Household Leveraging and Deleveraging

By Alejandro Justiniano, Giorgio E. Primiceri, Andrea Tambalotti. 2013

253 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/6d46509b5d7de91e13536c850493cabf80172cbd

Citations in the corpus

• Collateral Constraints and Macroeconomic Asymmetries (2013, unknown): “At the core of our analysis is a standard monetary DSGE model augmented to include a housing collateral constraint along the lines of Kiyotaki and Moore (1997), Iacoviello (2005), and Liu, Wang, and Zha (2013).”
• Identification of Financial Factors in Economic Fluctuations (2019, unknown): “Prieto, Eickmeier and Marcellino (2013) estimate a time-varying VAR on US data over the (1)A partial list includes Meeks (2009) and Gilchrist and Zakrajsek (2012) for VAR analysis with exclusion restrictions, Hristov, Hülsewig and Wollmershäuser (2012) and Peersman (2012) for VAR analysis with sign ”
• Household Debt: Facts, Puzzles, Theories, and Policies (2015, unknown): “Mian and Sufi (2011b; 2012) also find empirical evidence consistent with these models, although see Justiniano et al (2013) for a contrary view based on results from a quantitative dynamic general equilibrium model.”
• Household Leverage and the Recession (2011, unknown): “Recall from (21) that aggregate consumption is the product of two terms: the minimum amount ct consumed by the v = 1 members of the household, times the mean-min consumption ratio.”
• House price dynamics: Fundamentals and expectations (2015, unknown): “One way to close the gap between the model and the data is to postulate extremely large and persistent shocks to household preferences for housing (Darracq Pariès and Notarpietro, 2008; Iacoviello and Neri, 2010; Justiniano et al., 2015).”
• Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy? (2017, unknown): “Lt (i) Pt = φtqh,t̃ihI,t (i) + γ [ qh,t (1− δh)hI,t−1 (i)− (1− κ) Dt−1 (i) Pt ] + ε̃l,t, (27)”
• The Mortgage Credit Channel of Macroeconomic Transmission (2016, unknown): “…in which borrowers are at their LTV limits, (e.g., Iacoviello (2005), among many others), as well as papers that adjust borrowing limits to account for “ratchet effects” of past debt (e.g., Justiniano, Primiceri, and Tambalotti (2015b)). it easier to justify the transaction cost of new issuance.”