Search Results - subject:"Collateral constraints"

Expectation driven business cycles with limited enforcement

Walentin, Karl - In: Economics letters 124 (2014) 2, pp. 300-303

Persistent link: https://www.econbiz.de/10010494139

A model of housing and credit cycles with imperfect market knowledge

Kuang, Pei - In: European economic review : EER 70 (2014), pp. 419-437

Persistent link: https://www.econbiz.de/10010498828

Collateral amplification under complete markets

Nikolov, Kalin - In: Journal of economic dynamics & control 45 (2014), pp. 80-93

Persistent link: https://www.econbiz.de/10010474459

Sectoral bubbles, misallocation, and endogenous growth

Miao, Jianjun; Wang, Pengfei - In: Journal of mathematical economics 53 (2014), pp. 153-163

Persistent link: https://www.econbiz.de/10011297125

Housing Market Spillovers: Evidence from an Estimated DSGE Model

Iacoviello, Matteo; Neri, Stefano - Department of Economics, Boston College - 2007

estimated model, which contains nominal and real rigidities and collateral constraints, is used to address two questions. First …

Persistent link: https://www.econbiz.de/10005074074

Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter?

Calza, Alessandro; Monacelli, Tommaso; Stracca, Livio - Center for Financial Studies - 2007

stickiness and collateral constraints, where the ability of borrowing is endogenously linked to the nominal value of a durable … No. 2007/10 Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors … Bank, Email: livio.stracca@ecb.int CFS Working Paper No. 2007/10 Mortgage Markets, Collateral Constraints, and Monetary …

Persistent link: https://www.econbiz.de/10005022449

Winners and Losers in Housing Markets

Kiyotaki, Nobuhiro; Michaelides, Alexander; Nikolov, Kalin - Centre for Dynamic Macroeconomic Analysis, University … - 2007

This paper is a quantitatively-oriented theoretical study into the interaction between housing prices, aggregate production, and household behaviour over a lifetime. We develop a life-cycle model of a production economy in which land and capital are used to build residential and commercial...

Persistent link: https://www.econbiz.de/10005807994

House Prices, Rents, and Interest Rates under Collateral Constraints

Arce, Óscar J.; López-Salido, David - Banco de España - 2006

We develop an OLG model aimed at explaining the joint determination of housing prices, rents, and interest rates, in an environment featuring a positive home ownership bias and individual borrowing limits that generate a mismatch between desired and available funds to finance housing purchases....

Persistent link: https://www.econbiz.de/10005155214

The Effects of the Saving and Banking Glut on the U.S. Economy

Justiniano, Alejandro; Primiceri, Giorgio E; … - C.E.P.R. Discussion Papers - 2013

Abstract. We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the...

Persistent link: https://www.econbiz.de/10011083416

Household Leveraging and Deleveraging

Justiniano, Alejandro; Primiceri, Giorgio E; … - C.E.P.R. Discussion Papers - 2013

Abstract. U.S. households' debt skyrocketed between 2000 and 2007, and has been falling since. This leveraging (and deleveraging) cycle cannot be accounted for by the liberalization, and subsequent tightening, of credit standards in mortgage markets observed during the same period. We base this...

Persistent link: https://www.econbiz.de/10011083723