Boom-bust cycles
Leaning Against Boom-Bust Cycles in Credit and Housing Prices
... of boom-bust cycles in asset ...where boom-bust cycles arise in response to expectations of future changes not only about productivity but also about other shocks, such as ...
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Poland on the road to the euro: How serious is the risk of boom-bust cycles after the euro adoption? An empirical analysis
... of boom-bust ...severe boom-bust cycles in these countries were, to a large extent, the result of “bad luck” rather than bad policies: the boom was largely driven by high global ...
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Leveraged borrowing and boom-bust cycles
... endogenous boom-bust cycles emerge and such cycles resemble the pattern documented by Mendoza and Terrones ...the boom looks like a leveraged “bubble” because both credit and the prices ...
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Asset-price boom-bust cycles and credit: what is the scope of macro-prudential regulation?
... asset-price boom-bust ...asset-price boom turns into an asset-price ...housing-price boom, whereas real GDP and house prices tend to increase the probability of a costly stock-price ...
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Heterogeneous Beliefs and Housing-Market Boom-Bust Cycles in a Small Open Economy
... housing-market boom-bust cycles in industrialized countries, that is, house prices, output, consumption, investment and hours worked have tended to co-move during housing- market ...
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International Capital Flows and Boom-Bust Cycles in the Asia Pacific Region
... business cycles in the ...business cycles in each country has changed over time and whether we can find any evidence of business cycle synchronization in the ...generate boom-bust ...
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Household Debt and Housing Bubble: A Minskian Approach to Boom-Bust Cycles
... Motivated by Minsky’s financial instability hypothesis, we have shown that the interaction between household debt accumulation and housing price dynamics can gen- erate a prolonged period of expansion followed by a long ...
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House Price Dispersion in Boom‐Bust Cycles : Evidence from Tokyo
... We find that size-adjusted house prices follow a lognormal distribution except for the period of the housing bubble and its collapse in Tokyo, for which the price distribution has a subs[r] ...
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Can we prevent boom-bust cycles during euro area accession?
... short-lived) boom only at the expense of making the following bust ...output boom with a hike in VAT rates is somewhat more ...a boom-bust cycle generated by overly optimistic ...
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Monetary policy and stock market boom-bust cycles
... the boom phase, consistent with our diagnosis that a key problem is the failure of the equilibrium to reproduce the rise in the real wage that occurs in the Ramsey ...
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Boom-Bust Cycles in Middle Income Countries: Facts and Explanation
... typical boom-bust ...consumption boom or an investment boom? Is there a big fiscal expansion and/or a current account deterioration before a crisis? In answer to these questions, we find ...
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The political economy of inequality, redistribution and boom-bust cycles in Turkey
... regular boom and bust ...construction boom and a high trade deficit, would have experienced a crisis sooner or later even without the Great ...
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Sovereign Ratings and Their Impact on Recent Financial Crises
... This paper discusses the role of credit rating agencies during the recent …nancial crises. In particular, it examines whether the agen- cies can add to the dynamics of emerging market crises. Academics and investors ...
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Expectations Driven Cycles in the Housing Market
... Beautry and Portier (2004, 2007), a standard one-sector optimal growth model is unable to generate boom-bust cycles in response to news. At the time of the signal consumption increases and hours ...
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Boom and Bust of the spanish Economy
... examines boom-bust cycles in both the United States and abroad, and concludes that recessions originated in stock market crashes are deepened only if there were already elements of financial ...
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Capital-Account and Counter-Cyclical Prudential Regulations in Developing Countries
... of boom-bust cycles under all exchange rate ...the boom will fuel monetary expansion, which together with falling international spreads will lead to a reduction in domestic interest ...
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Boom and Bust Cycles in Financial Markets—Causes and Cures: Multiple Contradictory Functions of Money and Collective Action Problems
... In sum, under a Chicago or similar institutional design, the Central Bank creates and puts into circulation money in the money and financial system through subsidies, tax reductions, and government expenditures as well ...
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Resuscitating the credit cycle
... large boom-bust cycles fea- turing excessive investment and capital ...a boom sustainable when consumption crowds out savings yet investment must be …nanced by savings? The history of economic ...
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U.S. agriculture is notorious for its boom and bust cycles. During
... Past boom-bust cycles for U.S. agriculture reveal some common threads. For more than a century, farm prosperity has shifted with U.S. agricultural exports. Surging exports spurred rising farm ...
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Overaccumulation, Interest, and Prices
... business cycles from the news-shock literature suggests that recessions may occur when agents depress their demand for new capital upon the realization that they have accumulated too much conditional on current ...
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