Caporale, Guglielmo Maria; Costantini, Mauro; Paradiso, … - In: Journal of International Financial Markets, … 26 (2013) C, pp. 215-225
This paper investigates the effect of mortgage equity withdrawal on saving in the US over the period 1993–2011. A multivariate time series analysis based on a vector error correction model (VECM) is carried out. The saving rate, mortgage equity withdrawal, net wealth, interest rates and...
