Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches
收藏NBER2018-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24948
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Using a novel source of quasi-experimental variation in interest rates, we develop a new approach to estimating the Elasticity of Intertemporal Substitution (EIS). In the UK, the mortgage interest rate features discrete jumps notches at thresholds for the loan-to-value (LTV) ratio. These notches
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美国国家经济研究局创建时间：
2018-09-01
