Mortgage Rates, Household Balance Sheets, and the Real Economy
By Benjamin J. Keys, Tomasz Piskorski, Amit Seru, Vincent Yao. 2014
112 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/333898554b3734e30a71fe366dbce74e717a7f0b
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
In Economics and Econometrics
In Finance
Citations in the corpus
- Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging (2014, background): “Since the change in the mortgage payments was anticipated, we observe a slight but statistically significant increase in the two quarters before the change, but the households’consumption expenses spike in the quarter after the reset and remain significantly higher in the subsequent two years.”
- Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow (2015, unknown): “A second caveat is that our paper does not assess the desirability of stimulating household borrowing from a macroeconomic 4A related literature has analyzed heterogeneity in the transmission of monetary policy through other channels (Doepke and Schneider, 2006; Coibion et al., 2012; Auclert, 2014; ”
- Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession (2017, unknown): “(2013), Keys et al. (2014), Aladangady (2015), and Dynan (2012).”
- Regional Heterogeneity and Monetary Policy (2019, unknown): “Di Maggio, Kermani, and Ramcharan (2014) and Keys et al. (2014) study the effects of ARM resets on durable consumption, following work by Fuster and Willen (2012) and Tracy and Wright (2012) studying the effects of resets on mortgage defaults.”
- Payment Size, Negative Equity, and Mortgage Default (2017, unknown): “Finally, recent work by Keys et al. (2014) builds on our identification strategy to confirm large default reductions following ARM resets in the prime conforming market and to document that the resets also affect durable purchases and debt balances (see also Di Maggio, Kermani, and Ramcharan 2014).”