This chapter surveys the literature on housing in macroeconomics. We first collect facts on
house prices and quantities in both the time series and the cross section of households and …

The recent financial crisis has highlighted the need to go beyond a purely micro approach to
financial regulation and supervision. As a consequence, the number of policy speeches …

A two-country DSGE model with central bank digital currency (CBDC) is derived and used to
analyze the open-economy implications of CBDC for the transmission of shocks, optimal …

The reversal interest rate is the rate at which accommodative monetary policy reverses and
becomes contractionary for lending. We theoretically demonstrate its existence in a …

We investigate the bank lending channel of negative nominal policy rates from an empirical
and theoretical perspective. For the empirical results, we rely on Swedish data, including …

We show that the estimated effect of digital euro news on bank stock valuations and lending
depends on the bank's deposit reliance and the central bank digital currency (CBDC) design …

In the intermediation of loanable funds model of banking, banks accept deposits of pre-
existing real resources from savers and then lend them to borrowers. In the real world, banks …

Abstract After the Great Recession several central banks started setting negative nominal
interest rates in an expansionary attempt, but the effectiveness of this measure remains …

The interaction between capital requirements and monetary policy is assessed by means of
simple rules in a dynamic general equilibrium model featuring a banking sector. In “normal” …

An increase in credit supply driven by looser lending constraints in the mortgage market is
the key force behind four empirical features of the housing boom before the Great …