increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that …

mortgage-backed securities is more widespread …

Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between …-country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for … exercise to identify how the easing of monetary policy during the financial crisis affected mortgage holders. It shows that the …

main facts: first, the features of residential mortgage markets differ markedly across industrialized countries; second …, and according to a wide range of indicators, the transmission of monetary policy shocks to residential investment and … house prices is significantly stronger in those countries with larger flexibility/development of mortgage markets; third …

real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …

bankruptcy on account of unpaid medical bills. The bias is further stronger for households with mortgage finance, shorter house …