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Justiniano, Alejandro - 2015

lending constraints in the mortgage market. This view on the fundamental drivers of the boom is consistent with four empirical …, and the fall in mortgage rates. These facts are difficult to reconcile with the popular view that attributes the housing …

Persistent link: https://www.econbiz.de/10013028389

Mortgage Defaults

Hatchondo, Juan Carlos - 2012

life-cycle profile of home ownership, and the mortgage default rate. The average coefficients that measure the agents …

Persistent link: https://www.econbiz.de/10013111389

Housing Collateral and the Monetary Transmission Mechanism

Sellin, Peter - 2010

In this paper our main aim is to quantify the role that housing collateral plays for the monetary transmission mechanism. Furthermore, we want to explore the implications of the increase in household indebtedness, and specifically the loan-to-value ratio, in the last two decades. We set up a two...

Persistent link: https://www.econbiz.de/10013143722

The Mortgage Crisis : Tipping Points and Trends Underlying the Housing Boom and its Subsequent Bust

Wind, Serge L. - 2015

In The Mortgage Crisis, a PowerPoint presentation, tipping points and enabling trends are identified which, in the … author's opinion, played key roles leading to the housing boom and the subsequent mortgage crisis, which eventually spread to … rating agencies to properly assess risks of default of subprime mortgage loans and mortgage-backed structured notes. Another …

Persistent link: https://www.econbiz.de/10013039101

The effect of borrower-specific loan-to-value policies on household debt, wealth inequality and consumption volatility : an agent-based analysis

Tarne, Ruben; Bezemer, Dirk Johan; Theobald, Thomas - 2021

This paper analyses the effects of borrower-specific credit constraints on macroeconomic outcomes in an agent-based housing market model, calibrated using U.K. household survey data. We apply different Loan-to-Value (LTV) caps for different types of agents: first-time-buyers, second and...

Persistent link: https://www.econbiz.de/10012659147

The costs of macroprudential deleveraging in a liquidity trap

Chen, Jiaqian; Finocchiaro, Daria; Lindé, Jesper; … - 2021 - updated January 2021

What are the effects of different borrower-based macroprudential tools when both real and nominal interest rates are low? We study this question in a New Keynesian model featuring long-term debt, housing transaction costs and a zero lower bound constraint on policy rates. We find that the...

Persistent link: https://www.econbiz.de/10012229933

A high resolution agent‐based model of the Hungarian housing market

Mérő, Bence; Borsos, András; Hosszú, Zsuzsanna; … - 2022

This paper presents a complex, modular, 1:1 scale model of the Hungarian residential housing market. All the 4 million house‐ holds and their relevant characteristics are represented based on empirical micro‐level data coming from the Central Credit Information System, the Pension Payment...

Persistent link: https://www.econbiz.de/10013402087

The effect of borrower-specific loan-to-value policies on household debt, wealth inequality and consumption volatility: an agent-based analysis

Tarne, Ruben; Bezemer, Dirk Johan; Theobald, Thomas - 2021

Persistent link: https://www.econbiz.de/10012614086

Macroprudential policy in a recovering market : too much too soon?

Duffy, David; McInerney, Niall; McQuinn, Kieran - 2015

these measures comes at a time when housing supply and mortgage lending are at historically low levels. In this paper we use … for house prices and key activity variables in the mortgage market. …

Persistent link: https://www.econbiz.de/10010517190

Impact of the US Credit Crunch and Housing Market Crisis on China

Yao, Shujie - 2009

rates and house prices. Some Chinese banks, especially the Bank of China, have been exposed to the US mortgage … mortgage defaults than their western counterparts because house buyers are mainly urban and high income residents who are …

Persistent link: https://www.econbiz.de/10013157129