Optimal mortgage refinancing: a closed form solution
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 u...
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Series: | Working paper series / National Bureau of Economic Research
13487 |
| Summary: | 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. |
| Item Description: | Literaturverz. S. 31 - 34 |
| Physical Description: | 41 S. 22 cm |
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| 245 | 1 | 0 | |a Optimal mortgage refinancing |b a closed form solution |c Sumit Agarwal ; John C. Driscoll ; David Laibson |
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13487 | |
| 500 | |a Literaturverz. S. 31 - 34 | ||
| 520 | |a 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. | ||
| 700 | 1 | |a Driscoll, John C. |d 1969- |e Verfasser |0 (DE-588)130237949 |4 aut | |
| 700 | 1 | |a Laibson, David I. |d 1966- |e Verfasser |0 (DE-588)128782226 |4 aut | |
| 810 | 2 | |a National Bureau of Economic Research <Cambridge, Mass.> |t NBER working paper series |v 13487 |w (DE-604)BV002801238 |9 13487 | |
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| illustrated | Not Illustrated |
| indexdate | 2024-12-20T13:23:20Z |
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| language | English |
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| publishDate | 2007 |
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| spelling | Agarwal, Sumit 1970- Verfasser (DE-588)133477215 aut Optimal mortgage refinancing a closed form solution Sumit Agarwal ; John C. Driscoll ; David Laibson Cambridge, Mass. National Bureau of Economic Research 2007 41 S. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13487 Literaturverz. S. 31 - 34 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. Driscoll, John C. 1969- Verfasser (DE-588)130237949 aut Laibson, David I. 1966- Verfasser (DE-588)128782226 aut National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13487 (DE-604)BV002801238 13487 |
| spellingShingle | Agarwal, Sumit 1970- Driscoll, John C. 1969- Laibson, David I. 1966- Optimal mortgage refinancing a closed form solution |
| title | Optimal mortgage refinancing a closed form solution |
| title_auth | Optimal mortgage refinancing a closed form solution |
| title_exact_search | Optimal mortgage refinancing a closed form solution |
| title_full | Optimal mortgage refinancing a closed form solution Sumit Agarwal ; John C. Driscoll ; David Laibson |
| title_fullStr | Optimal mortgage refinancing a closed form solution Sumit Agarwal ; John C. Driscoll ; David Laibson |
| title_full_unstemmed | Optimal mortgage refinancing a closed form solution Sumit Agarwal ; John C. Driscoll ; David Laibson |
| title_short | Optimal mortgage refinancing |
| title_sort | optimal mortgage refinancing a closed form solution |
| title_sub | a closed form solution |
| volume_link | (DE-604)BV002801238 |
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