Sökning: "Sante Carbone"
Hittade 1 uppsats innehållade orden Sante Carbone.
1. Macroprudential regulation of borrowing standards: a comparative analysis of loan-to-value and loan-to-income policies.
D-uppsats, Handelshögskolan i Stockholm/Institutionen för nationalekonomi; Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiSammanfattning : Starting from the Two-Agents New-Keynesian DSGE framework presented by Iacoviello and Neri (2010), we re-write the model allowing for a loan-to-income (LTI) constraint in place of a loan-to-value (LTV) constraint. We derive a balanced growth path equilibrium for our model and compare steady-state results as well as dynamic responses to a rich set of shocks between the two macroprudential regulations. LÄS MER
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