해외동향 | Drivers of the Great Housing Boom-Bust: Credit Conditions, Beliefs, or Both? | 한국금융연구원

[LHKOREA]

2018-11-27 일자 [제 18-87 호]

Drivers of the Great Housing Boom-Bust: Credit Conditions, Beliefs, or Both?
NBER (2018-11-27)

Two potential driving forces of house price fluctuations are commonly cited: credit conditions and beliefs. We posit some simple empirical calculations using direct measures of credit conditions and beliefs to consider t ..  more

Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis
CEPR (2018-11-27)

We quantify the role of financial factors behind the sluggish post-crisis performance of European firms. We use a firm-bank-sovereign matched database to identify separate roles for firm and bank balance sheet weaknesses ..  more

Impact of Quantitative Easing and Tax Policy on Income Inequality: Evidence from Japan
ADBI (2018-11-27)

Japan?s monetary policy during 2002-2016 increased income inequality but its tax policy mitigated part of this adverse effect. From April 2013 until May 2016, Japan's monetary base rose from ?55 trillion to ?87 trill ..  more

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Drivers of the Great Housing Boom-Bust: Credit Conditions, Beliefs, or Both?	NBER
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