Molterer, Manuel; Amon, Julian; Tyrell, Marcel - In: Credit and Capital Markets – Kredit und Kapital 56 (2023) 2, pp. 145-195
Using several different datasets obtained from the German Central Bank (Deutsche Bundesbank) and the German Federal Statistical Office, we provide empirical evidence that savings and loan contracts (SLCs) are a macrosocial phenomenon that smooths housing demand by setting countercyclical...