Fixed‐and variable‐rate mortgages, business cycles, and monetary policy
M Rubio - Journal of Money, Credit and Banking, 2011 - Wiley Online Library
This paper studies how the proportion of fixed‐and variable‐rate mortgages affects business
cycles and welfare. I develop and solve a New Keynesian dynamic stochastic general …
cycles and welfare. I develop and solve a New Keynesian dynamic stochastic general …
Monetary policy, credit markets, and banks: A DSGE perspective
M Rubio - Economics Letters, 2020 - Elsevier
The monetary policy transmission mechanism changed after the 2008 crisis. Evidence
shows that credit markets and the banking system play now a predominant role in the pass …
shows that credit markets and the banking system play now a predominant role in the pass …