Construct · 1 fields · 1 citations

refinancing channel of monetary policy: a standalone construct

One name. One construct. A landmark on the map.

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Housing finance

the transmission of interest rate cuts to spending through mortgage refinancing, whose strength depends on regional home equity and borrower ability to refinance.

In housing finance, refinancing channel of monetary policy refers to the transmission of interest rate cuts to spending through mortgage refinancing, whose strength depends on regional home equity and borrower ability to refinance. This meaning comes from Beraja (2018) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

channel4 fields · 4 citationsjingle · one word, four constructs equity4 fields · 4 citationsjingle · one word, four constructs interest4 fields · 5 citationsjingle · one word, four constructs

References

Beraja, M., Fuster, A., Hurst, E., & Vavra, J. (2018). Regional Heterogeneity and the Refinancing Channel of Monetary Policy. The Quarterly Journal of Economics, 134(1), 109-183. https://doi.org/10.1093/qje/qjy021

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