Mortgages are prime examples of long-term nominal loans. As a result, under incomplete asset markets, monetary policy …, have larger real effects than transitory shocks. The transmission is stronger under adjustable- than fixed-rate mortgages …

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 …