This paper studies the joint business cycle dynamics of inflation, money growth, nominal and real interest rates and the …

remain effective even when the nominal bank lending rate has reached zero or become negative; (ii) it is a good policy to …

Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing … stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by … nondurable consumption and housing. I reach a similar conclusion for some separate consumption categories, such as food and …

In this paper, I study the role of housing for wealth accumulation and the determination of the equilibrium real … increase in the share of housing wealth of almost 8 pp. All of these patterns are broadly in line with the empirical …

Housing, particularly for low income urban households, is a long-standing challenge in India. In 2012, 96 per cent of … the all India urban housing shortage of 18.78 million was confined to low-income economic groups. This study empirically … examines three facets of urban India's housing demand using the latest available nationally representative household data on …

looking at the effect of a reduction in the maximum loan-to-value (LTV) ratio on homeownership rates, house prices and housing … households face uninsurable income risk and an endogenous borrowing limit in the form of a collateral constraint. This constraint … is initially loose, allowing households to lever up against the collateral value of their housing. A reduction in the LTV …