We show that past inflation experiences strongly predict homeownership within and across
countries. First, we collect novel survey data, which reveal inflation protection to be a key …

There are vast differences in homeownership rates across countries. We show that, both
within and across countries, people's decision to buy versus rent is strongly affected by …

In most countries, the prevailing type of long-term mortgage is variable rate. In the US, 80%
of mortgages have fixed rates, which is hard to explain under the standard life-cycle …

At the moment of the euro cash changeover, inflation perceptions in the euro area deviated
from measured inflation, and in some euro-area Member States in a persistent way. In recent …

We study how the recent run-up in housing and rental prices affects the outlook for inflation
in the USA. Housing held down the overall inflation in 2021. Despite record growth in private …

In the 1970s, US asset markets witnessed (i) a 25% dip in the ratio of aggregate household
wealth relative to GDP and (ii) negative comovement of house and stock prices that drove a …

Inflation affects homeownership and housing adversely through the “real‐payment tilt” of the
conventional mortgage. Expectations of additional housing price appreciation, however …

Rising rents account for a significant portion of recent inflation. Estimates of how rent
inflation typically responds to two leading indicators—current asking rents and current house …

The present paper examines the long‐run impact of inflation on homeowner equity by
investigating the relationship between house prices and the prices of nonhousing goods …

In the 1970s, US asset markets witnessed (i) a 25% dip in the ratio of aggregate household
wealth relative to GDP and (ii) negative comovement of house and stock prices that drove a …