Optimal Mortgage Refinancing: A Closed Form Solution
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https://www.nber.org/papers/w13487
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资源简介：
We derive the first closed-form optimal mortgage refinancing rule. The expression is derived by using the Lambert-W function to solve a tractable class of mortgage refinancing problems. We calibrate our solution and show that our quantitative results closely match those reported by researchers who
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美国国家经济研究局创建时间：
2007-10-01
