HOUSE PRICES / Ente Luigi Einaudi / D. Central Bank Policy / BORROWING CONSTRAINTS / MONETARY POLICY / Freddie Mac / /
Country
United States / / /
Facility
Northeastern University / Boston College / /
IndustryTerm
technology parameter / retail level / similar device / constant returns-to-scale technology / collateralizable real estate / demand real estate / bank makes / real estate demand / real estate input / real estate / technology constraint / real estate transfers / bank / difference operator / bank respects / banking / printing money / real estate values / /
MarketIndex
CRB / Conventional Mortgage Home Price / /
OperatingSystem
L3 / /
Organization
Department of Economics / International Monetary Fund / Northeastern University / European Central Bank / Boston College / Federal Reserve Bank / Federal Reserve Bank of New York / US Federal Reserve / London School of Economics / Bank of England / /
Person
Raoul Minetti / Gregory Mankiw / James Tobin / Michael Palumbo / Claudia Oglialoro / Bennett McCallum / Wendy Dunn / Ben Bernanke / John Moore / Pt / Christopher Carroll / Marco Pagano / Jordi Galı / Fabio Canova / Marina Pavan / Nobuhiro Kiyotaki / Fabio Schiantarelli / Tullio Jappelli / Carol Osler / Bt / Irving Fisher / Jeffrey Fuhrer / Matthew Higgins / Karl Case / Stephen Zeldes / Harald Uhlig / Charles Carlstrom / Mark Gertler / Morris Davis / Glenn Hubbard / John Campbell / Christopher Pissarides / Timothy Fuerst / /
Position
1ht /Rt / advisor / estimated model for quantitative policy analysis / Rt / model / and can be ignored / sticky-price model of Bernanke / basic model / which conveys the intuition / /
House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle By MATTEO IACOVIELLO* I develop and estimate a monetary business cycle model with nominal loans and collateral constraints tied to housing va