Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging

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How Quantitative Easing Works: Evidence on the Refinancing Channel (2016, unknown): “36 An important consideration in interpreting these results is that the timing of interest-rate savings is not random, in contrast to the setting of Di Maggio et al. (2015) and Keys et al.”
The Transmission of Monetary Policy through Bank Lending: The Floating Rate Channel (2017, unknown): “…to our mechanism, this literature suggests that monetary policy has real implications by influencing households’cost of servicing their floating rate debt and as a result their disposable income and consumption (Calza, Monacelli, and Stracca (2013), Di Maggio, Kermani, and Ramcharan (2014)).”
Mortgage Design in an Equilibrium Model of the Housing Market (2018, background): “Di Maggio et al. (2017) show empirically that the pass-through of monetary policy to consumption is stronger in regions with more ARMs.”
Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism (2019, unknown): “…adjustable and fixed rate mortgages implies a small difference in the consumption responses to a temporary monetary policy shock (as we consider here) but a large difference to a very persistent monetary shock (as considered in empirical work by Keys et al. (2015) and Di Maggio et al. (2015)).”