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Who Captures the Rate Cut? Refinancing Heterogeneity and the Transmission of Monetary Policy featured image

Who Captures the Rate Cut? Refinancing Heterogeneity and the Transmission of Monetary Policy

Mortgage refinancing responses to interest-rate declines differ sharply across income groups: lower-income borrowers refinance less often and with longer delays, leaving …

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Jinho Kim
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Demographics and Housing Cycle featured image
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Demographics and Housing Cycle

Why does the same housing-demand shock generate larger booms in some places than in others? This paper shows that demographic age structure helps explain housing-boom …

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Jinho Kim
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Mortgage Debt and the Consumption Response to Monetary Policy and Housing Wealth featured image

Mortgage Debt and the Consumption Response to Monetary Policy and Housing Wealth

This project exploits cross-regional heterogeneity in mortgage-ownership ratios to study how mortgage debt shapes consumption responses to monetary policy and housing wealth. …

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Jinho Kim
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