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 …

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 …

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 …

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 …

Addressing household indebtedness: Monetary, fiscal or macroprudential policy?

S Alpanda, S Zubairy - European Economic Review, 2017 - Elsevier
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 …

[BOOK][B] Leaning against the wind: A cost-benefit analysis for an integrated policy framework

ML Brandao-Marques, MRG Gelos, MM Narita, E Nier - 2020 - books.google.com
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 …

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 …

Macroprudential rules and monetary policy when financial frictions matter

J Bailliu, C Meh, Y Zhang - Economic Modelling, 2015 - Elsevier
This paper examines the interaction between monetary policy and macroprudential rules
and whether policy makers should respond to financial imbalances. To address this issue …

Examining macroprudential policy and its macroeconomic effects–some new evidence

S Kim, A Mehrotra - Journal of International Money and Finance, 2022 - Elsevier
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 …

[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 …