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López-Quiles Centeno, Carolina - 2021

Persistent link: https://www.econbiz.de/10012615062

Has higher household indebtedness weakened monetary policy transmission?

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

Has monetary policy in advanced economies been less effective since the global financial crisis because of 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...

Persistent link: https://www.econbiz.de/10012001512

Monetary policy and household deleveraging

Harding, Martin; Klein, Mathias - 2019

This study investigates the interrelation between the household leverage cycle, collateral constraints, and monetary policy. Using data on the U.S. economy, we find that a contractionary monetary policy shock leads to a large and significant fall in economic activity during periods of household...

Persistent link: https://www.econbiz.de/10012014247

The role of households' borrowing constraints in the transmission of monetary policy

Cumming, Fergus; Hubert, Paul - 2020

Persistent link: https://www.econbiz.de/10012202685

The role of households' borrowing constraints in the transmission of monetary policy

Cumming, Fergus; Hubert, Paul - 2019

Persistent link: https://www.econbiz.de/10012233622

Credit demand vs. supply channels: Experimental- and administrative-based evidence

Peydró, José-Luis; Sette, Enrico; Michelangeli, Valentina - 2020

Persistent link: https://www.econbiz.de/10012304127

Modern challenges for the modern bank

Compagnucci, Lorenzo - In: Economia marche : journal of applied economics 41 (2022) 2, pp. 1-19

Persistent link: https://www.econbiz.de/10014259272

The interest rate exposure of euro area households

Tzamourani, Panagiota - 2019

We estimate the "unhedged interest rate exposure" (URE) of euro area households. The URE is a welfare metric that captures the extent to which households are exposed to changes in real interest rates, and reflects the direct gains and losses in interest income flows incurred by households after...

Persistent link: https://www.econbiz.de/10011963126

Non-Ricardian borrowers and mortgage type : implications for monetary policy leaning against the wind

Pietrzak, Marcin - In: Journal of central banking theory and practice 13 (2024) 2, pp. 153-185

freely adjust outstanding debt (refinancing) and (ii) dominant mortgage type in the economy (fixed or adjustable rate). I … their disposable income (hand-to-mouth) net of payments on long-term mortgage. I find that the optimal simple policy rule … significantly depends on the ability to adjust debt and on mortgage type. Policy prescriptions based on models not accounting for …

Persistent link: https://www.econbiz.de/10014581561

How do mortgage rate resets affect consumer spending and debt repayment? : evidence from Canadian consumers

Kartashova, Katya; Zhou, Xiaoqing - 2022

Persistent link: https://www.econbiz.de/10013332590