• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Japan and the World Economy >Macroeconomic effects of macroprudential policies: Evidence from LTV and DTI policies in Korea
【24h】

Macroeconomic effects of macroprudential policies: Evidence from LTV and DTI policies in Korea

机译：宏观审慎政策的宏观经济影响：韩国LTV和DTI政策的证据

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

This study investigates the effects of loan-to-value (LTV) and debt-to-income (DTI) policies on macroeconomic variables such as commodity price index (CPI) and industrial production (IP) and financial variables such as house price and household bank loan in Korea by employing a structural vector autoregression (VAR) model. We use measures of LTV and DTI regulations that properly reflect changes in regulation coverage and intensity. Empirical results show that LTV and DTI shocks have significant effects not only on house price and household bank loan but also on CPI and IP, particularly when both policies are implemented together. The effects of DTI shocks are similar to those of monetary policy shocks, but LTV and DTI shocks tend to have a slower effect on CPI and IP but a faster effect on house price and household bank loan.
机译：这项研究调查了贷款价值比（LTV）和债务收入（DTI）政策对宏观经济变量（如商品价格指数（CPI）和工业生产（IP））以及金融变量（如房价和家庭）的影响韩国采用结构矢量自回归（VAR）模型进行银行贷款。我们使用LTV和DTI法规的措施来正确反映法规覆盖范围和强度的变化。实证结果表明，LTV和DTI冲击不仅对房价和家庭银行贷款有重大影响，而且对CPI和IP也有重大影响，特别是在同时执行这两项政策时。 DTI冲击的影响与货币政策冲击相似，但LTV和DTI冲击对CPI和IP的影响往往较慢，但对房价和家庭银行贷款的影响则较快。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号