behaviour of Italian mortgage lenders using a novel loan-level dataset. When policy rates turn negative, banks with higher …

towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …

Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between …-country study has analyzed what determines household demand for mortgage types, a task that this paper takes up using new data for … exercise to identify how the easing of monetary policy during the financial crisis affected mortgage holders. It shows that the …

consumption path of credit constrained homeowners is determined by the size and timing of payments (mortgage maturity). We exploit … the rapid expansion of mortgage markets during the last decade in Spain and a very detailed survey on household finances … consumption of households headed by an individual with high school responds more to mortgage maturity than to the interest rate …

In a number of countries a substantial proportion of mortgage loans is denominated in foreign currency. In this paper …

mortgage-backed securities is more widespread …

, monthly, bank account data to examine how expected income shocks from final mortgage payments impact credit card consumption …, and the repayment of credit card debt. Our data allows us to identify the exact magnitude and date of final mortgage …

increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that …