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consumption between 2006 and 2009. Using household-level data, we show that in addition to a direct effect of changes in house …
Persistent link: https://www.econbiz.de/10014236585
consumption between 2006 and 2009. Using household-level data, we show that in addition to a direct effect of changes in house …
Persistent link: https://www.econbiz.de/10013435153
Using administrative data on mortgages issued in Italy between 2018 and 2019, this paper estimates loan demand elasticities to maturity and interest rate. We find that households are responsive to both contract terms: a 1% decrease in interest rate increases the average loan size by 0.22%...
Persistent link: https://www.econbiz.de/10014478506
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the determinants of household debt holding and to investigate whether or not credit constraints are important for … household debt holding. We extend the existing literature in important ways. First, we present comparative evidence for four … countries at the micro level, where we rely on household panel data for two countries; we are thus able to control for …
Persistent link: https://www.econbiz.de/10011373833