Concept

Adjustable-rate mortgage

Related publications (29)

Tiers of joy? Reserve tiering and bank behavior in a negative-rate environment

Negative interest rate regimes typically involve reserve tiering to exempt a portion of bank reserves from negative rates. We study the effects on bank behavior of a large and unanticipated change in reserve tiering by the Swiss National Bank that generate ...

2024

The Time‐Varying Price of Financial Intermediation in the Mortgage Market

Andreas Fuster

We introduce a new measure of the price charged by ﬁnancial intermediaries for con-necting mortgage borrowers with capital market investors. Based on administrativelender pricing data, we document that the price of intermediation reacts stronglyto variatio ...

2024

Essays in Monetary Policy and Asset Pricing

Benoit Vincent Sylvain Cornet

This thesis uses machine learning techniques and text data to investigate the relationships that arise between the Fed and financial markets, and their consequences for asset prices.The first chapter, entitled Market Expectations and the Impact of Unconven ...

EPFL2022

From State-led to Aided Self-help: Marshall Plan and Workers’ Housing Cooperatives in Turkey

Sila Karatas

This paper aims to analyze the transnational discourse behind the programmatic shift in spatial production and layout of workers’ housing in Turkey from the state-financed model of the interwar period to the aided self-help model by the introduction of the ...

2022

The Sensitivity of Housing Demand to Financing Conditions: Evidence from a Survey

Andreas Fuster

Measuring the sensitivity of housing demand to mortgage rates and available leverage is challenging because there is generally no exogenous variation in these variables. This paper circumvents this issue by designing a strategic survey in which respondents ...

2021

How Do Mortgage Refinances Affect Debt, Default, and Spending? Evidence from HARP

Andreas Fuster

We use quasi-random access to the Home Affordable Refinance Program (HARP) to identify the causal effect of refinancing into a lower-rate mortgage on borrower balance sheet outcomes. Refinancing substantially reduces borrower default rates on mortgages and ...

2021

Essays on Mortgage Supply in a Low Rate Environment and Gender Effects of Covid-19

After the financial crisis, policy rates in the major advanced economies have moved downwards to near/below zero. Some countries have experienced an increase in house prices and an expansion of mortgages. Also, there have been considerable changes in the m ...

EPFL2021

The question of housing at the center of urban health inequities

Jérôme Chenal, Vitor Pessoa Colombo, Akuto Akpedze Konou

If environmental factors are important determinants of health, then universal access to adequate housing is key to tackle urban health inequities. Yet, with over one billion urban dwellers having no other choice than living in so-called slums, the provisio ...

2021

How the Labour Self-Build: Marshall Plan and Workers’ Housing Cooperatives in Turkey

Sila Karatas

This presentation aims to discuss the transnational activity and discourse behind the programmatic shift in spatial production and layout of workers’ housing in Turkey from the state-financed model of the interwar period to the assisted self-help model by ...

2021

Mortgage Supply and Capital Regulation in a Low Interest Rate Environment

Luisa Lambertini

Low-for-long nominal interest rates have resulted in strong growth in mort- gage lending and real house prices in Switzerland. Domestically-oriented, small banks have mostly contributed to this expansion in mortgage lending while the two big, global system ...

2020

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