The DOI matches its Crossref record; 69 of the 69 references it cites were found in a registry or an index.
Credit Supply and the Housing Boom
Abstract
An increase in credit supply driven by looser lending constraints in the mortgage market is the key force behind four empirical features of the housing boom before the Great Recession: the unprecedented rise in home prices, the surge in household debt, the stability of debt relative to house values, and the fall in mortgage rates. These facts are more difficult to reconcile with the popular view that attributes the housing boom only to looser borrowing constraints associated with lower collateral requirements, because they shift the demand for credit.
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Cites
Kiyotaki, N., & Moore, J. (1997) · Journal of Political Economy · doi:10.1086/262072 · Cited by 4,694
Financial Intermediation, Loanable Funds, and The Real Sector
Holmstrom, B., & Tirole, J. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555316 · Cited by 3,889
Deciphering the Liquidity and Credit Crunch 2007–2008
Brunnermeier, M. K. (2009) · Journal of Economic Perspectives · doi:10.1257/jep.23.1.77 · Cited by 3,322
Uninsured Idiosyncratic Risk and Aggregate Saving
Aiyagari, S. R. (1994) · The Quarterly Journal of Economics · doi:10.2307/2118417 · Cited by 2,795
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House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle
Iacoviello, M. (2005) · American Economic Review · doi:10.1257/0002828054201477 · Cited by 2,476
A model of unconventional monetary policy
Gertler, M., & Karadi, P. (2011) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2010.10.004 · Cited by 2,393
Income and Wealth Heterogeneity in the Macroeconomy
Krusell, P., & Smith, Jr. (1998) · Journal of Political Economy · doi:10.1086/250034 · Cited by 2,255
The Consequences of Mortgage Credit Expansion: Evidence from the U.S. Mortgage Default Crisis*
Mian, A., & Sufi, A. (2009) · Quarterly Journal of Economics · doi:10.1162/qjec.2009.124.4.1449 · Cited by 2,087
A Macroeconomic Model with a Financial Sector
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Cited by
Synchronous failure: the emerging causal architecture of global crisis
Homer-Dixon, T., Walker, B., Biggs, R., Crépin, A.-S., Folke, C., Lambin, E. F., Peterson, G. D., Rockström, J., Scheffer, M., Steffen, W., et al. (2015) · Ecology and Society · doi:10.5751/es-07681-200306 · Cited by 244
Metadata
- Authors
- Justiniano, A., Primiceri, G. E., & Tambalotti, A.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2019-06
- Volume
- 127
- Issue
- 3
- Pages
- 1317-1350
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2899202130
- Cited by
- 265
- References
- 69
- FWCI
- 33.10
- Type
- journal article
- Language
- en
- Open access
- closed
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