This article reviews the literature on international comparative household finance. It presents
summary statistics on household balance sheets for 13 developed countries and uses these …

Exploiting variation in the timing of resets of adjustable-rate mortgages (ARMs), we find that
a sizable decline in mortgage payments (up to 50 percent) induces a significant increase in …

We assess the complicated reality of monetary policy transmission through mortgage
markets by synthesizing the existing literature on the role of refinancing in policy …

This article explores the causes and consequences of cross-country variation in mortgage
market structure. It draws on insights from several fields: urban economics, asset pricing …

This paper provides novel estimates of the interest rate elasticity of mortgage demand by
measuring the degree of bunching in response to a discrete jump in interest rates at the …

Complex mortgages became a popular borrowing instrument during the bullish housing
market of the early 2000s but vanished rapidly during the subsequent downturn. These non …

The imposition of federal conservatorships on September 6, 2008, at the Federal National
Mortgage Association and the Federal Home Loan Mortgage Corporation—commonly …

This paper analyses two-way interactions between monetary policy and inequality in
selected advanced economies. In the context of a highly accommodative monetary stance …

Mortgage-backed securities in the United States are generally traded on a" to-be-
announced," or TBA, basis. The key feature of a TBA trade is that the identity of the securities …

Abstract Using the Michigan Survey, I show that consumers' house price expectations
depend upon the recent history of house price developments in their city of residence …