| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13487 |
| 来源ID | Working Paper 13487 |
| Optimal Mortgage Refinancing: A Closed Form Solution | |
| Sumit Agarwal; John C. Driscoll; David Laibson | |
| 发表日期 | 2007-10-10 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We derive the first closed-form optimal mortgage refinancing rule. The expression is derived by using the Lambert-W function to solve a tractable class of mortgage refinancing problems. We calibrate our solution and show that our quantitative results closely match those reported by researchers who use numerical methods. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing ; Financial Institutions |
| URL | https://www.nber.org/papers/w13487 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571163 |
| 推荐引用方式 GB/T 7714 | Sumit Agarwal,John C. Driscoll,David Laibson. Optimal Mortgage Refinancing: A Closed Form Solution. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13487.pdf（356KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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