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In this paper, we evaluate Danish homeowners' interest-rate sensitivity in terms of the partial effect of a 1 percentage point increase in interest rates on homeowners cash flows and balance sheets. We construct two measures to quantify the effect of an increase in interest rates on homeowners....
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document substantial heterogeneity across these dimensions. The median household in the euro area has a positive interest rate …
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This paper studies the direct impact of households' debt on consumption over the business cycle. We use household …
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