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The credit bubble experienced by the Irish residential and financial sector immediately prior to the global financial … with the increase in housing demand came a significant degree of credit market liberalisation which resulted in a … substantial increase in the availability of mortgage credit. This in turn additionally fuelled the emerging house price bubble …
Persistent link: https://www.econbiz.de/10014551331
particularly important, not least in facilitating more efficient implementation of both monetary and macroprudential policy in …
Persistent link: https://www.econbiz.de/10011787789
credit conditions on it has been added to econometric assessments in recent years. Using a new cross-country panel, we … estimate the impact of variations in credit conditions on the house price to rent ratio between 1994 and 2015 on both a panel … credit markets. In line with other recent studies, our results establish the relevance of credit conditions to the house …
Persistent link: https://www.econbiz.de/10011787811
particularly important, not least in facilitating more efficient implementation of both monetary and macroprudential policy in …
Persistent link: https://www.econbiz.de/10011641888
credit conditions on it has been added to econometric assessments in recent years. Using a new cross-country panel, we … estimate the impact of variations in credit conditions on the house price to rent ratio between 1994 and 2015 on both a panel … credit markets. In line with other recent studies, our results establish the relevance of credit conditions to the house …
Persistent link: https://www.econbiz.de/10011781791
predicts that credit-constrained households will be substantially more responsive to changes in both house prices and interest … loan-to-value ratio of credit-constrained households. Higher loan-to-value ratios imply larger differences in their …
Persistent link: https://www.econbiz.de/10008764711
This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...
Persistent link: https://www.econbiz.de/10012060200
This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...
Persistent link: https://www.econbiz.de/10011761064
We analyse the multiple channels of influence that GFC-induced credit restrictions had on New Zealand’s subnational … variable. Similar cyclical dynamics could complicate the conduct of macro-prudential policies which are designed to affect bank … credit allocation. …
Persistent link: https://www.econbiz.de/10010856277
An unsustainable weakening of credit standards induced a US mortgage and housing bubble whose consumption impact was … amplified by innovations altering the collateral role of housing. In countries with more stable credit standards, any … financial innovation, regulation, housing policies, and global financial imbalances for fueling credit, construction, house …
Persistent link: https://www.econbiz.de/10008692865