Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism

DOI10.1093/RESTUD/RDY074zbMath1483.91132OpenAlexW3125254852WikidataQ128677952 ScholiaQ128677952MaRDI QIDQ5028543

Clodomiro Ferreira, Paolo Surico, James S. Cloyne

Publication date: 10 February 2022

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://lbsresearch.london.edu/id/eprint/1036/1/CloyneFerreiraSurico.pdf

zbMATH Keywords

monetary policyliquidity constraintshousehold balance sheets

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Consumer behavior, demand theory (91B42)

Related Items (3)

House prices, the distribution of household debt and the refinancing channel of monetary policy ⋮ Household balance sheet channels of monetary policy: a back of the envelope calculation for the euro area ⋮ MoNK: mortgages in a New-Keynesian model

This page was built for publication: Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism