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Monetary policy transmission to mortgages in a negative interest rate environment

Amzallag, Adrien; Calza, Alessandro; Georgarakos, Dimitris - 2019

behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher …

Persistent link: https://www.econbiz.de/10011975610

Liquidity constraints and demand for maturity the case of mortgages

Ferrari, Alessandro; Loseto, Marco - 2023

Using administrative data on mortgages issued in Italy between 2018 and 2019, this paper estimates loan demand elasticities to maturity and interest rate. We find that households are responsive to both contract terms: a 1% decrease in interest rate increases the average loan size by 0.22%...

Persistent link: https://www.econbiz.de/10014478506

Mortgage indebtedness and household financial distress

Georgarakos, Dimitris; Lojschova, Adriana; … - 2010

towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …. - Mortgage debt ; credit markets ; financial distress ; household finance ; peer effects …

Persistent link: https://www.econbiz.de/10003971055

Cross-country price and inflation dispersion : retail network or national border?

Messner, Teresa; Rumler, Fabio; Strasser, Georg - 2023

(Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for grocery prices in the otherwise homogenous and highly integrated border region of Austria and Germany. Using transaction data on prices and quantities from a large household panel, we...