CORDIS Project
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This project investigates the effects of financial markets on consumption, employment, and investment by analyzing detailed data on mortgage and debt originations. It aims to develop theoretical frameworks that account for variations in credit supply and demand, ultimately informing macroeconomic policy design.
The last decade had seen an increasing recognition that financial markets play a key role over the business cycle.
Still, there have not been many detailed, systematic, empirical investigations on the consumption, employment and investment effects of the interaction between macroeconomic policies and the evolving structure of credit markets.
This proposal aims to develop a research agenda over the next five years that combines insights from disaggregated data sets --which are either newly availa…
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