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House financing has played a prominent role in advanced economies. In addition, most of the banking crises in advanced economies were associated with boom-bust cycles in house prices. Prominent researchers suggest that more grants for household debt reduction would have provided a significant...
Persistent link: https://www.econbiz.de/10011635333
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' exante leverage and insurance decisions are associated with aggregate demand externalities. The competitive equilibrium … inferior to macroprudential policy in addressing excessive leverage, and it can even have the unintended consequence of … increasing leverage. …
Persistent link: https://www.econbiz.de/10010800974
House financing has played a prominent role in advanced economies. In addition, most of the banking crises in advanced economies were associated with boom-bust cycles in house prices. Prominent researchers suggest that more grants for household debt reduction would have provided a significant...
Persistent link: https://www.econbiz.de/10011636008
-ante leverage and insurance decisions are associated with aggregate demand externalities. The competitive equilibrium allocation is … policy in addressing excessive leverage, and it can even have the unintended consequence of increasing leverage. …
Persistent link: https://www.econbiz.de/10010500275
Persistent link: https://www.econbiz.de/10011387738
-ante leverage and insurance decisions are associated with aggregate demand externalities. The competitive equilibrium allocation is … policy in addressing excessive leverage, and it can even have the unintended consequence of increasing leverage. …
Persistent link: https://www.econbiz.de/10010255368
Persistent link: https://www.econbiz.de/10014464888
Public investment represents a non-negligible fraction of total public expenditures. Yet, theoretical studies of the effects of public spending when the economy is stuck in a liquidity trap invariably assume that government expenditures are entirely wasteful. In this paper, we consider a...
Persistent link: https://www.econbiz.de/10010814362