International audienceWe study a benchmark model with collateral constraints and heterogeneous discounting. Contrarily to a rich literature on borrowing limits, we allow for rental markets. By incorporating this missing market, we show that impatient agents choose to rent rather than to own the collateral in the neighborhood of the deterministic steady state. Consequently, impatient agents are not indebted and borrowing constraints play no role in local dynamics
We develop an OLG model aimed at explaining the joint determination of housing prices, rents, and in...
In a model with housing collateral, a decrease in house prices reduces the collateral value of housi...
In a model with housing collateral, the ratio of housing wealth to total wealth shifts the condition...
International audienceWe study a benchmark model with collateral constraints and heterogeneous disco...
This thesis consists of three self-contained papers. Chapter 1 provides a general introduction. In C...
We study the effects of collateral constraints in an economy populated by investors with nonpledgeab...
While a mature literature shows that credit constraints causally affect firm level investment, this ...
https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=CEF2019&paper_id=
We allow for heterogeneity in investors' ability to borrow from collateral in a Kiyotaki-Moore style...
We investigate the effects of collaterals and monetary policy on growth rate dynamics in a Ramsey ec...
In this paper, we build a framework which can generate endogenous fluctuations in downpayment requir...
Kiyotaki and Moore (1997) have stressed that an amplification-persistence trade-off arises when coll...
This article presents a simple equilibrium model in which collateralized credit emerges endogenously...
We consider an imperfectly competitive loan market in which a local relationship lender has an infor...
In this paper we study how the use of collateral is evolving under the influence of regulatory refor...
We develop an OLG model aimed at explaining the joint determination of housing prices, rents, and in...
In a model with housing collateral, a decrease in house prices reduces the collateral value of housi...
In a model with housing collateral, the ratio of housing wealth to total wealth shifts the condition...
International audienceWe study a benchmark model with collateral constraints and heterogeneous disco...
This thesis consists of three self-contained papers. Chapter 1 provides a general introduction. In C...
We study the effects of collateral constraints in an economy populated by investors with nonpledgeab...
While a mature literature shows that credit constraints causally affect firm level investment, this ...
https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=CEF2019&paper_id=
We allow for heterogeneity in investors' ability to borrow from collateral in a Kiyotaki-Moore style...
We investigate the effects of collaterals and monetary policy on growth rate dynamics in a Ramsey ec...
In this paper, we build a framework which can generate endogenous fluctuations in downpayment requir...
Kiyotaki and Moore (1997) have stressed that an amplification-persistence trade-off arises when coll...
This article presents a simple equilibrium model in which collateralized credit emerges endogenously...
We consider an imperfectly competitive loan market in which a local relationship lender has an infor...
In this paper we study how the use of collateral is evolving under the influence of regulatory refor...
We develop an OLG model aimed at explaining the joint determination of housing prices, rents, and in...
In a model with housing collateral, a decrease in house prices reduces the collateral value of housi...
In a model with housing collateral, the ratio of housing wealth to total wealth shifts the condition...
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