NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Mortgage Rate Conundrum

Alejandro Justiniano, Giorgio E. Primiceri, Andrea Tambalotti

NBER Working Paper No. 23784
Issued in September 2017

---- Acknowledgments ----

We thank, without implicating, Gene Amromin, Gadi Barlevy, Douglas Duncan, Francesco Ferrante, Andreas Fuster, Simon Gilchrist, Andrew Haughwout, Ethan Ilzetzki, Nels Lind, David Lucca, Carl Tannenbaum, Arlene Wong, as well as seminar and conference participants for comments and suggestions, and Aaron Kirkman for outstanding research assistance. The views expressed in this paper are those of the authors and do not necessarily represent those of the Federal Reserve Banks of Chicago, New York or the Federal Reserve System. Giorgio Primiceri is a consultant for the Federal Reserve Bank of Chicago and a research visitor at the European Central Bank. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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