The Mortgage Debt Channel of Monetary Policy when Mortgages are Liquid
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https://www.nber.org/papers/w34461
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资源简介:
We examine what is widely considered to be one of the strongest channels of monetary policy transmission into household spending the effect of changes in mortgage payments when mortgage rates are linked to the short-term policy rate. Using bank transactions data from Australia, we analyze a
提供机构:
美国国家经济研究局
创建时间:
2025-11-01



