Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms
By Giovanni Dell'Ariccia, Pau Rabanal, Christopher Crowe, Deniz Igan. 2011
136 citations recorded by the source corpus.
Subfields: Finance
View Paper: https://www.semanticscholar.org/paper/f4daa5528292539154f8adacfadc60250ba9e9a5
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Finance
- Olivier J. Blanchard
- Eugenio Cerutti
- Deniz Igan
- Yongheng Deng
- Lawrence H. Summers
- Stijn Claessens
- Sebastian Edwards
- David A. Lesmond
Citations in the corpus
- What do we know about the effects of macroprudential policy (2018, unknown): “To give an example, Table 3, taken from Crowe et al (2011a), organizes events studies on the impact of macroprudential measures aimed at dealing with real estate booms.”
- House Price Index Construction in the Nascent Housing Market: The Case of China (2014, background): “Policy makers in most major economics including China are increasingly sensitive to changes in housing market conditions, while the house price is always adopted as one major yardstick (Crowe et al, 2011).”
- Bank Leverage Regulation and Macroeconomic Dynamics (2011, unknown): “In practical terms, such a counter-cyclical policy requires banks to accumulate extra capital buffers when the economy is booming and allows them to draw down their capital levels as the economy deteriorates.4”
- Do Loan-to-Value and Debt-to-Income Limits Work? Evidence from Korea (2011, background): “This has led several countries to recently adopt such limits or measures that would discourage high-LTV/DTI loans (Table 1; also see Crowe et al., 2011b, and IMF, 2011, for a summary of specific country cases on macroprudential measures).”
- Inflation and Activity - Two Explorations and Their Monetary Policy Implications (2015, methodology): “To define unusual credit growth, we rely on the episodes identified by Crowe et al. (2011), which are based on an annual growth rate of the credit to GDP ratio exceeding 10% and a deviation from a credit to GDP trend greater than 1.”