Online First Journal of Money, Credit and Banking Online 22 Nov 2025Heterogeneity and the Macro-Economic Effects of Changes in Loan-to-Value LimitsEmmanuel De Veirman · Jasper De JongDe Veirman and de Jong develop a new approach to estimating the macroeconomic effects of changes in regulatory loan-to-value (LTV) limits on mortgage loans. The central questions are: (1) how do …