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Title:Mortgage defaults, expectation-driven house prices and monetary policy Author(s):BEKIROS, Stelios D.
; NILAVONGSE, Rachatar; UDDIN, Gazi S.Date:2017Type:Working PaperSeries/Number:EUI ECO; 2017/09Abstract:We contribute to the literature on dynamic stochastic general equilibrium models with housing collaterals by including shocks to house price expectations. We incorporate endogenous mortgage defaults which are rarely included ...
; NILAVONGSE, Rachatar; UDDIN, Gazi S.Date:2017Type:Working PaperSeries/Number:EUI ECO; 2017/09Abstract:We contribute to the literature on dynamic stochastic general equilibrium models with housing collaterals by including shocks to house price expectations. We incorporate endogenous mortgage defaults which are rarely included ...