作者：Binder, Carola; Kuang, Pei; Tang, Li
作者单位：University of Texas System; University of Texas Austin; University of Macau; University of Reading
摘要：We use a series of online surveys to study how US consumers' house price expectations respond to interest rate expectations. Communication about interest rates has little effect on average house price expectations, since households have heterogeneous beliefs about the relationship between interest rates and house prices. When coupled with an explanation of the mortgage rate channel, communication about interest rates has much larger effects on house price expectations. We also show that audio ...
