House prices, capital inflows and macroprudential policy
نویسندگان
چکیده
منابع مشابه
Discussion of “House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy”∗
The U.S. financial crisis of 2007–09 has engendered considerable research effort seeking to understand the interaction of the housing sector with the real economy. A primary obstacle to understanding this matter is the absence of a coherent model of the housing market. Justiniano, Primiceri, and Tambalotti (2012) make clear that standard dynamic stochastic general equilibrium models—of the kind...
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ژورنال
عنوان ژورنال: Journal of Banking & Finance
سال: 2014
ISSN: 0378-4266
DOI: 10.1016/j.jbankfin.2014.06.007