Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches
Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches
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Author / Creator
Publisher
Oxford University Press
Journal title
Language
English
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Publisher
Oxford University Press
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Contents
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 U.K., the mortgage interest rate features discrete jumps—notches—at thresholds for the loan-to-value (LTV) ratio. These notches generate large bunching below the critical LTV thre...
Alternative Titles
Full title
Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches
Authors, Artists and Contributors
Author / Creator
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Record Identifier
TN_cdi_crossref_primary_10_1093_restud_rdz025
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1093_restud_rdz025
Other Identifiers
ISSN
0034-6527
E-ISSN
1467-937X
DOI
10.1093/restud/rdz025
