Details about John V. Duca

Loan commitments and optimal monetary policy
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
See also Journal Article Loan Commitments and Optimal Monetary Policy, Journal of Money, Credit and Banking, Blackwell Publishing (1990) View citations (3) (1990)
Mortgage rationing in the post disintermediation era: does FHA make a difference?
Working Paper Series / Economic Activity Section, Board of Governors of the Federal Reserve System (U.S.)
Wage indexation in a multisector economy
Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

1987

Credit rationing and the demand for owner-occupied housing
Working Paper Series / Economic Activity Section, Board of Governors of the Federal Reserve System (U.S.) View citations (8)
See also Journal Article Credit rationing and the demand for owner-occupied housing, Journal of Urban Economics, Elsevier (1991) View citations (33) (1991)
The effects of credit availability on consumer durable expenditures
Working Paper Series / Economic Activity Section, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

1986

Trade credit and credit rationing: a theoretical model
Research Papers in Banking and Financial Economics, Board of Governors of the Federal Reserve System (U.S.) View citations (9)

Journal Articles

2025

Money Matters: Broad Divisia Money and the Recovery of the US Nominal GDP From the COVID‐19 Recession
Journal of Forecasting, 2025, 44, (3), 1071-1096
See also Working Paper Money Matters: Broad Divisia Money and the Recovery of Nominal GDP from the COVID-19 Recession, NBER Working Papers (2023) View citations (1) (2023)

2024

Using deep (machine) learning to forecast US inflation in the COVID‐19 era
Journal of Forecasting, 2024, 43, (4), 894-902

2023

How the new fed municipal bond facility capped municipal-treasury yield spreads in the Covid-19 recession
Journal of the Japanese and International Economies, 2023, 67, (C)

2022

How new Fed corporate bond programs cushioned the Covid-19 recession
Journal of Banking & Finance, 2022, 136, (C) View citations (3)
Media fragmentation and the polarization of the American public
Applied Economics Letters, 2022, 29, (4), 277-281

2021

An overview of the Fed's new credit policy tools and their cushioning effect on the COVID-19 recession
Journal of Government and Economics, 2021, 3, (C) View citations (5)
What Drives House Price Cycles? International Experience and Policy Issues
Journal of Economic Literature, 2021, 59, (3), 773-864 View citations (38)

2020

Can machine learning on economic data better forecast the unemployment rate?
Applied Economics Letters, 2020, 27, (17), 1434-1437 View citations (4)
The other (commercial) real estate boom and bust: The effects of risk premia and regulatory capital arbitrage
Journal of Banking & Finance, 2020, 112, (C) View citations (17)
See also Working Paper The other (commercial) real estate boom and bust: the effects of risk premia and regulatory capital arbitrage, Working Papers (2015) View citations (8) (2015)

2019

New monetary services (Divisia) indexes for the post-war U.S
Journal of Financial Stability, 2019, 42, (C), 3-17 View citations (2)
REAL ESTATE AND THE GREAT CRISIS: LESSONS FOR MACROPRUDENTIAL POLICY
Contemporary Economic Policy, 2019, 37, (1), 121-137 View citations (8)
See also Working Paper Real Estate and the Great Crisis: Lessons for Macro-Prudential Policy, LEM Papers Series (2016) View citations (7) (2016)
Venture capital restrained after Sarbanes–Oxley
Economics Letters, 2019, 175, (C), 84-87 View citations (2)

2018

What drives economic policy uncertainty in the long and short runs: European and U.S. evidence over several decades
Journal of Macroeconomics, 2018, 55, (C), 128-145 View citations (15)
See also Working Paper What drives economic policy uncertainty in the long and short runs? European and U.S. evidence over several decades, Working Papers (2016) View citations (2) (2016)

2017

How Taxes and Required Returns Drove Commercial Real Estate Valuations over the Past Four Decades
National Tax Journal, 2017, 70, (3), 549-584 View citations (2)
See also Working Paper How Taxes and Required Returns Drove Commercial Real Estate Valuations over the Past Four Decades, Working Papers (2017) View citations (2) (2017)
INCOME INEQUALITY, MEDIA FRAGMENTATION, AND INCREASED POLITICAL POLARIZATION
Contemporary Economic Policy, 2017, 35, (2), 392-413 View citations (14)
Money and velocity during financial crises: From the great depression to the great recession
Journal of Economic Dynamics and Control, 2017, 81, (C), 32-49 View citations (23)
See also Working Paper Money and Velocity During Financial Crises: From the Great Depression to the Great Recession, Economics Working Papers (2016) View citations (19) (2016)
The Great Depression versus the Great Recession in the U.S.: How fiscal, monetary, and financial polices compare
Journal of Economic Dynamics and Control, 2017, 81, (C), 50-64 View citations (4)

2016

Economic policy uncertainty and the credit channel: Aggregate and bank level U.S. evidence over several decades
Journal of Financial Stability, 2016, 26, (C), 90-106 View citations (288)
See also Working Paper Economic Policy Uncertainty and the Credit Channel: Aggregate and Bank Level U.S. Evidence over Several Decades, NBER Working Papers (2016) View citations (302) (2016)
How Mortgage Finance Reform Could Affect Housing
American Economic Review, 2016, 106, (5), 620-24 View citations (18)
How capital regulation and other factors drive the role of shadow banking in funding short-term business credit
Journal of Banking & Finance, 2016, 69, (S1), S10-S24 View citations (34)
Income Inequality and Political Polarization: Time Series Evidence Over Nine Decades
Review of Income and Wealth, 2016, 62, (3), 445-466 View citations (18)
See also Working Paper Income inequality and political polarization: time series evidence over nine decades, Working Papers (2014) View citations (3) (2014)
Increased credit availability, rising asset prices help boost consumer spending
Economic Letter, 2016, 11, (3), 1-4

2015

Conference on Housing, Stability, and the Macroeconomy: International Perspectives
Journal of Money, Credit and Banking, 2015, 47, (S1), 1-11 View citations (2)
Will Oil Decline Lead to a House Price Bust?
Annual Report, 2015

2014

Financial literacy and mortgage equity withdrawals
Journal of Urban Economics, 2014, 80, (C), 62-75 View citations (32)
See also Working Paper Financial literacy and mortgage equity withdrawals, Working Papers (2011) View citations (21) (2011)

2013

Did the commercial paper funding facility prevent a Great Depression style money market meltdown?
Journal of Financial Stability, 2013, 9, (4), 747-758 View citations (10)
See also Working Paper Did the Commercial Paper Funding Facility Prevent a Great Depression Style Money Market Meltdown?, MPRA Paper (2011) View citations (5) (2011)
Nationally, Housing Recovery Finally Gains Traction
Annual Report, 2013 View citations (4)
Regionally, Housing Rebound Depends on Jobs, Local Supply Tightness
Annual Report, 2013 View citations (1)
The Money Market Meltdown of the Great Depression
Journal of Money, Credit and Banking, 2013, 45, (2‐3), 493-504 View citations (1)
Also in Journal of Money, Credit and Banking, 2013, 45, (2-3), 493-504 (2013) View citations (12)
What's Next? Factors Determining the Housing Recovery's Pace
Annual Report, 2013
Would a Bagehot style corporate bond backstop have helped counter the Great Recession?
Economics Letters, 2013, 119, (3), 351-353 View citations (2)

2012

CREDIT, HOUSING COLLATERAL, AND CONSUMPTION: EVIDENCE FROM JAPAN, THE U.K., AND THE U.S
Review of Income and Wealth, 2012, 58, (3), 397-423 View citations (101)

2011

House Prices and Credit Constraints: Making Sense of the US Experience
Economic Journal, 2011, 121, (552), 533-551 View citations (202)
See also Working Paper House Prices and Credit Constraints: Making Sense of the U.S. Experience, SERC Discussion Papers (2011) View citations (204) (2011)
When will the U.S. housing market stabilize?
Economic Letter, 2011, 6, (august) View citations (3)

2010

Housing markets and the financial crisis of 2007-2009: Lessons for the future
Journal of Financial Stability, 2010, 6, (4), 203-217 View citations (109)
See also Working Paper Housing Markets and the Financial Crisis of 2007-2009: Lessons for the Future, SERC Discussion Papers (2010) View citations (117) (2010)
Recovering from the housing and financial crisis
Economic Letter, 2010, 5, (jul)

2009

Fed confronts financial crisis by expanding its role as lender of last resort
Economic Letter, 2009, 4, (feb) View citations (3)
Regulation and the Neo-Wicksellian Approach to Monetary Policy
Journal of Money, Credit and Banking, 2009, 41, (4), 799-807 View citations (13)
Also in Journal of Money, Credit and Banking, 2009, 41, (4), 799-807 (2009)
See also Working Paper Regulation and the neo-Wicksellian approach to monetary policy, Working Papers (2008) View citations (9) (2008)

2008

STOCK OWNERSHIP AND CONGRESSIONAL ELECTIONS: THE POLITICAL ECONOMY OF THE MUTUAL FUND REVOLUTION
Economic Inquiry, 2008, 46, (3), 454-479 View citations (4)

2007

From complacency to crisis: financial risk taking in the early 21st century
Economic Letter, 2007, 2, (dec) View citations (6)
The rise and fall of subprime mortgages
Economic Letter, 2007, 2, (nov) View citations (34)

2006

Making sense of the U.S. housing slowdown
Economic Letter, 2006, 1, (nov) View citations (13)
Mutual funds and the evolving long-run effects of stock wealth on U.S. consumption
Journal of Economics and Business, 2006, 58, (3), 202-221 View citations (9)
See also Working Paper Mutual funds and the evolving long-run effects of stock wealth on U.S. consumption, Working Papers (2005) View citations (1) (2005)

2005

Making sense of elevated housing prices
Southwest Economy, 2005, (Sep), 1, 7-13 View citations (7)
WHY HAVE U.S. HOUSEHOLDS INCREASINGLY RELIED ON MUTUAL FUNDS TO OWN EQUITY?
Review of Income and Wealth, 2005, 51, (3), 375-396 View citations (10)
See also Working Paper Why have U.S. households increasingly relied on mutual funds to own equity?, Working Papers (2004) View citations (5) (2004)

2004

How vulnerable are housing prices?
Southwest Economy, 2004, (Mar), 1, 11-16 View citations (3)
Productivity gains showing up in services
Southwest Economy, 2004, (Nov), 1, 5-8 View citations (1)
Recent developments in understanding the demand for money
Journal of Economics and Business, 2004, 56, (4), 247-272 View citations (93)

2003

How low interest rates impact financial institutions
Southwest Economy, 2003, (Nov), 1, 8-12
Science and Cents: Exploring the economics of biotechnology: an overview
Proceedings, 2003, (Sep), 3-10

2002

An overview of science and cents: exploring the economics of biotechnology
Economic and Financial Policy Review, 2002
The economic impact of biotechnology
Southwest Economy, 2002, (Mar), 1, 6-10, 20 View citations (1)

2001

How does the stock market affect the economy?
Southwest Economy, 2001, (Sep), 1, 9-12 View citations (1)
The Rise of Goods-Market Competition and the Fall of Nominal Wage Contracting: Endogenous Wage Contracting in a Multisector Economy
Journal of Macroeconomics, 2001, 23, (1), 1-29 View citations (13)
See also Working Paper The rise of goods-market competition and the fall of nominal wage contracting: endogenous wage contracting in a multisector economy, Working Papers (1998) (1998)
The democratization of America's capital markets
Economic and Financial Policy Review, 2001, (Q II), 10-19 View citations (11)
The rise of mutual funds
Southwest Economy, 2001, (Jan), 1, 6-8

2000

Financial Technology Shocks and the Case of the Missing M2
Journal of Money, Credit and Banking, 2000, 32, (4), 820-39 View citations (49)
Firm churn on Main Street and Wall Street
Southwest Economy, 2000, (Mar), 6-9
Has Greater Competition Restrained U.S. Inflation?
Southern Economic Journal, 2000, 66, (3), 729-741 View citations (8)

1999

A fresh look at the national economy
Southwest Economy, 1999, (Mar), 8-12
What credit market indicators tell us
Economic and Financial Policy Review, 1999, (Q III), 2-13 View citations (37)

1998

Assessing Monetary Policy and Deposit Deregulation
Journal of Economics and Business, 1998, 50, (1), 3-21 View citations (3)
Comment on Cole
Journal of Banking & Finance, 1998, 22, (6-8), 978-981 View citations (2)
Goods-market competition and profit sharing: a multisector macro approach
Journal of Economics and Business, 1998, 50, (6), 525-534 View citations (3)
See also Working Paper Goods-market competition and profit sharing: a multisector macro approach, Working Papers (1997) (1997)
How increased product market competition may be reshaping America's labor markets
Economic and Financial Policy Review, 1998, (Q IV), 2-16 View citations (2)
The Rise of Goods-Market Competition and the Decline in Wage Indexation: A Macroeconomic Approach
Journal of Macroeconomics, 1998, 20, (3), 579-598 View citations (9)
The new labor paradigm: more market-responsive rules of work and pay
Southwest Economy, 1998, (May), 6-8, 12 View citations (2)
What does the Asian crisis mean to the U.S. economy?
Southwest Economy, 1998, (Mar), 1-6, 8 View citations (2)

1997

A tale of three supply shocks, national inflation and the region's economy
Southwest Economy, 1997, (Mar), 1-4 View citations (4)
Has long-run profitability risen in the 1990s
Economic and Financial Policy Review, 1997, (Q IV), 2-14 View citations (1)

1996

Can mortgage applications help predict home sales?
Economic and Financial Policy Review, 1996, (Q IV), 21-30
Deposit Deregulation and the Sensitivity of Housing
Journal of Housing Economics, 1996, 5, (3), 207-226 View citations (20)
Inflation, unemployment, and duration
Economics Letters, 1996, 52, (3), 293-298 View citations (4)
See also Working Paper Inflation, unemployment, and duration, Working Papers (1996) View citations (3) (1996)

1995

Credit Cards and Money Demand: A Cross-sectional Study
Journal of Money, Credit and Banking, 1995, 27, (2), 604-23 View citations (71)
See also Working Paper Credit cards and money demand: a cross-sectional study, Working Papers (1991) View citations (2) (1991)
Should bond funds be added to M2?
Journal of Banking & Finance, 1995, 19, (1), 131-152 View citations (19)
Sources of money instability
Economic and Financial Policy Review, 1995, (Q IV), 2-13
The changing meaning of money
Southwest Economy, 1995, (Nov), 6-9

1994

Adding bond funds to M2 in the P-Star model of inflation
Economics Letters, 1994, 46, (2), 143-147 View citations (14)
See also Working Paper Adding bond funds to M2 in the P-star model of inflation, Working Papers (1994) View citations (13) (1994)
Borrowing constraints and access to owner-occupied housing
Regional Science and Urban Economics, 1994, 24, (3), 301-322 View citations (67)
Do Mortgage Rates Vary Based on Household Default Characteristics? Evidence on Rate Sorting and Credit Rationing
The Journal of Real Estate Finance and Economics, 1994, 8, (2), 99-113 View citations (25)
Performance of Residential Mortgages in Low- and Moderate-Income Neighborhoods: Comments
The Journal of Real Estate Finance and Economics, 1994, 9, (3), 261-62
Would the addition of bond or equity funds make M2 a better indicator of nominal GDP?
Economic and Financial Policy Review, 1994, (Q IV), 1-14 View citations (9)

1993

Borrowing Constraints, Household Debt, and Racial Discrimination in Loan Markets
Journal of Financial Intermediation, 1993, 3, (1), 77-103 View citations (136)
See also Working Paper Borrowing constraints, household debt, and racial discrimination in loan markets, Working Papers (1993) View citations (104) (1993)
Monitoring money: should bond funds be added to M2?
Southwest Economy, 1993, (Jun), 1-8
RTC activity and the 'missing M2'
Economics Letters, 1993, 41, (1), 67-71 View citations (8)
Regulation, bank competitiveness, and episodes of missing money
Economic and Financial Policy Review, 1993, (Apr), 1-23 View citations (3)

1992

The case of the missing M2
Economic and Financial Policy Review, 1992, (Q II), 1-24 View citations (20)
See also Working Paper The case of the \"missing M2.\", Working Papers (1992) View citations (1) (1992)
US business credit sources, demand deposits, and the 'missing money'
Journal of Banking & Finance, 1992, 16, (3), 567-583 View citations (12)

1991

An empirical test of credit rationing in the mortgage market
Journal of Urban Economics, 1991, 29, (2), 218-234 View citations (12)
Credit rationing and the demand for owner-occupied housing
Journal of Urban Economics, 1991, 30, (1), 48-63 View citations (33)
See also Working Paper Credit rationing and the demand for owner-occupied housing, Working Paper Series / Economic Activity Section (1987) View citations (8) (1987)
Optimal Wage Indexation in a Multisector Economy
International Economic Review, 1991, 32, (4), 859-67 View citations (16)
Recent developments affecting the profitability and practices of commercial banks
Federal Reserve Bulletin, 1991, (Jul), 505-527 View citations (3)

1990

Developments affecting the profitability of commercial banks
Federal Reserve Bulletin, 1990, (Jul), 477-499 View citations (15)
Loan Commitments and Optimal Monetary Policy
Journal of Money, Credit and Banking, 1990, 22, (2), 178-94 View citations (3)
See also Working Paper Loan commitments and optimal monetary policy, Finance and Economics Discussion Series (1988) (1988)
Optimal monetary policy in a multisector economy with an economywide money market
Journal of Economics and Business, 1990, 42, (4), 253-263 View citations (3)
See also Working Paper Optimal monetary policy in a multisector economy with an economy-wide money market, Research Working Paper (1989) View citations (1) (1989)
The impact of mortgage activity on recent demand deposit growth
Economics Letters, 1990, 32, (2), 157-161 View citations (5)

1987

The Spillover Effects of Nominal Wage Rigidity in a Multisector Economy: A Note
Journal of Money, Credit and Banking, 1987, 19, (1), 117-21 View citations (18)

Chapters

2024

Corporate Green Bonds and the Cost of Capital
Chapter 2 in HANDBOOK OF ENVIRONMENTAL AND GREEN FINANCE Toward a Sustainable Future, 2024, pp 37-81

2021

John Muellbauer (1944–)
Springer

2015

Texas Real Estate: From the 1980s’ Oil Bust to the Shale Oil Boom
Palgrave Macmillan

2012

Credit standards and the bubble in US house prices: new econometric evidence
A chapter in Property markets and financial stability, 2012, vol. 64, pp 83-89 View citations (5)