Estimating the Elasticity of Intertemporal Substitution Using Mortgage NotchesMichael Best, James S. Cloyne, Ethan Ilzetzki, Henrik Kleven2018-08-01reportNational Bureau of Economic Research96 citationsgreenNo readable copy stored yet — this record is metadata only.Monetary Policy and Economic ImpactHousing Market and EconomicsFinancial Literacy, Pension, Retirement AnalysisAbstractZeldes for helpful comments and discussion.All charts and estimates use data provided to the Bank of England byCitations in this libraryStored only when both papers are in the corpus — 96 citations exist upstream.References1999By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior1989Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework1989Consumption and Liquidity Constraints: An Empirical Investigation1988Intertemporal Substitution in Consumption1981Intertemporal Substitution in Consumption2002Limited Asset Market Participation and the Elasticity of Intertemporal Substitution1990Nonexpected Utility in Macroeconomics2014A Model of the Consumption Response to Fiscal Stimulus PaymentsCited by2019Wealth Taxation and Wealth Accumulation: Theory and Evidence From Denmark*2021Leverage Regulation and Market Structure: A Structural Model of the U.K. Mortgage Market2021Subjective intertemporal substitution2020The Forced Safety Effect: How Higher Capital Requirements Can Increase Bank Lending2019Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches2020A Dynamic Quantile Model for Distinguishing Intertemporal Substitution from Risk Aversion2025Stochastic impatience and the separation of time and risk preferences