After exploring both the crucial role of the interest elasticity of the saving rate in the analysis of a wide variety of issues in economic - particularly tax - policy and reasons why previous studies of the effect of interest rates on consumption and saving have biased the estimated elasticity...

Tax practitioners should identify clients with HARP and HAMP mortgage modifications since 2007 to determine if they have capitalized interest included in the principal of the new loan. This capitalized interest remains fully deductible when it is eventually paid but it is typically not being...