Essays about: "Oona Hakala"

Found 1 essay containing the words Oona Hakala.

  1. 1. Macroprudential regulation of borrowing standards: a comparative analysis of loan-to-value and loan-to-income policies.

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi; Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Sante Carbone; Oona Hakala; [2019]
    Keywords : Consumer Debt; Crisis; Housing; Housing Finance; Bayesian;

    Abstract : Starting from the Two-Agents New-Keynesian DSGE framework presented by Iacoviello and Neri (2010), we re-write the model allowing for a loan-to-income (LTI) constraint in place of a loan-to-value (LTV) constraint. We derive a balanced growth path equilibrium for our model and compare steady-state results as well as dynamic responses to a rich set of shocks between the two macroprudential regulations. READ MORE