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We document a housing portfolio channel of quantitative easing (QE) transmission exploiting variation in German household data in a difference-in-differences setting around QE adoption in 2015. We find that QE encourages households with larger initial bond positions to rebalance more toward...
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aggregate homeownership rates. We investigate this empirical observation using a cash-in-advance model with housing markets and … argue that the rate of inflation is important in explaining the nexus between informality and homeownership rates …
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User costs of housing are a major part of a household’s expenditure.I empirically investigate the heterogeneous impact of an unanticipatedexpansionary monetary policy on housing markets and householdtenurial decision by exploiting the user cost of housing channel.Drawing on a Swiss household...
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We show that monetary policy affects homeownership decisions and argue that this effect is an important and overlooked … fluctuations in the U.S. homeownership rate and that monetary policy affects households’ housing tenure choices. We then develop … homeownership rates and housing rents. We find that the calibrated model provides an explanation to the “price puzzle” and delivers …
Persistent link: https://www.econbiz.de/10013295203
We show that monetary policy affects homeownership decisions and argue that this effect is an important and overlooked … fluctuations in the U.S. homeownership rate and that monetary policy affects households' housing tenure choices. We then develop … homeownership rates and housing rents. We find that the calibrated model provides an explanation to the "price puzzle" and delivers …
Persistent link: https://www.econbiz.de/10013406781
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