The Credit Supply Channel of Monetary Policy Tightening and its Distributional Impacts
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This paper studies how tightening monetary policy transmits to the economy through the mortgage market and sheds new light on the distributional consequences at both individual and regional levels. We find that credit supply factors, specifically restrictions on the debt-to-income (DTI) ratio,
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美国国家经济研究局创建时间：
2023-07-01
