A Model of Mortgage Default
收藏NBER2011-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17516
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资源简介：
This paper solves a dynamic model of a household's decision to default on its mortgage, taking into account labor income, house price, inflation, and interest rate risk. Mortgage default is triggered by negative home equity, which results from declining house prices in a low inflation environment
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美国国家经济研究局创建时间：
2011-10-01
