Fixed and Variable-Rate Mortgages, Business Cycles and Monetary Policy

By M. Rubio. 2009

153 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy? (2017, background): “costs, (38) where κu and $ are the level and elasticity parameters in the utilization cost specification.”
HOUSING DYNAMICS OVER THE BUSINESS CYCLE (2016, unknown): “, Iacoviello, 2005, and many others), a weighted average of the current and past interest rates (Rubio, 2011), or evolving in a sticky Calvo-style fashion (Graham and Wright, 2007).”
The Mortgage Credit Channel of Macroeconomic Transmission (2016, unknown): “…the case of housing by Iacoviello (2005), an impressive body of scholarship has emerged incorporating housing and collateral constraints into a monetary DSGE environment, including Calza et al. (2013), , Garriga et al. (2015), Iacoviello and Neri (2010), Liu, Wang, and Zha (2013), and Rubio (2011).”
Regional Heterogeneity and Monetary Policy (2019, unknown): “Households who are currently underwater must put up additional cash today in order to refinance while households with substantial equity can reduce their interest payments while also extracting equity and increasing consumption today.”