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The market for inflation risk

Bahaj, Saleem; Czech, Robert; Ding, Sitong; Reis, Ricardo - 2023

Persistent link: https://www.econbiz.de/10014330123

Functional monetary aggregates, monetary policy, and business cycles

Serletis, Apostolos; Xu, Libo - In: Journal of economic dynamics & control 121 (2020), pp. 1-22

Persistent link: https://www.econbiz.de/10012504151

Identifying the depreciation rate of durables from marginal spending responses

Cao, Jin; Cui, Chao; Dinger, Valeriya; Holm, Martin Blomhoff - 2022

This paper presents a novel method to estimate the depreciation rate of durable goods using a combination of identified marginal and average spending shares. We apply our method to Chinese spending responses to disposable income changes induced by monetary policy in 2008-2009. The marginal...

Persistent link: https://www.econbiz.de/10012818789

The impact of monetary conditions on bank lending to households

Gyöngyösi, Győző; Ongena, Steven; Schindele, Ibolya - 2019

We study the impact of monetary conditions on the supply of mortgage credit by banks to households. Using comprehensive credit register data from Hungary, we first establish a "bank-lending-to-households" channel by showing that monetary conditions affect the supply of mortgage credit in volume....

Persistent link: https://www.econbiz.de/10011994662

Has higher household indebtedness weakened monetary policy transmission?

Gelos, Gaston; Grinberg, Federico; Mancini Griffoli, Tommaso - 2019

deteriorating household balance sheets? This paper examines the question using household data from the United States. It compares … the responsiveness of household consumption to monetary policy shocks in the pre- and post-crisis periods, relating … changes in monetary transmission to changes in household indebtedness and liquidity. The results show that the responsiveness …