Mortgage supply and housing rents
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 …
housing rents. Our empirical strategy exploits heterogeneity in MSAs' exposure to regulatory …
Take it to the limit? The effects of household leverage caps
S Van Bekkum, M Gabarro, RM Irani… - The Effects of …, 2023 - papers.ssrn.com
We analyze the effects of borrower-based macroprudential policy at the household level. We
exploit administrative Dutch tax and housing records, and the introduction of a mortgage …
exploit administrative Dutch tax and housing records, and the introduction of a mortgage …
Selection, leverage, and default in the mortgage market
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 …
hazard (the causal effect of leverage) or adverse selection (ex ante risky borrowers choosing …
Mortgage securitization and shadow bank lending
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 …
price-based channel. We identify the channel using a regulatory spillover shock to the cross …
Distributional implications of government guarantees in mortgage markets
P Gete, F Zecchetto - The Review of Financial Studies, 2018 - academic.oup.com
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 …
sponsored enterprises (GSEs) in a model with agents heterogeneous in income and house …
[图书][B] Mortgage regulation and financial vulnerability at the household level
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 …
sheets and the reaction to adverse economic shocks. Using a comprehensive dataset of all …
The dynamic relationship among bank credit, house prices and carbon dioxide emissions in China
G Chen, K Dong, S Wang, X Du, R Zhou… - International Journal of …, 2022 - mdpi.com
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 …
dioxide emissions in China by systematically analyzing related data from January 2000 to …
Transaction-tax evasion in the housing market
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 …
build an observable measure of over-appraisal that is inversely related to tax evasion and …
Mortgage choice in the Euro area: macroeconomic determinants and the effect of monetary policy on debt burdens
M Ehrmann, M Ziegelmeyer - Journal of Money, Credit and …, 2017 - Wiley Online Library
This paper provides novel evidence on the role of the macroeconomic environment for
households' choice between fixed‐interest‐rate and adjustable‐interest‐rate mortgages …
households' choice between fixed‐interest‐rate and adjustable‐interest‐rate mortgages …
Income inequality, mortgage debt and house prices
S Kösem - 2021 - papers.ssrn.com
This paper studies housing and credit market implications of increasing income inequality
and discusses how a low interest rate environment can alter its consequences. I develop an …
and discusses how a low interest rate environment can alter its consequences. I develop an …