Automated Author Profile

Kermani, Amir

Current S-Index

4.1

Sum of Dataset Indices for all datasets

Average Dataset Index per Dataset

2.0

Average Dataset Index per dataset

Total Datasets

2

Total datasets for this author

Average FAIR Score

69.2%

Average FAIR Score per dataset

Total Citations

2

Total citations to the author's datasets

Total Mentions

0

Total mentions of the author's datasets

S-Index Interpretation

S-Index Over Time

Cumulative Citations Over Time

Cumulative Mentions Over Time

Datasets

Replication data for: Interest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging (Version: 1)

Exploiting variation in the timing of resets of adjustable-rate mortgages (ARMs), we find that a sizable decline in mortgage payments (up to 50 percent) induces a significant increase in car purchases (up to 35 percent). This effect is attenuated by voluntary deleveraging. Borrowers with lower incomes and housing wealth have significantly higher marginal propensity to consume. Areas with a larger share of ARMs were more responsive to lower interest rates and saw a relative decline in defaults and an increase in house prices, car purchases, and employment. Household balance sheets and mortgage contract rigidity are important for monetary policy pass-through.

Authors

  • Di Maggio, Marco ;
  • Kermani, Amir ;
  • Keys, Benjamin J. ;
  • Piskorski, Tomasz ;
  • Ramcharan, Rodney ;
  • Seru, Amit ;
  • Yao, Vincent
1 Citation0 Mentions69% FAIR2.0 Dataset Index
10.3886/e116162v12017

Replication data for: Interest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging (Version: V0)

Exploiting variation in the timing of resets of adjustable-rate mortgages (ARMs), we find that a sizable decline in mortgage payments (up to 50 percent) induces a significant increase in car purchases (up to 35 percent). This effect is attenuated by voluntary deleveraging. Borrowers with lower incomes and housing wealth have significantly higher marginal propensity to consume. Areas with a larger share of ARMs were more responsive to lower interest rates and saw a relative decline in defaults and an increase in house prices, car purchases, and employment. Household balance sheets and mortgage contract rigidity are important for monetary policy pass-through.

Authors

  • Di Maggio, Marco ;
  • Kermani, Amir ;
  • Keys, Benjamin J. ;
  • Piskorski, Tomasz ;
  • Ramcharan, Rodney ;
  • Seru, Amit ;
  • Yao, Vincent
1 Citation0 Mentions69% FAIR2.0 Dataset Index
10.3886/e1161622017