State Dependent Effects of Monetary Policy: the Refinancing Channel
收藏NBER2018-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25152
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资源简介：
This paper studies how the impact of monetary policy depends on the distribution of savings from renancing mortgages. We show that the ecacy of monetary policy is state dependent, varying in a systematic way with the pool of potential savings from renancing. We construct a quantitative dynamic life
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美国国家经济研究局创建时间：
2018-10-01
