life-cycle model, with rich income risk and realistic long-term mortgage contracts, in
order...is attributed to homeowners saving
more to build up a liquid savings buffer,...
Country-specific fixed effects are
introduced in order to account for the widely...variables, with the exception of openness, are
introduced with a one-year lag in...
bank might find it optimal to build initially
an anti-inflation reputation in order...foreing country, α is
a constant, A(L) and B(L) are the AR and MA lag polynomials of...
