Leaning against boom-bust cycles in credit and housing prices

DOI10.1016/j.jedc.2013.03.008zbMath1327.91050OpenAlexW2098440134MaRDI QIDQ900381

Caterina Mendicino, Maria Teresa Punzi, Luisa Lambertini

Publication date: 22 December 2015

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2013.03.008

zbMATH Keywords

monetary policywelfare analysisexpectation-driven cyclesmacro-prudential policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (13)

Interest rate rules under financial dominance ⋮ Endogenous credit standards and aggregate fluctuations ⋮ Stabilizing an unstable complex economy on the limitations of simple rules ⋮ Risky bank lending and countercyclical capital buffers ⋮ Bank capital shocks and countercyclical requirements: implications for banking stability and welfare ⋮ Winter is possibly not coming: mitigating financial instability in an agent-based model with interbank market ⋮ A high-resolution, data-driven agent-based model of the housing market ⋮ Editorial: Introduction to the special issue on `Rethinking policies when heterogeneity matters' ⋮ House prices and monetary policy ⋮ An agent-based model for the assessment of LTV caps ⋮ Credit expansion, bank liberalization, and structural change in bank asset accounts ⋮ Should monetary policy lean against the wind? An analysis based on a DSGE model with banking ⋮ Identifying booms and busts in house prices under heterogeneous expectations

Cites Work

• Monetary policy when wages are downwardly rigid: Friedman meets Tobin
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• Shocks, structures or monetary policies? The euro area and US after 2001
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• Optimal interest rate rules, asset prices, and credit frictions
• Solving the incomplete market model with aggregate uncertainty using a perturbation method
• Land-Price Dynamics and Macroeconomic Fluctuations
• What's News in Business Cycles
• The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis^*
• Unnamed Item

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