I study the transmission mechanism of Quantitative Easing (QE) in the form of large-scale asset purchases in the mortgage market to aggregate consumption. To this end, I develop a New Keynesian model that features heterogeneous households, a microfounded housing market, and frictional intermediation. This model helps explain the empirical evidence suggesting that QE increases aggregate consumption ...
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Updated versions of the SOEP-RV VSKT2022 and SOEP-RV RTBN2023 datasets have been available since April 2026. The new releases expand the existing data with additional information for current research projects. SOEP-RV links SOEP survey data with anonymized pension insurance records, providing unique opportunities to study life-course dynamics, social inequality, and the effects of policy reforms. Further ...
