Karin Kinnerud

Karlman, Markus Johan; Kinnerud, Karin & Kragh-Sørensen, Kasper (2020)

Costly reversals of bad policies: The case of the mortgage interest deduction

Review of economic dynamics Doi: 10.1016/j.red.2020.08.003 - Fulltekst i vitenarkiv

This paper measures the welfare effects of removing the mortgage interest deduction under a variety of implementation scenarios. To this end, we build a life-cycle model with heterogeneous households calibrated to the U.S. economy, which features long-term mortgages and costly refinancing. In line with previous research, we find that most households would prefer to be born into an economy without the deductibility. However, when we incorporate transitional dynamics, less than forty percent of households are in favor of a reform and the average welfare effect is negative. This result holds under a number of removal designs.

Kragh-Sørensen, Kasper; Kinnerud, Karin & Karlman, Markus Johan (2021)

Down-payment requirements and the consumption response to income shocks: Implications for fiscal and monetary policy

[Academic lecture]. Statistics Norway Seminar Series.

Kinnerud, Karin; Karlman, Markus Johan & Kragh-Sørensen, Kasper (2021)

Mortgage lending standards: Implications for consumption dynamics

[Academic lecture]. Oslo Macro Conference.

Kinnerud, Karin; Kragh-Sørensen, Kasper & Karlman, Markus Johan (2021)

Mortgage lending standards: Implications for consumption dynamics

[Academic lecture]. CEPR WE ARE Seminar Series.

Kinnerud, Karin (2021)

The effects of monetary policy through housing and mortgage choices on aggregate demand

[Academic lecture]. Virtual Australian Macroeconomics Seminar.

Kinnerud, Karin (2021)

The effects of monetary policy through housing and mortgage choices on aggregate demand

[Academic lecture]. European Central Bank and Banca d’Italia 7th Conference on Household Finance and Consumption.