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during the 00's What are the effects of introducing interest-only, flexible-rate mortgage contracts and a tax-freeze on … financial frictions, and the coexistence of flexible-, fixed-rate and interest-only mortgage contracts. I find that the … introduction and the adoption of flexible-rate and interest-only mortgage contracts together with a freeze of taxation of the …
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mortgage rates and government bonds? Using a structural VAR approach, we find that mortgage spread shocks impact the real …
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Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...
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