The real effects of borrower-based macroprudential policy: Evidence from administrative household-level data
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DOI: 10.1016/j.jmoneco.2024.103574
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- Altavilla, Carlo & Bussière, Matthieu & Galí, Jordi & Gorodnichenko, Yuriy & Gürkaynak, Refet S. & Rey, Hélène, 2024. "A research program on monetary policy for Europe," Journal of Monetary Economics, Elsevier, vol. 147(S).
- Castellanos, Juan & Hannon, Andrew & Paz-Pardo, Gonzalo, 2025. "How tightening mortgage credit raises rents and increases inequality in the housing market," Research Bulletin, European Central Bank, vol. 127.
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More about this item
Keywords
Macroprudential policy; Mortgage; Household leverage; LTV; Solvency-liquidity trade-off; Consumption smoothing;All these keywords.
JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
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