Regional heterogeneity and the refinancing channel of monetary policy

DOI10.1093/QJE/QJY021MaRDI QIDQ5016475zbMATH OpenOpenAlexFDO

Authors Martin Beraja, Andreas Fuster, Erik Hurst, Joseph Vavra

Publication date 13 December 2021

Published in The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/10.1093/qje/qjy021

zbMATH Keywords

heterogeneous household modelhousing equitymonetary policymortgage refinancing

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82)

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Cited in

(10)

• House prices, the distribution of household debt and the refinancing channel of monetary policy
• Regional effects of monetary policy in the U.S.: an empirical re-assessment
• Macroeconomic effects of the mortgage refinance and the home equity lines of credit
• Monetary policy when households have debt: new evidence on the transmission mechanism
• Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program
• Transparency in Structural Research
• Differences in euro-area household finances and their relevance for monetary-policy transmission
• Present bias amplifies the household balance-sheet channels of macroeconomic policy
• The effects of monetary policy through housing and mortgage choices on aggregate demand
• Firm size and business cycles with credit shocks

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