Central bank policies and income and wealth inequality: A survey
A Colciago, A Samarina… - Journal of Economic …, 2019 - Wiley Online Library
This paper reviews recent research on the relationship between central bank policies and
inequality. A new paradigm which integrates sticky‐prices, incomplete markets, and …
inequality. A new paradigm which integrates sticky‐prices, incomplete markets, and …
Loan‐to‐value limits as a macroprudential policy tool: Developments in theory and practice
W Gatt - Journal of Economic Surveys, 2024 - Wiley Online Library
I analyze the development of the loan‐to‐value (LTV) ratio limit for households as a
macroprudential policy tool in both theory and practice, by surveying theoretical and …
macroprudential policy tool in both theory and practice, by surveying theoretical and …
What drives house price cycles? International experience and policy issues
JV Duca, J Muellbauer, A Murphy - Journal of Economic Literature, 2021 - aeaweb.org
The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …
better incorporate housing and financial channels into macro models, improve housing …
Green transformation of the building industry and the government policy effects: Policy simulation based on the DSGE model
C Sun, Z Xu, H Zheng - Energy, 2023 - Elsevier
The green transformation of the building industry plays a key role in China's goal of carbon
neutrality. This paper creatively brings the green transformation behavior of the buildings …
neutrality. This paper creatively brings the green transformation behavior of the buildings …
Addressing household indebtedness: Monetary, fiscal or macroprudential policy?
In this paper, we build a dynamic stochastic general-equilibrium model with housing and
household debt, and compare the effectiveness of monetary policy, housing-related fiscal …
household debt, and compare the effectiveness of monetary policy, housing-related fiscal …
[BOOK][B] Leaning against the wind: A cost-benefit analysis for an integrated policy framework
This paper takes a new approach to assess the costs and benefits of using different policy
tools—macroprudential, monetary, foreign exchange interventions, and capital flow …
tools—macroprudential, monetary, foreign exchange interventions, and capital flow …
Monetary and macroprudential policies in an estimated model with financial intermediation
P Gelain, P Ilbas - Journal of Economic Dynamics and Control, 2017 - Elsevier
Abstract We estimate the Smets–Wouters model featuring the Gertler–Karadi banking sector
on US data using real and financial observables. We investigate the gains from coordination …
on US data using real and financial observables. We investigate the gains from coordination …
Macroprudential rules and monetary policy when financial frictions matter
This paper examines the interaction between monetary policy and macroprudential rules
and whether policy makers should respond to financial imbalances. To address this issue …
and whether policy makers should respond to financial imbalances. To address this issue …
Examining macroprudential policy and its macroeconomic effects–some new evidence
In this paper, we provide empirical evidence about the response of macroprudential policy to
financial risks, as well as the broader macroeconomic effects of macroprudential policy and …
financial risks, as well as the broader macroeconomic effects of macroprudential policy and …
[HTML][HTML] A high-resolution, data-driven agent-based model of the housing market
B Mérő, A Borsos, Z Hosszú, Z Oláh, N Vágó - Journal of Economic …, 2023 - Elsevier
This paper presents a complex, modular, 1: 1 scale model of the Hungarian residential
housing market. All of the 4 million households with their relevant characteristics and all of …
housing market. All of the 4 million households with their relevant characteristics and all of …