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linkhttps://qeconomics.org/ojs/index.php/qe calendar_today07-07-2021 01:49:25

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Quantitative Economics
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7 months ago

When the central bank lowers the policy rate, not only mortgage choices but also housing choices amplify the aggregate demand response. Using a quantitative model, I find that updated housing choices contribute to 10 % of the increase in aggregate spending econometricsociety.org/publications/q…

When the central bank lowers the policy rate, not only mortgage choices but also housing choices amplify the aggregate demand response. Using a quantitative model, I find that updated housing choices contribute to 10 % of the increase in aggregate spending econometricsociety.org/publications/q…