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Mortgage payments and household consumption in urban China()
By exploiting variation both in mortgage payoffs and mortgage interest-rate resets, we find that a decline in mortgage payments induces a significant increase in nondurable goods spending, even when households have substantial amounts of liquidity. Following mortgage payoff, households increase cons...
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| izdano v: | Econ Model |
|---|---|
| Main Authors: | , , |
| Format: | Artigo |
| Jezik: | Inglês |
| Izdano: |
The Authors. Published by Elsevier B.V.
2020
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| Teme: | |
| Online dostop: | https://ncbi.nlm.nih.gov/pmc/articles/PMC7413101/ https://ncbi.nlm.nih.gov/pubmed/32834334 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1016/j.econmod.2020.07.008 |
| Oznake: |
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