Add to ORKGWith another real estate boom-bust bringing woes to the world economy, a quest for a better policy toolkit to deal with these boom-busts has begun. Macroprudential measures could be in such a toolkit. Yet, we know very little about their impact. This paper takes a step to fill this gap by analyzing the Korean experience with these measures. We find that loan-to-value and debt-to-income limits are associated with a decline in house price appreciation and transaction activity. Furthermore, the limits alter expectations, which play a key role in bubble dynamics.Economic models;Household credit;Housing prices;mortgage, real estate, housing finance, mortgage market, mortgage loan, mortgage loans, residential real estate, housing markets, mortgag...
The 2007 US subprime crisis had demonstrated that the impact of the housing market could be far-reac...
This dissertation is intended to study the effect of housing wealth on consumption. It first builds ...
In this study, we use a present-value approach to examine the dynamics of six regional housing marke...
This study adds to a recent and growing literature that assesses the effects of macroprudential poli...
As Korea’s household debt has increased rapidly since the mid-2000s, concerns that its economy’s har...
The Korean real estate market is currently slowing down due to the global economic crisis, which res...
This paper analyses the linkages between housing affordability and borrowing constraints, and the im...
This study examines the effect of the interaction between timevarying macroprudential policy and cre...
We conduct a comprehensive risk analysis of household debt in Korea for the first time using the who...
Credit rationing through borrowing constraints has long been an important research topic in the lite...
Using a unique micro dataset compiled from official real estate registries in Japan, we examine the ...
Many countries are computing the Housing Affordability Index (HAI) in order to testify housing purch...
One of the major social and economic problems in Korea in recent years has been and still is the sus...
This thesis examines the effectiveness of macroprudential policies on reducing housing price growth ...
The global financial crisis that started from the sub?prime loan problem in the United States has ex...
The 2007 US subprime crisis had demonstrated that the impact of the housing market could be far-reac...
This dissertation is intended to study the effect of housing wealth on consumption. It first builds ...
In this study, we use a present-value approach to examine the dynamics of six regional housing marke...
This study adds to a recent and growing literature that assesses the effects of macroprudential poli...
As Korea’s household debt has increased rapidly since the mid-2000s, concerns that its economy’s har...
The Korean real estate market is currently slowing down due to the global economic crisis, which res...
This paper analyses the linkages between housing affordability and borrowing constraints, and the im...
This study examines the effect of the interaction between timevarying macroprudential policy and cre...
We conduct a comprehensive risk analysis of household debt in Korea for the first time using the who...
Credit rationing through borrowing constraints has long been an important research topic in the lite...
Using a unique micro dataset compiled from official real estate registries in Japan, we examine the ...
Many countries are computing the Housing Affordability Index (HAI) in order to testify housing purch...
One of the major social and economic problems in Korea in recent years has been and still is the sus...
This thesis examines the effectiveness of macroprudential policies on reducing housing price growth ...
The global financial crisis that started from the sub?prime loan problem in the United States has ex...
The 2007 US subprime crisis had demonstrated that the impact of the housing market could be far-reac...
This dissertation is intended to study the effect of housing wealth on consumption. It first builds ...
In this study, we use a present-value approach to examine the dynamics of six regional housing marke...