Mortgages and Monetary Policy
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https://www.nber.org/papers/w19744
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资源简介：
Mortgages are long-term loans with nominal payments. Consequently, under incomplete asset markets, monetary policy can affect housing investment and the economy through the cost of new mortgage borrowing and real payments on outstanding debt. These channels, distinct from traditional real rate
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美国国家经济研究局创建时间：
2013-12-01
