6期

最新文章

• New Frontiers in Household Finance AI翻译
  作者：Gomes, Francisco; Haliassos, Michael; Ramadorai, Tarun
  作者单位：University of London; London Business School; Centre for Economic Policy Research - UK; Goethe University Frankfurt; University of London; Imperial College London; London School Economics & Political Science
  摘要：We present and discuss the papers in this special issue. We use the themes that these papers study to illustrate interesting new directions that are being pursued in the household finance literature and highlight open questions on which more work is needed.
• When Discounted Rates End: The Costs of Taking Action in the Mortgage Market AI翻译
  作者：Belgibayeva, Adiya; Bono, Teresa; Bracke, Philippe; Clara, Nuno; Cocco, Joao F.; Majer, Tommaso
  作者单位：Bank of England; Duke University; University of London; London Business School; Centre for Economic Policy Research - UK
  摘要：We combine administrative data with a life cycle structural model that exploits the unique features of the U.K. mortgage market to analyze the sources of inaction and to estimate borrowers' nonpecuniary remortgaging costs. The utility costs needed to generate a given level of inaction depend on monetary gains from remortgaging and on the importance of those monetary gains for agents, which in turn depend on the (endogenously determined) marginal utility of consumption. The model results reveal...
• New Frontiers in Household Finance AI翻译
  作者：Gomes, Francisco; Haliassos, Michael; Ramadorai, Tarun
  作者单位：University of London; London Business School; Centre for Economic Policy Research - UK; Goethe University Frankfurt; University of London; Imperial College London; London School Economics & Political Science
  摘要：We present and discuss the papers in this special issue. We use the themes that these papers study to illustrate interesting new directions that are being pursued in the household finance literature and highlight open questions on which more work is needed.
• When Discounted Rates End: The Costs of Taking Action in the Mortgage Market AI翻译
  作者：Belgibayeva, Adiya; Bono, Teresa; Bracke, Philippe; Clara, Nuno; Cocco, Joao F.; Majer, Tommaso
  作者单位：Bank of England; Duke University; University of London; London Business School; Centre for Economic Policy Research - UK
  摘要：We combine administrative data with a life cycle structural model that exploits the unique features of the U.K. mortgage market to analyze the sources of inaction and to estimate borrowers' nonpecuniary remortgaging costs. The utility costs needed to generate a given level of inaction depend on monetary gains from remortgaging and on the importance of those monetary gains for agents, which in turn depend on the (endogenously determined) marginal utility of consumption. The model results reveal...