How Much Does Household Collateral Constrain Regional Risk Sharing

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House Prices and Economic Growth (2011, methodology): “In addition, we also use the time series of the median single family home price and the median household income to construct the housing collateral ratio (see Lustig and Van Nieuwerburg 2008a, working paper), which measures borrowing constraints as well as the housing wealth as a portion of total ”
Collateral Constraints and Macroeconomic Asymmetries (2013, unknown): “In this respect, our work extends the basic mechanisms in Mendoza (2010) who also considers occasionally binding financial constraints in a calibrated small open economy setting with an exogenous interest rate.”
Regional Heterogeneity and Monetary Policy (2019, unknown): “For example, our results show that the distribution of collateral during the Great Recession substantially reduced the stimulative power of monetary policy through the refinancing channel in addition to worsening the trade-off between stimulus and inequality.”