Homeownership rates differ widely across European countries. We document that part of this variation is driven by … homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To … consumption-saving and housing tenure decisions. We embed an explicit intergenerational link between children and parents to …

This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the …

, the transmission to consumption is stronger only in those countries where mortgage equity release is common and mortgage … main facts: first, the features of residential mortgage markets differ markedly across industrialized countries; second … house prices is significantly stronger in those countries with larger flexibility/development of mortgage markets; third …

, the transmission to consumption is stronger only in those countries where mortgage equity release is common and mortgage … main facts: first, the features of residential mortgage markets differ markedly across industrialized countries; second … house prices is significantly stronger in those countries with larger flexibility/development of mortgage markets; third …

output, but significant in consumption, consumer prices, and variables related to local housing and labor markets. Building a … of output and private consumption …

Mortgage loans are a striking example of a persistent nominal rigidity. As a result, under incomplete markets, monetary … policy affects decisions through the cost of new mortgage borrowing and the value of payments on outstanding debt. Observed …

affect housing investment and the economy through the cost of new mortgage borrowing and real payments on outstanding debt …