1,721,224 research outputs found

    Financial integration and economic growth in Europe

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    This is a draft chapter. The final version is available in Handbook of Financial Integration, edited by Guglielmo Maria Caporale, published by Edward Elgar Publishing Ltd., 2024

    Climate physical risk and Asian stock returns

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    JEL classification: C33, G12, G18...

    Re-examining the Decline in the US Saving Rate: The Impact of Mortgage Equity Withdrawals

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    This paper investigates the effect of mortgage equity withdrawal onsaving in the US over the period 1993–2011. A multivariate timeseries analysis based on a vector error correction model (VECM)is carried out. The saving rate, mortgage equity withdrawal, netwealth, interest rates and inflation are included in the empiricalmodel. The results show that the equity withdrawal mechanismplays a relevant role in explaining the saving rate pattern

    Re-examining the Decline in the US Saving Rate: The Impact of Mortgage Equity Withdrawals

    No full text
    This paper investigates the effect of mortgage equity withdrawal onsaving in the US over the period 1993–2011. A multivariate timeseries analysis based on a vector error correction model (VECM)is carried out. The saving rate, mortgage equity withdrawal, netwealth, interest rates and inflation are included in the empiricalmodel. The results show that the equity withdrawal mechanismplays a relevant role in explaining the saving rate pattern
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