Hintermaier, Thomas; Koeniger, Winfried - In: Quantitative economics : QE ; journal of the … 15 (2024) 4, pp. 1249-1301
policy, considering housing tenure choices over the life cycle. Our analysis also identifies challenges for monetary policy … related to housing busts. It focuses on the four largest economies in the euro area: France, Germany, Italy, and Spain …. Across groups with different housing tenure, we find that the consumption response of homeowners to interest rate changes …