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What are the effects of changes in taxation and new types of mortgages on the real economy? - The case of Denmark … during the 00's What are the effects of introducing interest-only, flexible-rate mortgage contracts and a tax-freeze on … financial frictions, and the coexistence of flexible-, fixed-rate and interest-only mortgage contracts. I find that the …
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In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7) countries and also broken down by the age group of the household head. We find that pre-retirement households (households with a head in the 50-59 age group) in Japan do not...
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