Mortgage Debt and Time-Varying Monetary Policy Transmission

We study the role of monetary policy for the dynamics of U.S. mortgage debt, which is the largest component of household indebtedness. A timevarying parameter VAR model allows us to study the variation in the mortgage debt sensitivity to monetary policy. We find that an identically-sized policy sho...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 09-2018)
Main Authors:	Finck, David, Schmidt, Jörg, Tillmann, Peter
Format:	Article
Language:	English
Published:	Philipps-Universität Marburg 2018
Subjects:	deleveraging monetary policy DSGE mortgage debt time-varying VAR Wirtschaft Economics
Online Access:	PDF Full Text
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