146 (2022) 2, pp. 726-753

Persistent link: https://www.econbiz.de/10013482350

The demand for long-term mortgage contracts and the role of collateral

Liu, Lu - 2023

Persistent link: https://www.econbiz.de/10014267184

The demand for long-term mortgage contracts and the role of collateral

Liu, Lu - 2023

fixation length tracks the life-cycle decline of credit risk in the mortgage market: the loan-to-value (LTV) ratio decreases …Long-term fixed-rate mortgage contracts protect households against interest rate risk, yet most countries have …-LTV borrowers, who pay large initial credit spreads, trade off their insurance motive against reducing credit spreads over time …