This study provides novel evidence regarding the effects of loan-to-value (LTV) limits on
housing choices. Using a detailed loan-level dataset, I exploit the introduction of LTV limits …

In our evaluation of the housing expenditure share cap, a macroprudential policy, we
discover the importance of modeling space. In a spatial model, the equilibrium features …

This paper studies how down-payment requirements for house purchases affect households'
saving and housing decisions, and the implications for macroeconomic policy. Using a …

Governments regulate household leverage at a national level, even when credit and
housing market conditions vary across locations. We document that loan-to-value limits …

This paper studies how down-payment requirements for house purchases affect households'
saving and housing decisions, and the implications for macroeconomic policy. Using a …

Swedish authorities and international organizations that comment on Swedish economic
policy have argued that household debt is too high and a threat to financial and …

Does household leverage matter for worker job search, matching in the labor market, and
wages? Theoretically, household leverage can have opposing effects on the labor market …

We estimate an equilibrium model of housing demand and supply, quantifying the
distributional effects of leverage regulation on mobility and access to high-quality housing …

Excessive household borrowing has been identified as an important determinant of financial
crises. Borrower-based macroprudential instruments have been proposed as a possible …

Over the past ten years, many countries have introduced a wide range of different types of
macroprudential policies affecting housing markets. One way to classify the measures is to …