% Bibliography for UQO Working Paper No. 18 -- all entries verified (Crossref/DOI/publisher page), see research/literature_matrix.csv

@article{adam2016price,
  author      = {Adam, Klaus and Zhu, Junyi},
  title       = {Price-Level Changes and the Redistribution of Nominal Wealth across the Euro Area},
  year        = {2016},
  journal     = {Journal of the European Economic Association},
  volume      = {14},
  number      = {4},
  pages       = {871--906},
  doi         = {10.1111/jeea.12155}
}

@article{aiyagari1994uninsured,
  author      = {Aiyagari, S. Rao},
  title       = {Uninsured Idiosyncratic Risk and Aggregate Saving},
  year        = {1994},
  journal     = {Quarterly Journal of Economics},
  volume      = {109},
  number      = {3},
  pages       = {659--684},
  doi         = {10.2307/2118417}
}

@article{allen2019search,
  author      = {Allen, Jason and Clark, Robert and Houde, Jean-Fran{\c{c}}ois},
  title       = {Search Frictions and Market Power in Negotiated-Price Markets},
  year        = {2019},
  journal     = {Journal of Political Economy},
  volume      = {127},
  number      = {4},
  pages       = {1550--1598},
  doi         = {10.1086/701684}
}

@article{auclert2019monetary,
  author      = {Auclert, Adrien},
  title       = {Monetary Policy and the Redistribution Channel},
  year        = {2019},
  journal     = {American Economic Review},
  volume      = {109},
  number      = {6},
  pages       = {2333--2367},
  doi         = {10.1257/aer.20160137}
}

@techreport{benetton2022dynastic,
  author      = {Benetton, Matteo and Kudlyak, Marianna and Mondragon, John},
  title       = {Dynastic Home Equity},
  year        = {2022},
  institution = {SSRN},
  type        = {SSRN Working Paper},
  doi         = {10.2139/ssrn.4163306}
}

@article{benhabib2011distribution,
  author      = {Benhabib, Jess and Bisin, Alberto and Zhu, Shenghao},
  title       = {The Distribution of Wealth and Fiscal Policy in Economies with Finitely Lived Agents},
  year        = {2011},
  journal     = {Econometrica},
  volume      = {79},
  number      = {1},
  pages       = {123--157},
  doi         = {10.3982/ECTA8416}
}

@article{blickle2019borrowing,
  author      = {Blickle, Kristian and Brown, Martin},
  title       = {Borrowing Constraints, Home Ownership and Housing Choice: Evidence from Intra-Family Wealth Transfers},
  year        = {2019},
  journal     = {Journal of Money, Credit and Banking},
  volume      = {51},
  number      = {2--3},
  pages       = {539--580},
  doi         = {10.1111/jmcb.12566}
}

@article{boar2021dynastic,
  author      = {Boar, Corina},
  title       = {Dynastic Precautionary Savings},
  year        = {2021},
  journal     = {Review of Economic Studies},
  volume      = {88},
  number      = {6},
  pages       = {2735--2765},
  doi         = {10.1093/restud/rdab012}
}

@article{borri2021optimal,
  author      = {Borri, Nicola and Reichlin, Pietro},
  title       = {Optimal Taxation with Home Ownership and Wealth Inequality},
  year        = {2021},
  journal     = {Review of Economic Dynamics},
  volume      = {40},
  pages       = {64--84},
  doi         = {10.1016/j.red.2020.09.003}
}

@techreport{bounajm2024modelling,
  author      = {Bounajm, Fares and McWhirter, Austin},
  title       = {Modelling {Canadian} Mortgage Debt and Payments in a Semi-Structural Model},
  year        = {2024},
  institution = {Bank of Canada},
  type        = {Bank of Canada Staff Analytical Note},
  number      = {2024-1},
  doi         = {10.34989/san-2024-1}
}

@article{campbell2003household,
  author      = {Campbell, John Y. and Cocco, Jo{\~a}o F.},
  title       = {Household Risk Management and Optimal Mortgage Choice},
  year        = {2003},
  journal     = {Quarterly Journal of Economics},
  volume      = {118},
  number      = {4},
  pages       = {1449--1494},
  doi         = {10.1162/003355303322552847}
}

@article{campbell2021structuring,
  author      = {Campbell, John Y. and Clara, Nuno and Cocco, Jo{\~a}o F.},
  title       = {Structuring Mortgages for Macroeconomic Stability},
  year        = {2021},
  journal     = {Journal of Finance},
  volume      = {76},
  number      = {5},
  pages       = {2525--2576},
  doi         = {10.1111/jofi.13056}
}

@article{chambers2009accounting,
  author      = {Chambers, Matthew and Garriga, Carlos and Schlagenhauf, Don E.},
  title       = {Accounting for Changes in the Homeownership Rate},
  year        = {2009},
  journal     = {International Economic Review},
  volume      = {50},
  number      = {3},
  pages       = {677--726},
  doi         = {10.1111/j.1468-2354.2009.00544.x}
}

@article{charles2002transition,
  author      = {Charles, Kerwin Kofi and Hurst, Erik},
  title       = {The Transition to Home Ownership and the Black-White Wealth Gap},
  year        = {2002},
  journal     = {Review of Economics and Statistics},
  volume      = {84},
  number      = {2},
  pages       = {281--297},
  doi         = {10.1162/003465302317411532}
}

@article{cloyne2020monetary,
  author      = {Cloyne, James and Ferreira, Clodomiro and Surico, Paolo},
  title       = {Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism},
  year        = {2020},
  journal     = {Review of Economic Studies},
  volume      = {87},
  number      = {1},
  pages       = {102--129},
  doi         = {10.1093/restud/rdy074}
}

@misc{cmhc2026residential,
  author      = {{Canada Mortgage and Housing Corporation}},
  title       = {Residential Mortgage Industry Report, Spring 2026},
  year        = {2026},
  howpublished= {CMHC},
  url         = {https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/housing-finance/residential-mortgage-industry-report}
}

@article{davis2007price,
  author      = {Davis, Morris A. and Heathcote, Jonathan},
  title       = {The Price and Quantity of Residential Land in the {United States}},
  year        = {2007},
  journal     = {Journal of Monetary Economics},
  volume      = {54},
  number      = {8},
  pages       = {2595--2620},
  doi         = {10.1016/j.jmoneco.2007.06.023}
}

@techreport{daysal2023intergenerational,
  author      = {Daysal, N. Meltem and Lovenheim, Michael F. and Wasser, David N.},
  title       = {The Intergenerational Transmission of Housing Wealth},
  year        = {2023},
  institution = {National Bureau of Economic Research},
  type        = {NBER Working Paper 31669},
  number      = {31669},
  doi         = {10.3386/w31669}
}

@article{denardi2004wealth,
  author      = {De Nardi, Mariacristina},
  title       = {Wealth Inequality and Intergenerational Links},
  year        = {2004},
  journal     = {Review of Economic Studies},
  volume      = {71},
  number      = {3},
  pages       = {743--768},
  doi         = {10.1111/j.1467-937X.2004.00302.x}
}

@article{diamond1965national,
  author      = {Diamond, Peter A.},
  title       = {National Debt in a Neoclassical Growth Model},
  year        = {1965},
  journal     = {American Economic Review},
  volume      = {55},
  number      = {5},
  pages       = {1126--1150},
  url         = {https://assets.aeaweb.org/asset-server/journals/aer/top20/55.5.1126-1150.pdf}
}

@article{diaz2010wealth,
  author      = {D{\'i}az, Antonia and Luengo-Prado, Mar{\'i}a Jos{\'e}},
  title       = {The Wealth Distribution with Durable Goods},
  year        = {2010},
  journal     = {International Economic Review},
  volume      = {51},
  number      = {1},
  pages       = {143--170},
  doi         = {10.1111/j.1468-2354.2009.00574.x}
}

@article{doepke2006inflation,
  author      = {Doepke, Matthias and Schneider, Martin},
  title       = {Inflation and the Redistribution of Nominal Wealth},
  year        = {2006},
  journal     = {Journal of Political Economy},
  volume      = {114},
  number      = {6},
  pages       = {1069--1097},
  doi         = {10.1086/508379}
}

@article{engelhardt1998intergenerational,
  author      = {Engelhardt, Gary V. and Mayer, Christopher J.},
  title       = {Intergenerational Transfers, Borrowing Constraints, and Saving Behavior: Evidence from the Housing Market},
  year        = {1998},
  journal     = {Journal of Urban Economics},
  volume      = {44},
  number      = {1},
  pages       = {135--157},
  doi         = {10.1006/juec.1997.2064}
}

@article{fagereng2021why,
  author      = {Fagereng, Andreas and Mogstad, Magne and R{\o}nning, Marte},
  title       = {Why Do Wealthy Parents Have Wealthy Children?},
  year        = {2021},
  journal     = {Journal of Political Economy},
  volume      = {129},
  number      = {3},
  pages       = {703--756},
  doi         = {10.1086/712446}
}

@article{favilukis2017macroeconomic,
  author      = {Favilukis, Jack and Ludvigson, Sydney C. and Van Nieuwerburgh, Stijn},
  title       = {The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk Sharing in General Equilibrium},
  year        = {2017},
  journal     = {Journal of Political Economy},
  volume      = {125},
  number      = {1},
  pages       = {140--223},
  doi         = {10.1086/689606}
}

@article{favilukis2023affordable,
  author      = {Favilukis, Jack and Mabille, Pierre and Van Nieuwerburgh, Stijn},
  title       = {Affordable Housing and City Welfare},
  year        = {2023},
  journal     = {Review of Economic Studies},
  volume      = {90},
  number      = {1},
  pages       = {293--330},
  doi         = {10.1093/restud/rdac024}
}

@article{fisher1933debt,
  author      = {Fisher, Irving},
  title       = {The Debt-Deflation Theory of Great Depressions},
  year        = {1933},
  journal     = {Econometrica},
  volume      = {1},
  number      = {4},
  pages       = {337--357},
  doi         = {10.2307/1907327}
}

@article{floetotto2016government,
  author      = {Floetotto, Max and Kirker, Michael and Stroebel, Johannes},
  title       = {Government Intervention in the Housing Market: Who Wins, Who Loses?},
  year        = {2016},
  journal     = {Journal of Monetary Economics},
  volume      = {80},
  pages       = {106--123},
  doi         = {10.1016/j.jmoneco.2016.04.005}
}

@article{gabaix2016dynamics,
  author      = {Gabaix, Xavier and Lasry, Jean-Michel and Lions, Pierre-Louis and Moll, Benjamin},
  title       = {The Dynamics of Inequality},
  year        = {2016},
  journal     = {Econometrica},
  volume      = {84},
  number      = {6},
  pages       = {2071--2111},
  doi         = {10.3982/ECTA13569}
}

@article{garriga2017mortgages,
  author      = {Garriga, Carlos and Kydland, Finn E. and {\v{S}}ustek, Roman},
  title       = {Mortgages and Monetary Policy},
  year        = {2017},
  journal     = {Review of Financial Studies},
  volume      = {30},
  number      = {10},
  pages       = {3337--3375},
  doi         = {10.1093/rfs/hhx043}
}

@article{gervais2002housing,
  author      = {Gervais, Martin},
  title       = {Housing Taxation and Capital Accumulation},
  year        = {2002},
  journal     = {Journal of Monetary Economics},
  volume      = {49},
  number      = {7},
  pages       = {1461--1489},
  doi         = {10.1016/S0304-3932(02)00172-1}
}

@article{gete2018mortgage,
  author      = {Gete, Pedro and Reher, Michael},
  title       = {Mortgage Supply and Housing Rents},
  year        = {2018},
  journal     = {Review of Financial Studies},
  volume      = {31},
  number      = {12},
  pages       = {4884--4911},
  doi         = {10.1093/rfs/hhx145}
}

@article{glaeser2018economic,
  author      = {Glaeser, Edward and Gyourko, Joseph},
  title       = {The Economic Implications of Housing Supply},
  year        = {2018},
  journal     = {Journal of Economic Perspectives},
  volume      = {32},
  number      = {1},
  pages       = {3--30},
  doi         = {10.1257/jep.32.1.3}
}

@techreport{godbout2025how,
  author      = {Godbout, Claudia and Su, Adam and Xu, Yang},
  title       = {How Will Mortgage Payments Change at Renewal? An Updated Analysis},
  year        = {2025},
  institution = {Bank of Canada},
  type        = {Bank of Canada Staff Analytical Note},
  number      = {2025-21},
  doi         = {10.34989/san-2025-21}
}

@article{greenwald2025do,
  author      = {Greenwald, Daniel L. and Guren, Adam},
  title       = {Do Credit Conditions Move House Prices?},
  year        = {2025},
  journal     = {American Economic Review},
  volume      = {115},
  number      = {10},
  pages       = {3559--3596},
  doi         = {10.1257/aer.20211715}
}

@article{grossmann2021distributional,
  author      = {Grossmann, Volker and Larin, Benjamin and L{\"o}fflad, Hans Torben and Steger, Thomas},
  title       = {Distributional Consequences of Surging Housing Rents},
  year        = {2021},
  journal     = {Journal of Economic Theory},
  volume      = {196},
  pages       = {105275},
  doi         = {10.1016/j.jet.2021.105275}
}

@article{guiso2002private,
  author      = {Guiso, Luigi and Jappelli, Tullio},
  title       = {Private Transfers, Borrowing Constraints, and Timing of Homeownership},
  year        = {2002},
  journal     = {Journal of Money, Credit, and Banking},
  volume      = {34},
  number      = {2},
  pages       = {315--339},
  doi         = {10.1353/mcb.2002.0039}
}

@article{guren2021mortgage,
  author      = {Guren, Adam M. and Krishnamurthy, Arvind and McQuade, Timothy J.},
  title       = {Mortgage Design in an Equilibrium Model of the Housing Market},
  year        = {2021},
  journal     = {Journal of Finance},
  volume      = {76},
  number      = {1},
  pages       = {113--168},
  doi         = {10.1111/jofi.12963}
}

@article{gyourko2013superstar,
  author      = {Gyourko, Joseph and Mayer, Christopher and Sinai, Todd},
  title       = {Superstar Cities},
  year        = {2013},
  journal     = {American Economic Journal: Economic Policy},
  volume      = {5},
  number      = {4},
  pages       = {167--199},
  doi         = {10.1257/pol.5.4.167}
}

@article{halket2014saving,
  author      = {Halket, Jonathan and Vasudev, Santhanagopalan},
  title       = {Saving Up or Settling Down: Home Ownership over the Life Cycle},
  year        = {2014},
  journal     = {Review of Economic Dynamics},
  volume      = {17},
  number      = {2},
  pages       = {345--366},
  doi         = {10.1016/j.red.2013.06.002}
}

@article{halket2015homeownership,
  author      = {Halket, Jonathan and Pignatti Morano di Custoza, Matteo},
  title       = {Homeownership and the Scarcity of Rentals},
  year        = {2015},
  journal     = {Journal of Monetary Economics},
  volume      = {76},
  pages       = {107--123},
  doi         = {10.1016/j.jmoneco.2015.08.003}
}

@article{henderson1983model,
  author      = {Henderson, J. Vernon and Ioannides, Yannis M.},
  title       = {A Model of Housing Tenure Choice},
  year        = {1983},
  journal     = {American Economic Review},
  volume      = {73},
  number      = {1},
  pages       = {98--113},
  url         = {https://ideas.repec.org/a/aea/aecrev/v73y1983i1p98-113.html}
}

@techreport{hou2010homeownership,
  author      = {Hou, Feng},
  title       = {Homeownership over the Life Course of {Canadians}: Evidence from {Canadian} Censuses of Population},
  year        = {2010},
  institution = {Statistics Canada},
  type        = {Statistics Canada Analytical Studies Branch Research Paper 325},
  number      = {325},
  url         = {https://www150.statcan.gc.ca/n1/pub/11f0019m/11f0019m2010325-eng.htm}
}

@article{huggett1996wealth,
  author      = {Huggett, Mark},
  title       = {Wealth Distribution in Life-Cycle Economies},
  year        = {1996},
  journal     = {Journal of Monetary Economics},
  volume      = {38},
  number      = {3},
  pages       = {469--494},
  doi         = {10.1016/S0304-3932(96)01291-3}
}

@article{iacoviello2005house,
  author      = {Iacoviello, Matteo},
  title       = {House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle},
  year        = {2005},
  journal     = {American Economic Review},
  volume      = {95},
  number      = {3},
  pages       = {739--764},
  doi         = {10.1257/0002828054201477}
}

@article{iacoviello2013housing,
  author      = {Iacoviello, Matteo and Pavan, Marina},
  title       = {Housing and Debt over the Life Cycle and over the Business Cycle},
  year        = {2013},
  journal     = {Journal of Monetary Economics},
  volume      = {60},
  number      = {2},
  pages       = {221--238},
  doi         = {10.1016/j.jmoneco.2012.10.020}
}

@article{kaas2021low,
  author      = {Kaas, Leo and Kocharkov, Georgi and Preugschat, Edgar and Siassi, Nawid},
  title       = {Low Homeownership in {Germany}---A Quantitative Exploration},
  year        = {2021},
  journal     = {Journal of the European Economic Association},
  volume      = {19},
  number      = {1},
  pages       = {128--164},
  doi         = {10.1093/jeea/jvaa004}
}

@article{kaplan2020housing,
  author      = {Kaplan, Greg and Mitman, Kurt and Violante, Giovanni L.},
  title       = {The Housing Boom and Bust: Model Meets Evidence},
  year        = {2020},
  journal     = {Journal of Political Economy},
  volume      = {128},
  number      = {9},
  pages       = {3285--3345},
  doi         = {10.1086/708816}
}

@techreport{kartashova2020how,
  author      = {Kartashova, Katya and Zhou, Xiaoqing},
  title       = {How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from {Canadian} Consumers},
  year        = {2020},
  institution = {Bank of Canada},
  type        = {Bank of Canada Staff Working Paper},
  number      = {2020-18},
  doi         = {10.34989/swp-2020-18}
}

@article{kiyotaki1997credit,
  author      = {Kiyotaki, Nobuhiro and Moore, John},
  title       = {Credit Cycles},
  year        = {1997},
  journal     = {Journal of Political Economy},
  volume      = {105},
  number      = {2},
  pages       = {211--248},
  doi         = {10.1086/262072}
}

@article{kiyotaki2011winners,
  author      = {Kiyotaki, Nobuhiro and Michaelides, Alexander and Nikolov, Kalin},
  title       = {Winners and Losers in Housing Markets},
  year        = {2011},
  journal     = {Journal of Money, Credit and Banking},
  volume      = {43},
  number      = {2--3},
  pages       = {255--296},
  doi         = {10.1111/j.1538-4616.2011.00374.x}
}

@article{knoll2017no,
  author      = {Knoll, Katharina and Schularick, Moritz and Steger, Thomas},
  title       = {No Price Like Home: Global House Prices, 1870--2012},
  year        = {2017},
  journal     = {American Economic Review},
  volume      = {107},
  number      = {2},
  pages       = {331--353},
  doi         = {10.1257/aer.20150501}
}

@article{kuhn2020income,
  author      = {Kuhn, Moritz and Schularick, Moritz and Steins, Ulrike I.},
  title       = {Income and Wealth Inequality in {America}, 1949--2016},
  year        = {2020},
  journal     = {Journal of Political Economy},
  volume      = {128},
  number      = {9},
  pages       = {3469--3519},
  doi         = {10.1086/708815}
}

@article{linneman1989impacts,
  author      = {Linneman, Peter and Wachter, Susan},
  title       = {The Impacts of Borrowing Constraints on Homeownership},
  year        = {1989},
  journal     = {Real Estate Economics},
  volume      = {17},
  number      = {4},
  pages       = {389--402},
  doi         = {10.1111/1540-6229.00499}
}

@article{meh2010aggregate,
  author      = {Meh, C{\'e}saire A. and R{\'i}os-Rull, Jos{\'e}-V{\'i}ctor and Terajima, Yaz},
  title       = {Aggregate and Welfare Effects of Redistribution of Wealth under Inflation and Price-Level Targeting},
  year        = {2010},
  journal     = {Journal of Monetary Economics},
  volume      = {57},
  number      = {6},
  pages       = {637--652},
  doi         = {10.1016/j.jmoneco.2010.05.001}
}

@article{meh2011inflation,
  author      = {Meh, C{\'e}saire A. and Terajima, Yaz},
  title       = {Inflation, Nominal Portfolios, and Wealth Redistribution in {Canada}},
  year        = {2011},
  journal     = {Canadian Journal of Economics},
  volume      = {44},
  number      = {4},
  pages       = {1369--1402},
  doi         = {10.1111/j.1540-5982.2011.01678.x}
}

@article{mian2011house,
  author      = {Mian, Atif and Sufi, Amir},
  title       = {House Prices, Home Equity-Based Borrowing, and the {US} Household Leverage Crisis},
  year        = {2011},
  journal     = {American Economic Review},
  volume      = {101},
  number      = {5},
  pages       = {2132--2156},
  doi         = {10.1257/aer.101.5.2132}
}

@misc{mirdamadi2023parents,
  author      = {Mirdamadi, Michael and Khalid, Aisha},
  title       = {Parents and Children in the {Canadian} Housing Market: Does Parental Property Ownership Increase the Likelihood of Homeownership for their Adult Children?},
  year        = {2023},
  howpublished= {Statistics Canada, Housing Statistics in Canada, Catalogue 46-28-0001},
  url         = {https://www150.statcan.gc.ca/n1/pub/46-28-0001/2023001/article/00004-eng.htm}
}

@article{nakajima2020home,
  author      = {Nakajima, Makoto and Telyukova, Irina A.},
  title       = {Home Equity in Retirement},
  year        = {2020},
  journal     = {International Economic Review},
  volume      = {61},
  number      = {2},
  pages       = {573--616},
  doi         = {10.1111/iere.12435}
}

@article{nekoei2023how,
  author      = {Nekoei, Arash and Seim, David},
  title       = {How Do Inheritances Shape Wealth Inequality? Theory and Evidence from {Sweden}},
  year        = {2023},
  journal     = {Review of Economic Studies},
  volume      = {90},
  number      = {1},
  pages       = {463--498},
  doi         = {10.1093/restud/rdac016}
}

@article{ortalomagne2006housing,
  author      = {Ortalo-Magn{\'e}, Fran{\c{c}}ois and Rady, Sven},
  title       = {Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints},
  year        = {2006},
  journal     = {Review of Economic Studies},
  volume      = {73},
  number      = {2},
  pages       = {459--485},
  doi         = {10.1111/j.1467-937X.2006.383_1.x}
}

@article{pallotti2024who,
  author      = {Pallotti, Filippo and Paz-Pardo, Gonzalo and Slacalek, Jiri and Tristani, Oreste and Violante, Giovanni L.},
  title       = {Who Bears the Costs of Inflation? Euro Area Households and the 2021--2023 Shock},
  year        = {2024},
  journal     = {Journal of Monetary Economics},
  volume      = {148},
  pages       = {103671},
  doi         = {10.1016/j.jmoneco.2024.103671}
}

@article{pazpardo2024homeownership,
  author      = {Paz-Pardo, Gonzalo},
  title       = {Homeownership and Portfolio Choice over the Generations},
  year        = {2024},
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