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Quantitative easing and the loan to collateral value ratio
Damjanovic, Tatiana; Girdėnas, Šarūnas - In: Journal of economic dynamics & control 45 (2014), pp. 146-164
Persistent link: https://www.econbiz.de/10010474445
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Quantitative easing and the loan to collateral value ratio
Damjanovic, Tatiana; Girdeṅas, Šarun̄as - 2014
Persistent link: https://www.econbiz.de/10010365210
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Should Central Bank respond to the Changes in the Loan to Collateral Value Ratio and in the House Prices?
Damjanovic, Tatiana; Girdenas, Sarunas - Business School, University of Exeter - 2013
house equity borrowing to conduct transactions. The amount of borrowing is limited by a collateral constraint. When either … to collateral value ratio. We also find that optimal monetary policy generates large and more persistent fall in the … money multiplier in response to drop in the loan to collateral value ratio. …
Persistent link: https://www.econbiz.de/10010643366
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Monetary and macroprudential policies under fixed and variable interest rates
Rubio, Margarita - In: Macroeconomic dynamics 23 (2019) 3, pp. 1024-1061
Persistent link: https://www.econbiz.de/10012126663
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The costs of macroprudential deleveraging in a liquidity trap
Lindé, Jesper; Finocchiaro, Daria; Walentin, Karl; … - 2020
Persistent link: https://www.econbiz.de/10012220323
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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
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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
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Housing collateral and the monetary transmission mechanism
Walentin, Karl - In: The Scandinavian journal of economics 116 (2014) 3, pp. 635-668
Persistent link: https://www.econbiz.de/10010419893
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Interest rates, leverage, and money
Serletis, Apostolos; Istiak, Khandokar; Gkonkas, Periklēs - In: Open economies review 24 (2013) 1, pp. 51-78
Persistent link: https://www.econbiz.de/10009737965
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The special effect of interest rate cuts on housing prices
Lin, Che-Chun; Tsai, I-Chun - In: Journal of business economics and management 22 (2021) 3, pp. 776-798
This study uses theoretical models and empirical research to explain that interest rates affect the structure of housing price formation and correction rather than affect the price alone. In particular, when interest rates are substantially reduced, the correction of housing prices toward...
Persistent link: https://www.econbiz.de/10012506319