We show that a contraction of mortgage supply after the Great Recession has increased
housing rents. Our empirical strategy exploits heterogeneity in MSAs' exposure to regulatory …

We analyze the effects of borrower-based macroprudential policy at the household-level. For
identification, we exploit administrative Dutch tax-return and property ownership data linked …

We show how securitization affects the size of the nonbank lending sector through a novel
price-based channel. We identify the channel using a regulatory spillover shock to the cross …

We ask whether the correlation between mortgage leverage and default is due to moral
hazard (the causal effect of leverage) or adverse selection (ex ante risky borrowers choosing …

We evaluate the impact of mortgage regulation on credit volumes, household balance
sheets and the reaction to adverse economic shocks. Using a comprehensive dataset of all …

We analyze the removal of the credit-risk guarantees provided by the government-
sponsored enterprises (GSEs) in a model with agents heterogeneous in income and house …

With the help of the time-varying parameter vector autoregression with stochastic volatility
(TVP-SV-VAR) model and the Bayesian dynamic conditional correlational autoregressive …

We model the behaviour of a mortgagor considering to evade the real estate transfer tax. We
build an observable measure of over-appraisal that is inversely related to tax evasion and …

This paper provides novel evidence on the role of the macroeconomic environment for
households' choice between fixed‐interest‐rate and adjustable‐interest‐rate mortgages …

This paper explores the dynamic relationship among bank credit, house prices and carbon
dioxide emissions in China by systematically analyzing related data from January 2000 to …