data from a major Danish bank. We examine the behavior of borrowers with adjustable rate mortgages, and exploit that the …

that housing tenure reacts more strongly to unexpected changes in the policy rate in Germany and Switzerland - the OECD … points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …

find that housing tenure reacts more strongly to unexpected changes in the policy rate in Germany and Switzerland - the ….6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …

find that housing tenure reacts more strongly to unexpected changes in the policy rate in Germany and Switzerland - the ….6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …

find that housing tenure reacts more strongly to unexpected changes in the policy rate in Germany and Switzerland - the ….6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …

housing is accepted as collateral. A calibration to the U.S. economy supports the theoretical results and provides novel …