Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10011392896
Mortgages are prime examples of long-term nominal loans. As a result, under incomplete asset markets, monetary policy can affect household decisions through the cost of new mortgage borrowing and the value of payments on outstanding debt. These channels are distinct from the transmission through...
Persistent link: https://www.econbiz.de/10011306278
Persistent link: https://www.econbiz.de/10010226701