inclusion of a broad set of loan-level controls and fixed effects. We also find that the spread between high and low credit …

This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the …

This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the …

I study the effects of an increase in the supply of local mortgage credit on local house prices and employment by … dissatisfied retail customers from a large, universal bank, UBS, to homogeneous local mortgage lenders. Mortgage lenders located … in the geographic distance between UBS branches and local mortgage lenders as an instrument for deposit growth, I find …

I study the effects of an increase in the supply of local mortgage credit on local house prices and employment by … that local mortgage oriented banks affect house prices through the supply of credit and that bank specialization thereby … customers from a large, universal bank (UBS) to homogenous local mortgage lenders in mid-2008. Mortgage lenders close to UBS …

This paper looks at the relation between mortgage credit and housing values. It has become conventional wisdom in … tested as of yet. The paper uses the Johansen procedure to estimate a long run relationship between mortgage credit and … different housing price variables are estimated. It is found that mortgage credit is weakly exogenous. Impulse …

ways. First, I apply a micro-founded strategy for disentangling demand from supply shifts in credit. Using this … period. The sensitivity of credit supply to monetary shocks is not related to the bank characteristics generally used in the …

credit growth is used to capture cyclical exuberance and calibrate buffer requirements, it depends on potentially … heterogeneous dynamics on the borrower and lender sides. By decomposing credit growth into a common component and components … capturing heterogeneity in supply and demand à la Amiti and Weinstein, 2018 applied on the euro area credit register ("AnaCredit …

mortgage rates and government bonds? Using a structural VAR approach, we find that mortgage spread shocks impact the real …

This paper provides evidence for the propagation of idiosyncratic mortgage supply shocks to the macroeconomy. Based on … micro-level data from the Home Mortgage Disclosure Act for the 1990-2016 period, our results suggest that lender …-specific mortgage supply shocks affect aggregate mortgage, house price, and employment dynamics at the regional level. The larger the …