Low Interest Rates and the Distribution of Household Debt
Second, lower rates will increase the value of the accumulated wealth invested in e.g. bonds or housing. While the first channel benefits poorer or younger.
Credit Conditions and Consumption, House Prices and DebtHigh and rising real house prices in Canada since the late 1990s can be mostly explained by long-run movements in incomes, housing supply, mortgage interest ... A Repayment Model of House Prices - Monash Universityrate hikes have positive effects on real house prices when mortgage interest rates are tax deductable. Fourth, the model is able to account for the recent ... The Rise in Inequality, the Decline in the Natural Interest Rate, and ...I investigate the effect of rising income inequality on the natural rate of interest in an economy with ?rich? households who have ?capitalist spirit? type ...
Autres Cours:
