23
14:15 - 15:45
IWH Research Seminar
APR
2018
14:15 - 15:45
Multi-period Loans, Non-linearities and Monetary Policy: A Quantitative Evaluation
We study the implications of multi-period mortgage loans for monetary policy, considering several realistic modifications – fixed interest rate contracts, lower bound constraint on newly granted loans, and possibility for the collateral constraint to become slack – to an otherwise standard DSGE model with housing and financial intermediaries.
Who
(Bank of England)