Katya Kartashova - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T11:25:21+00:00How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers
https://www.bankofcanada.ca/2020/05/staff-working-paper-2020-18/
We study the causal effect of mortgage rate changes on consumer spending, debt repayment and defaults during an expansionary and a contractionary monetary policy episode in Canada. We find asymmetric responses of consumer durable spending, deleveraging and defaults. These findings help us to understand household sector response to interest rate changes.2020-05-19T11:51:53+00:00enHow Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers2020-05-19Credit and credit aggregatesInterest ratesMonetary policyMonetary policy transmissionStaff Working Paper 2020-18https://www.bankofcanada.ca/wp-content/uploads/2020/05/swp2020-18.pdfStaff Working Paper 2020-18Katya KartashovaXiaoqing ZhouMay 2020DD1D12D14EE4E43E5E52GG2G21RR3R31