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

Credit record panel data from 1999–2010 indicates that the likelihood of home equity
extraction (borrowing, on average, about $40,000 against one's home) peaked in 2003 …

Rising house prices affect household spending by either loosening a household's lifetime
budget constraint (pure wealth effect) or the household's borrowing constraint so that …

This paper studies the secular increase in US household debt and its relation to growing
income inequality and financial fragility. We exploit a new household-level dataset that …

Using household panel data, we present evidence on the relationship between house price
growth and household indebtedness among homeowners in the United States for the period …

This paper provides new evidence on the effect of housing wealth on consumption by
focusing on the impact of home-equity extraction. We develop a household consumption …

We study if the changes in US house prices over the 2000s affected growth in student loans.
Using household-level panel survey data, we find that as home prices fall households …

This paper evaluates the strength of the relationship between house prices and
consumption, through the use of debt. Whereas the existing literature has largely studied the …

In many countries around the world since the subprime-mortgage crisis in 2008, soaring
housing prices under central governments' quantitative easing (QE) monetary policies have …

In this paper, we present a hybrid Agent-Based Stock-Flow-Consistent (AB-SFC) model
about the macroeconomic and distributional implications of central bank's decision to leave …