Is housing wealth an "ATM"? : the relationship between household wealth, home equity withdrawal, and saving rates /

This paper examines the role increasing personal wealth and home equity withdrawal (HEW) have had in the decline in the personal saving rate in the United States. It does so by comparing the U.S. experience with those of Australia, Canada, and the United Kingdom. Mortgage market liberalization and i...

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Bibliographic Details
Main Authors: Klyuev, Vladimir (Author), Mills, Paul S. (Author)
Corporate Authors: International Monetary Fund International Capital Markets Department, International Monetary Fund Western Hemisphere Department
Other Authors: Mills, Paul S
Format: Book
Language:English
Published: Washington, D.C. : International Monetary Fund, Western Hemisphere Dept. and International Capital Markets Dept., c2006
[Washington, D.C.] : International Monetary Fund, ©2006
Washington, D.C. : 2006
Series:IMF Working Papers ; Working Paper No. 06/162
IMF eLibrary
IMF working paper ; WP/06/162
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Massachusetts Institute of Technology

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Call Number: HG3810.I45 no.WP/06/162