We document a housing portfolio channel of quantitative easing (QE) transmission exploiting variation in German …

Die Geldpolitik schenkt den Immobilienmärkten zunehmend Aufmerksamkeit, weil immer deutlicher wird, dass die … Immobilienpreise sich maßgeblich auf den Konsum auswirken können. Ein wichtiges Bindeglied zwischen der Geldpolitik und den … property prices can have a decisive effect on consumption. The mortgage markets represent an important link between monetary …

Nonlocal mortgage lenders with greater exposure to high-growth housing markets accept fewer loan applications in these … lenders' exposure to high-growth markets is associated with more risk, more efficiency, and more return on mortgage portfolios …

This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German …-trigger hypothesis of mortgage defaults. In order to analyse the possible credit losses stemming from residential mortgage lending we … to 2020 for the whole German banking sector. Our results show that loss rates in the residential mortgage portfolios of …