Reichel, Vlastimil; Němec, Daniel; Chalmovianský, Jakub - In: DANUBE: Law, Economics and Social Issues Review 10 (2019) 4, pp. 383-399
Using a dynamic stochastic general equilibrium model (DSGE) with the housing sector, this paper evaluates the impact of housing collateral on the business cycle in the Czech economy. We devote special attention to the setting of the loan to value (LTV) ratio, which we believe plays an important...