Mortgages and Monetary Policy
---- Acknowledgements ----
We thank Morris Davis, Wouter den Haan, and Eric Young for helpful suggestions and Dean Corbae, Andra Ghent, and Bryan Routledge for insightful conference discussions. We are also grateful for comments to seminar participants at the Bank of England, Birmingham, Glasgow, IHS Vienna, Indiana, Norwegian School of Economics, Ohio State, San Francisco Fed, Southampton, St. Louis Fed, and Tsinghua University and participants at the Bundesbank Spring Workshop, LAEF Business CYCLES Conference, LSE Macro Workshop, SAET Meetings in Paris, Sheffield Macro Workshop, NIESR/ESRC The Future of Housing Finance Conference, UBC Summer Finance Conference, and the Bank of Canada Monetary Policy and Financial Stability Conference. The views expressed are those of the authors and not necessarily of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the National Bureau of Economic Research.