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Ethan Ilzetzki

Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches

Using a novel source of quasi-experimental variation in interest rates, we develop a new approach to estimating the Elasticity of Intertemporal Substitution (EIS). In the U.K., the …

james-cloyne

The Effect of House Prices on Household Borrowing: A New Approach

We investigate the effect of house prices on household borrowing using administrative mortgage data from the United Kingdom and a new empirical approach. The data contain …

james-cloyne