Fixed vs countercyclical LTV ratio: the effectiveness of macroprudential policy for a small open economy
In this paper, I develop a dynamic stochastic general equilibrium (DSGE) model for a small open economy. The model includes a housing market and aims to study the effectiveness of a macroprudential policy, namely the loan-to-value (LTV) ratio, in taming the financial and business cycles. This paper...
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| Format: | Thesis (University of Nottingham only) |
| Language: | English |
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2023
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| Online Access: | https://eprints.nottingham.ac.uk/72296/ |