The Anatomy of the Transmission of Macroprudential Policies
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We analyze how regulatory constraints on household leveragein the form of loan-to-income and loan-to-value limitsaffect residential mortgage credit and house prices as well as other asset classes not directly targeted by the limits. Supervisory loan level data suggest that mortgage credit is
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美国国家经济研究局创建时间:
2020-06-01



