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House prices, consumption, and monetary policy : a financial accelerator approach
Aoki, Kosuke; Proudman, James; Vlieghe, Gertjan - In: Journal of financial intermediation 13 (2004) 4, pp. 414-435
Persistent link: https://www.econbiz.de/10002493098
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House prices, consumption, and monetary policy : a financial accelerator approach
Aoki, Kosuke; Proudman, James; Vlieghe, Gertjan - 2002
Persistent link: https://www.econbiz.de/10001723331
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Chapter 21 The financial accelerator in a quantitative business cycle framework
Bernanke, Ben S.; Gertler, Mark; Gilchrist, Simon - In: Handbook of macroeconomics : volume 1, part C, (pp. 1341-1393). 1999
leading approaches in the literature. In particular, the framework exhibits a “financial accelerator”, in that endogenous … financial accelerator has a significant influence on business cycle dynamics. …
Persistent link: https://www.econbiz.de/10014024219
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Monetary policy and large crises in a financial accelerator agent-based model
Giri, Federico; Riccetti, Luca; Russo, Alberto; … - 2016
the implementation of an Agent Based Model with a financial accelerator mechanism we are able to study the relationship …
Persistent link: https://www.econbiz.de/10011509432
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Monetary Policy and Large Crises in a Financial Accelerator Agent-Based Model
Giri, Federico - 2019
the implementation of an Agent Based Model with a financial accelerator mechanism we are able to study the relationship …
Persistent link: https://www.econbiz.de/10012903445
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Stock Market Dynamics, Leveraged Network-Based Financial Accelerator and Monetary Policy
Riccetti, Luca - 2019
In this paper we build an agent-based model based on a threefold financial accelerator: (i) leverage accelerator … credit reduction follows further reducing the output; (ii) stock market accelerator - due to lower profit, firms …' capitalization on the stock market decreases, thus the distance-to-default (DD) diminishes and it reinforces the leverage accelerator …
Persistent link: https://www.econbiz.de/10012904349
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Housing collateral and the monetary transmission mechanism
Walentin, Karl; 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/10003960505
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Business cycle implications of mortgage spreads
Walentin, Karl - 2014 - September 2013 (Updated March 2014)
How do aggregate quantities at the business cycle frequency respond to shocks to the spread between residential mortgage rates and government bonds? Using a structural VAR approach, we find that mortgage spread shocks impact the real economy by both economically and statistically significant...
Persistent link: https://www.econbiz.de/10010202977
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The Impact of Monetary Policy on Australian Capital City House Prices : The Case of Australia
Costello, Greg - 2013
Using Australian national economic data and state level house prices we construct a structural vector autoregressive (SVAR) model to identify the impact of common monetary policy shocks on house prices both at national and state levels. Our results suggest that the impact of a shock to interest...
Persistent link: https://www.econbiz.de/10013078043
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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