Karin Kinnerud is Assistant Professor of economics at BI Norwegian Business School. Her research focuses on macroeconomics, housing, household finance, and monetary policy. Karin earned her PhD in 2020 from the Institute for International Economic Studies at Stockholm University and holds a MSc in quantitative financial economics from Oklahoma State University.
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.
Kinnerud, Karin; Balke, Kasper Kragh & Karlman, Markus Johan (2022)
Down-payment requirements and consumption responses to income shocks
[Academic lecture]. Seminar Federal Reserve Bank of New York.
Kinnerud, Karin; Balke, Kasper Kragh & Karlman, Markus Johan (2022)
Down-payment requirements and consumption responses to income shocks
[Academic lecture]. Banque de France Conference on Household Heterogeneity.
Kinnerud, Karin; Balke, Kasper Kragh & Karlman, Markus Johan (2022)
Down-payment requirements and consumption responses to income shocks
[Academic lecture]. Norges Bank Workshop on The Heterogeneous Effects of Macro Shocks and Policies.
Kinnerud, Karin; Natvik, Gisle James & Ellingsrud, Sigmund (2022)
Do indebted households benefit from inflation?
[Academic lecture]. Perspectives on Kurtosis in Macroeconomics.
Kinnerud, Karin (2022)
The effects of monetary policy through housing and mortgage choices on aggregate demand
[Academic lecture]. Statistics Norway Seminar.
Kinnerud, Karin; Balke, Kasper Kragh & Karlman, Markus Johan (2022)
Down-payment requirements and consumption responses to income shocks
[Academic lecture]. LMU Munich Macroeconomics.
Kinnerud, Karin & Lorentzon, Louise (2022)
Dominated pension investments: the role of search frictions and unawareness
[Academic lecture]. 44th Meeting of the Norwegian Association of Economists.
Kinnerud, Karin; Balke, Kasper Kragh & Karlman, Markus Johan (2022)
Down-payment requirements and consumption responses to income shocks
[Academic lecture]. 5th Workshop of the Spanish Macroeconomics Network.
Kinnerud, Karin; Balke, Kasper Kragh & Karlman, Markus Johan (2022)
Down-payment requirements and consumption responses to income shocks
[Academic lecture]. Macro-Workshop at the University of St.Gallen.
Kinnerud, Karin (2022)
The effects of monetary policy through housing and mortgage choices on aggregate demand
[Academic lecture]. Fourth Biennial Conference on New Dimensions of Monetary Policy.
Kinnerud, Karin; Balke, Kasper Kragh & Karlman, Markus Johan (2022)
Down-payment requirements and consumption responses to income shocks
[Academic lecture]. Oslo Housing Lab Seminar.
Kinnerud, Karin; Balke, Kasper Kragh & Karlman, Markus Johan (2022)
Down-payment requirements and consumption responses to income shocks
[Academic lecture]. European Economic Association conference.
Kinnerud, Karin (2022)
The effects of monetary policy through housing and mortgage choices on aggregate demand
[Academic lecture]. ECHOPPE Conference on the Economics of Housing and Housing Policies.
Kinnerud, Karin & Lorentzon, Louise (2022)
Dominated pension investments: the role of search frictions and unawareness
[Academic lecture]. CEPR Seventh European Workshop on Household Finance.
Balke, Kasper Kragh; Kinnerud, Karin & Karlman, Markus Johan (2022)
Down-payment requirements and consumption responses to income shocks
[Academic lecture]. University of Pretoria.
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