This paper examines the factors driving housing price exuberance in the United States,
specifically the influence of expansionary monetary policies and the global saving glut. We …

We use duration analysis to assess the impact of securitization, mortgage sector
liberalization and government involvement in housing finance on the length of housing …

This paper discusses the problems associated with using information about the signs of
certain magnitudes as a basis for drawing structural conclusions in vector autoregressions …

We study housing dynamics in China using vector autoregressions identified with theory-
consistent sign restrictions. We study seven potential drivers:(1) population increases;(2) a …

We investigate the empirical link between external debt composition and domestic credit
cycles. Using quarterly data for 40 countries between 1980 and 2015, we show that two …

In this paper, we analyze the relationship between unconventional monetary policy (UMP),
measured through shadow interest rates, and housing markets for the USA, the United …

This paper predicts downside risks to future real house price growth (house-prices-at-risk or
HaR) in 32 advanced and emerging market economies. Through a macro-model and …

Purpose With a view to the unconventional monetary policy measures implemented in the
euro area in recent years, this study aims to investigate whether the recent house price …

The literature that investigates credit booms has essentially focused on their economic
determinants. This paper explores the importance of political conditionings and central bank …

This study presents an institutional analysis using a dynamic overlapping generations model
with capital rents and technological change to assess the impact of financial reforms on …