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-linked mortgage-market data, we document that there is a “flypaper effect” of LSAPs, where the transmission of unconventional monetary …-eligible mortgage originations significantly more than the origination of GSE-ineligible mortgages. In contrast, QE2's focus on … Treasuries) during QE1 resulted in an additional $600 billion of refinancing, substantially reducing interest payments for …
Persistent link: https://www.econbiz.de/10013002761
-linked mortgage-market data, we document that there is a "flypaper effect" of LSAPs, where the transmission of unconventional monetary …-eligible mortgage originations significantly more than the origination of GSE-ineligible mortgages. In contrast, QE2's focus on … Treasuries) during QE1 resulted in an additional $600 billion of refinancing, substantially reducing interest payments for …
Persistent link: https://www.econbiz.de/10012456042
In this paper, I study how mortgage refinancing influences the interest rate pass-through to household budgets via … fixed-rate mortgage contracts in Denmark. I develop a model based on a state-dependent process of household actions that … endogenously determines household refinancing decisions as a function of their incentives. I show that the model leads to a dynamic …
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-linked mortgage-market data, we document that there is a “flypaper effect” of LSAPs, where the transmission of unconventional monetary …-eligible mortgage originations significantly more than the origination of GSE-ineligible mortgages. In contrast, QE2's focus on … Treasuries) during QE1 resulted in an additional $600 billion of refinancing, substantially reducing interest payments for …
Persistent link: https://www.econbiz.de/10012935530
Retired homeowners dissave more slowly than renters, which suggests that homeownership affects retirees' saving decisions. We investigate empirically and theoretically the life-cycle patterns of homeownership, housing and nonhousing assets in retirement. Using an estimated structural model of...
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