NEW MORTGAGE DESIGNS an INFLATIONARY ENVIRONMENT
نویسندگان
چکیده
منابع مشابه
Mortgages and monetary policy
How is monetary policy transmitted through its impact on mortgage borrowings? How does this transmission mechanism depend on whether mortgages are fixed or floating rate? To address these questions, we add a model of financial institutions’ behaviour to a dynamic general equilibrium model in which some households face credit constraints. We use this model to analyse the real effects of inflatio...
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