Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123291719> ?p ?o ?g. }
Showing items 1 to 81 of
81
with 100 items per page.
- W3123291719 abstract "One of the most striking features of the period before the Great Recession is the strong positive correlation between house price appreciation and current account deficits, not only in the United States but also in other countries that have subsequently experienced the highest degree of financial turmoil. A progressive relaxation of credit standards can rationalize this empirical observation. Lower collateral requirements facilitate access to external funding and drive up house prices. The current account turns negative because households borrow from the rest of the world. At the same time, however, the world real interest rate counterfactually increases. The two key ingredients that reconcile a demand-based explanation of house price booms and current account deficits with the evidence on real interest rates are nominal interest rates lower than the predictions of a standard monetary policy rule in leveraged economies and foreign exchange rate pegs in saving countries." @default.
- W3123291719 created "2021-02-01" @default.
- W3123291719 creator A5007914853 @default.
- W3123291719 date "2012-01-01" @default.
- W3123291719 modified "2023-09-27" @default.
- W3123291719 title "House price booms, current account deficits, and low interest rates" @default.
- W3123291719 hasPublicationYear "2012" @default.
- W3123291719 type Work @default.
- W3123291719 sameAs 3123291719 @default.
- W3123291719 citedByCount "3" @default.
- W3123291719 countsByYear W31232917192013 @default.
- W3123291719 countsByYear W31232917192014 @default.
- W3123291719 crossrefType "posted-content" @default.
- W3123291719 hasAuthorship W3123291719A5007914853 @default.
- W3123291719 hasConcept C10138342 @default.
- W3123291719 hasConcept C126285488 @default.
- W3123291719 hasConcept C127413603 @default.
- W3123291719 hasConcept C139719470 @default.
- W3123291719 hasConcept C141441539 @default.
- W3123291719 hasConcept C154815372 @default.
- W3123291719 hasConcept C162324750 @default.
- W3123291719 hasConcept C164705383 @default.
- W3123291719 hasConcept C175025494 @default.
- W3123291719 hasConcept C18547055 @default.
- W3123291719 hasConcept C195742910 @default.
- W3123291719 hasConcept C2776988154 @default.
- W3123291719 hasConcept C2777910564 @default.
- W3123291719 hasConcept C2992949716 @default.
- W3123291719 hasConcept C52092804 @default.
- W3123291719 hasConcept C556758197 @default.
- W3123291719 hasConcept C71924100 @default.
- W3123291719 hasConcept C77265313 @default.
- W3123291719 hasConcept C84888623 @default.
- W3123291719 hasConcept C87717796 @default.
- W3123291719 hasConceptScore W3123291719C10138342 @default.
- W3123291719 hasConceptScore W3123291719C126285488 @default.
- W3123291719 hasConceptScore W3123291719C127413603 @default.
- W3123291719 hasConceptScore W3123291719C139719470 @default.
- W3123291719 hasConceptScore W3123291719C141441539 @default.
- W3123291719 hasConceptScore W3123291719C154815372 @default.
- W3123291719 hasConceptScore W3123291719C162324750 @default.
- W3123291719 hasConceptScore W3123291719C164705383 @default.
- W3123291719 hasConceptScore W3123291719C175025494 @default.
- W3123291719 hasConceptScore W3123291719C18547055 @default.
- W3123291719 hasConceptScore W3123291719C195742910 @default.
- W3123291719 hasConceptScore W3123291719C2776988154 @default.
- W3123291719 hasConceptScore W3123291719C2777910564 @default.
- W3123291719 hasConceptScore W3123291719C2992949716 @default.
- W3123291719 hasConceptScore W3123291719C52092804 @default.
- W3123291719 hasConceptScore W3123291719C556758197 @default.
- W3123291719 hasConceptScore W3123291719C71924100 @default.
- W3123291719 hasConceptScore W3123291719C77265313 @default.
- W3123291719 hasConceptScore W3123291719C84888623 @default.
- W3123291719 hasConceptScore W3123291719C87717796 @default.
- W3123291719 hasLocation W31232917191 @default.
- W3123291719 hasOpenAccess W3123291719 @default.
- W3123291719 hasPrimaryLocation W31232917191 @default.
- W3123291719 hasRelatedWork W1529399810 @default.
- W3123291719 hasRelatedWork W1532717550 @default.
- W3123291719 hasRelatedWork W1564191301 @default.
- W3123291719 hasRelatedWork W1584930123 @default.
- W3123291719 hasRelatedWork W1590843663 @default.
- W3123291719 hasRelatedWork W1764330584 @default.
- W3123291719 hasRelatedWork W2034689630 @default.
- W3123291719 hasRelatedWork W2114393301 @default.
- W3123291719 hasRelatedWork W2124862336 @default.
- W3123291719 hasRelatedWork W2150686123 @default.
- W3123291719 hasRelatedWork W2166592710 @default.
- W3123291719 hasRelatedWork W2185717696 @default.
- W3123291719 hasRelatedWork W2482348541 @default.
- W3123291719 hasRelatedWork W2726512685 @default.
- W3123291719 hasRelatedWork W2809046809 @default.
- W3123291719 hasRelatedWork W3122840369 @default.
- W3123291719 hasRelatedWork W3122909484 @default.
- W3123291719 hasRelatedWork W44608990 @default.
- W3123291719 hasRelatedWork W168461987 @default.
- W3123291719 hasRelatedWork W2564006796 @default.
- W3123291719 isParatext "false" @default.
- W3123291719 isRetracted "false" @default.
- W3123291719 magId "3123291719" @default.
- W3123291719 workType "article" @default.