MoNK: mortgages in a New-Keynesian model

DOI10.1016/j.jedc.2020.104059zbMath1475.91208OpenAlexW2985011281MaRDI QIDQ2246696

Roman Šustek, Carlos Garriga, Finn E. Kydland

Publication date: 16 November 2021

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w26427.pdf

zbMATH Keywords

monetary policy transmissionsticky priceshousehold balance sheetscash-flow effectslong-term mortgage debt

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Credit risk (91G40)

Cites Work

• The macroeconomy and the yield curve: a dynamic latent factor approach
• A joint econometric model of macroeconomic and term-structure dynamics
• Identification and estimation of Gaussian affine term structure models
• Household balance sheet channels of monetary policy: a back of the envelope calculation for the euro area
• HOUSING DYNAMICS OVER THE BUSINESS CYCLE
• A Parsimonious Macroeconomic Model for Asset Pricing
• Household Risk Management and Optimal Mortgage Choice
• A Model of the Consumption Response to Fiscal Stimulus Payments
• High-Frequency Identification of Monetary Non-Neutrality: The Information Effect*
• Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism

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