Quantitative easing and the loan to collateral value ratio

DOI10.1016/J.JEDC.2014.05.013MaRDI QIDQ1994600zbMATH OpenOpenAlexWikidataFDO

Authors Tatiana Damjanovic, Šarūnas Girdėnas

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://dro.dur.ac.uk/15154/1/15154.pdf

zbMATH Keywords

house pricesloan to value ratiomoney multiplieroptimal monetary policyquantitative easingzero lower bound

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A Model of Money and Credit, with Application to the Credit Card Debt Puzzle
• Linear-quadratic approximation of optimal policy problems
• Linear-quadratic approximation, external habit and targeting rules
• The optimal inflation rate in New Keynesian models: should central banks raise their inflation targets in light of the zero lower bound?
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(8)

• Credit expansion, bank liberalization, and structural change in bank asset accounts
• A quantitative easing experiment
• Optimal monetary policy in a collateralized economy
• Scarce collateral, the term premium, and quantitative easing
• Housing collateral and the monetary transmission mechanism
• Optimal loan-to-value ratio and the efficiency gains of default
• How Quantitative Easing Works: Evidence on the Refinancing Channel
• House price dynamics, optimal LTV limits and the liquidity trap

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