Mortgage Market Development, Savings, and Growth /
Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings. Employing a six-period overlapping generations model with endogenous growth and a method of simulation calibrated on the Middle East, this paper demonstrates that the above argument...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2001.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2001/036 |
| 在线阅读: | Full text available on IMF |